Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 22, 2022, Etsy, Inc. ("Etsy" or the "Company") announced the
appointment of Raina Moskowitz, age 39, as Etsy's Chief Operating Officer,
effective March 22, 2022.
Ms. Moskowitz previously served as Etsy's Chief Operations, Strategy and People
Officer since August 2020. Prior to that, she served as Etsy's Senior Vice
President of People, Strategy and Services from April 2018. Before joining Etsy,
Ms. Moskowitz spent 13 years at the American Express Company, where she held
multiple leadership roles in product, strategy, operations, and marketing, most
recently, leading the U.S. Customer Marketing team. Ms. Moskowitz has served on
the board of directors of Sprout Social Inc. since December 2020.
Ms. Moskowitz' service as Etsy's Chief Operating Officer will continue to be
governed by a letter agreement, dated March 5, 2018, between Etsy and Ms.
Moskowitz. Pursuant to this letter agreement, Ms. Moskowitz receives a base
salary and is eligible to participate in the Company's employee benefit programs
and plans, including the Company's Management Cash Incentive Plan and the
Executive Severance Plan. As part of the annual review of the compensation of
Etsy's executive team, the Compensation Committee of Etsy's Board of Directors
recently approved an annual adjustment to Ms. Moskowitz' base salary and target
bonus consistent with those made for other executive officers of Etsy, and Ms.
Moskowitz was granted an annual equity award consistent with the grants to other
executive officers of Etsy. There were no other changes to Ms. Moskowitz'
employment arrangements as a result of her appointment as Chief Operating
Officer.
Ms. Moskowitz has no family relationships with any of the Company's directors or
executive officers, and she has no direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The foregoing description of Ms. Moskowitz' letter agreement does not purport to
be complete and is qualified in its entirety by reference to the full text of
the letter agreement, which was filed as Exhibit 10.1 to Etsy's Quarterly Report
on Form 10-Q filed with the Securities and Exchange Commission on May 7, 2020.
A copy of the press release announcing Ms. Moskowitz' appointment as Chief
Operating Officer has been filed as Exhibit 99.1 to this Current Report on Form
8-K and is incorporated herein by reference.
Item 8.01.
On March 22, 2022, Etsy also announced that Kimaria Seymour will be joining Etsy
as its Chief Human Resources Officer, with a start date on or about April 26,
2022. A copy of the press release announcing Ms. Seymour's appointment as Chief
Human Resources Officer has been filed as Exhibit 99.1 to this Current Report on
Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release issued by Etsy, Inc. on March 22, 2022
Cover Page Interactive Data File (embedded within the Inline XBRL
104 document)
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