---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-060817"
form_type: "8-K"
ticker: null
cik: "0001804591"
company_name: "Chrome Holding Co."
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:48:51.360578+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# 23andMe files Chapter 11, CEO resigns, secures $35M DIP, $37.5M cyber settlement

## Summary
- Filed voluntary Chapter 11 petitions in Missouri bankruptcy court to maximize value through a 363 sale process.
- Anne Wojcicki resigned as CEO effective March 23; Joe Selsavage named Interim CEO and President.
- Secured $35M DIP financing commitment from JMB Capital Partners to support operations during proceedings.
- Agreed to pay $37.5M total to settle all claims from the October 2023 cyber incident impacting U.S. customers.
- Matt Kvarda appointed Chief Restructuring Officer; Thomas Walper added to Board and Special Committee.

## SEC filing metadata
- accession: 0001193125-25-060817
- form_type: 8-K
- cik: 0001804591
- company_name: Chrome Holding Co.
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 1.03, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/0001193125-25-060817-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/d933650d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-060817
- JSON: https://secwatch.observer/filing/0001193125-25-060817.json
- Plain text: https://secwatch.observer/filing/0001193125-25-060817.txt

## Key facts
- Distress & Bankruptcy
  Chrome Holding Co. entered chapter 11 in U.S. Bankruptcy Court for the Eastern District of Missouri (petition 2025-03-23).
  - Proceeding: chapter 11
  - Court: U.S. Bankruptcy Court for the Eastern District of Missouri
  - Petition: 2025-03-23
  source text: On March 23, 2025, the Company and certain of its subsidiaries listed on Exhibit 99.1 (collectively, the “Filing Subsidiaries” and, together with the Company, the “Debtors”) filed voluntary petitions (the “Bankruptcy Petitions”) seeking relief under Chapter 11 of Title 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the Court (the “Chapter 11 Cases”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/0001193125-25-060817-index.htm
- Executive change
  Joseph Selsavage was appointed as Interim Chief Executive Officer and Interim President at Chrome Holding Co..
  - Action: appointed
  - Role: Interim Chief Executive Officer and Interim President
  source text: On March 21, 2025, following Ms. Wojcicki’s resignation and effective as of the Resignation Effective Time, the Board appointed Joseph Selsavage, the Company’s current Chief Financial and Accounting Officer, as Interim Chief Executive Officer and Interim President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/0001193125-25-060817-index.htm
- Executive change
  Anne Wojcicki resigned as Chief Executive Officer and President at Chrome Holding Co..
  - Action: resigned
  - Role: Chief Executive Officer and President
  source text: On March 21, 2025, Anne Wojcicki, the Company’s Chief Executive Officer and President, by mutual agreement between Ms. Wojcicki and the Special Committee, tendered her resignation as an officer of the Company to the Board, which such resignation was effective at 5:00 p.m., Eastern Time, on March 23, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/0001193125-25-060817-index.htm
- Executive change
  Thomas B. Walper was appointed as Director at Chrome Holding Co..
  - Action: appointed
  - Role: Director
  source text: On March 21, 2025, the Board increased the size of the Board from four members to five members (the “Board Increase”) in accordance with the Company’s Second Amended and Restated Bylaws and Certificate of Incorporation, as amended, and appointed Thomas B. Walper as a non-employee director of the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1804591/000119312525060817/0001193125-25-060817-index.htm

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