0001846069False00018460692024-07-032024-07-03

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): July 3, 2024
Nextdoor Holdings, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware001-4024686-1776836
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(IRS Employer
Identification No.)
420 Taylor Street
San Francisco, California
(Address of principal executive offices)

94102
(Zip Code)
(415) 344-0333
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Class A common stock, par value $0.0001 per share
KIND
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(d) On July 3, 2024, the Board of Directors (the “Board”) of Nextdoor Holdings, Inc. (the “Company”), following a recommendation from the Nominating, Corporate Governance and Corporate Responsibility Committee of the Board (the “Governance Committee”), appointed Elisa Steele to serve as a Class I director of the Company and as a member of the Governance Committee, effective July 3, 2024. Ms. Steele will serve as a director until the earliest to occur of the Company’s 2025 annual meeting of stockholders and until her successor is duly elected and qualified, or until her death, resignation, disqualification or removal.

Ms. Steele’s compensation will be as provided under the Company’s non-employee director compensation program, as amended, as described in the Company’s supplement to its definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on May 7, 2024.

There is no arrangement or understanding between Ms. Steele and any other persons pursuant to which Ms. Steele was selected as a director. Ms. Steele is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The Company plans to enter into its standard form of indemnification agreement with Ms. Steele. The form of the indemnification agreement was previously filed by the Company as Exhibit 10.6 to the Company’s Current Report on Form 8-K filed with the SEC on November 12, 2021 and is incorporated by reference herein.

Item 7.01 Regulation FD Disclosure.

On July 10, 2024, the Company issued a press release announcing the appointment of Ms. Steele to the Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit NumberDescription
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NEXTDOOR HOLDINGS, INC.
Date: July 10, 2024
By:
/s/ Matt Anderson
Matt Anderson
Chief Financial Officer

Exhibit 99.1
Nextdoor Appoints Elisa Steele to Board of Directors

Ms. Steele brings a unique combination of C-level leadership, marketing, and public-company expertise to Nextdoor as it builds the essential neighborhood network

SAN FRANCISCO, July 10, 2024 — Nextdoor Holdings, Inc. (NYSE: KIND), the essential neighborhood network, is pleased to announce the appointment of technology industry pioneer Elisa Steele to its board of directors. Ms. Steele is a former CEO, CMO, and executive of several leading technology companies including Jive Software, Microsoft, Namely, Skype and Yahoo! She is an experienced public board director and serves on the board of directors of Amplitude (AMPL), Bumble (BMBL), JFrog (FROG), and Procore Technologies (PCOR).

Ms. Steele’s appointment follows the return of Nextdoor’s founder and CEO, Nirav Tolia, in March 2024. Since then, Nextdoor has revitalized its Board to include veteran technology executives Marissa Mayer, former CEO of Yahoo!, Niraj Shah, CEO, Co-Chairman and Co-Founder of Wayfair, and Robert Hohman, Co-Founder and Chairman of Glassdoor.

“Ms. Steele is a true industry visionary, with over 30 years of experience scaling multiple pioneering consumer technology brands,” said Nirav Tolia, Nextdoor’s CEO. “With a unique, successful track record delivering at both the CEO and CMO level, Ms. Steele’s differentiated perspective will help propel Nextdoor as we build the definitive internet service in local. We are thrilled to welcome Ms. Steele to Nextdoor’s board.”

“Nextdoor is committed to the transformative power of technology to build local, meaningful community relationships,” said Elisa Steele. “I’m passionate about leveraging my skills and experience to scale technology businesses. It’s an exciting time to join Nextdoor, as the company focuses on delivering a connected product experience that dramatically improves the quality of people’s lives.”

Nextdoor uses its Investor Relations website (investors.nextdoor.com), its X handle (twitter.com/Nextdoor), and its LinkedIn Home Page (linkedin.com/company/nextdoor-com) as a means of disseminating or providing notification of, among other things, news or announcements regarding its business or financial performance, investor events, press releases, and earnings releases, and as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

About Elisa Steele

Ms. Steele currently serves on the board of directors of Amplitude (AMPL), Bumble (BMBL), JFrog (FROG), and Procore Technologies (PCOR). Ms. Steele previously served as a director and Chair of the board of directors of Namely, Inc., a human resources software company, from August 2017 to September 2022, and served as Chief Executive Officer from August 2018 to July 2019. Prior to joining Namely, Ms. Steele held various positions at Jive Software, Inc., a collaboration software company (acquired by Aurea Software, Inc.), including Chief Executive Officer and President from February 2015 to July 2017. Prior to joining Jive Software, Ms. Steele served as Chief Marketing Officer and Corporate Vice President, Consumer Apps & Services at Microsoft Corporation, a worldwide provider of software, services and solutions, and Chief Marketing Officer of Skype, an internet communications company. Ms. Steele has also held executive leadership positions at


Yahoo! Inc. and NetApp, Inc. Ms. Steele previously served as Chair of the board of directors of Cornerstone on Demand and as a director of Splunk (acquired by Cisco). Ms. Steele holds a B.S. in Business Administration from the University of New Hampshire and an M.B.A. from the Lam Family College of Business at San Francisco State University.

About Nextdoor

Nextdoor (NYSE: KIND) is the essential neighborhood network. Neighbors, businesses of all sizes, and public agencies in more than 335,000 neighborhoods across 11 countries turn to Nextdoor to connect to the neighborhoods that matter to them so that they can thrive. As a purpose-driven company, Nextdoor leverages innovative technology to cultivate a kinder world where everyone has a neighborhood they can rely on — both online and in the real world. Download the app or join the neighborhood at nextdoor.com.

For more information and assets, visit nextdoor.com/newsroom.

Contacts

Nextdoor Investor Relations:

John T. Williams
ir@nextdoor.com

Nextdoor Media Relations:

Kelsey Grady
Antonia Gray
press@nextdoor.com








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