Remitly (NASDAQ: RELY) names Tai-Hong Fung Chief Accounting Officer

Rhea-AI Filing Summary

Remitly Global, Inc. announced that Chief Accounting Officer Luke Tavis will retire from that role effective March 31, 2026, and remain Vice President, Accounting through June 2026 to support an orderly transition. The company stated his retirement did not result from any disagreement over financial reporting or accounting matters.

On March 16, 2026, the Board appointed Tai-Hong Fung as Chief Accounting Officer, effective April 1, 2026, reporting to the Chief Financial Officer. Fung, age 52, recently served as Remitly’s Vice President, Controller and previously held senior finance roles at Starbucks and Microsoft. His compensation is not expected to change, and the company disclosed no related-party relationships or material related transactions.

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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): March 16, 2026

Remitly Global, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-40822			83-2301143
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

401 Union Street, Suite 1000

Seattle, WA 98101

(Address of Principal Executive Offices and Zip Code)

(888) 736-4859

(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 Instructions 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

Common Stock, par value $0.0001 per share

RELY

The NASDAQ Global Select Market

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. ☐

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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 March 17, 2026, Luke Tavis, the Chief Accounting Officer of Remitly Global, Inc. (the “Company”), provided notice of his retirement from the Chief Accounting Officer role effective as of March 31, 2026. Mr. Tavis will continue to serve as Vice President, Accounting, until June 2026 to support an orderly transition. Mr. Tavis’ retirement as Chief Accounting Officer did not result from any disagreement regarding the Company’s financial reporting or accounting policies, procedures, estimates, or judgments.

On March 16, 2026, the Board of Directors (the “Board”) of the Company approved the appointment of Tai-Hong Fung as Chief Accounting Officer of the Company, subject to Mr. Tavis’ retirement and effective as of April 1, 2026. Mr. Fung will report to the Company’s Chief Financial Officer in this position.

Mr. Fung, age 52, has served as Vice President, Controller, of the Company since February 2026. Previously, Mr. Fung held various positions at Starbucks Corporation, including Vice President, Controller, from April 2023 to January 2026, Director, Assistant Controller, from May 2019 to April 2023, and Director of Global Consolidations and Financial Reporting from April 2014 to April 2019. Before Starbucks, Mr. Fung also held various positions at Microsoft Corporation from 2006 to 2014.

Mr. Fung’s compensation is not expected to change in connection with this appointment as the Company’s Chief Accounting Officer. There are no understandings or arrangements with Mr. Fung in connection with his appointment as Chief Accounting Officer, and Mr. Fung is not related to any executive officer or director of the Company. Mr. Fung does not have any direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under Item 404(a) of Regulation S-K.

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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.

			Remitly Global, Inc.
Date: March 20, 2026			By:			/s/ Saema Somalya
						Saema Somalya
						Chief Legal and Corporate Affairs Officer

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FAQ

What leadership change did Remitly (RELY) disclose in this 8-K?

Remitly disclosed that Chief Accounting Officer Luke Tavis will retire from that role on March 31, 2026. The Board appointed Tai‑Hong Fung as the new Chief Accounting Officer effective April 1, 2026, ensuring continuity with an internal candidate already serving as Vice President, Controller.

When will Remitly’s current Chief Accounting Officer retire and transition roles?

Luke Tavis will retire as Chief Accounting Officer effective March 31, 2026. He will continue as Vice President, Accounting until June 2026 to support an orderly transition, helping transfer responsibilities and maintain stability across Remitly’s accounting and financial reporting functions during the leadership change.

Did Remitly indicate any disagreements behind Luke Tavis’s retirement?

Remitly stated that Luke Tavis’s retirement as Chief Accounting Officer did not result from any disagreement over the company’s financial reporting, accounting policies, procedures, estimates, or judgments. This language is intended to reassure investors that the transition is not driven by accounting disputes or reporting concerns.

Who is Remitly’s incoming Chief Accounting Officer and what is his background?

The Board appointed Tai‑Hong Fung as Chief Accounting Officer effective April 1, 2026. Fung has served as Remitly’s Vice President, Controller since February 2026 and previously held senior finance and controller roles at Starbucks and Microsoft, bringing extensive large-company accounting and reporting experience.

Will Tai-Hong Fung’s compensation change with his new role at Remitly?

Remitly disclosed that Tai‑Hong Fung’s compensation is not expected to change in connection with his appointment as Chief Accounting Officer. This indicates the move is primarily a change in title and responsibilities rather than a new compensation package or incentive arrangement for the incoming executive.

Are there any related-party or conflict-of-interest issues with Tai-Hong Fung’s appointment?

Remitly reported no understandings or arrangements connected to Tai‑Hong Fung’s appointment as Chief Accounting Officer. He is not related to any executive officer or director and does not have a material interest in any existing or proposed transaction requiring disclosure under Item 404(a) of Regulation S‑K.

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