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Share Name | Share Symbol | Market | Type |
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Sonos Inc | NASDAQ:SONO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.58 | 16.31 | 16.50 | 23 | 12:01:53 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
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(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):
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) |
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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 |
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 12, 2024, the board of directors (the “Board”) of Sonos, Inc. (“Sonos” or the "Company") increased the size of the Board from seven to eight members and appointed Bracken Darrell as a new member, effective immediately. Mr. Darrell was appointed as a Class I director for a term expiring at the 2025 Annual Meeting of Stockholders or until his successor is duly elected or qualified. Mr. Darrell has not been appointed to any committees of the Board at this time.
There is no arrangement or understanding between Mr. Darrell and any other person pursuant to which he was appointed as a director. There are no transactions in which Mr. Darrell has an interest requiring disclosure under Item 404(a) of Regulation S-K. The Board affirmatively determined that Mr. Darrell is independent within the meaning of Nasdaq Listing Standards.
Mr. Darrell will receive the standard compensation available to the Company’s non-employee directors, which is discussed in the Company’s Proxy Statement filed with the Securities and Exchange Commission on January 29, 2024. The Company will also enter into its standard form of indemnification agreement with Mr. Darrell.
Item 7.01 Regulation FD Disclosure.
On February 13, 2024, Sonos issued a press release announcing the appointment of Mr. Darrell. A copy of the press release is furnished hereto as Exhibit 99.1 and is incorporated herein by reference.
The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
Description |
99.1 |
Press release dated February 13, 2024 announcing the appointment of Mr. Darrell. |
104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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 hereunto duly authorized.
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SONOS, INC. |
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Date: February 13, 2024 |
By: |
/s/ Eddie Lazarus |
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Eddie Lazarus Chief Legal and Strategy Officer |
Exhibit 99.1
Sonos Appoints Bracken Darrell to Board of Directors
Bracken’s appointment bolster Sonos’ Board of world-class leaders
SANTA BARBARA, Calif. -- Feb. 13, 2024 -- Sonos, Inc. (Nasdaq: SONO) today announced the appointment of Bracken Darrell, President and CEO of VF Corporation, to its Board, effective Feb. 12, 2024.
“With Bracken’s excellent track record leading world-class product companies and his deep experience in our space, we are delighted to welcome him to the Board. We’re excited about the value he can add as Sonos continues its journey to become the world’s leading sound experience company,” said Julius Genachowski, Chair of the Sonos Board.
Bracken has a long history and proven experience in business leadership, product innovation, and brand management roles. Prior to joining VF Corporation, Bracken spent more than 10 years as President and CEO of Logitech International. Through prioritizing product innovation and design as key pillars of the company’s strategy, he drove expansion into more than 20 new product categories, more than doubled revenue and achieved a tenfold increase in market capitalization. Prior to Logitech he held leadership roles at blue-chip companies such as Procter & Gamble, Whirlpool Corporation and General Electric.
“As a huge fan of great design and great performance I could not be more excited to join Sonos. I’ve admired Sonos for years and I’ve loved their products and experiences for a long time. I can’t wait to help support the company in its path to growth and larger scale,” said Bracken Darrell.
About Sonos
Sonos (Nasdaq: SONO) is one of the world’s leading sound experience brands. As the inventor of multi-room wireless home audio, Sonos innovation helps the world listen better by giving people access to the content they love and allowing them to control it however and wherever they choose. Known for delivering an unparalleled sound experience, thoughtful design aesthetic, simplicity of use, and an open platform, Sonos makes the breadth of audio content available to anyone. Sonos is headquartered in Santa Barbara, California. Learn more at www.sonos.com.
Investor Contact
James Baglanis
IR@sonos.com
Media Contact
Erin Pategas
PR@sonos.com
Source: Sonos
Document And Entity Information |
Feb. 12, 2024 |
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Cover [Abstract] | |
Document Type | 8-K |
Document Period End Date | Feb. 12, 2024 |
Entity Registrant Name | SONOS, INC. |
Entity Incorporation, State or Country Code | DE |
Securities Act File Number | 001-38603 |
Entity Tax Identification Number | 03-0479476 |
Entity Address, Address Line One | 614 Chapala Street |
Entity Address, City or Town | Santa Barbara |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 93101 |
City Area Code | 805 |
Local Phone Number | 965-3001 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | SONO |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Entity Central Index Key | 0001314727 |
Amendment Flag | false |
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