Shutterstock, Inc. filed a Form 8-K with the SEC on November 5, 2026, disclosing the appointment of Scott Grossman as Interim Chief Financial Officer effective November 2, 2026, alongside the departure of outgoing CFO Rik Powell, and announcing third-quarter 2026 financial results.

Key Highlights

  • New Interim CFO: Scott Grossman, age 50, was appointed Interim Chief Financial Officer effective November 2, 2026, according to the filing.
  • CFO departure: Rik Powell ceased serving as Chief Financial Officer on November 2, 2026, and the filing states he will depart the company on November 13, 2026.
  • Base salary: The Board and Compensation Committee approved an annual base salary of $450,000 for Grossman in his interim role.
  • Bonus target: Grossman's annual cash bonus opportunity carries a target award equal to 60% of his base salary, pro-rated for his initial year, per the filing.
  • Internal background: Grossman joined Shutterstock in May 2022 and most recently served as Senior Vice President, Global Head of Finance from July 2026 until November 2026.
  • Q3 2026 results: The company issued a press release on November 5, 2026, reporting financial results for the fiscal period ended September 30, 2026, furnished as Exhibit 99.1.

Grossman Appointment and Powell Departure at Shutterstock

According to the filing, Shutterstock, Inc. (NYSE:SSTK) announced on November 5, 2026, that Scott Grossman would assume the role of Interim Chief Financial Officer, effective November 2, 2026. Concurrent with that appointment, Rik Powell ceased to serve as CFO on the same date and is set to depart the company on November 13, 2026, as the filing states.

The company disclosed that the Board of Directors and the Compensation Committee approved Grossman's compensation package, consisting of an annual base salary of $450,000 and an annual cash bonus opportunity with a target award equal to 60% of his base salary. The bonus is based on the achievement of individual and company performance-based objectives established by the Compensation Committee and is pro-rated for his initial year of service, according to the filing.

The filing describes Grossman's internal career at Shutterstock, beginning as Vice President, Corporate Financial Planning and Analysis in May 2022, progressing through roles including Global Head of Financial Planning and Analysis and Senior Vice President, Finance Strategy and Investor Relations, before serving as Senior Vice President, Global Head of Finance from July 2026 until his appointment. Prior to Shutterstock, the filing notes he held positions at Compass, Inc. (NYSE: COMP) and Spotify Technology S.A. (NYSE: SPOT), among other media and advertising companies. The filing states there are no arrangements, family relationships, or related-party transactions requiring disclosure in connection with his selection.

What Was Disclosed

Shutterstock's Form 8-K reported the appointment of Scott Grossman as Interim CFO effective November 2, 2026, the planned departure of Rik Powell by November 13, 2026, Grossman's approved compensation terms, and the furnishing of a press release covering third-quarter 2026 financial results.