secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001628280-23-034811
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Director resignation, appointment of Manolo Sanchez, and bylaw amendment on majority voting
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- Director Jenny Ming resigned effective Oct 31, 2023; no disagreement with company operations, policies or practices.
- Manolo Sánchez appointed Class II director eff. Nov 1, 2023; named to Audit and Nominating & Governance committees.
- Sánchez receives $500K RSU (3-yr vest), $200K annual RSU, and $45K annual cash retainer, prorated.
- Bylaw amendment: majority vote standard in uncontested director elections; resignation policy for failed votes.
- Sánchez was president/CEO of Compass Bank (BBVA US) 2008-2017; brings banking and risk management expertise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000162828023034811/0001628280-23-034811-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000162828023034811/afrm-20231017.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-034811

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