Amplitude, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Amplitude, Inc. on November 8, 2021. The filing primarily serves to reference a press release issued on November 9, 2021, detailing financial results for the three and nine months ended September 30, 2021. Additionally, the report discloses an amendment to an executive employment agreement dated November 8, 2021.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the Press Release furnished as Exhibit 99.1, which is referenced but not included in the body of this 8-K text.
Material Changes and Executive Compensation
On November 8, 2021, the Company entered into an amended and restated employment agreement with Jennifer Johnson, Chief Marketing and Strategy Officer. The material change to her compensation terms includes:
- Acceleration of unvested equity awards (excluding performance awards) for an additional six-month period if employment is terminated without Cause or she resigns for Good Reason.
- These benefits are in addition to standard severance provided to other named executive officers.
- Benefits are contingent upon the delivery of an executed release of claims and continued compliance with confidentiality agreements.
Guidance, Outlook, and Risks
The filing text does not contain specific guidance, outlook, management commentary, or risk factors. The document explicitly states that the information furnished under Item 2.02, including the referenced Press Release, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings except as expressly set forth.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated November 9, 2021) for actual financial results for the three and nine months ended September 30, 2021.
- Verify the specific terms of the Amended Employment Agreement with Jennifer Johnson, which will be filed as an exhibit to the Annual Report on Form 10-K for the year ending December 31, 2021.
- Confirm the Company's status as an emerging growth company and its election regarding the extended transition period for new accounting standards.