01—Abstract
Summary
Summary of the 8-K filed May 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Block, Inc. (XYZ) filed this Current Report on Form 8-K on May 4, 2026, to disclose a senior finance leadership appointment under Item 5.02.
On April 30, 2026, the Board of Directors appointed Andrea Acosta as Chief Accounting Officer (principal accounting officer), effective May 26, 2026. She will succeed Amrita Ahuja, who has been serving as interim principal accounting officer; Ms. Ahuja will continue as Chief Financial Officer and Chief Operating Officer and Ms. Acosta will report to her. Acosta, age 47, most recently served as Chief Accounting Officer of Pinterest, Inc. since February 2022.
Her prior experience includes roles as Global Controller and Chief Accounting Officer at BioMarin Pharmaceutical Inc. (July 2020 to February 2022), and about a decade at Levi Strauss & Co. (August 2007 to June 2017, ending as Vice President, Global Controller and Principal Accounting Officer), preceded by audit work at KPMG LLP from 2003 to 2007. Compensation under her offer letter includes an annual base salary of $550,000,a a one-time sign-on cash bonus of $250,000 subject to repayment if she voluntarily leaves within two years, and a restricted stock unit award with an aggregate grant date value of $8.0 million under the 2025 Equity Incentive Plan, vesting over four years subject generally to continued employment. The filing states there are no family relationships or undisclosable related-person transactions involving her.
02—Key points
Key Highlights
- Andrea Acosta appointed Chief Accounting Officer (principal accounting officer) by the Board on April 30, 2026, effective May 26, 2026
- Succeeds Amrita Ahuja, who has been interim principal accounting officer; Ahuja remains CFO and COO
- Acosta most recently served as Chief Accounting Officer of Pinterest, Inc. since February 2022
- Prior roles include Chief Accounting Officer at BioMarin Pharmaceutical Inc. and Vice President, Global Controller and Principal Accounting Officer at Levi Strauss & Co.
- Annual base salary of $550,000 plus a one-time $250,000 sign-on cash bonus, repayable if she resigns voluntarily within two years
- Restricted stock unit award with an aggregate grant date value of $8.0 million under the 2025 Equity Incentive Plan, vesting over four years
- Filing states the company has a distributed work model with no formal headquarters; the listed address is its principal executive office for SEC purposes
03—Questions
Frequently Asked Questions
Who is the new Chief Accounting Officer and when does she take over?
Andrea Acosta, age 47, was appointed by the Board on April 30, 2026, and her appointment as Chief Accounting Officer (principal accounting officer) is effective May 26, 2026.
Who is currently handling principal accounting officer duties and what happens to that role?
Amrita Ahuja has been serving as interim principal accounting officer. Upon Acosta's effective date she assumes those responsibilities from Ahuja, who will continue as Chief Financial Officer and Chief Operating Officer.
What compensation is Ms. Acosta receiving?
Her offer letter provides an annual base salary of $550,000, a one-time sign-on cash bonus of $250,000 (subject to reimbursement if she voluntarily terminates within two years of her start date), and a restricted stock unit award with an aggregate grant date value of $8.0 million under the 2025 Equity Incentive Plan, vesting over four years subject generally to continued employment.
What is Ms. Acosta's professional background?
She most recently served as Chief Accounting Officer of Pinterest, Inc. since February 2022. Previously she was Global Controller and Chief Accounting Officer at BioMarin Pharmaceutical Inc. (2020 to 2022), held finance roles at Levi Strauss & Co. from 2007 to 2017 including Vice President, Global Controller and Principal Accounting Officer, and worked in KPMG LLP's audit practice from 2003 to 2007. She holds a B.S. in Accounting from San Francisco State University.
Are there any related-party or family relationships that investors should be aware of?
The filing states there are no family relationships between Ms. Acosta and any director or officer, no arrangement or understanding under which she was appointed, and no direct or indirect material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.
04—Continue