{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-018607","form_type":"8-K","ticker":"SSTK","cik":"0001549346","company_name":"Shutterstock, Inc.","filed_at":"2022-05-11T23:59:59+00:00","discovered_at":"2026-05-14T18:04:01.152228+00:00","generated_at":"2026-06-25T20:54:32.186455+00:00","sec_items":["1.01","2.01","2.03","5.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Shutterstock completes $210M cash acquisition of Pond5, appoints Paul Hennessy as CEO","bullets":["Acquired Pond5 for $210M cash; Pond5 adds 30M video clips, 1.6M music tracks, 115K+ contributors.","Entered $100M unsecured revolving credit facility due 2027; borrowed $50M for acquisition.","Appointed Paul Hennessy as CEO effective July 1, 2022; he was board member since 2015.","Hennessy's compensation: $700K base salary, plus $15M RSUs and $15M PSUs.","Maintains 2022 revenue and adjusted EBITDA margin guidance; deal accretive to 2022 adjusted EBITDA."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-018607","json":"https://secwatch.observer/filing/0001140361-22-018607.json","markdown":"https://secwatch.observer/filing/0001140361-22-018607.md","text":"https://secwatch.observer/filing/0001140361-22-018607.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549346/000114036122018607/0001140361-22-018607-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549346/000114036122018607/brhc10037452_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T20:54:32.186455+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9de75d4f39","claim":"Paul J. Hennessy was appointed as Chief Executive Officer at Shutterstock, Inc..","evidence_excerpt":"On May 9, 2022, the Company’s board of directors (the “Board”) appointed Paul J. Hennessy as Chief Executive Officer of the Company, effective July 1, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000114036122018607/0001140361-22-018607-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}