Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 16, 2021, Yilu Zhao notified Angi Inc. (the "Company" or the
"Registrant") of her decision to resign from the Company's board of directors
and Audit Committee, effective upon the effective appointment of her successor
to the Company's board of directors and Audit Committee. Ms. Zhao's decision to
step down from these roles was not the result of any disagreement with the
Company or the Company's board of directors regarding any matters relating to
the Company's operations, policies or practices.
On November 18, 2021, Sandra Buchanan Hurse was appointed (effective November
19, 2021) to the Company's board of directors and appointed to the Executive
Compensation and Compensation Committees. Ms. Hurse, age 56, has served as
Managing Director, Chief Human Resources Officer of GCM Grosvenor, a leading
global alternative asset firm, since May 2018. In this role, Ms. Hurse is
responsible for overseeing GCM Grosvenor's global human resources function,
together with its office and real estate services. In addition to her role as
Chief Human Resources Officer, Ms. Hurse serves as a member of GCM Grosvenor's
Office of the Chairman, as well as a member of the firm's Environmental, Social
and Governance and Diversity, Equity and Inclusion committees. Prior to her
tenure at GCM Grosvenor, Ms. Hurse held various positions at Bank of America
from 2013 and 2018, most recently serving as the Global Head of Human Resources
for Corporate and Investment Banking. Prior to her tenure at Bank of America,
Mr. Hurse held leadership roles in Talent Management and Talent Acquisition at
Goldman Sachs & Co. from 2006 to 2013 and JP Morgan Chase & Co. from 1998 to
2006. In her not-for-profit affiliations, Ms. Hurse serves as a member of the
board and the Human Resources Committee of The Harlem School of Arts, a member
of the Council for Urban Professionals and as co-chair of its Nominating
Committee and a member of the board and Finance Committee of the Thurgood
Marshall College Fund. Mr. Hurse received a B.B.A in Finance and Sociology from
Bernard M. Baruch College and a M.B.A in Marketing from the University of
Michigan.
On November 18, 2021, Jeremy G. Philips was appointed (effective November 19,
2021) to the Company's board of directors and appointed to the Audit Committee.
Mr. Philips, age 49, has been a general partner of Spark Capital, a venture
capital firm responsible for early stage funding of technology startups, since
May 2014. From January 2012 until May 2014, Mr. Philips invested in various
private technology companies. From June 2010 to January 2012, Mr. Philips served
as the Chief Executive Officer of Photon Group Limited, a holding company listed
on the Australian Securities Exchange. From July 2004 to March 2010, Mr. Philips
held various positions of increasing responsibility with News Corporation, most
recently serving as an Executive Vice President in the Office of the Chairman.
Prior to his tenure ay News Corporation, among other roles, Mr. Philips
co-founded and served a Vice-Chairman of ecorp, a publicly traded Internet
holding company. Mr. Philips serves on the boards of directors of Affirm
Holdings, Inc., a publicly traded online payment platform based on trust,
transparency and putting people first, and TripAdvisor, Inc., a publicly traded
online travel research company, as well as several private Internet companies.
Mr. Philips also serves as an adjunct professor at Columbia Business School and
holds a B.A. and LL.B. from the University of New South Wales and an MPA from
the Harvard Kennedy School of Government.
A description of the compensation payable to Ms. Hurse and Mr. Philips for their
services as members of the Company's board of directors, to Ms. Hurse for her
services as a member of the Executive Compensation and Compensation Committees,
and to Mr. Philips for his services as a member of the Audit Committee, is set
forth under the caption "Director Compensation" in the Company's definitive
proxy statement, dated as of April 27, 2021, which was filed with the U.S.
Securities and Exchange Commission on April 27, 2021 and is incorporated by
reference herein.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release of Angi Inc., dated November 18, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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