Grove Collaborative reshuffles board, committees
Grove Collaborative Holdings, Inc. (GROV) reported board changes effective August 27, 2026.
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. (GROV) reported board changes effective August 27, 2026. Director Naytri Shroff Sramek resigned from the board, where she chaired the Sustainability, Nominating and Governance Committee and served on the Audit Committee. The company states there were no disagreements regarding operations, policies, or practices and no written statement accompanying her resignation.
The board appointed Jason Karp as a Class III director with a term expiring at the 2028 annual meeting of shareholders and determined he qualifies as an independent director under New York Stock Exchange listing standards. Karp brings experience founding and leading consumer and health-focused businesses and investment funds. He will enter into the company’s standard indemnification agreement and will not receive compensation for board service. Director John Replogle was appointed to the Audit Committee to replace Sramek, and the Sustainability, Nominating and Governance Committee was reduced from three to two directors.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
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.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Effective date of board changes: August 27, 2026
Director class term end: 2028 annual meeting of shareholders
Committee size after change: two directors
3 metrics
Effective date of board changes
August 27, 2026
Date of director resignation and new director appointment
Director class term end
2028 annual meeting of shareholders
Expiration of Jason Karp’s Class III board term
Committee size after change
two directors
Sustainability, Nominating and Governance Committee reduced from three to two directors
Key Terms
independent director, Item 404(a) of Regulation S–K, indemnification agreement, Emerging growth company, +1 more
5 terms
independent director regulatory
"The Board determined that Mr. Karp satisfied the definition of an “independent director”"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Item 404(a) of Regulation S–K regulatory
"There are no transactions involving Mr. Karp requiring disclosure under Item 404(a) of Regulation S–K"
indemnification agreement regulatory
"In connection with his appointment to the Board, Mr. Karp will enter into the Company’s standard form of indemnification agreement."
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
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.
Audit Committee financial
"John Replogle, a current member of the Board, was appointed to the Board’s Audit Committee"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
FAQ
What board change did Grove Collaborative (GROV) announce on August 27, 2026?
Director Naytri Shroff Sramek resigned from Grove Collaborative’s board effective August 27, 2026. She had chaired the Sustainability, Nominating and Governance Committee and served on the Audit Committee. The company reports no disagreements regarding its operations, policies, or practices in connection with her resignation.
Who was appointed to the Grove Collaborative (GROV) board and what is his term?
Grove Collaborative appointed Jason Karp as a Class III director on August 27, 2026, for a term expiring at the company’s 2028 annual meeting of shareholders. The board determined that he meets the New York Stock Exchange definition of an independent director.
Will Jason Karp receive compensation for serving on Grove Collaborative’s (GROV) board?
According to the filing, Jason Karp will not receive compensation for his service on the Grove Collaborative board. He will, however, enter into the company’s standard form of indemnification agreement in connection with his appointment.
How did Grove Collaborative (GROV) reassign committee roles after the director resignation?
Following Naytri Shroff Sramek’s resignation, John Replogle, an existing director, was appointed to the Audit Committee to replace her. The Sustainability, Nominating and Governance Committee’s size was reduced from three directors to two.
What independence standard does Jason Karp meet on Grove Collaborative’s (GROV) board?
The board determined that Jason Karp satisfies the definition of an independent director under the New York Stock Exchange listing standards, meaning he meets that exchange’s criteria for director independence as applied by the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
