Vimeo CEO Anjali Sud steps down, Adam Gross named interim CEO; reaffirms 2023 outlook

Vimeo, Inc.

CEO Anjali Sud departs effective Aug 31, 2023 to pursue other opportunity; Adam Gross (board member) appointed interim CEO starting Sept 1.
Board has begun search for permanent CEO; Gross to serve until permanent CEO starts or max 12 months.
Vimeo terminated its $100M revolving credit facility on June 30, 2023; all obligations paid off, liens released.
Company reaffirms Q2 and FY2023 revenue and adjusted EBITDA outlook; full Q2 results due Aug 1, 2023.
Sud to receive base salary of $600K and eligible for discretionary bonus of up to $400K plus up to $533K non-discretionary bonus.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Anjali Sud

Chief Executive Officer and director

Vimeo, Inc.

Effective: 2023-08-31
Successor: Adam Gross
Filed: July 5, 2023, 7:59 PM ET

On June 30, 2023, Anjali Sud, Chief Executive Officer and director of Vimeo, Inc. (the “Company”) notified the Company of her intention to step down from her roles, effective as of August 31, 2023, to pursue another opportunity.

Appointed (interim)

Adam Gross

Interim Chief Executive Officer

Vimeo, Inc.

Effective: 2023-09-01
Filed: July 5, 2023, 7:59 PM ET

The Company’s Board of Directors has appointed Adam Gross, one of its independent directors, to serve as Interim Chief Executive Officer beginning September 1, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anjali Sud departed as Chief Executive Officer and director at Vimeo, Inc..

Action: stepped down
Role: Chief Executive Officer and director

Exact text from the filing

On June 30, 2023, Anjali Sud, Chief Executive Officer and director of Vimeo, Inc. (the “Company”) notified the Company of her intention to step down from her roles, effective as of August 31, 2023, to pursue another opportunity.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Adam Gross was appointed as Interim Chief Executive Officer at Vimeo, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

The Company’s Board of Directors has appointed Adam Gross, one of its independent directors, to serve as Interim Chief Executive Officer beginning September 1, 2023

View on SEC.gov

Source: SEC EDGAR

accession 0001104659-23-078079

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