WW INTERNATIONAL, INC. shareholders approved Advisory vote to approve the Company's named executive officer compensation at the 2023-05-09 meeting.
“Advisory vote to approve the Company’s named executive officer compensation: Votes For Votes Against Abstentions Broker Non-Votes 42,694,602 1,478,295 58,590 14,092,644”
Shareholder Votes
WW INTERNATIONAL, INC. shareholders approved Ratification of the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal 2023 at the 2023-05-09 meeting.
“Ratification of the selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal 2023: Votes For Votes Against Abstentions Broker Non-Votes 57,414,469 762,218 147,444 N/A”
Shareholder Votes
WW INTERNATIONAL, INC. shareholders approved Election of two Class I directors for a term of three years expiring at the Company's 2026 annual meeting at the 2023-05-09 meeting.
“Election of two Class I directors for a term of three years expiring at the Company’s 2026 annual meeting of shareholders and until their successors have been duly elected and qualified or until the earlier of their resignation, removal, retirement, disqualification or death: Nominee Name Votes For Votes Withheld Broker Non-Votes Tracey D. Brown 43,652,442 579,045 14,092,644 Jennifer Dulski 43,253,613 977,874 14,092,644”
Heather Stark was appointed as Chief Financial Officer at WW INTERNATIONAL, INC..
“On May 1, 2023, WW International, Inc. (together with its subsidiaries, the “Company”) appointed Heather Stark as its Chief Financial Officer, effective May 4, 2023.”
Earnings Releases
WW INTERNATIONAL, INC. reported fiscal quarter ended April 1, 2023 results: revenue $241.9 million, net income ($118.7) million, EPS ($1.68). Guidance initiated.
“WW International, Inc. Announces First Quarter 2023 Results • End of Period Subscribers of 4.0 million • Revenues of $241.9 million • Operating Loss of $28.6 million; excluding the net impact of restructuring charges, adjusted operating loss of $5.9 million • Full Year Fiscal 2023 Guidance: ¡ Revenues are expected to be in the range of $910.0 million to $930.0 million”
Pierre-Olivier Latour was appointed as Chief Technology Officer at WW INTERNATIONAL, INC..
“with the expectation that he will assume the role of Chief Technology Officer of the Company effective upon Mr. Lysaght’s departure.”
Pierre-Olivier Latour was appointed as Head of Engineering at WW INTERNATIONAL, INC..
“The Company also announced it appointed Pierre-Olivier Latour as Head of Engineering of the Company effective April 17, 2023”
Michael Lysaght resigned as Chief Technology Officer at WW INTERNATIONAL, INC..
“On April 14, 2023, WW International, Inc. (the “Company”) announced that Michael Lysaght, Chief Technology Officer of the Company, would be leaving the Company on June 2, 2023 (the “Departure Date”).”
M&A Transactions
WW INTERNATIONAL, INC. completed an acquisition involving Weekend Health, Inc., doing business as Sequence for an aggregate amount equal to $132.0 million (closed 2023-04-10).
“Health continued as a wholly-owned subsidiary of the Company (the “Acquisition”). As consideration for the Acquisition, the Company agreed to pay an aggregate amount equal to $132.0 million, subject to the adjustments set forth in the Merger Agreement (the “Merger Consideration”). Subject to the terms and conditions of the Merger Agreement, the Merger Consideration”
Tracey D. Brown was appointed as Director at WW INTERNATIONAL, INC..
“the Board unanimously nominated Tracey D. Brown, a former member of the Board from February 2019 to January 2022, to stand for election as a Class I director of the Board at the 2023 Annual Meeting.”
Thilo Semmelbauer was appointed as Chairman of the Board at WW INTERNATIONAL, INC..
“The Board unanimously appointed Thilo Semmelbauer to serve as Chairman effective as of 12:01 a.m. the morning of the 2023 Annual Meeting.”
Jonas M. Fajgenbaum departed as Director at WW INTERNATIONAL, INC..
“Jonas M. Fajgenbaum each notified the Secretary of WW International, Inc. (the “Company”) that he would not be standing for re-election as a member of the Company’s Board of Directors (the “Board”) at the Company’s 2023 annual meeting of shareholders to be held on May 9, 2023 (the “2023 Annual Meeting”).”
