Shutterstock, Inc. Appoints Three New Directors to Board

What Happened

• Shutterstock, Inc. announced on September 8, 2026 that its Board appointed three new independent directors: Timothy Adams, Matthew Salzberg and Michael Thompson. The appointments were recommended by the Nominating and Corporate Governance Committee and became effective September 8, 2026.
• Mr. Adams and Mr. Salzberg were appointed as Class II directors (terms expiring at the Company’s 2026 annual meeting of stockholders) and Mr. Thompson was appointed as a Class III director (term expiring at the Company’s 2027 annual meeting of stockholders). None of the new directors were assigned to Board committees at the time of appointment.

Key Details

• The Board determined each new director qualifies as independent under SEC and NYSE standards.
• Backgrounds: Timothy Adams is CFO of Validity Inc. (since Jan 2026) and former CFO roles at Rapid7 and BitSight; Matthew Salzberg is a CEO/investor and co-founder of Unlimited and Blue Apron; Michael Thompson is Managing Partner of Reinvent Capital and serves on several public and private company boards.
• Compensation: New directors will receive the same pay as Shutterstock’s other non-employee directors (per the company’s Form 10-K Amendment No. 1 filed Apr 24, 2026).
• The filing states there are no arrangements or related-party transactions requiring disclosure and Shutterstock will enter into its standard director indemnification agreements.

Why It Matters

• Board appointments affect corporate governance and oversight. Shutterstock added three independent directors with finance, consumer, technology and investment backgrounds, which may influence board expertise on financial matters, go-to-market and technology strategy.
• For investors, these changes are governance developments to monitor (committee assignments, potential committee chairs, and any future strategic signals), but the filing contains no immediate material financial impacts or related-party transactions.