secwatch.observer — SEC 8-K summary
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Issuer:     Trade Desk, Inc. (TTD)
CIK:        0001671933
Form:       8-K
Filed at:   2026-03-25T23:59:59+00:00
Accession:  0001671933-26-000025
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trade Desk appoints Drew Vollero to board; warns of Nasdaq noncompliance after two director resignations
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- Alexander Kayyal and Kathryn Falberg resigned from board effective March 19 and 23, 2026; no disagreement.
- Nasdaq issued noncompliance notice for failing audit/comp committee independence rules; cure period until Sept 21, 2026.
- Andrew Vollero, CFO of Reddit, appointed to board and audit committee effective Apr 3, 2026; fills vacancy from Rajaram.
- Alexander Kayyal to receive $400,000 relocation payment under separation agreement after CFO departure.
- Vollero to receive $50k annual board retainer, $12.5k audit fee, and equity grants valued at $290k initial and $290k prorated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1671933/000167193326000025/0001671933-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1671933/000167193326000025/ttd-20260319.htm
  HTML page:      https://secwatch.observer/filing/0001671933-26-000025

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