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Snap (NYSE: SNAP) CFO departs as long-time finance executive Doug Hott steps up

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Snap Inc. announced that Chief Financial Officer Derek Andersen will leave the company for a new professional opportunity, with his last day expected on May 8, 2026. The company states his decision is not related to any disagreement over accounting, strategy, management, operations, or policies.

Snap plans to appoint Doug Hott, currently Vice President of Finance, Strategy, and Corporate Development, as its next Chief Financial Officer. Hott has held senior finance roles at Snap since August 2019, providing continuity in the company’s finance leadership.

Positive

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Insights

Snap transitions CFO role internally, signaling planned leadership continuity.

Snap Inc. is managing a planned CFO transition, with Derek Andersen departing and long-time finance leader Doug Hott stepping into the role. The company explicitly notes Andersen’s departure is not tied to any disagreement on accounting, strategy, or operations.

Because Hott has led finance functions at Snap since August 2019, this appears to be an internal succession rather than an abrupt external change. The impact on financial strategy will depend on how closely Hott maintains existing approaches, which may become clearer in future public updates.

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.
CFO departure notice date April 17, 2026 Date Derek Andersen notified Snap of his decision to leave
Expected last day of current CFO May 8, 2026 Planned final day of Derek Andersen’s service as CFO
Incoming CFO age 53 years Age of incoming Chief Financial Officer Doug Hott
Start as VP of Finance August 2019 Doug Hott’s start date as Vice President of Finance
Start as VP Finance, Strategy & Corp Dev July 2024 Date Hott assumed broader finance, strategy and corporate development role
Item 5.02 regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;"
Regulation S-K regulatory
"material interest subject to disclosure under Item 404(a) of Regulation S-K."
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
emerging growth company regulatory
"Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). 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.
Understanding 8-K Material Events →
Snap Inc false 0001564408 0001564408 2026-04-17 2026-04-17
 
 

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): April 20, 2026 (April 17, 2026)

 

 

SNAP INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

 

Delaware   001-38017   45-5452795

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

3000 31st Street

Santa Monica, California

   90405
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s Telephone Number, Including Area Code: (310) 399-3339

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:

 

☐

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, par value $0.00001 per share   SNAP   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. ☐

 

 
 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Departure of Chief Financial Officer

On April 17, 2026, Derek Andersen, our Chief Financial Officer, notified us that he will leave Snap for a new professional opportunity. Mr. Andersen’s last day at Snap is expected to be May 8, 2026. Mr. Andersen has confirmed that his decision is not related to any disagreement with us on any matter relating to our accounting, strategy, management, operations, policies, or practices (financial or otherwise).

(c) Appointment of Chief Financial Officer

In connection with the departure of Mr. Andersen, we plan to appoint Doug Hott, our current Vice President of Finance, Strategy, and Corporate Development, to serve as our Chief Financial Officer. Since July 2024, Mr. Hott, age 53, has served as our Vice President of Finance, Strategy and Corporate Development. Prior to that role, Mr. Hott served as our Vice President of Finance from August 2019 to July 2024. Mr. Hott holds a B.S. in Physics from Bradley University, and an M.S. in Astrophysics and an M.B.A. from the University of Cincinnati.

Mr. Hott does not have any family relationship with any of our board of directors or any executive officer. There are no relationships or related transactions between Mr. Hott and us in which Mr. Hott has a material interest subject to disclosure under Item 404(a) of Regulation S-K.

Information required by Item 5.02(c)(3) of Form 8-K has not been determined as of the date of this report. We will file an amendment to this Current Report on Form 8-K, if necessary, to disclose such information within four business days after such information is determined or becomes available.

 

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.

 

    SNAP INC.
Date: April 20, 2026     By:  

/s/ Zachary Briers

      Zachary Briers
General Counsel

Source: View Original Filing on SEC EDGAR

FAQ

Why is Snap (SNAP) changing its Chief Financial Officer?

Snap’s CFO Derek Andersen notified the company on April 17, 2026 that he will leave for a new professional opportunity. Snap states his decision is not related to any disagreement regarding accounting, strategy, management, operations, policies, or practices, financial or otherwise.

When will Snap (SNAP) CFO Derek Andersen leave the company?

Derek Andersen’s last day at Snap is expected to be May 8, 2026. Until then, he continues serving as Chief Financial Officer while the company prepares to transition the role to his designated internal successor, Doug Hott.

Who will become the new Chief Financial Officer of Snap (SNAP)?

Snap plans to appoint Doug Hott as its new Chief Financial Officer. Hott currently serves as Vice President of Finance, Strategy and Corporate Development and has held senior finance roles at Snap since August 2019, providing internal continuity in leadership.

What is the background of incoming Snap (SNAP) CFO Doug Hott?

Doug Hott, age 53, has been Snap’s Vice President of Finance, Strategy and Corporate Development since July 2024 and previously served as Vice President of Finance from August 2019. He holds degrees in physics, astrophysics, and an M.B.A. from the University of Cincinnati.

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