Item 2.02 Results of Operations and Financial Condition.
On May 12, 2022, Expensify, Inc. ("Expensify" or the "Company") issued a press
release announcing its financial results for the quarter ended March 31, 2022. A
copy of this press release is furnished as Exhibit 99.1 to this current report
on Form 8-K and is incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On May 12, 2022, the Company posted an investor presentation to its website at
https://ir.expensify.com (the "Investor Presentation"). A copy of the Investor
Presentation is attached as Exhibit 99.2 to this current report on Form 8-K and
is incorporated herein by reference. The Company expects to use the Investor
Presentation, in whole or in part, and possibly with modifications, in
connection with presentations to investors, analysts and others.
The information contained in the Investor Presentation is summary information
that is intended to be considered in the context of the Company's Securities and
Exchange Commission ("SEC") filings and other public announcements that the
Company may make, by press release or otherwise, from time to time. The Investor
Presentation speaks only as of the date of this current report on Form 8-K. The
Company undertakes no duty or obligation to publicly update or revise the
information included in the Investor Presentation, although it may do so from
time to time. Any such updating may be made through the filing of other reports
or documents with the SEC, through press releases or other public disclosure. In
addition, the exhibit furnished herewith contains statements intended as
"forward-looking statements" that are subject to the cautionary statements about
forward-looking statements set forth in such exhibit. By furnishing the
information contained in the Investor Presentation, the Company makes no
admission as to the materiality of any information in the Investor Presentation
that is required to be disclosed solely by reason of Regulation FD.
The information contained in Item 2.02 and this Item 7.01, including Exhibit
99.1 and 99.2, is being furnished and shall not be deemed "filed" for the
purposed of Section 18 of the Securities and Exchange Act of 1934, as amended
(the "Exchange Act"), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing made by Expensify
under the Securities Act of 1933, as amended, or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
Item 8.01 Other Events.
On May 12, 2022, the Company issued a press release announcing that its board of
directors approved a share repurchase program with authorization to purchase up
to $50 million of shares of its Class A common stock. The Company may repurchase
shares from time to time through open market purchases, in privately negotiated
transactions or by other means, including through the use of trading plans
intended to qualify under Rule 10b5-1 under the Exchange Act, in accordance with
applicable securities laws and other restrictions. The actual timing and total
amount of future repurchases are subject to business, economic and market
conditions, corporate and regulatory requirements, prevailing stock prices,
restrictions under the terms of our loan agreements and other considerations.
The share repurchase program does not obligate the Company to acquire any
particular amount of common stock, and the program may be suspended or
terminated at any time by the Company at any time at its discretion without
prior notice. A copy of the press release is attached hereto as Exhibit 99.3 and
is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release issued by Expensify, Inc., dated May 1 2 , 2022.
99.2 Investor Presentation, dated May 12 , 2022.
99.3 Press Release issued by Expensify, Inc. dated May 12, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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