secwatch.observer — SEC 8-K summary
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Issuer:     Affirm Holdings, Inc. (AFRM)
CIK:        0001820953
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001820953-25-000061
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Affirm director Keith Rabois resigns; former Costco CFO Richard Galanti appointed to board
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- Keith Rabois resigned from board effective June 30, 2025; no disagreement with company.
- Richard Galanti (retired Costco EVP/CFO) appointed Class II director effective July 1, 2025; joins Compensation Committee.
- Galanti to receive $500K RSUs (3-year vest), $200K annual RSU grant, $45K cash retainer, plus committee fees.
- Galanti served as Costco CFO for ~39 years (1985-2024) and on Costco board until January 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820953/000182095325000061/0001820953-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820953/000182095325000061/afrm-20250609.htm
  HTML page:      https://secwatch.observer/filing/0001820953-25-000061

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