Matthew Omer was appointed as Chief Financial Officer at BuzzFeed, Inc..
“On October 23, 2023, the Company appointed Matthew Omer, age 40, to succeed Ms. DellaFortuna as Chief Financial Officer as of November 6, 2023.”
BuzzFeed, Inc. — fact timeline
Source-grounded facts extracted from BuzzFeed, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Felicia DellaFortuna resigned as Chief Financial Officer at BuzzFeed, Inc..
“On October 23, 2023, Felicia DellaFortuna announced their intention to resign as Chief Financial Officer of BuzzFeed, Inc. (the “Company”), effective November 6, 2023, in order to accept a position outside of the Company.”
BuzzFeed, Inc. amended Third Amendment with White Oak Commercial Finance, LLC (effective 2023-09-26).
“On September 26, 2023, BuzzFeed, Inc. (the “Company”), BuzzFeed Media Enterprises, Inc., as administrative borrower, certain of the Company’s other domestic subsidiaries and foreign subsidiaries, as borrowers and/or guarantors, White Oak Commercial Finance, LLC, as administrative agent, and the other lenders from time to time party thereto, entered into the Third Amendment to the Amended and Restated Loan and Security Agreement (the “Third Amendment”)”
BuzzFeed, Inc. reported financial results for the second quarter ended June 30, 2023.
“issued a press release (the “Press Release”) announcing its financial results for the quarter ended June 30, 2023”
BuzzFeed, Inc. amended Second Amendment with White Oak Commercial Finance, LLC valued at up to $7,350,000 (effective 2023-06-29).
“On June 29, 2023, BuzzFeed, Inc. (the “Company”), BuzzFeed Media Enterprises, Inc., as administrative borrower, certain of the Company’s other domestic subsidiaries and foreign subsidiaries, as borrowers and/or guarantors, White Oak Commercial Finance, LLC, as administrative agent, and the other lenders from time to time party thereto, entered into the Second Amendment to the Amended and Restated Loan and Security Agreement (the “Second Amendment”) which amends the Amended and Restated Loan and Security Agreement dated December 3, 2021 (as amended, supplemented or otherwise modified from time to time prior to the Second Amendment, the “Loan Agreement”).”
BuzzFeed, Inc.: Amendment to certificate of incorporation to eliminate or limit monetary liability of certain officers for breach of fiduciary duty of care (effective 2023-06-02).
“the Company’s stockholders approved an amendment to the Company’s second amended and restated certificate of incorporation to eliminate or limit the monetary liability of certain of the Company’s officers for breach of the fiduciary duty of care”
BuzzFeed, Inc. shareholders approved Approval of Amendment to our Second Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers of the Company as Permitted by Recent Amendments to the DGCL at the 2023-05-31 meeting.
“the Company's stockholders approved an amendment to the Company's second amended and restated certificate of incorporation to eliminate or limit the monetary liability of certain of the Company's officers for breach of the fiduciary duty of care”
BuzzFeed, Inc. shareholders approved Election of Directors at the 2023-05-31 meeting.
“on May 31, 2023, the Company held its 2023 annual meeting of stockholders”
BuzzFeed, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).
“May 31, 2023, BuzzFeed, Inc. (the “ Company ”) received a letter (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that, for the previous 30 consecutive business days, the bid price for the Company’s common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Global Market under Nasdaq Listing Rule 5550(a)(2) (the “ Bid Price Requirement ”). The Notice has no effect at this time on the Company’s common stock or warrants, which continue to trade on The Nasdaq”
BuzzFeed, Inc. reported second quarter of 2023 results: revenue in the range of $76 to $81 million. Guidance initiated.
“Second Quarter 2023 Financial Outlook For the second quarter of 2023: ● We expect overall revenues in the range of $76 to $81 million ● We expect Adjusted EBITDA in the range of $0 to $4 million These statements are forward-looking and actual results may differ materially as a result of many factors.”
BuzzFeed, Inc. reported first quarter ended March 31, 2023 results: revenue $67.2 million, net income $36.3 million.
“First Quarter 2023 Financial and Operational Highlights ● BuzzFeed delivered Q1 revenues of $67.2 million, declining 27% compared to the first quarter of 2022 ○ Advertising revenue declined 30% year-over-year to $34.2 million ○ Content revenue declined 33% year-over-year to $21.6 million ○ Commerce and other revenues grew 6% year-over-year to $11.3 million ● Net loss was $36.3 million , compared to a net loss of $44.6 million in the first quarter of 2022”
BuzzFeed, Inc. updated its the quarter ended March 31, 2023 guidance (reaffirmed).
“The Company expects to announce revenue and Adjusted EBITDA for the quarter ended March 31, 2023 in line with the outlook provided on the Company's fourth quarter 2022 earnings conference call on March 13, 2023.”
BuzzFeed, Inc. announced a restructuring with charges of $7 million to $11 million (approximately 15 percent reduction in the current workforce).
