secwatch.observer — SEC 8-K summary
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Issuer:     Shutterstock, Inc. (SSTK)
CIK:        0001549346
Form:       8-K
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001549346-24-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shutterstock appoints Microsoft Chief Scientist Jaime Teevan to board of directors
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- Jaime Teevan appointed as Class I director effective July 8, 2024; term expires at 2025 annual meeting.
- Teevan is Chief Scientist and Technical Fellow at Microsoft, led creation of Copilot for Microsoft 365.
- Initial compensation: prorated RSU of 4,168 shares, annual cash retainer of $50,000, and annual RSU grant of $175,000.
- Board determined Teevan qualifies as independent under NYSE and SEC standards.
- No material transactions or arrangements between Teevan and any other person in connection with her appointment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000025/0001549346-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549346/000154934624000025/sstk-20240708.htm
  HTML page:      https://secwatch.observer/filing/0001549346-24-000025

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