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Form 8-K · Current Report · Filed 2025-03-28

Roku, Inc. Director Ravi Ahuja Resigns to Focus on Sony Pictures Role

On March 25, 2025, Ravi Ahuja, a director of Roku, Inc., notified the Board of his intention to resign effective June 11, 2025, due to his role as President and CEO of Sony Pictures Entertainment.

Filer
Roku Inc. ROKU · NASDAQ
Filed
Accession
0001140361-25-010875
CIK
0001428439
Signal
Medium impactCommunication Services

Details

This resignation is not the result of any disagreement with the Company or the Board. As a result, the size of the Board will be reduced from nine to eight directors.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

Board Member Departure

Market reaction

Close before filing

$76.05

Next session

-7.4%

Since filing

+90.7%

Latest close

$145.01

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ROKU reporting the same item, with the next session's move:

About Roku Inc.

Roku Inc. is a leading player in the streaming media industry, known for manufacturing streaming devices and developing a popular platform for digital media delivery. Established in 2002, Roku's primary function is to provide accessible and user-friendly devices that stream a vast array of entertainment content directly to consumers’ televisions via the internet. It impacts several sectors, including entertainment, digital advertising, and consumer electronics. Roku services extend beyond hardware to include a significant content distribution platform that hosts both free and subscription-based channels, offering content from major networks and studios. The company also caters to advertisers by providing targeted advertising solutions. Roku's devices and services have significantly influenced the way audiences consume media, contributing to the ongoing shift from traditional cable TV to digital streaming platforms. As an innovator in streaming technology, Roku plays a pivotal role in the evolving landscape of home entertainment.

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