SHUTTERFLY, INC. (NASDAQ:SFLY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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SHUTTERFLY, INC. (NASDAQ:SFLY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

SHUTTERFLY, INC. (NASDAQ:SFLY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

(b)

On June 20, 2019, Lisa Blackwood-Kapral notified Shutterfly, Inc. (the “Company”) of her decision to resign as Vice President and Chief Accounting Officer (“CAO”), effective July 5, 2019 (the “Separation Date”). It is expected that Ms. Blackwood-Kapral will continue to perform her duties as CAO until that date.

In connection with Ms. Blackwood-Kapral’s departure, she and the Company have entered into an agreement to which she will make herself available to consult with the Company until August 7, 2019, after which time the Company expects to file its quarterly report on Form 10-Q for the period ended June 30, 2019.

Effective the Separation Date, Michael Pope, Senior Vice President and Chief Financial Officer of the Company, will be appointed to the role of principal accounting officer. For biographical information regarding Mr. Pope, see the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 8, 2019.

The Company is not entering into any new, or amending any existing, compensatory plan or arrangement with Mr. Pope in connection with his appointment as the principal accounting officer of the Company. Mr. Pope was not appointed as the Company’s principal accounting officer to any arrangement or understanding with any other person. Mr. Pope does not have any family relationships with any executive officer or director of the Company and he is not a party to any transaction required to be disclosed to Item 404(a) of Regulation S-K.


About SHUTTERFLY, INC. (NASDAQ:SFLY)

Shutterfly, Inc. is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats. The Company’s products and services are offered through a family of lifestyle brands, including Shutterfly, Tiny Prints, Wedding Paper Divas, ThisLife, MyPublisher and BorrowLenses. The Shutterfly brand includes photo books, announcements, as well as custom home decor products and photo gifts. The Shutterfly brand also includes online photo service.