Item 2.02. Results of Operations and Financial Condition.
OnFebruary 6, 2023 , the Company announced its financial results for the quarter and year endedDecember 31, 2022 by issuing a press release. In its press release, the Company also announced that it would be holding a conference call onFebruary 6, 2023 to discuss its financial results for the quarter and year endedDecember 31, 2022 and outlook. The text of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Company makes reference to non-GAAP financial information in the Company's press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release. This information included in this Item 2.02 of this Current Report on Form 8-K and the exhibit hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it been deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnFebruary 1, 2023 , the Company andTodd Morgenfeld , the Company's Chief Financial Officer, Head of Business Operations and Principal Financial Officer, determined thatMr. Morgenfeld would transition from the Company to pursue new career opportunities, effective as ofJuly 1, 2023 .Mr. Morgenfeld's departure is not the result of any disagreement with the Company's independent auditors or any member of management or the board on any matter of accounting principles or practices, financial statement disclosure or internal controls or any other matter. The Company will initiate a search for a new Chief Financial Officer, andMr. Morgenfeld will work with the Company to help ensure an orderly transition. In connection withMr. Morgenfeld's departure, and in exchange for a general release of claims and his assistance with the transition and subject to his compliance with certain restrictive covenants, he will (i) receive a cash payment of$400,000 equal to 12 months his base salary, (ii) have 384,615 shares of restricted stock awards vest, in addition to any restricted stock awards that will vest by their terms prior toJuly 1, 2023 , and (iii) receive certain other benefits, primarily consisting of a cash payment equivalent to the value of health care benefits for 12 months.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit Number Description 99.1 Press Release issued byPinterest, Inc. , dated February 6, 2023 . Cover Page Interactive Data File (embedded within the Inline XBRL 104 document).
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