Since September 2022, Mr. Taylor has held the position of Chief Executive Officer at Kickstarter, a crowdsourcing website. Mr. Taylor was the Chief Marketing Officer of Artsy, Inc., an online art brokerage, from December 2019 to September 2022, prior to joining Kickstarter. Mr. Taylor was the Chief Marketing Officer of Skurt, an on-demand automobile rental firm that Fair.com later purchased, from 2016 until 2018. Mr. Taylor established ET Enterprises in 2013, which consists of a variety of businesses, such as the social networking software startup PopSocial, the marketing agency MilliSense, the arts and culture brand ArtX, and the online community and software startup GrowthHackers. Mr. Taylor was also PopSocial’s Chief Executive Officer from July 2016 to December 2019. Mr. Taylor’s involvement in the art and design worlds, along with his extensive operational experience with two-sided marketplaces, make him an asset to the Board.
The Second revised and Restated Non-Employee Director Compensation Policy of the Board of Directors of 1stdibs.com, as revised from time to time, will be the basis for Mr. Taylor’s payment for his work as a non-employee director. Mr. Taylor will be paid an annual cash retainer of $30,000 for his service on the board and $6,000 for his work as a member of the compensation committee in accordance with the Non-Employee Director Compensation Policy. According to the terms outlined in the Non-Employee Director Compensation Policy, Mr. Taylor was granted an annual grant of restricted stock units under the Company’s 2021 Stock Incentive Plan upon his appointment to the Board. This grant vests on the earlier of June 8, 2024, and the completion of a change in control as defined by the 2021 Plan. $150,000 will be the grant date fair market value of the Annual Award, prorated according to the number of days between May 11, 2024, and Mr. Taylor’s appointment to the Board. A restricted stock unit award worth $150,000 was also given to Mr. Taylor upon his appointment to the Board. This award vests in equal annual installments on each of the next three anniversaries of March 8, 2024, or, if earlier, upon the completion of a change in control as specified in the 2021 Plan, provided he continues to serve as a director of the company.
The Company anticipates entering into its normal form of indemnity agreement with Mr. Taylor in connection with his nomination as a director. There are no family ties between Mr. Taylor and any director, executive officer, or candidate for director or officer position nominated or selected by the company. There are no transactions involving Mr. Taylor that need to be mentioned.
A news release was released by the Company on February 14, 2024, announcing Mr. Taylor’s nomination to the Board.
