---
schema_version: "secwatch.filing_event.v1"
accession: "0001506293-22-000158"
form_type: "8-K"
ticker: "PINS"
cik: "0001506293"
company_name: "PINTEREST, INC."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:49:13.601664+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pinterest appoints Elliott's Marc Steinberg to board under cooperation agreement

## Summary
- Marc Steinberg (Elliott Senior Portfolio Manager) appointed to Pinterest board effective Dec 16, 2022.
- Steinberg to serve as Class I director; will be nominated for re-election at 2023 meeting for term until 2026.
- Elliott agreed to standstill, voting commitments, and non-disparagement; cooperation runs until after 2026 annual meeting.
- Board expands to 11 members (8 independent); Elliott's obligations end if its stake falls below 4.3% of outstanding shares.

## SEC filing metadata
- accession: 0001506293-22-000158
- form_type: 8-K
- ticker: PINS
- cik: 0001506293
- company_name: PINTEREST, INC.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506293/000150629322000158/0001506293-22-000158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506293/000150629322000158/pins-20221205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001506293-22-000158
- JSON: https://secwatch.observer/filing/0001506293-22-000158.json
- Plain text: https://secwatch.observer/filing/0001506293-22-000158.txt

## Key facts
- Executive change
  Marc Steinberg was appointed as Class I director at PINTEREST, INC..
  - Action: appointed
  - Role: Class I director
  source text: On December 5, 2022, Marc Steinberg was appointed to the Board effective December 16, 2022 as a Class I director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000150629322000158/0001506293-22-000158-index.htm
- Material Agreements
  PINTEREST, INC. entered into Cooperation Agreement with Elliott Investment Management L.P. (together, with its affiliates, collectively “Elliott”) valued at Pinterest entered into a cooperation agreement with Elliott, appointing Marc Steinberg to the Board (effective 2022-12-06).
  - Action: entry
  - Counterparty: Elliott Investment Management L.P. (together, with its affiliates, collectively “Elliott”)
  - Value: Pinterest entered into a cooperation agreement with Elliott, appointing Marc Steinberg to the Board
  - Effective: 2022-12-06
  source text: On December 6 , 2022, Pinterest, Inc. (the “Company”) announced that it has entered into a cooperation agreement with Elliott Investment Management L.P. (together, with its affiliates, collectively “Elliott”) after several months of constructive dialogue (the “Cooperation Agreement”). Pursuant to the Cooperation Agreement, the Company has appointed Marc Steinberg to the Company’s Board of Directors (the “Board”), effective as of December 16, 2022, as a Class I director with a term expiring at the Company’s 2023 annual meeting of stockholders (the “2023 Annual Meeting”). The Company also agreed to nominate Mr. Steinberg for re-election at the 2023 Annual Meeting for a term expiring at the Company’s 2026 annual meeting of stockholders (the “2026 Annual Meeting”). The Cooperation Agreement provides for customary director replacement rights, pursuant to which the Company and Elliott have agreed to cooperate to select a mutually acceptable successor director in the event Mr. Steinberg cease
  evidence_url: https://www.sec.gov/Archives/edgar/data/1506293/000150629322000158/0001506293-22-000158-index.htm

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