secwatch.observer — SEC 8-K summary
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Issuer:     PINTEREST, INC. (PINS)
CIK:        0001506293
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001506293-22-000158
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506293/000150629322000158/0001506293-22-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506293/000150629322000158/pins-20221205.htm
  HTML page:      https://secwatch.observer/filing/0001506293-22-000158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer