8-K
filed February 26, 2025, 6:59 PM ET
ticker YOU
CIK 0001856314
leadership
confidence high
sentiment neutral
materiality 0.80
CLEAR Q4 revenue $206.3M (+20.7%); co-founder/President/CFO Ken Cornick steps down, Barkin named President, Hsu CFO
Clear Secure, Inc.
- Revenue of $206.3M up 20.7% YoY; full-year revenue $770.5M up 25.6%.
- Q4 net income $116.6M includes $74.8M tax benefit; adjusted EBITDA $50.5M.
- Declared Q1'25 special dividend $0.27 and regular dividend $0.125; repurchased 13.8M shares in FY24.
- Co-founder Ken Cornick resigns as President/CFO effective Mar 31; will serve as CFO until successor starts, then advisor to Jul 2026.
- Michael Barkin (ex-Vail Resorts CFO) appointed President; Jen Hsu (ex-Chewy) appointed CFO, both effective Mar 31, 2025.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Barkin was appointed as President at Clear Secure, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
the Board approved the appointment of Michael Barkin as President of the Company, effective March 31, 2025
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Cornick departed as Director at Clear Secure, Inc..
- Action
- will not stand for re-election
- Role
- Director
Exact text from the filing
Mr. Cornick informed the Board that he will not stand for re-election as a director when his term expires at the Company’s 2025 annual meeting of shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth Cornick resigned as Chief Financial Officer at Clear Secure, Inc..
- Action
- resigned
- Role
- Chief Financial Officer
Exact text from the filing
he will continue to serve as Chief Financial Officer until the commencement of his successor’s employment
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jennifer Hsu was appointed as Chief Financial Officer at Clear Secure, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Jennifer Hsu as Chief Financial Officer of the Company, effective March 31, 2025
View on SEC.gov
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