0001564590-21-008810.txt : 20210225 0001564590-21-008810.hdr.sgml : 20210225 20210225160522 ACCESSION NUMBER: 0001564590-21-008810 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20210222 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210225 DATE AS OF CHANGE: 20210225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SVMK Inc. CENTRAL INDEX KEY: 0001739936 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 800765058 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38664 FILM NUMBER: 21680219 BUSINESS ADDRESS: STREET 1: ONE CURIOSITY WAY CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 650-543-8400 MAIL ADDRESS: STREET 1: ONE CURIOSITY WAY CITY: SAN MATEO STATE: CA ZIP: 94403 8-K 1 svmk-8k_20210222.htm 8-K CFO DEPARTURE svmk-8k_20210222.htm
false 0001739936 0001739936 2021-02-22 2021-02-22

 

 

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)

February 22, 2021

 

SVMK Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

001-38664

80-0765058

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

One Curiosity Way

San Mateo, California 94403

(Address of principal executive offices) (Zip Code)

 

(650) 543-8400

(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:

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(s)

Name of each exchange on which registered

Common Stock, par value
$0.00001 per share

SVMK

The Nasdaq Stock Market LLC

(The Nasdaq Global Select Market)

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 February 22, 2021, Deborah L. Clifford, SVMK Inc.’s (“SurveyMonkey” or the “Company”) Chief Financial Officer, notified the Company she will be leaving SurveyMonkey effective March 5, 2021. Ms. Clifford’s departure is related to her pursuing another career opportunity and not a result of any disagreement with the Company regarding its operations or practices. Upon Ms. Clifford’s departure, Zander Lurie, the Company’s Chief Executive Officer, will serve as the Company’s interim Chief Financial Officer while the Company searches for her successor. Mr. Lurie will continue to serve as the Company’s Chief Executive Officer as well and will not receive any additional compensation for his services as interim Chief Financial Officer.

 

Item 7.01 Regulation FD Disclosures

The Company issued a press release dated February 25, 2021, regarding the events described in Item 5.02. A copy of the press release is furnished as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits

 

(d)

Exhibits

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press Release dated February 25, 2021.

104

 

Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).


 

SIGNATURE

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.

 

 

 

SVMK Inc.

 

 

 

 

Dated: February 25, 2021

 

By:

/S/    Lora D. Blum

 

 

 

Lora D. Blum

Chief Legal Officer and Secretary

 

EX-99.1 2 svmk-ex991_6.htm EX-99.1 svmk-ex991_6.htm

Exhibit 99.1

SurveyMonkey Announces Executive Change

CFO Debbie Clifford Departing Company; Company Reiterates Q1 and FY 2021 Guidance

 

SAN MATEO, Calif. — February 25, 2021 — SurveyMonkey (Nasdaq: SVMK), a leader in agile software solutions for customer experience, market research, and survey feedback, today announced that Debbie Clifford, chief financial officer, will be leaving the company in March to become the chief financial officer at Autodesk.

Zander Lurie, chief executive officer, will serve as interim chief financial officer until a permanent successor is named. SurveyMonkey has initiated a search process for a permanent CFO.

“We always say SurveyMonkey is a place where the curious come to grow. For Debbie, returning to Autodesk, where she worked for 13 years, feels like going home. For us, it’s an opportunity to see one of our executives continue to thrive as CFO of a Fortune 1000 company. On behalf of our board of directors and management team, I thank her for her hard work and contributions,” said Lurie. “We remain confident in our ability to execute, based on the strength of our strategy, products, and team.”

 

“I am honored to have been a part of the SurveyMonkey team and wish the company continued success,” said Clifford. “We’ve built great depth and breadth in the finance team to support the company as it continues to move up-market across all three of its pillars.”

 

Today, SurveyMonkey is reiterating the first quarter and full year 2021 guidance it provided on February 11, 2021, as part of its fourth quarter and full year 2020 financial results announcement.

 

About SurveyMonkey

SurveyMonkey is a leader in agile software solutions for customer experience, market research, and survey feedback. The company’s platform empowers more than 20 million active users to analyze and act on feedback from employees, customers, website and app users, and market research respondents. SurveyMonkey’s products, enterprise solutions, and integrations enable more than 345,000 organizations to deliver better customer experiences, increase employee retention​, and unlock growth and innovation. Ultimately, SurveyMonkey's vision is to raise the bar for human experiences by amplifying individual voices.

 

Safe Harbor Statement

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release may contain forward-looking statements about our business and financial outlook. The achievement of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, the company’s results could differ materially from the results expressed or implied by the forward-looking statements the company makes.


The risks and uncertainties referred to above include - but are not limited to - risks related to the COVID-19 coronavirus pandemic; our ability to retain and upgrade customers; our revenue growth rate; our brand; our marketing strategies; our self-serve business model; the length of our sales cycles; the growth and development of our salesforce; security measures; expectations regarding our ability to timely and effectively scale and adapt existing technology and network infrastructure to ensure that our products and services are accessible at all times; competition; our debt; revenue recognition; our ability to manage our growth; our culture and talent; our data centers; privacy, security and data transfer concerns, as well as changes in regulations, which could impact our ability to serve our customers or curtail our monetization efforts; litigation and regulatory issues; expectations regarding the return on our strategic investments; execution of our plans and strategies, including with respect to mobile products and features and expansion into new areas and businesses; our international operations; intellectual property; the application of U.S. and international tax laws on our tax structure and any changes to such tax laws; acquisitions we have made or may make in the future; the price volatility of our common stock; and general economic conditions.

Further information on these and other factors that could affect our financial results are included in documents filed with the Securities and Exchange Commission from time to time, including the section entitled “Risk Factors” in the Annual Report on Form 10-K filed for the year ended December 31, 2020, which should be read in conjunction with these financial results. These documents are available on the SEC Filings section of our Investor Relations website page at investor.surveymonkey.com. All information provided in this release is as of February 25, 2021, and we undertake no obligation to update this information.

 

 

Investor Relations Contact:

Gary J. Fuges, CFA

investors@surveymonkey.com

 

Media Contact:

Sandra Gharib

pr@surveymonkey.com

 

Source: SVMK Inc.

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