Planet Labs PBC filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits
$PL
Radio And Television Broadcasting And Communications Equipment
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2024
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Item 2.02 Results of Operations and Financial Condition.
On March 28, 2024, Planet Labs PBC (the “Company”) issued a press release announcing its financial results for its fourth fiscal quarter and full year ended January 31, 2024. The Company announced that it will hold a conference call and webcast to discuss these results at 5:00 p.m. eastern time on March 28, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The information in this Item 2.02, including the information contained in Exhibit 99.1, of this Current Report on Form 8-K is furnished herewith and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 25, 2024, Kevin Weil, President, Product & Business of the Company informed the Company of his intention to resign from his role effective May 6, 2024. Mr. Weil's departure is not the result of any disagreement with the Company. The Company thanks Mr. Weil for his many contributions. Following the transition date, it is expected that Mr. Weil will continue as an advisor of the Company for a period of time and join the board of directors of Planet Labs Federal Inc., a subsidiary of the Company. The Company and Mr. Weil expect to enter into one or more advisory agreements setting forth the terms of the advisory roles. The Company intends to file an 8-K once such arrangements are finalized.
In addition, on March 27, 2024, the Board appointed Ashley Johnson, the Company’s current Chief Financial and Operating Officer, as the Company’s President and Chief Financial Officer. Ms. Johnson and Mr. Weil are working together to ensure an orderly transition.
The background and business experience of Ms. Johnson and information regarding any transactions between Ms. Johnson and the Company subject to disclosure under Item 404(a) of Regulation S-K are disclosed in the Company’s Proxy Statement for its 2023 annual meeting of stockholders, as filed with the Securities Exchange Commission on May 30, 2023. There are no arrangements or understandings between Ms. Johnson and any other persons pursuant to which she was appointed as President and Chief Financial Officer.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Exhibit Description | |||||||
| 99.1 | ||||||||
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Planet Labs PBC | |||||||||||
Date: March 28, 2024 | By: | /s/ Ashley Johnson | |||||||||
Ashley Johnson Chief Financial and Operating Officer | |||||||||||