Business Context and Reporting Period
This Form 8-K Current Report was filed by Block, Inc. on May 4, 2026, covering the event date of April 30, 2026. The filing addresses Item 5.02 regarding the appointment of a new Chief Accounting Officer.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation and appointment details.
Material Changes
The primary material change is the appointment of Andrea Acosta as Chief Accounting Officer, effective May 26, 2026. She replaces Amrita Ahuja, who served as interim principal accounting officer but will continue as Chief Financial Officer and Chief Operating Officer.
Management Commentary and Compensation
Ms. Acosta's compensation package includes:
- Annual base salary of $550,000.
- One-time sign-on cash bonus of $250,000, subject to reimbursement if she voluntarily terminates within two years.
- Restricted stock unit award with an aggregate grant date value of $8.0 million, vesting over four years.
Ms. Acosta brings prior experience as Chief Accounting Officer at Pinterest, Inc., and previously held controller roles at BioMarin Pharmaceutical Inc. and Levi Strauss & Co.
Investor Verification Checklist
- Confirm the effective start date of May 26, 2026, for the new Chief Accounting Officer.
- Verify the vesting schedule and conditions for the $8.0 million restricted stock unit award.
- Review the reimbursement clause regarding the $250,000 sign-on bonus.
- Check for any subsequent filings regarding the transition of duties from the interim officer.