Summary by Moomoo AI
On May 6, 2024, Pinterest, Inc. announced the retirement of Jeffery Jordan from its board of directors, effective May 9, 2024. Jordan's departure is not due to any disagreements with the company's operations or policies. Concurrently, Charles 'Chip' Bergh has been appointed as a Class I director to the Pinterest board, effective on the same date. The company has confirmed Bergh's independence according to the New York Stock Exchange and U.S. Securities Exchange Act rules. Bergh will also join the Nominating and Corporate Governance Committee and the Talent Development and Compensation Committee. His compensation aligns with the company's policy for non-employee directors. There are no disclosed material interests or arrangements for Bergh's appointment. The changes in the board composition were reported in a Form 8-K filed with the U.S. Securities and Exchange Commission and accompanied by a press release on May 9, 2024.