Grove Collaborative: Director Resignation and New Board Appointment

What Happened

• Grove Collaborative (GROV) filed an 8‑K (Item 5.02) reporting that director Naytri Shroff Sramek resigned from the Board effective August 27, 2026. The company says there were no disagreements with Ms. Sramek about operations, policies or practices and she provided no written statement about her resignation.
• On the same date the Board appointed Jason Karp as a Class III director with a term expiring at the 2028 annual meeting. The Board also appointed existing director John Replogle to the Audit Committee and reduced the size of the Sustainability, Nominating and Governance Committee from three directors to two.

Key Details

• Resignation effective: August 27, 2026 (Naytri Shroff Sramek).
• New director: Jason Karp appointed August 27, 2026; term expires at the 2028 annual meeting.
• Independence/compensation: Board determined Mr. Karp meets NYSE "independent director" standards; he will not receive board compensation and will sign the company’s standard indemnification agreement.
• Committee changes: John Replogle added to the Audit Committee; Sustainability, Nominating & Governance Committee reduced from 3 to 2 members.

Why It Matters

• These are governance-level changes that affect board composition and committee membership—items investors watch for oversight and strategic direction.
• Jason Karp brings consumer brand, health & wellness and investment experience (founder/CEO of HumanCo since 2019; co‑founder of Hu Chocolate; former founder/CEO of Tourbillon Capital Partners); his independence and lack of board pay mean limited immediate financial impact.
• The company reported no disputes with the departing director, which reduces immediate governance risk related to the resignation. The 8‑K was signed and filed on August 31, 2026.