Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 12, 2024

REMITLY GLOBAL, INC.

(Exact name of Registrant as specified in its charter)


Delaware	001-40822	83-2301143
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1111 Third Avenue, Suite 2100

Seattle, WA 98101

(Address of principal executive offices, including zip code)

(888)736-4859

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

RELY

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 12, 2024, Remitly Global, Inc. (the “Company”) held its 2024 Annual Meeting of Stockholders (the “Annual Meeting”), at which a quorum was present. At the Annual Meeting, the stockholders of the Company voted on the following three proposals:

Proposal 1 — Election of Directors

The following nominees were elected to the Company’s Board of Directors to hold office for terms to expire upon the annual stockholders’ meeting to be held in 2027 and until their successors are elected and qualified, or until their earlier death, resignation, or removal. The votes cast at the Annual Meeting were as follows:


Nominee	For	Withheld	Broker Non-Votes
Joshua Hug	94,500,947	16,117,759	23,461,779
Matthew Oppenheimer	99,643,427	10,975,279	23,461,779
Margaret Smyth	95,478,534	15,140,172	23,461,779

Proposal 2 — Advisory Vote to Approve Executive Compensation

The stockholders approved, on an advisory basis, the compensation of the Company's named executive officers.


For	Against	Abstain	Broker Non-Votes
108,171,289	2,438,226	9,191	23,461,779

Proposal 3 — Ratification of Appointment of Independent Registered Public Accounting Firm

The proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 was approved based upon the following votes:


For	Against	Abstain
128,987,001	5,069,933	23,551

Item 7.01 Regulation FD Disclosure.

Matthew Oppenheimer, the Company’s Chief Executive Officer and Chairman of the Board of Directors, declined to be considered for an equity compensation award in 2024 to support the performance awards granted to employees and executives of the Company in April 2024 and in recognition of broad stockholder focus on dilution.

The information in Item 7.01 of this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in Item 7.01 of this Current Report shall not be incorporated by reference into any registration statement or other document filed by the Company pursuant to the Exchange Act, regardless of any general incorporation language contained in such filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	Remitly Global, Inc.

Date: June 18, 2024	By:	/s/ Saema Somalya
		Saema Somalya
		EVP, Legal and Risk

Cover	Apr. 05, 2023	Aug. 15, 2022
Cover [Abstract]
Document Type		8-K
Document Period End Date		Jun. 12, 2024
Entity Registrant Name		REMITLY GLOBAL, INC.
Entity Incorporation, State or Country Code		DE
Entity File Number		001-40822
Entity Tax Identification Number		83-2301143
Entity Address, Address Line One		1111 Third Avenue
Entity Address, Address Line Two		Suite 2100
Entity Address, City or Town		Seattle
Entity Address, State or Province		WA
Entity Address, Postal Zip Code		98101
City Area Code		(888)
Local Phone Number		736-4859
Written Communications		false
Soliciting Material		false
Pre-commencement Tender Offer		false
Pre-commencement Issuer Tender Offer		false
Title of 12(b) Security		Common Stock, par value $0.0001 per share
Trading Symbol		RELY
Security Exchange Name		NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key		0001782170
Amendment Flag		false