MATCH GROUP, INC. (NASDAQ:MTCH) 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 August 2, 2017, Match Group, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original 8-K”) reporting that Ms. Amanda W. Ginsberg, CEO of Match Group Americas, was appointed Chief Executive officer of the Company, effective January 1, 2018.
On September 29, 2017, the Compensation and Human Resources Committee of the Board of Directors of the Company approved the award to Ms. Ginsberg, to the terms of the Company’s 2017 Stock and Annual and Incentive Plan and effective as of September 29, 2017 (the “Grant Date”), of (i) 100,000 restricted stock units that vest in equal installments on the third and fifth anniversaries of the Grant Date and (ii) 850,000 Company stock options that vest in equal installments on the first four anniversaries of the Grant Date, with the vesting in each case subject to Ms. Ginsberg’s continued employment with the Company through the applicable vesting date. The exercise price for the stock options is the closing price of the Company's common stock on the Grant Date. This filing is being made to amend the Original 8-K to include the above information regarding these awards.
About MATCH GROUP, INC. (NASDAQ:MTCH)
Match Group, Inc. is a provider of dating products. The Company operates in two segments: Dating and Non-dating. Its Dating segment provides dating products and the Company’s Non-dating segment provides various education services, including test preparation, academic tutoring and college counseling services. It operates The Princeton Review, which provides various educational test preparation, academic tutoring and college counseling services. The Princeton Review includes Tutor.com and The Princeton Review. The Company operates a portfolio of over 45 brands, including Match, OkCupid, PlentyOfFish, Tinder, Meetic, Twoo, OurTime, BlackPeopleMeet and FriendScout24, each designed to manage its users’ likelihood of finding a romantic connection. Through its portfolio of brands, it provides tailored products to meet the varying preferences of its users. It offers its dating products in approximately 38 languages across over 190 countries.