Shutterstock CFO Jarrod Yahes resigns; Rik Powell appointed CFO effective Nov 1

Shutterstock, Inc.

Jarrod Yahes resigns as CFO effective Nov 1, 2024; remains as advisor through Dec 31.
Resignation not due to any disagreement; unvested equity forfeited as of Nov 1.
Rik Powell, previously SVP Finance & IR at Shutterstock, named CFO effective Nov 1.
Powell was CFO of Getty Images (2017-2020) and SVP at Shake Shack.
New CFO receives $450K salary, 60% target bonus, and 10,906 RSUs vesting over 3 years.

item 5.02 item 9.01

Executive movements

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Appointed

Rik Powell

Chief Financial Officer

SSTK · Shutterstock, Inc.

Effective: 2024-11-01
Filed: November 1, 2024, 7:59 PM ET

On October 28, 2024, the Board of Directors of the Company (the “Board”) unanimously appointed Rik Powell, the Company’s Senior Vice President, Finance and Investor Relations since June 3, 2024, as the Company’s Chief Financial Officer, effective November 1, 2024.

Departed

Jarrod Yahes

Chief Financial Officer

SSTK · Shutterstock, Inc.

Effective: 2024-11-01
Successor: Rik Powell
Filed: November 1, 2024, 7:59 PM ET

On October 24, 2024, Jarrod Yahes notified Shutterstock, Inc. (the “Company”) of his resignation as Chief Financial Officer of the Company, effective November 1, 2024 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rik Powell was appointed as Chief Financial Officer at Shutterstock, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On October 28, 2024, the Board of Directors of the Company (the “Board”) unanimously appointed Rik Powell, the Company’s Senior Vice President, Finance and Investor Relations since June 3, 2024, as the Company’s Chief Financial Officer, effective November 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jarrod Yahes resigned as Chief Financial Officer at Shutterstock, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On October 24, 2024, Jarrod Yahes notified Shutterstock, Inc. (the “Company”) of his resignation as Chief Financial Officer of the Company, effective November 1, 2024 (the “Effective Date”).

View on SEC.gov

Shutterstock, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-044846

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