Groupon appoints Dusan Senkypl as interim CEO; ex-CEO Deshpande steps down

Groupon, Inc.

Dusan Senkypl named interim CEO effective March 30, 2023, replacing Kedar Deshpande; Deshpande will advise for 60 days.
Senkypl receives 3.5M nonqualified stock options at $6.00 exercise price and ~$19,000 annual base salary.
Standstill agreement with Pale Fire Capital limits ownership to <25% with exceptions; prohibits proxy solicitation and stockholder proposals.
Groupon has 14M active local customers and millions of visitor sessions; transformation plan targets operational excellence.
Senkypl remains on Board; CEO role is interim for one year or until permanent successor appointed.

item 1.01 item 5.02 item 9.01

Executive movements

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Departed

Kedar Deshpande

Chief Executive Officer

GRPN · Groupon, Inc.

Effective: 2023-03-30
Successor: Dusan Senkypl
Filed: March 31, 2023, 7:59 PM ET

Mr. Senkypl will replace Kedar Deshpande, who is no longer serving as the Company’s Chief Executive Officer or a member of the Board as of the Effective Date.

Appointed (interim)

Dusan Senkypl

Interim Chief Executive Officer

GRPN · Groupon, Inc.

Effective: 2023-03-30
Filed: March 31, 2023, 7:59 PM ET

The Company announced that its Board of Directors (the “Board”) appointed Dusan Senkypl as Interim Chief Executive Officer (“Interim CEO”) of the Company, effective on March 30, 2023.

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 departed as Chief Executive Officer at Groupon, Inc..

Action: no longer serving
Role: Chief Executive Officer

Exact text from the filing

Mr. Senkypl will replace Kedar Deshpande, who is no longer serving as the Company’s Chief Executive Officer or a member of the Board as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dusan Senkypl was appointed as Interim Chief Executive Officer at Groupon, Inc..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

The Company announced that its Board of Directors (the “Board”) appointed Dusan Senkypl as Interim Chief Executive Officer (“Interim CEO”) of the Company, effective on March 30, 2023.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Groupon, Inc. entered into Standstill Agreement with Pale Fire Capital SE, Pale Fire Capital SICAV a.s., Dusan Senkypl and Jan Barta (effective 2023-03-30).

Action: entry
Counterparty: Pale Fire Capital SE, Pale Fire Capital SICAV a.s., Dusan Senkypl and Jan Barta
Effective: 2023-03-30

Exact text from the filing

On March 30, 2023, Groupon, Inc. (the “Company”) entered into an Agreement (the “Standstill Agreement”) with Pale Fire Capital SE, Pale Fire Capital SICAV a.s., Dusan Senkypl and Jan Barta, (collectively the “Pale Fire Parties”).

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

Groupon, Inc. filing history →

Source: SEC EDGAR

accession 0001490281-23-000028

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