Groupon appoints Kedar Deshpande as CEO, effective Dec. 10, 2021

Groupon, Inc.

Kedar Deshpande, former Zappos CEO, appointed Groupon CEO and board member, effective Dec. 10.
Aaron Cooper, interim CEO, steps down and will assist transition until at least Dec. 10.
Deshpande receives $700k base salary, $1M sign-on cash bonus, and $16.5M in RSUs vesting quarterly over 3 years.
Severance agreement includes 12 months salary and COBRA, accelerated equity vesting upon termination without cause or change in control.
Dane Drobny, Chief Admin Officer, receives $1M cash retention bonus and $2.91M in RSUs vesting over 3 years.

item 5.02 item 9.01

Executive movements

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Appointed

Kedar Deshpande

Chief Executive Officer

GRPN · Groupon, Inc.

Effective: 2021-12-10
Filed: December 1, 2021, 6:59 PM ET

On December 1, 2021, Groupon, Inc. (the “Company”) announced that its Board of Directors appointed Kedar Deshpande as Chief Executive Officer and a director of the Company, effective December 10, 2021

Departed (interim)

Aaron Cooper

Interim Chief Executive Officer

GRPN · Groupon, Inc.

Effective: 2021-12-10
Successor: Kedar Deshpande
Filed: December 1, 2021, 6:59 PM ET

Mr. Deshpande will replace Aaron Cooper, who currently serves as the Company’s Interim Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kedar Deshpande was appointed as Chief Executive Officer at Groupon, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On December 1, 2021, Groupon, Inc. (the “Company”) announced that its Board of Directors appointed Kedar Deshpande as Chief Executive Officer and a director of the Company, effective December 10, 2021

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Cooper departed as Interim Chief Executive Officer at Groupon, Inc..

Action: replaced
Role: Interim Chief Executive Officer

Exact text from the filing

Mr. Deshpande will replace Aaron Cooper, who currently serves as the Company’s Interim Chief Executive Officer.

View on SEC.gov

Groupon, Inc. filing history →

Source: SEC EDGAR

accession 0001490281-21-000128

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