GRUBHUB INC. (NYSE:GRUB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 6, 2018 (the “Effective Date”), the Board of Directors (the “Board”) of Grubhub Inc. (the “Company”) appointed Adam DeWitt, 45, to the position of President (the “Promotion”), in addition to his previous positions of Chief Financial Officer and Treasurer.The biographical information with respect to Mr. DeWitt is contained in the Company’s Definitive Proxy Statement on Schedule 14A filed with the SEC on March 31, 2017 and is incorporated by reference herein.
In order to make the Promotion possible, on the Effective Date, Matthew Maloney notified the Company that he will vacate his position as President, effective immediately.Mr. Maloney will continue to serve in his current capacity as the Company’s Chief Executive Officer and a member of the Board.
About GRUBHUB INC. (NYSE:GRUB)
Grubhub Inc. (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices. The Company’s target market is primarily consists of independent restaurants. Diners can access the platform through www.grubhub.com and www.seamless.com. The Company offers diners access to the network through its mobile applications designed for iPhone, iPad, Android, iWatch and Apple TV devices. The Company provides a corporate program that helps businesses address problems in food ordering and associated billing. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. Allmenus.com and MenuPages.com provide an aggregated database of approximately 380,000 menus from restaurants.
