Business Context and Reporting Period
DoubleVerify Holdings, Inc. filed this Form 8-K on December 21, 2023, reporting events occurring on December 19, 2023. The filing concerns changes to the company’s board of directors and does not report operating or financial results.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial metrics.
Material Changes
- Joshua L. Selip notified the board of his intended resignation, effective February 20, 2024. The resignation is related to other responsibilities and opportunities at Providence Equity Partners and is not due to any disagreement with the company.
- Effective February 20, 2024, the board appointed Gary Swidler to fill an existing vacancy as a Class II director, with a term expiring at the 2026 Annual Meeting of Stockholders.
- Mr. Swidler was also appointed to the Audit Committee, effective February 20, 2024.
- The board determined that Mr. Swidler is independent under New York Stock Exchange and applicable Securities Exchange Act requirements.
- Mr. Swidler will participate in the company’s standard non-employee director compensation program, including prorated annual compensation for his first year.
Guidance, Outlook, Risks, and Unusual Items
The filing provides no financial guidance, outlook, management commentary on operations, contingencies, or unusual financial items. It states that there are no arrangements or understandings pursuant to which Mr. Swidler was elected and no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Facts Investors Should Verify
- Confirm the effective date of Mr. Selip’s resignation and Mr. Swidler’s appointment: February 20, 2024.
- Review the company’s subsequent filings for any changes to board committee composition or director compensation.
- Consult the company’s financial filings separately for operating performance, liquidity, leverage, and guidance, as this 8-K contains no such information.