secwatch.observer — SEC 8-K summary
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Issuer:     FIGS, Inc. (FIGS)
CIK:        0001846576
Form:       8-K
Filed at:   2025-04-03T23:59:59+00:00
Accession:  0001628280-25-016376
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIGS appoints Jerry Jao as independent director, Audit Committee chair
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- Jerry Jao appointed to board effective April 1, 2025, as Class III director, Audit Committee chair, and Compensation Committee member.
- Jao is SVP/GM at Constant Contact, former CEO of Retention Science, and previously Engagement Manager at KPMG and Analyst at Morgan Stanley.
- Director compensation includes $50,000 annual board retainer, $20,000 Audit chair retainer, $7,500 Comp committee retainer, plus initial and annual RSU grants.
- Prior interim Audit Chair Mario Marte continues as committee member; board cites Jao's marketing, technology, and finance expertise.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846576/000162828025016376/0001628280-25-016376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846576/000162828025016376/figs-20250331.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-016376

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