Board member Mike Krieger exits Figma (NYSE: FIG) board role
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Figma, Inc. reported that Board member Mike Krieger resigned from its Board of Directors effective immediately on April 14, 2026. The company states that his decision to step down was not due to any disagreement with Figma regarding its operations, policies, or practices, and the Board expressed appreciation for his service.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Resignation effective date: April 14, 2026
1 metrics
Resignation effective date
April 14, 2026
Effective date of Mike Krieger’s board resignation
Key Terms
Item 5.02, Emerging growth company, Section 12(b) of the Act, Board of Directors
4 terms
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Section 12(b) of the Act regulatory
"Securities registered pursuant to Section 12(b) of the Act"
Board of Directors financial
"a member of the Board of Directors (the “Board”) of Figma, Inc."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What did Figma Inc. (FIG) disclose about its board on April 14, 2026?
Figma disclosed that board member Mike Krieger resigned effective April 14, 2026. The filing notes his departure was not due to any disagreement with the company’s operations, policies, or practices, and the Board thanked him for his service and contributions.
Why did Mike Krieger resign from Figma Inc. (FIG)’s Board of Directors?
Figma stated that Mike Krieger’s resignation from the Board was not due to any disagreement with the company. Specifically, it was not related to Figma’s operations, policies, or practices, according to the language included in the current report filing.
When is Mike Krieger’s resignation from Figma Inc. (FIG)’s board effective?
Mike Krieger’s resignation from Figma’s Board of Directors is effective immediately as of April 14, 2026. This effective date is explicitly stated in the company’s current report describing his decision to step down from the Board.
Does Figma Inc. (FIG) report any disagreement with Mike Krieger in his resignation?
Figma reports that Mike Krieger’s decision to resign from the Board was not due to any disagreement. The filing specifies there were no issues regarding the company’s operations, policies, or practices that prompted his departure from the Board.
What formal SEC item does Figma Inc. (FIG) use for Mike Krieger’s resignation?
Figma reports Mike Krieger’s resignation under Item 5.02, which covers departures of directors or certain officers. This section is used to disclose changes in board membership and relevant details about such departures for investors and regulators.