This presentation contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include statements relating to our financial guidance for the second quarter of 2022 and key drivers thereof; our opportunity; the impact of our “Right to Win” and other growth strategies, including our strategies for integrating our “House of Brands” marketplaces, marketing and product initiatives, and investments and other levers of growth on our business and operating results, including future GMS and revenue growth; our ability to attract, engage, and retain buyers and sellers; our plans for investments in our marketplaces and in our member support programs; strategic investments or acquisitions and the potential benefits thereof; our intended environmental and social impacts; the global macroeconomic uncertainty, including additional or unforeseen impacts that the COVID-19 pandemic and general market, political, economic, and business conditions may have on our business, strategy, operating results, key metrics, financial condition, profitability, and cash flows; changes in overall levels of consumer spending and e-commerce generally; and volatility in the global economy. Forward-looking statements include all statements that are not historical facts. In some cases, forward-looking statements can be identified by terms such as “aim,” “anticipate,” “believe,” “could,” “enable,” “estimate,” “expect,” “goal,” “intend,” “may,” “outlook,” “plan,” “potential,” “target,” “will,” or similar expressions and derivative forms and/or the negatives of those words.

Forward-looking statements involve substantial risks and uncertainties that may cause actual results to differ materially from those that we expect. These risks and uncertainties include: (1) our ability to sustain our rapid growth; (2) risks related to the ongoing COVID-19 pandemic, which continues to impact our business and results of operations in numerous volatile and unpredictable ways, as well as risks of reversal of the shift to e-commerce when the pandemic abates; (3) the fluctuation of our quarterly operating results; (4) our failure to meet our publicly announced guidance or other expectations; (5) our ability to successfully execute on our business strategy or if our strategy proves to be ineffective; (6) our ability to attract and retain active and engaged communities of sellers and buyers; (7) macroeconomic events that are outside of our control; (8) our ability to recruit and retain employees; (9) the importance to our success of the trustworthiness of our marketplaces and the connections within our communities; (10) our ability to enhance our current offerings and develop new offerings to respond to the changing needs of sellers and buyers; (11) the effectiveness of our marketing efforts; (12) the effectiveness of our mobile solutions for sellers and buyers; (13) our ability to expand our business in our core geographic markets; (14) regulation in the area of privacy and protection of user data; (15) our dependence on third-party payment providers; (16) our ability to successfully integrate the Depop and Elo7 acquisitions and execute on our “House of Brands” strategy; (17) acquisitions that may prove unsuccessful or divert management attention; and (18) the potential misuse or disclosure of sensitive information about members of our communities and the potential for cyber-attacks. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission, including in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the year ending December 31, 2021 and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur.

Forward-looking statements represent our beliefs and assumptions only as of the date hereof. We disclaim any obligation to update forward-looking statements.

Press Release Details

View all news

Etsy Announces Results of 2016 Annual Meeting of Stockholders

June 09, 2016

BROOKLYN, N.Y., June 9, 2016 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods, announced that during its annual meeting held earlier today, stockholders voted to elect both company Board nominees and to ratify the appointment of PricewaterhouseCoopers LLP as Etsy's independent registered public accounting firm for 2016.

Etsy is excited to welcome Margaret (Peggy) M. Smyth as a Class I director and member of the Audit Committee, effective immediately. Peggy, who currently serves as the U.S. Chief Financial Officer of National Grid, brings more than three decades of public company and executive leadership experience to Etsy's Board. Peggy has expertise in public-company finance, accounting, reporting, and strategic planning for global organizations.

"Peggy has an impressive track record as a leader of finance, accounting, and audit teams at global companies, and we believe her expertise and strategic perspective will complement our accomplished Board's wide range of skills and experiences," said Chad Dickerson, Etsy, Inc. CEO and Chair. 

During the meeting, Class I director Jonathan Klein, who has served on Etsy's Board since 2011, was re-elected, and both he and Peggy will serve three-year terms.

Etsy also announced that Jim Breyer, Founder and CEO of Breyer Capital, has stepped down from Etsy's Board, effective today. One of Etsy's earliest investors, Jim served as a Director since 2008 and was a member of the Nominating and Corporate Governance Committee. During his eight years of service, Jim supported Etsy's growth, provided guidance throughout the IPO process, and served as a trusted advisor to Etsy's leadership team.

"We can't thank Jim enough for his tremendous contributions to Etsy over the past eight years," continued Chad. "As an early supporter of Etsy's unique vision and operating philosophy, Jim has played an instrumental role in our growth and expansion. We are grateful for his service and look forward to his ongoing support as a member of our community."

About Peggy Smyth
Peggy has served as the U.S. Chief Financial Officer of National Grid since October 2014. Previously, Peggy served as Vice President of Finance at Con Edison, Vice President and CFO at Hamilton Sundstrand, and Vice President and Corporate Controller for United Technologies Corp. Earlier in her career, Peggy served as the Vice President and Chief Accounting Officer of 3M and in senior leadership roles at Deloitte & Touche and at Arthur Andersen. In addition, Peggy has served on the Board of Directors of Martha Stewart Living Omnimedia and Vonage Holdings Corporation.

For more information on Peggy's election to the Board, please read the post on the Etsy News Blog.

About Etsy

Etsy is a marketplace where millions of people around the world connect, both online and offline, to make, sell and buy unique goods. The Etsy community includes the creative entrepreneurs who sell on our platform, thoughtful consumers looking to buy unique goods in our marketplace, retailers and manufacturers who partner with Etsy sellers to help them grow their businesses, and Etsy employees who maintain our platform and nurture our ecosystem. Our mission is to reimagine commerce in ways that build a more fulfilling and lasting world, and we're committed to using the power of business to strengthen communities and empower people.

Etsy was founded in 2005 and is headquartered in Brooklyn, New York.

To view the original version on PR Newswire, visit:https://www.prnewswire.com/news-releases/etsy-announces-results-of-2016-annual-meeting-of-stockholders-300282579.html

SOURCE Etsy, Inc.

Investor Relations Contact: Etsy, Jennifer Beugelmans, ir@etsy.com; Media Contacts: Etsy, Kelly Clausen, press@etsy.com

Categories: Press Releases
View all news