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): April 14, 2022
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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.
Item 8.01 Other Events.
As a result of two members of the Board of Directors (the “Board”) of Remitly Global, Inc. (the “Company”) deciding not to stand for re-election, the three classes of directors of the Company were not approximately the same size. To achieve similar sized classes, the Board determined that one of its members should be reclassified from Class III (with a term expiring at the Company’s 2024 Annual Meeting of Stockholders) to Class I (with a term expiring at the Company’s 2022 Annual Meeting of Stockholders). Accordingly, on April 14, 2022, Mr. Phillip Riese resigned from his current class seat and was immediately appointed to fill a vacancy as a Class I director, with a term ending in 2022. The resignation and reappointment of Mr. Riese was effected solely for the purpose of reclassifying the members of the Board into three classes of as equal size as possible, and for all other purposes, Mr. Riese’s service on the Board is deemed to have continued uninterrupted without any break in service.
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SIGNATURES
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 thereunto duly authorized.
| Remitly Global, Inc. | ||||||||
| Dated: April 18, 2022 | By: | /s/ Saema Somalya | ||||||
Saema Somalya | ||||||||
| General Counsel | ||||||||
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