Business Context and Reporting Period
This Form 8-K Current Report was filed by Groupon, Inc. on June 8, 2026. The filing primarily addresses the appointment of a new Chief Operating Officer and the associated compensatory arrangements.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation terms.
- Base Salary: $500,000 annually.
- 2026 Cash Bonus: Target of $150,000 (pro-rated), with a minimum guaranteed amount of $50,000.
- Sign-on Bonus: $150,000 total, payable in three installments of $50,000.
- Equity Award: 155,000 shares (50% enhanced restricted stock units, 50% performance stock units).
- Future LTIP: Minimum award of $500,000 in May 2027.
Material Changes
The material change reported is the appointment of Aditya Rajkumar as Chief Operating Officer, effective August 3, 2026. Mr. Rajkumar joins from 7-Eleven, Inc., where he served as Vice President, Digital & Delivery and Head of Skipcart, and previously held general management roles at DoorDash, Inc.
Outlook, Risks, and Contingencies
Management Commentary: The appointment is intended to leverage Mr. Rajkumar's experience in last-mile delivery marketplaces and general management.
Contingencies:
- Cash bonus and sign-on bonus payments are contingent upon continuous employment through specific payment dates and meeting performance expectations.
- Equity vesting is subject to time-based schedules and performance conditions.
- A Severance Benefit Agreement is intended to be executed after the effective date.
Risks: The filing notes that the compensation descriptions are qualified by the full Offer Letter filed as Exhibit 10.1.
Investor Verification Checklist
- Review Exhibit 10.1 (Offer Letter) for complete terms, vesting schedules, and performance conditions not detailed in the summary.
- Verify the execution of the anticipated Severance Benefit Agreement in future filings.
- Monitor the Compensation Committee approvals required for the actual cash bonus payout and the 2027 LTIP award.
- Confirm the start date of August 3, 2026, and the pro-ration of the 2026 bonus.