Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Duolingo (DUOL)

Duolingo Appoints Mario Schlosser to Board, Filling Laela Sturdy Vacancy

Neutral Impact 2 of 5 leadership Written later

Duolingo's Board appointed Mario Schlosser as a Class I director, effective July 1, 2024, to fill the seat vacated by Laela Sturdy's departure. He receives standard non-employee director compensation, including an initial equity award valued at $360,000 and an annual cash retainer of $35,000, which is a routine board change with limited direct financial effect on shareholders.

Key points

  • Mario Schlosser appointed Class I director on June 14, 2024, effective July 1, 2024, filling the vacancy left by Laela Sturdy
  • Annual cash retainer of $35,000, paid quarterly in arrears and prorated for 2024
  • Initial RSU award valued at $360,000, vesting over three years; annual RSU award valued at $180,000

The filing

CompanyDuolingo (DUOL)
Form8-K, current report
Filed with the SECJun 21, 2024, 4:06 PM ET
Accession number0001562088-24-000172

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 21, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.