secwatch.observer — SEC 8-K summary
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Issuer:     Clear Secure, Inc. (YOU)
CIK:        0001856314
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001856314-25-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CLEAR Q4 revenue $206.3M (+20.7%); co-founder/President/CFO Ken Cornick steps down, Barkin named President, Hsu CFO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856314/000185631425000006/0001856314-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856314/000185631425000006/you-20250220.htm
  HTML page:      https://secwatch.observer/filing/0001856314-25-000006

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