Business Context and Reporting Period
This Form 8-K Current Report was filed by Angi Inc. on March 6, 2026, with the earliest event reported on that date. The filing primarily addresses executive leadership changes within the finance department, specifically the resignation of the Chief Financial Officer (CFO) and the appointment of a successor.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on personnel changes and the terms of a new employment agreement.
Material Changes
- Executive Departure: Andrew Russakoff voluntarily resigned as Chief Financial Officer, effective March 6, 2026. He will remain with the company until March 27, 2026, to assist with the transition. The resignation is not the result of any disagreement with the company.
- Executive Appointment: Julie Gosal Hoarau, currently the Chief Accounting Officer, was appointed to succeed Mr. Russakoff as CFO, effective March 27, 2026. She will also serve as the principal financial officer and principal accounting officer.
- Compensation Structure: Ms. Hoarau's new employment agreement includes an annual base salary of $450,000, a discretionary annual cash bonus of up to $400,000, and 78,724 restricted stock units (RSUs) vesting in two equal installments on March 1, 2027, and March 1, 2028.
- Severance Terms: The agreement provides for one year of base salary continuation and accelerated vesting of equity awards if Ms. Hoarau is terminated without "cause" or resigns for "good reason."
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future business performance. The primary risk disclosed relates to the transition of leadership within the finance function, though the company notes the resignation is voluntary and amicable. No unusual items or contingencies affecting financial statements are reported in this document.
Investor Verification Checklist
- Verify the effective date of the CFO transition (March 27, 2026) and the interim period coverage.
- Review the full text of the Employment Agreement (Exhibit 10) for specific definitions of "cause" and "good reason" regarding severance.
- Confirm the vesting schedule and valuation of the 78,724 RSUs granted to the new CFO.
- Check subsequent filings for any changes to the company's financial reporting timeline due to the leadership change.