On October 31, 2017, Tony Florence resigned from the Board of Directors of Care.com, Inc. and from his service on the Board's compensation, audit and nominating and corporate governance committees, in each case effective immediately. On October 31, 2017, the Board elected Daniel Yoo as a director of the Company. Mr. Yoo has been designated as a Class II director and will serve on the Board until the Company’s 2018 Annual Meeting of Stockholders, or until his successor has been duly elected and qualified.
Care.com, Inc. is an online marketplace for finding and managing family care. The Company has over 31.7 million members, including 18.3 million families and over 13.4 million caregivers, spanning 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers. It also provides caregivers with solutions to create personal profiles, describe their skills and experience, and otherwise differentiate and market themselves in a fragmented marketplace. In addition to consumer matching solutions, the Company offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to certain of its products and services to employer-sponsored families. In addition, it serves care-related businesses, such as day care centers, nanny agencies and home care agencies, willing to market their services to its care-seeking families and recruit its caregiver members.