Raymond Debbane resigned as Chairman of the Board at WW INTERNATIONAL, INC..
“Mr. Debbane also resigned from his role as Chairman of the Board (“Chairman”) effective as of the midnight prior to the 2023 Annual Meeting.”
Earnings Releases
WW INTERNATIONAL, INC. reported financial results for fourth quarter and full year fiscal 2022.
“On March 6, 2023, the Company issued a press release announcing its financial results for its fiscal quarter and fiscal year ended December 31, 2022.”
Material Agreements
WW INTERNATIONAL, INC. entered into Merger Agreement with Weekend Health, Inc. valued at $132.0 million (effective 2023-03-04).
“On March 4, 2023, WW International, Inc. (the “Company”), Well Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (“Merger Sub”), Weekend Health, Inc., a Delaware corporation (“Weekend Health”), and Fortis Advisors LLC, a Delaware limited liability company, solely in its capacity as the Equityholders’ Representative for Weekend Health, entered into an Agreement and Plan of Merger (the “Merger Agreement”).”
Restructurings & Charges
WW INTERNATIONAL, INC. announced a restructuring with charges of between $39.0 million to $46.0 million in the aggregate affecting global business operations.
“On January 30, 2023, the Company committed to a restructuring plan consisting of (i) an organizational restructuring and rationalization of certain functions and systems to centralize the Company’s management, align resources with strategic business lines and reduce costs associated with certain functions and systems (the “Organizational Restructuring”) and (ii) the continued rationalization of its real estate portfolio and resulting operating lease termination charges and the associated employment termination costs (the “Real Estate Restructuring,” and together with the Organizational Restructuring, the “2023 Restructuring Plan”). In connection with the 2023 Restructuring Plan, the Company anticipates recording restructuring charges which it currently estimates will range between $39.0 million to $46.0 million in the aggregate.”
Heather Stark was appointed as principal financial officer at WW INTERNATIONAL, INC..
“Effective December 2, 2022, the Company appointed, on an interim basis, Heather Stark, Head of Finance, North America for the Company, as principal financial officer of the Company.”
Amy O'Keefe departed as Chief Financial Officer at WW INTERNATIONAL, INC..
“Amy O’Keefe would be leaving her current position as Chief Financial Officer of the Company effective December 2, 2022”
Michael Lysaght changed role as Chief Technology Officer at WW INTERNATIONAL, INC..
“Michael Lysaght, Chief Digital Officer of the Company, who assumed the role of Chief Technology Officer of the Company on April 22, 2022”
Nicholas P. Hotchkin departed as Chief Operating Officer at WW INTERNATIONAL, INC..
“the elimination of the position of Chief Operating Officer and the departure from the Company of Nicholas P. Hotchkin, Chief Operating Officer, on April 22, 2022”
Mindy Grossman resigned as Director at WW INTERNATIONAL, INC..
“Ms. Sistani will fill the vacancy on the Company’s board of directors (the “Board”) following Mindy Grossman’s resignation from the Board, effective as of the Commencement Date.”
Sima Sistani was elected as Class III Director at WW INTERNATIONAL, INC..
“On February 23, 2022, WW International, Inc. (the “Company”) appointed Sima Sistani as Chief Executive Officer and elected her as a Class III director of the Company, effective March 21, 2022”
Sima Sistani was appointed as Chief Executive Officer at WW INTERNATIONAL, INC..
“On February 23, 2022, WW International, Inc. (the “Company”) appointed Sima Sistani as Chief Executive Officer and elected her as a Class III director of the Company, effective March 21, 2022”
Tracey D. Brown resigned as Director at WW INTERNATIONAL, INC..
“On December 21, 2021, Tracey D. Brown notified the Secretary of WW International, Inc. (the “Company”) of her resignation as a member of the Board of Directors of the Company (the “Board”), effective as of January 1, 2022 at 11:59 p.m.”
Gail B. Tifford departed as Chief Brand Officer at WW INTERNATIONAL, INC..
“Gail B. Tifford, Chief Brand Officer, will be leaving the Company effective as of September 10, 2021”
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.