Company: WBD
Filing Date: 2025-01-14
Form Type: 8-K
Source: 0001437107-25-000004
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Company: Warner Bros. Discovery, Inc.
Filing Date: 2025-01-14
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 8, 2025, the Board of Directors (the “ Board”) of Warner Bros. Discovery, Inc. (the “ Company”) adopted a resolution to increase the size of the Board to thirteen directors, as permitted under the Company’s Second Restated Certificate of Incorporation and the Company’s Amended and Restated Bylaws.

Following the increase in the size of the Board and the previously disclosed departure of Li Haslett Chen, in accordance with the procedures set forth in the Company's Second Restated Certificate of Incorporation, on January 8, 2025, the Board elected Anthony J. Noto and Joseph Levin to the Board. Mr. Noto’s election was effective as of January 8, 2025 and Mr. Levin’s election will be effective as of February 1, 2025. Mr. Noto’s and Mr. Levin’s initial terms will run until the Company’s 2025 Annual Meeting of Stockholders, where it is expected that they will each stand for election by the Company’s stockholders. The Board determined, after considering all of the facts and circumstances, that Mr. Noto and Mr. Levin are each an "independent director" as defined by the NASDAQ listing rules.

Mr. Noto has served as Chief Executive Officer and a director of SoFi Technologies, Inc. (or its predecessor, Social Finance, Inc.) (“ SoFi”) since 2018. Prior to SoFi, he served at Twitter, Inc. as its Chief Operations Officer from 2016 to 2018 and its Chief Financial Officer from 2014 to 2017. Prior to Twitter, Inc., he was a partner and Co-Head of Global Technology, Media and Telecom Investment Banking at Goldman Sachs & Co, and Chief Financial Officer of the National Football League from 2008 to 2010. Mr. Noto brings demonstrated experience leading innovative technology companies in significant and strategic acquisitions and a deep understanding of the media, technology, and internet industries.

Mr. Levin has served as Chief Executive Officer and a director of IAC Inc. (“ IAC”) since 2015. He joined IAC in 2003 and has held several key positions throughout his tenure contributing to IAC’s growth and strategic direction, including chief executive officer of IAC’s Search & Applications segment, chief executive officer of Vimeo