{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-042037","form_type":"8-K","ticker":"SSTK","cik":"0001549346","company_name":"Shutterstock, Inc.","filed_at":"2026-11-05T12:16:18+00:00","discovered_at":"2026-11-05T12:20:01.660582+00:00","generated_at":"2026-11-05T12:20:24.778602+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Shutterstock Q3 revenue falls 33% to $173.9M; net loss $197.8M on $203.3M goodwill impairment; CFO exits","bullets":["Q3 revenue $173.9M, down 33% YoY; Content revenue $158.1M (-19%) and Data/Distribution/Services $15.8M (-76%).","Net loss $197.8M vs $13.4M net income; diluted EPS -$5.35 vs $0.37; includes $203.3M non-cash goodwill impairment ($195.6M after tax).","Adjusted net income $16.7M, adjusted EPS $0.45 vs $0.99; adjusted EBITDA $41.8M (-47%); OpEx cut 30% YoY, tracking $60M annualized savings.","CFO Rik Powell departs effective immediately and leaves Nov 13, 2026; Scott Grossman named Interim CFO at $450,000 base salary.","Subscribers fell to 890,000 from 1,060,000; paid downloads 90.9M vs 111.7M; cash $110.5M after $30.0M revolver repayment."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-042037","json":"https://secwatch.observer/filing/0001140361-26-042037.json","markdown":"https://secwatch.observer/filing/0001140361-26-042037.md","text":"https://secwatch.observer/filing/0001140361-26-042037.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1549346/000114036126042037/0001140361-26-042037-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1549346/000114036126042037/ef20084945_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-05T12:20:24.778602+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":"18512bc61e","claim":"Scott Grossman was appointed as Interim Chief Financial Officer at Shutterstock, Inc..","evidence_excerpt":"On November 5, 2025, the Company announced the appointment of Scott Grossman as Interim Chief Financial Officer, effective November 2, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000114036126042037/0001140361-26-042037-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"2f50675647","claim":"Rik Powell departed as Chief Financial Officer at Shutterstock, Inc..","evidence_excerpt":"Concurrent with Mr. Grossman’s appointment, Rik Powell will cease to serve as Chief Financial Officer effective as of the same date and will depart from the Company on November 13, 2026.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1549346/000114036126042037/0001140361-26-042037-index.htm","confidence":0.93,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to serve"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}