A Seattle-based digital platform for sending money across borders, letting people in one country instantly transfer funds to friends and family abroad through an app. It earns revenue from transfer fees and exchange-rate spreads on consumer remittances. The idea was born when co-founder Matt Oppenheimer, working for a bank in Kenya, saw how costly and slow it was for immigrants to send money home. Launched in 2011 as BeamIt Mobile, it later renamed itself Remitly as a play on the word "remit" — the technical term for a money transfer.
Remitly Global holds 2026 Annual Meeting, elects three directors and approves executive compensation and auditor ratification.
Stockholders elected Bora Chung, Laurent Le Moal, and Nigel Morris to the Board of Directors for terms expiring at the 2029 annual meeting.
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Remitly Global, Inc. held its 2026 Annual Meeting of Stockholders on June 10, 2026, with a quorum present.
The advisory vote on executive compensation was approved with 135,017,111 votes for, 5,226,478 against, and 98,493 abstentions.
The ratification of PricewaterhouseCoopers LLP as independent auditor for fiscal year 2026 was approved with 153,679,087 votes for, 7,056,245 against, and 131,795 abstentions.
The report was filed under Item 5.07 to disclose the results of the stockholder votes.
5.07 Submission of Matters to a Vote of Security Holders
Remitly appoints Adam Messinger to its Board of Directors, expanding board to 11 members.
On April 6, 2026, Remitly Global, Inc. increased its Board size from 10 to 11 directors and appointed Adam Messinger as a Class III director with a term expiring at the 2027 annual meeting.
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Messinger also joined the Talent and Compensation Committee of the Board as of the Effective Date.
Messinger, former CTO of Twitter, brings over 20 years of software development and technical leadership experience, including roles at Oracle and as a technology advisor to Chime.
He will receive compensation under the company's non-employee director compensation policy and be indemnified under the standard director indemnification agreement.
A press release announcing the appointment was issued on April 10, 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Remitly appoints Sebastian Gunningham as CEO, effective February 19, 2026; co-founder Matt Oppenheimer becomes Chairman.
Matt Oppenheimer will cease employment but continue as Chair of the Board; Board expands from nine to ten members.
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Sebastian Gunningham appointed CEO and Board member effective February 19, 2026, succeeding co-founder Matt Oppenheimer.
Gunningham receives $350,000 annual base salary, 1,462,500 PSUs, 787,500 RSUs, and a $4,000,000 cash payment with clawback provisions.
Chief Business Officer Pankaj Sharma is eligible for a $2,000,000 long-term cash incentive, paid 50% in February 2026 and 50% in February 2027.
The transition was part of an orderly succession plan and not due to any disagreement on financial reporting or accounting policies.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits