Square, Inc. (NYSE:SQ) 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 November 1, 2017, the board of directors (the “Board”) of Square, Inc. (the “Company”) increased the size of the Board to eleven directors and appointed Anna Patterson to the Board as a ClassI director and as a member of the Audit and Risk Committee.
Ms.Patterson, age 52, has served as Founder and Managing Partner at Gradient Ventures, Google’s artificial intelligence-focused venture fund, since April 2017 and as a Vice President of Engineering at Google since September 2010. Prior to that, from January 2007 to September 2010, Ms.Patterson served as Co-Founder and President at Cuil, and from February 2004 to January 2007, as Director of Engineering at Google. There is no arrangement or understanding between Ms.Patterson and any other persons to which Ms.Patterson was appointed as a director. Furthermore, there are no family relationships between Ms.Patterson and any director or executive officer of the Company, and she has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K.
Ms.Patterson will receive the Company’s standard remuneration for non-employee directors in accordance with the Company’s Outside Director Compensation Policy, as described in the proxy statement relating to the Company’s 2017 annual meeting of stockholders. Ms.Patterson has also executed the Company’s standard form of indemnification agreement.
A copy of the press release announcing Ms.Patterson’s appointment is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Item 5.02 Financial Statements and Exhibits.
(d)Exhibits.
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ExhibitNo. |
Description |
| 99.1 |
Press Release, dated November2, 2017. |
Square, Inc. ExhibitEX-99.1 2 d486916dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Square Names Anna Patterson,…To view the full exhibit click here
About Square, Inc. (NYSE:SQ)
Square, Inc. enables payment processing, and also offers financial and marketing services. The Company provides sellers various tools to start, run, manage and grow their businesses. It serves sellers of all sizes, ranging from a single vendor at a farmers’ market to multinational businesses. It serves as a payment service provider, acting as the touch point for the seller to the rest of the payment chain. Square Register is a point of sale (POS) software application for iPhone operating software (iOS) and Android, and is available to sellers across the world. Square Reader for magnetic stripe cards plugs into the standard headset jack of a mobile device, enabling swiped transactions. Square Customer Engagement helps sellers analyze and understand their businesses, engage their buyers in ongoing conversations, and promote their offerings through e-mail marketing. Caviar offers a food delivery service to help restaurants reach new customers.
