UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 19, 2022
(Exact name of Registrant as Specified in Its Charter)
Commission file number: 001-38291
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||
(Address of principal executive offices and zip code)
(415 ) 882-7765
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instructions A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||||||||
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.
On December 19, 2022, the Board of Directors (the “Board”) of Stitch Fix, Inc. (the “Company”) appointed Kofi Amoo-Gottfried to the Board as a Class II director and as a member of the Nominating and Corporate Governance Committee of the Board effective December 19, 2022.
Mr. Amoo-Gottfried is the Chief Marketing Officer of DoorDash, Inc. Prior to this role, Mr. Amoo-Gottfried held various senior positions in brand and marketing at Meta and Bacardi.
There is no arrangement or understanding between Mr. Amoo-Gottfried and any other persons pursuant to which Mr. Amoo-Gottfried was appointed as a director. Furthermore, there are no family relationships between Mr. Amoo-Gottfried and any director or executive officer of the Company. Mr. Amoo-Gottfried has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Amoo-Gottfried will receive the Company’s standard remuneration for non-employee directors in accordance with the Company’s Independent Director Compensation Policy as well as the Company’s standard form of indemnification agreement.
A copy of the press release announcing Mr. Amoo-Gottfried’s appointment is furnished as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | 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, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Stitch Fix, Inc. | ||||||||||||||
| Dated: December 20, 2022 | By: | /s/ Casey O’Connor | ||||||||||||
| Casey O’Connor | ||||||||||||||
| Chief Legal Officer | ||||||||||||||
Exhibit 99.1
Stitch Fix Adds Kofi Amoo-Gottfried, CMO of DoorDash to Board of Directors
San Francisco, Calif. (Dec 19, 2022) - Stitch Fix Inc. (NASDAQ: SFIX), the leading online personal styling service, announced that Kofi Amoo-Gottfried, Chief Marketing Officer of DoorDash, Inc., has joined Stitch Fix’s Board of Directors, effective immediately.
Prior to DoorDash, Amoo-Gottfried held various senior positions in brand and marketing at Meta and Bacardi. He also brings more than a decade of advertising experience from Leo Burnett and Wieden + Kennedy with brands such as Kellogg’s, Coca Cola and Nike.
“We are pleased to welcome Kofi to our Board of Directors,” said Elizabeth Spaulding, CEO of Stitch Fix. “We are excited for the deep customer, marketing channel and brand expertise that Kofi will provide as we continue to execute on our strategy to evolve Stitch Fix into the global destination for personalized shopping, styling and inspiration.”
“Stitch Fix’s mission of changing the way you get dressed so you can show up to the world as your most confident self really resonates with me. With its unique combination of expert stylists and advanced data science, Stitch Fix is well placed to capitalize on the appetite of consumers for experiences and expertise that help them discover the perfect items and outfits they wouldn’t have found by themselves.'' said Amoo-Gottfried. “I’m looking forward to working with the Stitch Fix team.”
Amoo-Gottfried is the ninth member of Stitch Fix’s Board of Directors, which is made up of a majority of people from communities that are traditionally underrepresented in tech and/or retail or board leadership: women, of color, and/or LGBTQIA+. Board members include: Steve Anderson, founder of Baseline Ventures; Bill Gurley, general partner of Benchmark Capital; Sharon McCollam, CFO of Albertson’s, Inc.; Liz Williams, President and CFO of Foxtrot; Mikkel Svane, founder and former CEO, Zendesk; Neal Mohan, Chief Product Officer of YouTube; Stitch Fix founder and Chairperson of the Board, Katrina Lake; and Stitch Fix CEO, Elizabeth Spaulding.
About Stitch Fix, Inc.
Stitch Fix combines the human touch of expert stylists with the precision of advanced data science to make online personal styling accessible to everyone. Stitch Fix helps millions of clients across the United States and United Kingdom find clothing and accessories they love through a unique model that can extend far beyond the closet to define the future of shopping. For more, visit https://www.stitchfix.com.
About Kofi Amoo-Gottfried
Kofi is the Chief Marketing Officer at Doordash, responsible for driving growth and engagement across all three sides of the marketplace. Prior to Doordash, Kofi was VP of Brand & Consumer Marketing at Meta, having previously served as the company's Head of Consumer Marketing for internet.org. Before Meta, Kofi was Chief Strategy Officer at FCB New York. He joined FCB from Bacardi Global Brands, where he was the Global Communications Director for the Rum category and the architect for the reinvention of the Bacardi brand.
As the Founder and Managing Director of Publicis West Africa, Kofi created and launched the first majority-owned network agency on the African continent. And as the Senior Strategic Planner on Nike at Wieden+Kennedy, Kofi crafted the strategy for Nike’s global Beijing Olympics campaign. He began his career at Leo Burnett Chicago & Leo Burnett London - working on Kellogg's, Coca Cola, and Global Giving.
Exhibit 99.1
In 2014, Kofi was named to Ad Age’s “40 under 40” list of young marketing stars. In September 2017, Kofi won ADCOLOR’s “Rockstar” Award. In 2020, Kofi was named to Business Insider's list of "25 CMO's To Watch" and honored with AdWeek's "Brand Genius" award. In 2021, Kofi was a recipient of AdWeek’s CMO award. And in 2022, Kofi was honored as one of Campaign Magazine’s “CMO 50”, and recognized as one of Business Insider’s “Most Innovative CMOs”.
Kofi has a BA in Economics and International Studies from Macalester College. He serves on the Board of Trustees for Macalester College; on the Board of Vital Farms - a Certified B Corporation that brings ethical food to the table to improve the lives of people, animals, and the planet; and as a Venture Advisor to Listen Ventures. Kofi lives in South Orange, NJ with his college-sweetheart-turned-wife Kate, and their rambunctious young sons Marlowe and Miles.