Corsair Gaming, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Corsair Gaming, Inc. (CRSR) on January 5, 2022, covering events occurring on December 29, 2021. The filing addresses corporate governance changes, specifically the appointment of new directors to the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel appointments and does not contain financial performance data.
Material Changes
The Board of Directors increased its size from eight to ten members. Two new directors were appointed effective December 29, 2021:
- Thi La: Appointed as a Class III director (term expires at the 2023 annual meeting). Ms. La has served as the Company's President since January 2021 and Chief Operating Officer since August 2013.
- Sarah Mears Kim: Appointed as a Class I director (term expires at the 2024 annual meeting). Ms. Kim previously served as Chief Financial and Business Officer of Archipelago and held senior roles at ICONIQ Capital and Stanford Management Company.
Compensation and Governance Details
Ms. Kim's appointment includes specific compensatory arrangements under the non-employee director program:
- Initial Grant (Dec 29, 2021): Stock options valued at $50,000 and restricted stock units (RSUs) valued at $50,000, pro-rated for the partial year.
- Annual Grants: At each annual stockholder meeting, Ms. Kim will receive stock options valued at $50,000 and RSUs valued at $50,000.
- Indemnification: Ms. Kim will enter into the Company's standard indemnification agreement for directors and officers.
No unusual items, risks, or forward-looking guidance were disclosed in this specific filing.
Investor Verification Checklist
- Verify the total number of Board seats and the specific class terms for Thi La and Sarah Mears Kim.
- Review the Company's non-employee director compensation policy to confirm the pro-ration methodology for Ms. Kim's initial grant.
- Confirm the absence of any undisclosed relationships between the new directors and the Company under Item 404(a) of Regulation S-K.
- Check subsequent filings for the formal election of these directors at the upcoming annual meetings.