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): May 2, 2023
GRINDR INC.
(Exact name of Registrant as Specified in its Charter)
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Delaware
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001-39714
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92-1079067
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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750 N. San Vicente Blvd., Suite RE 1400
West Hollywood, CA 90069
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (310)
776-6680
N/A
(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 Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on
which registered
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Common Stock, par value $0.0001 per share
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GRND
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The New York
Stock Exchange
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Warrants, each whole warrant exercisable for one share of Common
Stock at an exercise price of $11.50 per share
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GRND.WS
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The New York
Stock Exchange
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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.
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
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Equity Grants of Kye Chen as Chief Accounting Officer
As previously disclosed in a Current Report on Form 8-K filed on
March 29, 2023, Kye
Chen joined Grindr Inc. (the “Company”) as the Company’s Chief Accounting
Officer (“CAO”) on March 27, 2023 (the “CAO Start Date”). In
connection with Ms. Chen’s appointment, on May 2, 2023, the
Compensation Committee of the Board of Directors of the Company
(the “Compensation Committee”) approved an award under the
Company’s 2022 Equity Incentive Plan to Ms. Chen of restricted
stock units with respect to 135,000 shares of the Company’s common
stock (the “CAO Award”). The CAO Award will vest over a four year
period, with 25% vesting on the first anniversary of the CAO Start
Date and the remaining amount vesting in equal quarterly
installments over the following three years. Ms. Chen will also be
eligible to participate in the 2023 Bonus Plan (as defined
below).
Approval of 2023 Bonus Plan
On May 2, 2023, the Compensation Committee adopted a framework for
a 2023 incentive bonus plan (the “2023 Bonus Plan”), which contains
cash bonus targets applicable to certain employees and officers of
the Company, including its Chief Product Officer, Austin “AJ”
Balance. For participants in the 2023 Bonus Plan, bonus eligibility
and payouts will be based on the Company’s attainment of certain
financial objectives and individual performance.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly
authorized.
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GRINDR INC.
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Date: May 5, 2023
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By:
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/s/ Vandana
Mehta-Krantz
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Name:
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Vandana Mehta-Krantz
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Title:
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Chief Financial Officer
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