Sezzle Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$SEZL
Finance: Consumer Services
Finance
| UNITED STATES | ||||||||
| SECURITIES AND EXCHANGE COMMISSION | ||||||||
| WASHINGTON, D.C. 20549 | ||||||||
FORM | ||||||||
| CURRENT REPORT | ||||||||
| Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||||||||
Date of Report (Date of earliest event reported): April 3, 2026
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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
Departure of Director
On April 3, 2026, Sezzle Inc. (the “Company”) received a letter from Karen Webster pursuant to which she resigned from her position as a member of the Company’s Board of Directors (the “Board”), effective immediately. At the time of such resignation, Ms. Webster served as a member of the Company’s Audit and Risk Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
Ms. Webster stated in her letter that her resignation resulted from a growing difference in perspective with management concerning the Company’s direction, key decisions, and governance.
A copy of Ms. Webster’s resignation letter is attached hereto as Exhibit 17.1, and the foregoing description is qualified in its entirety by reference to the full text of Exhibit 17.1. The Company has provided Ms. Webster with a copy of this Current Report on Form 8-K no later than the date of its filing with the Securities and Exchange Commission.
Appointment of Director
On April 9, 2026, the Board of Directors of Sezzle Inc. (the “Company”) appointed Bryan Hunt to serve as a member of the Company’s Board of Directors, effective immediately, to fill the vacancy on the Board created by Ms. Webster’s resignation. Mr. Hunt will serve as a non-employee director until the Company’s next Annual Meeting of Stockholders and until his successor is duly elected and qualified.
The Board has determined that Mr. Hunt qualifies as an independent director in accordance with the applicable listing requirements of The Nasdaq Stock Market LLC. Mr. Hunt has also been appointed to serve as a member of each of the Audit and Risk Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee of the Board.
Mr. Hunt, age 57, is a General Partner of Relevance Ventures and is an experienced financial services professional and awarded financial analyst with expertise in securities analysis, investment banking, and corporate valuation. Prior to joining Relevance Ventures, Mr. Hunt spent more than 24 years at Wells Fargo and its predecessors in both high yield and equity research. He was recognized by Institutional Investor Magazine as the top food and beverage high yield analyst for seven consecutive years and the top high yield analyst across all industries in 2016. Mr. Hunt holds honors and distinctions from Vanderbilt University – Owen Graduate School of Management and the University of Alabama, and he holds the Chartered Financial Analyst designation.
Mr. Hunt will receive the standard compensation package payable to non-employee directors of the Board. Mr. Hunt will be paid an annual retainer of $65,000 for services as a member of the Board, $7,500 for service as a member of the Audit and Risk Committee, and $3,750 for service as a member of each of the Compensation Committee and the Nominating and Corporate Governance Committee, in each case prorated as applicable. In addition, Mr. Hunt will receive a non-employee director grant of 935 restricted stock units, which is prorated from the value of the annual restricted stock unit awards granted to non-employee directors for fiscal year 2025. The awards will vest over approximately 3.7 years, with 25% of the restricted stock units vesting on April 1, 2027 and the remainder vesting in substantially equal quarterly installments thereafter, subject to Mr. Hunt’s continued service on the Board.
In connection with his appointment, Mr. Hunt has also entered into the Company’s standard form of indemnification agreement for directors, pursuant to which the Company agrees to indemnify its directors and advance certain related expenses to the fullest extent permitted by applicable law, subject to the terms and conditions of such agreement. There are no arrangements or understandings between Mr. Hunt and any other person pursuant to which Mr. Hunt was selected as a director. There are also no transactions involving Mr. Hunt requiring disclosure under Item 404(a) of Regulation S-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |||||||
| 17.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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.
| SEZZLE INC. | ||||||||
| Dated: April 9, 2026 | By: | /s/ Charles Youakim | ||||||
| Charles Youakim | ||||||||
| Chief Executive Officer | ||||||||