Sezzle Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits
$SEZL
Business Services
Consumer Discretionary
| UNITED STATES | ||||||||
| SECURITIES AND EXCHANGE COMMISSION | ||||||||
| WASHINGTON, D.C. 20549 | ||||||||
FORM | ||||||||
| CURRENT REPORT | ||||||||
| Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||||||||
Date of Report (Date of earliest event reported): April 1, 2024
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Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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EXPLANATORY NOTE
This Current Report on Form 8-K discloses grants of certain equity incentive awards to the executive officers of Sezzle Inc. (the “Company”) on April 1, 2024. Each recipient previously reported the award on a Form 4 filed with the U.S. Securities and Exchange Commission within two business days of the grant date.
Item 7.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 1, 2024, the Company issued the following equity incentive awards to its executive officers from the Company’s 2021 Equity Incentive Plan:
Karen Hartje, the Company’s Chief Financial Officer, received 10,000 restricted stock units with a four-year vesting period. 25% of the award vests on April 1, 2025, and 6.25% of the award vests each quarter thereafter.
Justin Krause, the Company’s SVP Finance and Controller, received 4,500 restricted stock units with a four-year vesting period. 25% of the award vests on April 1, 2025, and 6.25% of the award vests each quarter thereafter.
Paul Paradis, the Company’s President and a director of the Company, received 10,000 restricted stock units with a four-year vesting period. 25% of the award vests on April 1, 2025, and 6.25% of the award vests each quarter thereafter.
Amin Sabzivand, the Company’s Chief Operating Officer, received 25,000 restricted stock units with a four-year vesting period. 25% of the award vests on April 1, 2025, and 6.25% of the award vests each quarter thereafter.
Charles Youakim, the Company’s Executive Chairman and Chief Executive Officer, received an option to acquire 10,803 shares of the Company’s common stock at an exercise price of $68.26 per share. 25% of the award vests on April 1, 2025, and 6.25% of the award vests each quarter thereafter. The option expires on April 1, 2034, the ten-year anniversary of the issuance date.
Each award fully vests upon (i) the consummation of a change of control of the Company, at such time and on such conditions as the Company shall determine, (ii) termination of the recipient’s employment without cause or (iii) the resignation by recipient of employment for “good reason,” as defined in the subject award agreement, in connection with or following the consummation of a change of control of the Company.
The foregoing descriptions of the equity incentive awards are summaries only, and the awards are subject to the terms of the Company’s option and restricted stock unit agreements, as applicable, respectively attached as Exhibits 10.1 and 10.2 of this report, which are incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 10.2 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
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 hereunto duly authorized.
| SEZZLE INC. | ||||||||
| Dated: February 6, 2024 | By: | /s/ Charles Youakim | ||||||
| Charles Youakim | ||||||||
| Chief Executive Officer | ||||||||