Filing Summary
Registrant and reporting date: The filing is an October 1, 2019 Form 8-K filed by Oaktree Acquisition Corp., a Cayman Islands special purpose acquisition company. Although the request identifies Hims & Hers Health, Inc., the provided filing names Oaktree Acquisition Corp. as the registrant and does not mention Hims & Hers Health.
Business Context and Reporting Period
The filing reports a management change under Item 5.02. It is not a periodic financial report and does not provide results for a fiscal quarter or year.
Financial Metrics and Liquidity
- Revenue, profit, cash flow, margins, debt, liquidity, and other financial metrics are not provided in the filing.
- The filing text does not provide a clear value for any financial performance measure.
Material Changes
- Effective October 1, 2019, Zaid Pardesi was appointed Chief Financial Officer and Head of M&A.
- Alexander Taubman resigned as Chief Financial Officer and remained President of the Company.
- Mr. Pardesi is a senior vice president within Oaktree’s Value Equities strategy and has prior experience acquiring and managing middle-market businesses, including service as a CFO.
- Mr. Pardesi will not receive compensation from the Company for serving as CFO and had not entered into an employment agreement with the Company.
Outlook, Risks, and Unusual Items
- Mr. Pardesi was expected to enter into an indemnity agreement and letter agreement on terms consistent with those of the Company’s directors and officers at the time of its initial public offering.
- The filing states that Mr. Pardesi has no family relationship with any director or executive officer and that no undisclosed selection arrangements or related-party transactions requiring Item 404(a) disclosure were identified.
- No management guidance, transaction announcement, financial outlook, contingencies, or specific risk factors are disclosed.
Key Facts for Investor Verification
- Verify the applicable company: the supplied filing is for Oaktree Acquisition Corp., not Hims & Hers Health, Inc.
- Confirm the effective date and scope of Zaid Pardesi’s CFO and Head of M&A appointment.
- Confirm that Alexander Taubman remained President after resigning as CFO.
- Review any subsequent filing for the execution of Mr. Pardesi’s indemnity and letter agreements.
- Do not infer financial performance or liquidity information from this filing; none is provided.