secwatch / observer
8-K filed August 8, 2024, 7:59 PM ET CIK 0001475115
earnings confidence high sentiment negative materiality 0.80

Eventbrite, Inc.: restructuring charge — Eventbrite Q2 revenue $84.6M (+7% YoY), lays off ~100 employees (11% workforce), CFO expands to COO role

Eventbrite, Inc.

2024-Q2 EPS reported -$0.04 revenue$170,803,000

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Lanny Baker

Chief Operating and Financial Officer
Eventbrite, Inc.
Effective
2024-08-07
Filed
August 8, 2024, 7:59 PM ET
the Board appointed Lanny Baker, the Company’s Chief Financial Officer, to the expanded role of Chief Operating and Financial Officer, effective as of August 7, 2024.
Departed

Xiaojing Fan

Chief Accounting Officer and principal accounting officer
Eventbrite, Inc.
Effective
2024-08-16
Successor
Lanny Baker
Filed
August 8, 2024, 7:59 PM ET
On August 16, 2024, Xiaojing Fan, the Company’s Chief Accounting Officer and principal accounting officer, will cease providing services to the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Lanny Baker was appointed as Chief Operating and Financial Officer at Eventbrite, Inc..

Action
appointed
Role
Chief Operating and Financial Officer
Exact text from the filing
the Board appointed Lanny Baker, the Company’s Chief Financial Officer, to the expanded role of Chief Operating and Financial Officer, effective as of August 7, 2024.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Xiaojing Fan departed as Chief Accounting Officer and principal accounting officer at Eventbrite, Inc..

Action
will cease providing services
Role
Chief Accounting Officer and principal accounting officer
Exact text from the filing
On August 16, 2024, Xiaojing Fan, the Company’s Chief Accounting Officer and principal accounting officer, will cease providing services to the Company.
View on SEC.gov
Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.95

Eventbrite, Inc. announced a restructuring with charges of up to $7 million, pre-tax, primarily one-time employee termination and related costs in cash affecting Company-wide (approximately 11% of the Company’s workforce, or approximately 100 employees).

Type
restructuring
Charge
up to $7 million, pre-tax, primarily one-time employee termination and related costs in cash
Affected area
Company-wide
Headcount
approximately 11% of the Company’s workforce, or approximately 100 employees
Exact text from the filing
the reduction in force to be substantially complete by the third quarter of 2024. The Company expects to incur total costs associated with the reduction in force of up to $7 million, pre-tax, primarily one-time employee termination and related costs in cash. The Company expects the majority of the employee termination costs to be incurred in the third
View on SEC.gov

3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Source: SEC EDGAR
accession 0001475115-24-000161
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