Business Context and Reporting Period
This Form 8-K was filed by Revolve Group, Inc. on March 11, 2020. The report addresses Item 5.02 regarding the appointment of certain officers and compensatory arrangements for Named Executive Officers (NEOs).
Key Financial Metrics
The filing does not provide consolidated financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation details approved by the Board of Directors on March 5, 2020.
Material Changes
The primary material change reported is the establishment of 2020 base salaries and annual target bonus amounts for NEOs, effective March 1, 2020. Additionally, 2019 year-end bonuses were approved for specific officers.
| Executive Officer | 2019 Bonus | 2020 Base Salary | 2020 Annual Target Bonus |
|---|---|---|---|
| Michael Mente, Co-CEO | $0 | $450,000 | $0 |
| Mike Karanikolas, Co-CEO | $0 | $450,000 | $0 |
| David Pujades, COO | $142,000 | $467,460 | $186,984 |
| Jesse Timmermans, CFO | $200,500 | $385,000 | $100,000 |
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on business performance, risks, contingencies, or unusual items. The scope is limited to the disclosure of executive compensation adjustments.
Investor Verification Checklist
- Verify the effective date of the new 2020 base salaries (March 1, 2020).
- Confirm the specific 2019 bonus amounts paid to the COO and CFO.
- Note that the Co-CEOs received no 2019 bonus and have no 2020 annual target bonus listed in this filing.
- Review subsequent filings for performance metrics, as this 8-K does not contain operational or financial results.