Grindr Inc. Form 8-K Summary
Business Context and Reporting Period
Grindr Inc. filed a Current Report on Form 8-K covering an event occurring March 27, 2023. The filing reports the appointment of Kye Chen as Chief Accounting Officer. It does not contain quarterly or annual financial results.
Financial Metrics and Liquidity
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other operating metrics.
Material Changes
- Kye Chen, age 45, joined Grindr as Chief Accounting Officer on March 27, 2023.
- Before joining Grindr, Ms. Chen served as Chief Accounting Officer of Glossier, Inc. from September 2019. Previously, she held accounting and managerial roles at Time Inc., including Vice President and Assistant Corporate Controller.
Compensation, Outlook, and Risks
- Ms. Chen’s employment is at will.
- Her annual base salary is $325,000, with an annual target bonus equal to 35% of base salary.
- She is expected to enter into the Company’s standard indemnification agreement, which may require Grindr to cover certain expenses, including attorneys’ fees, judgments, fines, and settlement amounts arising from service as an officer.
- The filing provides no management guidance, business outlook, contingencies beyond the indemnification arrangement, or unusual financial items.
Key Facts for Investors to Verify
- Confirm the effective date and responsibilities of the Chief Accounting Officer appointment.
- Monitor future filings for the impact of the compensation package and any related employment or indemnification arrangements.
- Review subsequent periodic filings for financial results, liquidity, debt, and management commentary, none of which are provided in this 8-K.