Form type: 8-K
Filing date: 2026-01-16
Report date: 2026-01-13
Accepted: 2026-01-16 22:00 UTC
Items: 5.02,9.01
Day change: -2.88% (2026-01-20)
Description: 8-K
Document: form8-k.htm
Format: html (XBRL)
Size: 38.3 KB
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Current Report (8-K)
0001493152-26-002617 — Filed 2026-01-16
Hiroshi Mikitani resigned from the board on January 13, 2026, after Rakuten's ownership stake in the company fell below the threshold required to designate a director under their stockholders agreement, though Rakuten retains observer rights. On January 16, 2026, the board voted to reduce its size from 12 to 11 directors to eliminate the vacant seat left by Mikitani's departure, which was not due to any operational disagreement with the company.