New Facebook director and WhatsApp co-founder and CEO Jan Koum filed a Form 4 with the Securities and Exchange Commission Monday detailing Facebook stock he received as part of the closing of Facebook’s acquisition of WhatsApp.
Board of Directors
With Facebook’s $19 billion acquisition of cross-platform messaging application WhatsApp now completed following European Commission approval last week, WhatsApp co-founder and CEO Jan Koum and co-founder and vice president Brian Acton were on the receiving end of financial rewards announced by Facebook Monday.
Facebook Chief Technology Officer Mike Schroepfer, Chief Product Officer Chris Cox, and Directors Marc Andreessen, Susan Desmond-Hellmann, Erskine Bowles, Donald Graham, Reed Hastings, and Peter Thiel revealed their activities with Facebook restricted stock units and shares in Form 4 filings Tuesday with the Securities and Exchange Commission.
Much has been made recently over the fact that while Facebook users can set their friends lists to “Only Me” within their privacy settings, a slight loophole exists: If a user’s friend has their friends list set to public, all of their friends will appear when viewing their mutual friends, thereby “outing” that user, despite the “Only Me” setting. Mashable went one step further, piecing together some of the friends list of none other than Facebook Co-Founder and CEO Mark Zuckerberg.
One Facebook shareholder is not happy with the company’s compensation policy when it comes to its board of directors, and the result, according to Bloomberg, was a lawsuit filed in Delaware Chancery Court.
Facebook filed a Form 8-K with the Securities and Exchange Commission last Friday, detailing the final voting tallies from its annual meeting last Thursday at the Sofitel San Francisco Bay in Redwood City, Calif.
The Rev. Jesse Jackson urged Facebook to include minorities on its board of directors in a brief speech prior to the question-and-answer session at the company’s annual meeting Thursday at the Sofitel San Francisco Bay in Redwood City, Calif.
It was a clean sweep in favor of Facebook when the votes were tallied at its 2014 annual meeting Thursday at the Sofitel San Francisco Bay in Redwood City, Calif., as shareholders followed the company’s recommendations on every measure that was voted upon.
A host of Facebook officers and directors submitted Form 4 filings to the Securities and Exchange Commission Monday detailing their exercising of restricted stock units and sales of class-A common shares in the company: Chief Operating Officer Sheryl Sandberg, Vice President of Business and Marketing Partnerships David Fischer, outgoing Chief Financial Officer David Ebersman, Chief Product Officer Chris Cox, Chief Technology Officer Mike Schroepfer, VP and General Counsel Colin Stretch, Director Susan Desmond-Hellmann, Chief Accounting Officer Jas Athwal, and Directors Donald Graham, Erskine Bowles, Marc Andreessen, and Peter Thiel.
Facebook’s 2014 annual meeting will be held Thursday, May 22, at 11 a.m. PT, at the Sofitel San Francisco Bay in Redwood City, Calif., and shareholders will vote on the company’s board of directors, as well as on ratifying the appointment of Ernst & Young as Facebook’s independent registered public accounting firm for the fiscal year ending Dec. 31, and on five other stockholder proposals, the social network revealed in a Schedule 14A filing with the Securities and Exchange Commission.