0001558370-15-000974.txt : 20150526 0001558370-15-000974.hdr.sgml : 20150525 20150526161004 ACCESSION NUMBER: 0001558370-15-000974 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150520 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150526 DATE AS OF CHANGE: 20150526 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XOOM Corp CENTRAL INDEX KEY: 0001315657 STANDARD INDUSTRIAL CLASSIFICATION: FUNCTIONS RELATED TO DEPOSITORY BANKING, NEC [6099] IRS NUMBER: 943401054 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35801 FILM NUMBER: 15889534 BUSINESS ADDRESS: STREET 1: 425 MARKET STREET 12TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-660-1089 MAIL ADDRESS: STREET 1: 425 MARKET STREET 12TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: XOOM CORP DATE OF NAME CHANGE: 20050127 8-K 1 xoom-20150520x8k.htm 8-K Form 8-K (05-26-15)

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): May 20, 2015

 

 

Xoom Corporation

(Exact name of registrant as specified in its charter)

 

 

 

 

 

 

 

 

Delaware

 

001-35801

 

94-3401054

(State or other jurisdiction of

incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

 

425 Market Street, 12th Floor

San Francisco, CA 94105

(Address of principal executive offices, including zip code)

(415) 777-4800 

(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:

 

 

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

 

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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

(d) On May 20, 2015, the Board appointed Mr. Chris Shimojima to serve as a Class I director to hold office until the Company’s 2017 annual meeting of stockholders or until his successor has been duly elected and qualified, subject to his earlier resignation or removal.

From March 2012 to March 2015,  Mr. Shimojima served as Chief Executive Officer of Provide Commerce, Inc., a floral and gifting e-commerce retailer that was acquired by FTD Companies, Inc. From November 2006 to March 2012, he served as Vice President of Global E-Commerce at Nike, Inc. Prior to Nike, Mr. Shimojima served in various leadership roles at companies including Sears Holding Company, AT&T and Pepsi-Cola Company. Mr. Shimojima holds a Bachelor of Arts degree in International Affairs from the University of Colorado, Boulder, and a Master of Business Administration degree from the University of Chicago.

The Board has determined that Mr. Shimojima qualifies as an independent director under the rules of the NASDAQ Stock Market LLC. Mr. Shimojima has been appointed to serve on the compensation and nominating and corporate governance committees of the Board. There are no understandings or arrangements between Mr. Shimojima and any other person pursuant to which Mr. Shimojima was appointed as a director. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Shimojima and the Company.

Mr. Shimojima will receive compensation pursuant to the Company’s non-employee director compensation practices. The Company has entered into its standard form of Indemnification Agreement with Mr. Shimojima in connection with his appointment to the Board.

A copy of the press release announcing Mr. Shimojima’s appointment to the Board is attached as Exhibit 99.1 to this current report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

 

July

 

 

 

Exhibit No.

    

Description of Exhibits

 

10.1*

 

Form of Indemnification Agreement

 

99.1

 

Press release dated May 26, 2015, titled “Xoom Announces Appointment of Chris Shimojima to Board of Directors”

 

 

* Previously filed on January 11, 2013 as Exhibit 10.4 to the Company’s Registration Statement on Form S-1

 

 SIGNATURES

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.

 

 

 

Date:  May 26, 2015

 

 

XOOM CORPORATION

 

 

 

By:

/s/ John Kunze

 

 

John Kunze

 

 

Chief Executive Officer

 

 

EXHIBIT INDEX

 

Uly

 

 

 

Exhibit No.

    

Description of Exhibits

 

10.1*

 

Form of Indemnification Agreement

 

99.1

 

Press release dated May 26, 2015, titled “Xoom Announces Appointment of Chris Shimojima to Board of Directors”

 

 

* Previously filed on January 11, 2013 as Exhibit 10.4 to the Company’s Registration Statement on Form S-1

 

 

 

 

EX-99.1 2 xoom-20150520ex991c903ef.htm EX-99.1 Exhibit 991

Exhibit 99.1

Xoom Announces Appointment of Chris Shimojima to Board of Directors 

SAN FRANCISCO, Calif., May 26,  2015 – Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced the appointment of Chris Shimojima to its Board of Directors. Mr. Shimojima will join as an independent board member and will serve on the Compensation and Nominating and Corporate Governance committees of the board. 

“Chris’ deep experience in direct-to-consumer marketing, strategic brand building and as CEO of a highly-competitive ecommerce business make him an excellent fit for our company and for our Board of Directors,” said John Kunze, president and chief executive officer, Xoom. ”As our company matures, we are looking for our board composition to reflect that, and his track record of successfully expanding a large, multi-regional ecommerce business will be extremely valuable as Xoom continues on its growth trajectory.”

Mr. Shimojima spent three years as Chief Executive Officer of Provide Commerce, Inc., a floral and gifting e-commerce retailer that was acquired by FTD Companies, Inc.,  with a mandate to accelerate growth of the company by shifting the business model from transactional to customer-centric. From November 2006 to March 2012, he served as Vice President of Global E-Commerce at Nike, Inc., and during his tenure, Nike.com increased five-fold. While at Nike, he innovated the shopping experience through direct-to-consumer relationships and introduced an operating culture that emphasized KPIs and customer analytics in the decision-making process. Prior to Nike, he played the role of chief marketing officer and business leader for companies including Sears Holding Company, AT&T and Pepsi-Cola Company.

Mr. Shimojima holds a Bachelor of Arts degree in International Affairs from the University of Colorado, Boulder, and a Master of Business Administration degree from the University of Chicago.  

“Xoom is revolutionizing the way people send money cross-border, and I am excited to work in  an analytics-driven culture where the customer is central to all aspects of the business,” said Mr. Shimojima.  “I believe there is a lot of room for growth and look forward to supporting Xoom in its efforts to increase penetration in existing and new corridors, expand adjacent services and innovate its technology platform.”

About Xoom

Xoom is a leading digital money transfer provider that enables consumers to send money to and pay bills for family and friends around the world in a secure, fast and cost-effective way, using their mobile phone, tablet or computer. During the 12 months ended March 31, 2015, Xoom’s more than 1.3 million active customers sent approximately $7.0 billion with Xoom. The company is headquartered in San Francisco and can be found online at www.xoom.com.

(Xoom-f)

Contacts: 

Sharrifah Al-Salem, CFA

Director of Investor Relations

415-660-1256

IR@xoom.com