Bumble Inc.

02/08/2024 | Press release | Distributed by Public on 02/08/2024 20:11

Management Change/Compensation Form 8 K

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b)(d) On July 30, 2024, Jennifer B. Morgan notified the Board of Directors (the "Board") of Bumble Inc. (the "Company" or "Bumble") of her decision to resign from the Board, effective as of July 30, 2024. Ms. Morgan was recently appointed Chief Executive Officer of UKG, a provider of workforce management and human resource management services, and her decision to resign from the Company's Board was not the result of any disagreement (i) with the Company, the Company's management, or any other member of the Board, or (ii) on any matter relating to the Company's operations, policies, or practices. Bumble and the Board wish to thank Ms. Morgan for her service and contributions to the Company.

On August 1, 2024, the Board appointed Martin Brand to the Board, effective as of August 1, 2024. Mr. Brand was previously the non-voting observer to the Board designated by Blackstone Inc. ("Blackstone") pursuant to the Stockholders Agreement, dated February 10, 2021, by and among the Company and each of the other persons from time to time party thereto (the "Stockholders Agreement"). Pursuant to the Stockholders Agreement, Blackstone has designated Mr. Brand to serve as a director on the Board to fill the vacancy created by the resignation of Ms. Morgan. Mr. Brand will serve as a Class I director with a term expiring at the Company's annual meeting of stockholders to be held in 2025. Mr. Brand has not been named to any committees of the Board at this time.

In connection with his appointment, Mr. Brand will enter into the Company's standard form indemnification agreement for directors and officers. As a director appointed by Blackstone, Mr. Brand will not receive compensation in connection with his service as a director on the Board.

Mr. Brand has no family relationship with any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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