Snap CFO resigning, company says it will come in near top end of guidance for Q4

Snap CFO resigning, company says it will come in near top end of guidance for Q4

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/01/15/snap-cfo-resigning-company-says-it-will-come-in-near-top-end-of-guidance-for-q4.html

Snap chief financial officer Tim Stone is resigning to pursue other opportunities, the company said in a new filing Tuesday that sent the stock tumbling more than 8 percent after hours. Stone's reign lasted less than a year: he joined from Amazon in May 2018, with an annual salary of $500,000, restricted stock units worth $20 million, and 500,000 options to buy additional Snap stock.

Several months after Stone joined, Wedbush Securities analyst Michael Pachter cited his hire as one of the factors demonstrating Snap's "increased focus on shareholder value."