Unity Software (NYSE: U) board member Shlomo Dovrat plans July 2026 exit
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Unity Software Inc. reported that board member Shlomo Dovrat informed the Board of Directors on July 13, 2026 of his intention to resign as a director of the company.
His resignation from the Board will be effective July 24, 2026. Unity’s common stock, with a par value of $0.000005 per share, is listed on the New York Stock Exchange under the symbol U.
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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 notice date: July 13, 2026
Resignation effective date: July 24, 2026
Par value of common stock: $0.000005 per share
3 metrics
Resignation notice date
July 13, 2026
Date the director informed the Board of intention to resign
Resignation effective date
July 24, 2026
Date the director’s resignation from the Board becomes effective
Par value of common stock
$0.000005 per share
Par value of Unity Software Inc. common stock listed on NYSE
Key Terms
Emerging growth company, Section 12(b), Exchange Act
3 terms
Emerging growth company regulatory
"may be deemed an Emerging growth company under applicable rules"
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) regulatory
"Securities registered pursuant to Section 12(b) of the Act"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
Exchange Act regulatory
"under the Securities Exchange Act of 1934"
A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.
FAQ
What board change did Unity Software (U) disclose involving Shlomo Dovrat?
Unity Software disclosed that board member Shlomo Dovrat intends to resign as a director. He notified the Board of his resignation plans on July 13, 2026, and the change affects the company’s Board composition.
When will Shlomo Dovrat’s resignation from Unity Software (U) become effective?
Shlomo Dovrat’s resignation from Unity Software’s Board will be effective on July 24, 2026. Until that date, he remains a member of the Board, after which his service as a director will end.
What role did Shlomo Dovrat hold at Unity Software (U) before his resignation?
Before his resignation, Shlomo Dovrat served as a member of the Board of Directors of Unity Software Inc. His departure relates specifically to his position as a director, not to an executive management role.
On what date did Unity Software (U) receive notice of Shlomo Dovrat’s intent to resign?
Unity Software received notice of Shlomo Dovrat’s intent to resign from its Board on July 13, 2026. That notification date is separate from the later effective date of his resignation.
What is the par value of Unity Software (U) common stock listed on the NYSE?
Unity Software’s common stock listed on the New York Stock Exchange has a par value of $0.000005 per share. The stock trades under the symbol U as stated in the company’s registration details.