Grindr Inc.
06/05/2026 | Press release | Distributed by Public on 06/05/2026 14:27
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 2, 2026, Grindr Inc. (the "Company") held its 2026 annual meeting of stockholders. As disclosed on the Company's Current Report on Form 8-K filed on June 4, 2026, the Company's stockholders approved the amendment and restatement of the Grindr Inc. 2022 Equity Incentive Plan (the "A&R Plan"). Among other changes, the A&R Plan (i) increases the aggregate number of shares of the Company's common stock that may be issued under the A&R Plan by 11,600,000 shares, (ii) introduces a requirement for stockholder approval for repricing of outstanding stock options and stock appreciation rights and the cancellation of underwater awards in exchange for cash or other stock awards, and (iii) provides that any dividends or dividend equivalents with respect to the unvested portion of any award shall be accumulated and shall not be paid or distributed until, and shall be subject to the same vesting conditions as, the underlying award to which they relate, and shall be forfeited to the extent the underlying award is forfeited.
A more detailed description of the material terms of the A&R Plan was included in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on April 30, 2026 (the "Proxy Statement"). The foregoing description and the summary in the Proxy Statement are not complete summaries of the terms of the A&R Plan and are qualified by reference to the text of the A&R Plan, which is included as Exhibit 10.1 hereto and is incorporated by reference herein.
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