01—Abstract
Summary
Summary of the 8-K filed January 7, 2026. Cited figures are marked; the original filing is the authoritative source.
SharkNinja, Inc. (NYSE: SN) reported in this Form 8-K that Jason Wortendyke was appointed to its Board of Directors effective January 5, 2026.
He will serve for a term expiring at the Company's 2026 annual general meeting, or until his earlier resignation or removal. He was also appointed to the Board's Compensation Committee. The filing states that the appointment is disclosed under Item 5.02 of Form 8-K.
The filing describes Mr. Wortendyke's compensation as consistent with the Company's other non-employee directors. He is eligible for an annual cash retainer of $152,000a for Board service and an additional annual cash retainer of $15,000 for Compensation Committee service. He also receives an annual grant of restricted stock units with a grant date fair market value of $181,342, which is prorated for his first year of service through the 2026 annual general meeting.
The RSUs vest in full on June 18, 2026, subject to continuous service. The Company will also enter into an indemnification agreement with him, requiring indemnification to the fullest extent permissible under Cayman Islands law. The filing states there is no arrangement or understanding under which Mr. Wortendyke was selected as a director, and no related party transactions subject to disclosure under Item 404(a) of Regulation S-K.
A press release dated January 7, 2026, announcing the appointment is filed as Exhibit 99.1. According to that release, Mr. Wortendyke is Managing Director and Head of Midwest Investment Banking at Cantor Fitzgerald and previously held senior roles at Citigroup, Credit Suisse, and UBS.
02—Key points
Key Highlights
- Jason Wortendyke joined SharkNinja's Board of Directors effective January 5, 2026, with a term expiring at the 2026 annual general meeting.
- Mr. Wortendyke was also appointed to the Board's Compensation Committee.
- Annual non-employee director compensation includes a $152,000 Board cash retainer and a $15,000 Compensation Committee cash retainer.
- He receives an annual RSU grant with a grant date fair market value of $181,342, prorated for his first year, vesting in full on June 18, 2026.
- The Company will enter into an indemnification agreement with him, covering indemnification to the fullest extent permissible under Cayman Islands law.
- The filing states there are no related party transactions requiring disclosure under Item 404(a) of Regulation S-K.
- Per the Exhibit 99.1 press release, Mr. Wortendyke brings over 25 years of strategic transaction and finance experience from Cantor Fitzgerald, Citigroup, Credit Suisse, and UBS.
03—Questions
Frequently Asked Questions
Who is the new SharkNinja director and what is his background?
Jason Wortendyke is Managing Director and Head of Midwest Investment Banking at Cantor Fitzgerald, according to the press release filed as Exhibit 99.1. The release states he has more than 25 years of experience leading strategic transactions across industrial, consumer, and services sectors and previously held senior roles at Citigroup, Credit Suisse, and UBS.
How long is Mr. Wortendyke's board term?
His term expires at the Company's 2026 annual general meeting, or earlier if he resigns or is removed.
What compensation will the new director receive?
He is eligible for a $152,000 annual Board cash retainer and a $15,000 annual cash retainer for Compensation Committee service. He will also receive an annual RSU grant with a grant date fair market value of $181,342, prorated for his first year, which vests in full on June 18, 2026, subject to continuous service.
Does the appointment involve any related party transactions or special arrangements?
The filing states there is no arrangement or understanding under which Mr. Wortendyke was selected as a director, and no related party transactions between the Company and him that are subject to disclosure under Item 404(a) of Regulation S-K.
Will the Company provide indemnification to the new director?
Yes. The Company will enter into an indemnification agreement with Mr. Wortendyke, as it does with all directors and executive officers. The agreement requires indemnification to the fullest extent permissible under Cayman Islands law.
04—Continue