WEBTOON Entertainment Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits
$WBTN
Publishing
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 13, 2026, WEBTOON Entertainment Inc. (the “Company”) announced a number of executive leadership changes. In connection with the leadership transitions, effective April 10, 2026, Chankyu Park resigned from his position as Chief Technology Officer of the Company. Mr. Park will no longer serve as an executive officer of the Company within the meaning of the rules promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Mr. Park’s resignation is not the result of any disagreement with the Company or its Board of Directors on any matters relating to the Company’s operations, policies or practices. Mr. Park will remain with the Company through the end of May 2026 to facilitate the transition of duties and thereafter transition into an advisor role.
The Company also announced a title change for David J. Lee to better reflect his roles and responsibilities with the Company. Mr. Lee's title was changed from Chief Financial Officer and Chief Operating Officer to Chief Financial Officer. Effective April 10, 2026, Mr. Lee ceased serving as the Company's Chief Operating Officer. Mr. Lee will continue to serve as the Company's Chief Financial Officer and a member of the Board of Directors. In addition, effective April 1, 2026, Mr. Lee has been appointed as the President of Wattpad Corp., a wholly-owned subsidiary of the Company in Canada. Mr. Lee's title change is commensurate with his role with the Company. There were no material changes to the terms of Mr. Lee's compensation in connection with the title change.
Item 7.01 Regulation FD Disclosure
On April 13, 2026, the Company issued a press release announcing several leadership changes. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.
The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Description | ||||||||||
99.1 | |||||||||||
104 | 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.
| WEBTOON Entertainment Inc. | |||||||||||
| Date: | April 13, 2026 | By: | /s/ David J. Lee | ||||||||
| Name: | David J. Lee | ||||||||||
| Title: | Chief Financial Officer | ||||||||||