Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 8, 2023, Roku, Inc. (the "Company") announced the appointment of Dan
Jedda, 51, as the Company's Chief Financial Officer, effective May 1, 2023 (the
"Effective Date"). The Company's current Chief Financial Officer, Steve Louden,
will cease his service as Chief Financial Officer upon the Effective Date and
will provide advisory services to the Company as an executive advisor until
August 2023. A copy of the press release announcing this appointment is
furnished as Exhibit 99.1 to this Current Report.
Mr. Jedda has served as the Chief Financial Officer of Stitch Fix, Inc. since
December 2020 and will step down from that role in April 2023. From June 2005 to
December 2020, Mr. Jedda held various positions at Amazon.com, including serving
as Vice President and Chief Financial Officer for Digital Video (including
Amazon Studios), Digital Music, and the Advertising and Corporate Development
organizations. Previously, Mr. Jedda also served as a Controller for Toshiba
America and spent several years at Honeywell and ADC Telecommunications in
various business finance roles, including treasury and internal audit. Mr. Jedda
holds a B.A. in Accounting and Finance from the University of St. Thomas and an
M.B.A. from the University of Minnesota, Carlson School of Management.
Pursuant to an Offer Letter dated February 11, 2023, Mr. Jedda will receive
(i) an annual base salary of $2,100,000, (ii) an equity award with a value of
$15,600,000 vesting over four years, which will be granted pursuant to the terms
of the Company's 2017 Equity Incentive Plan, and (iii) a one-time payment of
$50,000 subject to certain conditions. Upon the Effective Date, Mr. Jedda will
be a participant in the Company's Amended and Restated Severance Benefit Plan,
which is attached as Exhibit 10.1 to the Company's Current Report on Form 8-K
filed with the Securities and Exchange Commission ("SEC") on September 14, 2022
(File No. 001-38211) and will be eligible to participate in the Company's other
employee benefits as may be offered from time to time. Mr. Jedda will also enter
into the Company's standard form of indemnification agreement, which is attached
as Exhibit 10.9 to the Company's Amendment No. 1 to the Registration Statement
on Form S-1 filed with the SEC on September 18, 2017 (File No. 333-220318).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
99.1 Press Release dated March 8, 2023
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
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