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Unity Software | 8-K: Collection of Recent Announcements

SEC · May 1, 2024 16:23

U -2.20%

Summary by Moomoo AI

Unity Software Inc. has announced the appointment of Matthew S. Bromberg as its new Chief Executive Officer and President, effective May 15, 2024. Bromberg, aged 57, will also join the company's board of directors as a Class III director, with his term extending until the 2026 annual meeting of stockholders. With a background as a Senior Advisor to Blackstone and board member of several companies including Bumble Inc. and Monzo, Bromberg brings extensive experience in the gaming industry, having held leadership roles at Zynga Inc. and Electronic Arts Inc. His appointment comes with a comprehensive compensation package, including a base salary, bonuses, and equity awards under the company's 2020 Equity Incentive Plan. Concurrently, Jim Whitehurst, the Interim CEO and President, will transition to Executive Chairman of the Board and Senior Advisor to the company from the same date. Roelof Botha will step down as Chairman to resume his role as Lead Independent Director. The company also reported amendments to its Non-Employee Director Compensation Policy and granted a retention equity award to CFO Luis Visoso. Unity is set to release its first-quarter financial results on May 9, 2024.

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