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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):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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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).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
In connection with the successful execution of the previously disclosed April 2021 debt refinancing of WW International, Inc. (the “Company”), on March 15, 2022, the Compensation and Benefits Committee of the Company’s Board of Directors approved the grant to Amy O’Keefe, the Company’s Chief Financial Officer, of a discretionary, one-time cash bonus of $250,000 to be paid on or before April 15, 2022.
As part of the Company’s ongoing review of its overall approach to employee benefits, starting with respect to March 2022, the Company is suspending its monthly contributions to participants’ profit sharing accounts under the Company’s executive profit sharing plan, including the following named executive officer participants: Mindy Grossman, the Company’s President and Chief Executive Officer; Ms. O’Keefe; Nicholas P. Hotchkin, the Company’s Chief Operating Officer; Michael F. Colosi, the Company’s General Counsel and Secretary; and Michael Lysaght, the Company’s Chief Digital Officer.
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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.
| WW INTERNATIONAL, INC. | ||||||
| DATED: March 17, 2022 | By: | /s/ Michael F. Colosi | ||||
| Name: | Michael F. Colosi | |||||
| Title: | General Counsel and Secretary | |||||
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