UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
May 26, 2021
Date of Report (Date of earliest event reported)
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MAGNITE, INC.
(Exact name of registrant as specified in its charter)
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| Delaware | 001-36384 | 20-8881738 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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| 6080 Center Drive, 4th Floor |
| Los Angeles, CA 90045 |
| (Address of principal executive offices, including zip code) |
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| (310) 207-0272 |
| (Registrant’s telephone number, including area code) |
|
| Not applicable |
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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| Securities registered pursuant to Section 12(b) of the Act: | |
| Title of each class | Trading Symbol(s) | Name on each exchange on which registered |
| Common stock, par value $0.00001 per share | MGNI | Nasdaq Global Select Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 26, 2021, Tom Kershaw tendered his resignation as Chief Technology Officer of Magnite, Inc. (the “Company”). Mr. Kershaw will remain employed by the Company through June 30, 2021.
The Company issued the press release attached to this Current Report on Form 8-K as Exhibit 99.1 announcing Mr. Kershaw’s resignation as well as certain other changes to its executive team.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
The Company hereby furnishes the following exhibit:
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | | MAGNITE, INC. |
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| Date: | May 28, 2021 | | By: | /s/ Aaron Saltz |
| | | | Aaron Saltz |
| | | | General Counsel |
