Business Context and Reporting Period
This Form 8-K filing by QuinStreet, Inc. (Delaware) was submitted on April 27, 2017. The report addresses corporate governance changes rather than financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to Item 5.02 regarding officer appointments.
Material Changes
The primary material change reported is the appointment of Matthew Glickman as a Class I director, effective April 27, 2017. His term will last until the 2019 annual meeting of stockholders or until earlier resignation or removal.
Management Commentary and Governance
- Compensation: Mr. Glickman will receive the Company's standard compensation for non-employee directors as disclosed in the September 12, 2016, Schedule 14A proxy statement.
- Agreements: He has entered into the Company's standard indemnification agreement for non-employee directors.
- Qualifications: The Board selected Mr. Glickman based on his executive experience and knowledge of the technology industry. His background includes roles as a Lecturer at Stanford Graduate School of Business, Chairman of NovoEd, Executive Chairman of Guardian Analytics, co-founder/CEO of Merced Systems and BabyCenter, Inc., and founding CFO of Teach for America, Inc.
Investor Verification Checklist
- Verify the specific dollar amounts of the "standard compensation" for non-employee directors referenced in the September 12, 2016, Schedule 14A filing.
- Confirm the composition of the Board of Directors following this appointment.
- Review the standard indemnification agreement terms for non-employee directors.