Criteo S.A. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Criteo S.A. on May 15, 2020. The filing reports a significant change in executive leadership, specifically the appointment of an Interim Chief Financial Officer.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation arrangements.
Material Changes
On May 15, 2020, Criteo S.A. announced the appointment of Dave Anderson as Interim Chief Financial Officer, effective May 18, 2020. Mr. Anderson replaces Benoit Fouilland for a six-month term. During this engagement, Mr. Anderson will also serve as the Company's principal financial officer and principal accounting officer.
Compensation and Management Commentary
Under a Consulting Agreement dated May 14, 2020, between Criteo Corp. and Mr. Anderson:
- Monthly Fee: $83,333.33 per month.
- Performance Bonus: Opportunity to earn up to $250,000.00 based on goals determined by the Board of Directors.
- Benefits: Directors' and officers' liability insurance and indemnification per standard company terms.
- Other: No other compensation or benefits are provided.
Mr. Anderson brings extensive experience, having previously served as CFO of Nielsen Holdings plc, Alexion Pharmaceuticals, Inc., Honeywell International, and ITT Industries.
Investor Verification Checklist
- Verify the full text of the Consulting Agreement when filed as an exhibit to the next Form 10-Q.
- Confirm the specific performance goals for the $250,000 bonus once determined by the Board.
- Monitor the duration of the interim term to ensure it does not exceed the stated six-month period without further disclosure.
- Review the press release (Exhibit 99.1) for additional context on the departure of the previous CFO.