Shutterstock, INC 8-K filings

Shutterstock has announced the appointment of Matt Furlong as Chief Marketplace Officer, effective January 13, 2025, to lead the company's Marketplace division.

Getty Images and Shutterstock have agreed to merge, creating a leading visual content company with a combined enterprise value of approximately $3.7 billion.

Shutterstock's Chief Financial Officer, Jarrod Yahes, has resigned effective November 1, 2024, and Rik Powell has been appointed as his successor, also effective November 1, 2024.

Shutterstock reported record revenue and adjusted EBITDA for the third quarter of 2024, driven by the acquisition of Envato, and increased its full-year guidance, while also announcing a CFO transition.

Shutterstock's Board of Directors has declared a cash dividend of $0.30 per common share, payable in December.

Shutterstock finalized its acquisition of Envato for approximately $250 million, as detailed in an amended 8-K filing which includes Envato's financial statements and pro forma combined financials.

Shutterstock's Chief Product and Digital Officer will depart on August 23, 2024, with the Executive Chairman to support the digital marketplace on an interim basis, while the company reaffirms its 2024 financial guidance.

Shutterstock's second quarter 2024 financial results surpassed expectations, with revenue and adjusted EBITDA growth fueled by strong performance in Data, Distribution, and Services.

Shutterstock has completed its acquisition of Envato, significantly expanding its content library and subscriber base.

Shutterstock's Board of Directors has declared a cash dividend of $0.30 per common share, payable in September.

Shutterstock has appointed Jaime Teevan, Chief Scientist and Technical Fellow at Microsoft, to its board of directors, effective July 8, 2024.

Shutterstock's CEO, Paul J. Hennessy, has been granted $8.5 million in equity awards and an amended employment agreement to incentivize his continued service through July 1, 2026.

Shutterstock's annual meeting saw shareholders approve the amended 2022 Omnibus Equity Incentive Plan, elect directors, and ratify the appointment of PricewaterhouseCoopers LLP as the company's independent auditor.

Shutterstock has entered into a definitive agreement to acquire Envato, a leading provider of digital creative assets and templates, for approximately $245 million.

Shutterstock's Board of Directors has declared a cash dividend of $0.30 per common share, payable on June 13, 2024, to shareholders of record as of May 30, 2024.

Shutterstock reported record revenues and profitability for 2023, alongside the announcement of long-term financial targets through 2027, emphasizing growth in data, distribution, and services.

Shutterstock has announced an 11% increase in its quarterly cash dividend, raising it to $0.30 per share, reflecting the company's improved operating profitability and cash flow.