David Haddad joins The Trade Desk (NASDAQ: TTD) board and audit committee
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Trade Desk, Inc. appointed David Haddad to its board of directors as a Class III director and to the audit committee, effective June 11, 2026, filling a newly created sixth board seat. Haddad, a veteran media and entertainment executive, previously held senior roles at Warner Bros. Entertainment, Activision Blizzard, Vivendi Games, Mattel and Disney.
Under the company’s non-employee director compensation program, he will receive annual cash compensation of $50,000 for board service and $12,500 for audit committee service. He is also eligible for an initial equity grant valued at $290,000, vesting quarterly over three years, and a prorated annual equity grant valued at $290,000, vesting at the next annual stockholder meeting. The company will enter into an indemnification agreement with him similar to those for its other directors.
Positive
- None.
Negative
- None.
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, and exhibit attachments filed with this report.
Key Figures
Board size after appointment: 6 directors
Annual board cash fee: $50,000
Annual audit committee cash fee: $12,500
+4 more
7 metrics
Board size after appointment
6 directors
Board increased from five to six members with Haddad
Annual board cash fee
$50,000
Non-employee director annual compensation for board service
Annual audit committee cash fee
$12,500
Additional annual compensation for audit committee service
Initial equity grant value
$290,000
Initial equity award vesting quarterly over three years
Annual equity grant value
$290,000
Prorated from appointment to next annual stockholder meeting
Effective appointment date
June 11, 2026
Date Haddad joins board and audit committee
Press release date
June 9, 2026
Date of public announcement of Haddad’s appointment
Key Terms
non-employee director compensation program, 2025 Incentive Award Plan, restricted stock units, audit committee, +1 more
5 terms
non-employee director compensation program financial
"Mr. Haddad will be entitled to participate in the Company’s non-employee director compensation program"
2025 Incentive Award Plan financial
"under the Company’s 2025 Incentive Award Plan, Mr. Haddad will be eligible to receive"
restricted stock units financial
"which he may elect to receive in the form of restricted stock, restricted stock units, stock options or a mix"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
audit committee financial
"appointed David Haddad to the Board as a Class III director and to serve on the audit committee of the Board"
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.
indemnification agreement regulatory
"The Company will also enter into an indemnification agreement with Mr. Haddad in substantially the same form"
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.
FAQ
What did The Trade Desk (TTD) announce in this Form 8-K?
The Trade Desk announced the appointment of David Haddad to its board of directors as a Class III director and to the audit committee, effective June 11, 2026. His appointment increases the board size from five to six directors and includes standard director compensation and indemnification.
Who is David Haddad, the new director at The Trade Desk (TTD)?
David Haddad is a veteran media and entertainment executive with more than three decades of leadership experience. He most recently served as President of WB Games at Warner Bros. Entertainment and previously held senior roles at Activision Blizzard, Vivendi Games, Mattel and Disney across global businesses.
What compensation will David Haddad receive as a The Trade Desk (TTD) director?
Haddad will receive $50,000 annually for board service and $12,500 for audit committee service, under the non-employee director compensation program. He is also eligible for an initial $290,000 equity grant and a prorated annual $290,000 equity grant, subject to standard vesting terms.
What equity awards will David Haddad receive from The Trade Desk (TTD)?
Haddad is eligible for two types of equity awards: an initial grant valued at $290,000 vesting in equal quarterly installments over three years, and a prorated annual grant valued at $290,000 vesting in full at the next annual stockholder meeting, with flexible choice of equity forms.
Will The Trade Desk (TTD) provide indemnification to David Haddad?
The Trade Desk will enter into an indemnification agreement with Haddad in substantially the same form used for its other directors. Such agreements typically protect directors against certain liabilities incurred in their official capacity, aligning his protections with existing board members’ protections at the company.