Business Context and Reporting Period
This Form 8-K Current Report was filed by The Trade Desk, Inc. on May 23, 2018. The filing reports a corporate governance event: the appointment of a new director to the Board of Directors.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and compensation arrangements.
Material Changes
The Board of Directors increased its size from six to seven members. Gokul Rajaram was appointed to fill the newly created vacancy as a Class I director. Mr. Rajaram brings significant experience from Square (Caviar), Facebook, and Google AdSense.
Compensation and Governance Details
- Cash Compensation: Mr. Rajaram is entitled to an annual cash fee of $45,000.
- Initial Equity Grant: An initial grant valued at $200,000, vesting over three years in quarterly installments.
- Annual Equity Grant: An annual grant valued at $200,000 (prorated), vesting over one year or until the next annual meeting.
- Indemnification: The Company will enter into a standard indemnification agreement with Mr. Rajaram.
Investor Verification Checklist
- Verify the total number of directors on the Board is now seven.
- Confirm the vesting schedule details for the initial $200,000 equity grant.
- Review the press release (Exhibit 99.1) for additional biographical context on Mr. Rajaram.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.