“of providing, where required, WARN notice, and severance, including outplacement services and benefits continuation. We estimate that the foregoing charges will range between $7 million to $11 million, and we expect the charges will be recognized primarily in the second quarter of 2023, with the majority of such charges anticipated to be paid by the end of the”
Christian Baesler departed as Chief Operating Officer at BuzzFeed, Inc..
“Christian Baesler will be departing the Company, effective April 28, 2023, in order to pursue other opportunities outside of the Company.”
BuzzFeed, Inc.: Changed registered agent to The Corporation Trust Company and registered office to 1209 Orange Street, Wilmington, DE, amending Article II of the Second Amended and Restated Certificate of Incorporation (effective 2023-03-13).
“On March 13, 2023, BuzzFeed, Inc. (the “Company”), filed a Certificate of Change of Registered Agent and/or Registered Office (the “Certificate of Change”) with the Secretary of State of the State of Delaware to change the Company’s registered agent to The Corporation Trust Company and its registered office to Corporation Trust Center, 1209 Orange Street, County of New Castle, Wilmington, Delaware 19810.”
BuzzFeed, Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue $436.7 million, net income $201.3 million.
“defining the future of media.” Full-Year 2022 Financial and Operational Highlights 1 ● Including Complex Networks in the 2022 results, BuzzFeed delivered full year revenues of $436.7 million, growing 10% compared to 2021 ○ Advertising revenue, consisting of payments we receive from advertisers for ads distributed against our editorial and news content, including”
BuzzFeed, Inc. amended First Amendment to the Amended and Restated Loan and Security Agreement with White Oak Commercial Finance, LLC valued at Amends the Loan Agreement to extend maturity to December 30, 2025, replace LIBOR with SOFR Index Rat (effective 2022-12-15).
“On December 15, 2022, BuzzFeed, Inc. (the “ Company ”), BuzzFeed Media Enterprises, Inc., as administrative borrower, certain of the Company’s other domestic subsidiaries, as borrowers and/or guarantors, White Oak Commercial Finance, LLC, as administrative agent, and the other lenders from time to time party thereto, entered into the First Amendment to the Amended and Restated Loan and Security Agreement (the “ First Amendment ”), which amends the Amended and Restated Loan and Security Agreement dated December 3, 2021 (the “Loan Agreement”). The First Amendment amends the Loan Agreement to, among other things, (i) extend the maturity date of the Loan Agreement to December 30, 2025; (ii) replace the LIBOR Rate with the SOFR Index Rate; and (iii) provide for an early termination fee of between 0.5% and 2% of the maximum facility loan amount. The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by the full text of the First Amen”
BuzzFeed, Inc. reported Q4 2022 results: revenue $129 to $134 million. Guidance reaffirmed.
“For the fourth quarter of 2022: ● We expect overall revenues in the range of $129 to $134 million ● We expect Adjusted EBITDA in the range of $12.5 to $17.5 million”
BuzzFeed, Inc. announced a restructuring with charges of $8 million to $12 million (approximately twelve (12) percent reduction in the current workforce).
“of providing, where required, WARN notice; and severance, including outplacement services and benefits continuation. We estimate that the foregoing charges will range between $8 million to $12 million, and we expect that the charges will be recognized primarily in the fourth quarter of 2022, with the majority of such charges anticipated to be paid by the end of”
BuzzFeed, Inc. reported the fourth quarter of 2022 results: revenue $129 to $134 million. Guidance initiated.
“Fourth Quarter 2022 Financial Outlook For the fourth quarter of 2022: ● We expect overall revenues in the range of $129 to $134 million ● We expect Adjusted EBITDA in the range of $12.5 to $17.5 million ○ Additionally, we expect stock-based compensation expenses in the range of $3.5 to $4.5 million”
BuzzFeed, Inc. reported the quarter ended September 30, 2022 results: revenue $103.7 million, net income $27.0 million.
“● Including Complex Networks in the 2022 results, BuzzFeed increased Q3 revenues to $103.7 million, growing 15% compared to the third quarter of 2021”
David Arroyo was appointed as Chief Legal Officer and Corporate Secretary at BuzzFeed, Inc..
“On November 11, 2022, the Company further announced that David Arroyo would be appointed as Chief Legal Officer and Corporate Secretary of the Company to succeed Ms. Powell.”
Rhonda Powell resigned as Chief Legal Officer and Corporate Secretary at BuzzFeed, Inc..
“Rhonda Powell announced her intention to resign as Chief Legal Officer and Corporate Secretary of BuzzFeed, Inc. (the “Company”), effective January 2, 2023, in order to pursue other opportunities outside of the Company.”
Marcela Martin was appointed as President at BuzzFeed, Inc..
“On May 2, 2022, the board of directors (the “Board”) of BuzzFeed, Inc. (the “Company”) appointed Marcela Martin, age 50, as President of the Company.”
Christian Baesler was appointed as Chief Operating Officer at BuzzFeed, Inc..
“Effective January 6, 2022, the board of directors (the “Board”) of BuzzFeed, Inc. (the “Company”) appointed Christian Baesler, age 32, as Chief Operating Officer of the Company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.