Netflix said Elinor Mertz was appointed to its board of directors on June 22, 2025, effective immediately, for a term expiring at the 2026 annual meeting of stockholders. The company said Mertz was also assigned to the Audit Committee.

1. 01

   Netflix said Elinor Mertz was appointed to its board of directors on June 22, 2025, effective immediately, for a term expiring at the 2026 annual meeting of stockholders. The company said Mertz was also assigned to the Audit Committee.

2. 02

   Netflix said Leslie Kilgore moved from the Audit Committee to the Compensation Committee concurrently with Mertz's appointment. The company said Kilgore will serve as chair of the Compensation Committee.

3. 03

   Netflix said Jay Hoag did not receive a majority of votes cast in his election to the board, and offered his resignation, conditioned on board acceptance. The company said the board rejected the resignation on June 22, 2025. The company said Hoag will continue to serve as lead independent director and as a member of the Nominating and Governance Committee until the 2026 annual meeting of stockholders.

4. 04

   In a press release, Netflix said Mertz has served as Airbnb's CFO since March 2024, and held finance roles at Netflix from 2006 to 2013. The company said it grants non-employee directors stock options on the first trading day of each month, with the number of options set by the formula $25,000 / (fair market value x 0.40).

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Original filing

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