---
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"
generated_at: "2026-06-25T20:54:32.186455+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Shutterstock completes $210M cash acquisition of Pond5, appoints Paul Hennessy as CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-018607
- JSON: https://secwatch.observer/filing/0001140361-22-018607.json
- Plain text: https://secwatch.observer/filing/0001140361-22-018607.txt

## Key facts
- Executive change
  Paul J. Hennessy was appointed as Chief Executive Officer at Shutterstock, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1549346/000114036122018607/0001140361-22-018607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.