Vivid Seats Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 2.02. Results of Operations and Financial Condition.
On August 6, 2024, Vivid Seats Inc. (the “Company”) issued a press release providing financial results for the second quarter ended June 30, 2024, a copy of which is attached as Exhibit 99.1 hereto.
The information set forth under this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 1, 2024, the Company’s Board of Directors (the “Board”) elected Adam Stewart as a director, contingent and effective immediately upon the resignation of a to-be-determined director that is expected to occur no later than November 3, 2024 in connection with the Company’s phased-in compliance with the rules of the Nasdaq Stock Market LLC (the “Nasdaq Rules”) applicable to a former “controlled company” (as defined in the Nasdaq Rules). Mr. Stewart will serve as a member of the class of directors of such resigning director. The Board expects Mr. Stewart to serve on its Nominating and Corporate Governance Committee upon the effectiveness of his election.
The Board has determined that Mr. Stewart qualifies as an “Independent Director” (as defined in the Nasdaq Rules). Upon the effectiveness of Mr. Stewart’s election, a majority of the Board will be comprised of Independent Directors.
Mr. Stewart was designated as a director by Hoya Topco, LLC pursuant to the Stockholders’ Agreement, dated October 18, 2021, among the Company, Hoya Topco, LLC and Hoya Sponsor, LLC. There are no transactions involving Mr. Stewart and the Company that would be required to be disclosed under Item 404(a) of Regulation S-K.
Mr. Stewart will receive compensation consistent with that received by the Company’s other non-employee directors, as described in the Company’s definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 24, 2024.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Description |
99.1 |
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Press release issued by Vivid Seats Inc., dated August 6, 2024 |
104 |
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Cover Page Interactive Data File (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 hereunto duly authorized.
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Vivid Seats Inc. |
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Date: |
August 6, 2024 |
By: |
/s/ Lawrence Fey |
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Lawrence Fey |