As previously disclosed, on May 23, 2023, Tariq M. Shaukat, President of Bumble Inc. (the ?Company?), notified the Company of his decision to resign effective as of September 1, 2023. On August 22, 2023, the Company entered into a Transition Agreement (the ?Transition Agreement?) with Mr. Shaukat, pursuant to which Mr. Shaukat?s resignation will now become effective on August 28, 2023 (the ?Effective Date?) and the Company will retain Mr. Shaukat in an advisory role from the Effective Date through December 31, 2023 (the ?Advisory Period?). Other than certain accrued rights, Mr. Shaukat will not be entitled to any payment or benefits in connection with his resignation from the Company.
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- Bumble Inc. Announces Resignation of Tariq M. Shaukat as President, Effective on August 28, 2023