false 0001512673 0001512673 2025-02-06 2025-02-06

 

 

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): February 6, 2025

 

 

Block, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-37622   80-0429876

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

   (IRS Employer
Identification No.)

 

1955 Broadway, Suite 600
Oakland, CA 946121
(Address of principal executive offices, including zip code)

(415) 375-3176

(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 (see General Instruction A.2. below):

 

  ☐

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))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Class A Common Stock, $0.0000001 par value per share   XYZ   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

☐

Emerging growth company

 

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

 

1 

We have adopted a distributed work model and, therefore, have no formal headquarters. This address represents our “principal executive office,” which we are required to identify under Securities and Exchange Commission rules.

 

 

 

Item 5.02.

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

On February 6, 2025, the Board of Directors (the “Board”) of Block, Inc. (the “Company”) increased the size of the Board from nine to ten directors and elected Anthony Eisen to the Board as a Class III director, effective February 6, 2025. Mr. Eisen is not expected to serve on any Board committees at this time.

Mr. Eisen has served as CEO of Reshop since January 2025, a privately held financial technology company, where he also serves as Chairman of the Board. He previously served as Block’s co-lead of Afterpay from January 2022 when Block acquired Afterpay Limited (“Afterpay”) to November 2024 and served as a consultant to aid in the transition of his duties until his election to the Block Board. Prior to the acquisition, Mr. Eisen served as the co-CEO and a member of the board of directors of Afterpay, which he co-founded in November 2014. Mr. Eisen currently serves on the board of directors of the Technology Council of Australia. Mr. Eisen holds a Bachelor of Commerce degree in Accounting & Finance from UNSW Australia and is a member of the Chartered Accountants in Australia.

Mr. Eisen was selected to serve on our Board for his financial services and fintech expertise, specifically in Buy Now, Pay Later services, and experience as one of the co-founders of Afterpay.

Mr. Eisen will receive the Company’s standard compensation for non-employee directors in accordance with the Company’s Outside Director Compensation Policy, as described in the proxy statement relating to the Company’s 2024 annual meeting of stockholders. Mr. Eisen has also executed the Company’s standard form of indemnification agreement.

There is no arrangement or understanding between Mr. Eisen and any other persons pursuant to which Mr. Eisen was selected as a director. Furthermore, there are no family relationships between Mr. Eisen and 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.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit
No.		   

Description

99.1    Press Release, dated February 6, 2025.
104    Cover Page Interactive Data File, formatted in inline XBRL.

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.

 

    BLOCK, INC.
Date: February 6, 2025     By:  

/s/ Chrysty Esperanza

      Chrysty Esperanza
      Chief Legal Officer and Corporate Secretary

Exhibit 99.1

Block Names Anthony Eisen, Co-Founder of Afterpay and CEO of Reshop, to Board of Directors

DISTRIBUTED-WORK-MODEL/OAKLAND – February 6, 2025 – Today Block, Inc. (NYSE: XYZ) announced that Anthony Eisen, Co-Founder of Afterpay and CEO of Reshop, has joined its Board of Directors.

“Working closely with Block’s leadership through Afterpay’s integration, I’ve seen the company’s commitment to economic empowerment and its focus on providing sellers and customers with innovative, relevant financial services solutions,” said Eisen. “I’m honored to join the Board and look forward to continuing to contribute to the next chapter of Block’s growth.”

“I have a great deal of respect for Anthony and his work to create a commerce ecosystem that has benefited customers around the world,” said Jack Dorsey, Block Head and Chairman. “His insight and collaborative leadership has been an asset to Block and he will be invaluable as we continue to evolve how customers access financial services.”

Eisen co-founded Afterpay in 2014, where he served as co-CEO, leading the company’s rapid growth into a global leader in Buy Now Pay Later services. Since its founding, Afterpay has grown to reach over 400,000 merchants worldwide and attracted more than 24 million customers. Under his leadership, Afterpay became an integral part of Block’s ecosystem following its acquisition in 2022. Prior to Afterpay, Eisen held senior roles in investment banking and private equity, bringing extensive financial expertise to his career in technology innovation. He is currently CEO and Chairman of Reshop, a platform redefining refunds, and serves on the board of directors of the Technology Council of Australia.

About Block

Block, Inc. (NYSE: XYZ) builds technology to increase access to the global economy. Each of our brands unlocks different aspects of the economy for more people. Square makes commerce and financial services accessible to sellers. Cash App is the easy way to spend, send, and store money. Afterpay is transforming the way customers manage their spending over time. TIDAL is a music platform that empowers artists to thrive as entrepreneurs. Bitkey is a simple self-custody wallet built for bitcoin. Proto is a suite of bitcoin mining products and services. Together, we’re helping build a financial system that is open to everyone. Block.xyz

Media Contact

press@block.xyz

Investor Relations Contact

ir@block.xyz

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Feb. 06, 2025
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Document Period End Date Feb. 06, 2025
Entity Registrant Name Block, Inc.
Entity Incorporation State Country Code DE
Entity File Number 001-37622
Entity Tax Identification Number 80-0429876
Entity Address, Address Line One 1955 Broadway
Entity Address, Address Line Two Suite 600
Entity Address, City or Town Oakland
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94612
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Trading Symbol XYZ
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