Every material Form 8-K Shutterstock, Inc. has filed with the SEC since September 08, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Shutterstock reported third-quarter 2026 revenue of $173.9 million, down 33% from $260.1 million a year earlier, and a net loss of $197.8 million, including a $195.6 million after-tax goodwill impairment charge. Chief Financial Officer Rik Powell is leaving, with Scott Grossman named Interim Chief Financial Officer, which adds leadership change to a quarter of sharp declines in revenue and earnings.
Revenue was $173.9 million versus $260.1 million; Content revenue fell 19% to $158.1 million and Data, Distribution, and Services fell 76% to $15.8 million.
Net loss per diluted share was $5.35 versus net income of $0.37; adjusted net income per diluted share was $0.45 versus $0.99.
Adjusted EBITDA was $41.8 million versus $79.4 million; cash and cash equivalents were $110.5 million at September 30, 2026.
Rik Powell ceased to serve as CFO effective November 2, 2026 and departs November 13, 2026; Scott Grossman is interim CFO with a base salary of $450,000.
Shutterstock founder Jon Oringer returned as Chief Executive Officer and Chairman, effective October 28, 2026, replacing interim CEO Rik Powell, who remains Chief Financial Officer. Hichame Assi, CEO of the Company's Envato unit, was named President and Chief Operating Officer, and the company said it will not hold its scheduled third quarter 2026 earnings call on November 5, 2026, citing an ongoing review of its strategic direction.
Oringer's base salary rose from $1.00 to $1,000,000; he is not eligible for an annual cash bonus for the rest of fiscal 2026 or fiscal 2027
Assi's fixed pay is AUD 775,000 a year, with a target bonus of up to 60% from fiscal 2027, and RSU awards with a target value of $1.5 million
The company will not hold its previously scheduled third quarter 2026 earnings conference call on November 5, 2026
Shutterstock said its board appointed Timothy Adams, Matthew Salzberg and Michael Thompson as directors, effective September 8, 2026. The board determined that all three are independent under SEC rules and NYSE listing standards, and none has been placed on a board committee yet.
Board appointed the three directors on September 4, 2026, effective September 8, 2026.
Adams and Salzberg are Class II directors with terms expiring at the 2026 annual meeting; Thompson is a Class III director with a term expiring at the 2027 annual meeting.
Adams is CFO of Validity Inc. and previously was CFO of Rapid7, Inc.; Salzberg founded Blue Apron and led its 2017 IPO.
New directors receive the same compensation as the company's other non-employee directors.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Shutterstock, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →