UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 February 13, 2022, Mr. Bruce McEvoy, a Class III director of the Board of Directors (the “Board”) of Vivint Smart Home, Inc. (the “Company”) and a member of the Compensation Committee of the Company delivered his resignation to the Company, effective immediately. The resignation of Mr. McEvoy was not the result of any disagreement with the Company, the Company’s management, or any other member of the Board.
On February 17, 2022, the Board elected Michael Staub to serve as a Class III director and member of the Compensation Committee of the Company with a term expiring at the Company’s annual meeting of stockholders in 2022, effective immediately. Pursuant to its rights as set forth in Section 2.1(a) of the Stockholders Agreement, dated as of September 15, 2019, among the Company and the other parties thereto (as amended, the “Stockholders Agreement”), the Blackstone Designator (as defined in the Stockholders Agreement) nominated Mr. Staub to fill the vacancy created by the resignation of Mr. McEvoy.
Mr. Staub, 37, is a Managing Director in Blackstone’s Private Equity Group and focuses on investments in the Business Services, Leisure and Transportation & Logistics sectors. Since joining Blackstone in 2014, Mr. Staub has been involved with Blackstone’s investments in AlliedBarton, GCA Services, Lendmark, Merlin Entertainments, RGIS, SERVPRO and Vivint. He currently serves as a director of SERVPRO and previously served as a director of Lendmark and RGIS.
Before joining Blackstone, Mr. Staub was an associate at Fortress Investment Group from 2010 to 2012, where he evaluated and executed private equity investments across several industries. Prior to that, he worked at Falconhead Capital from 2008 to 2010 and in investment banking at Merrill Lynch & Co. from 2006 to 2008.
Mr. Staub received a BS in Business Administration from Ithaca College, where he graduated summa cum laude, and an MBA from the Wharton School of the University of Pennsylvania, where he graduated with honors.
Mr. Staub will not receive any compensation for his service on the Board.
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.
| VIVINT SMART HOME, INC. | ||
| By: | /s/ Dale R. Gerard | |
| Name: Dale R. Gerard | ||
| Title: Chief Financial Officer | ||
Date: February 17, 2022