8-KLeadership ChangesShareholder Matters

Affirm Holdings, Inc. 8-K Report, Executive Changes (Dec 9, 2022)

Filed December 9, 2022For Securities:AFRM

Summary

Affirm Holdings, Inc. (AFRM) filed an 8-K on December 9, 2022, primarily announcing the appointment of Libor Michalek as the Company's President, effective immediately. Mr. Michalek was previously the President of Technology, Risk and Operations and a Board member, bringing extensive experience from technology leadership roles at Google/YouTube and prior startups. His compensation remains unchanged with this appointment, and there are no undisclosed related-party transactions. The filing also provides the results of Affirm's 2022 Annual Meeting of Stockholders held on December 5, 2022. Key outcomes include the election of three Class II directors—Jenny J. Ming, Christa S. Quarles, and Keith Rabois—each to serve until the 2025 annual meeting. Additionally, the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2023, was ratified by the stockholders. A significant majority of voting power was represented at the meeting, indicating strong stockholder participation.

Key Highlights

  • 1Libor Michalek appointed as President of Affirm Holdings, Inc., effective immediately.
  • 2Mr. Michalek's extensive background in technology leadership roles at Google/YouTube and previous executive experience strengthens Affirm's operational and technological leadership.
  • 3No change in Mr. Michalek's compensation associated with his new role as President.
  • 4All three Class II director nominees (Jenny J. Ming, Christa S. Quarles, Keith Rabois) were duly elected to serve until the 2025 annual meeting.
  • 5Stockholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for FY2023.
  • 6A substantial quorum of 76.2% of the combined voting power was present at the 2022 Annual Meeting.
  • 7No related-party transactions requiring disclosure were noted concerning Mr. Michalek's appointment.

Frequently Asked Questions

Libor Michalek has been appointed as the new President of Affirm Holdings, Inc., effective immediately as of December 9, 2022.

Libor Michalek has a strong technology and operations background. He previously served as Affirm's President of Technology, Risk and Operations and was a Board member. His prior experience includes leadership roles as an Engineering Director at YouTube and Google, and CTO of Slide, which was acquired by Google.

No, Mr. Michalek's compensation will not change as a result of his appointment as President. His compensation was previously disclosed in the Company's proxy statement filed on October 21, 2022.

The key outcomes were the election of three Class II directors (Jenny J. Ming, Christa S. Quarles, and Keith Rabois) and the ratification of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending June 30, 2023.