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Snap Inc. (NYSE:SNAP) announced Wednesday that Michael O’Sullivan, the company’s General Counsel and Secretary, has notified the company of his intention to leave his position effective December 31, 2025. The information was disclosed in a press release statement based on a filing with the U.S. Securities and Exchange Commission.
According to the filing, O’Sullivan informed Snap Inc . of his planned departure on September 3, 2025. The company stated that O’Sullivan confirmed his decision to leave is not related to any disagreement with Snap Inc. regarding its accounting, strategy, management, operations, policies, or practices, whether financial or otherwise.
O’Sullivan has served as General Counsel and Secretary of Snap Inc., which is headquartered in Santa Monica, California. The company’s Class A common stock is listed on the New York Stock Exchange under the ticker symbol SNAP.
No details were provided regarding the selection of a successor or any changes to O’Sullivan’s compensation arrangements in connection with his departure. The company did not disclose further information about the transition process.
All information is based on a press release statement contained in a recent SEC filing.
In other recent news, Snap Inc. reported a slowdown in its third-quarter global audience growth, with a 2.3% increase compared to the previous quarter’s 3.9%, according to Guggenheim’s analysis. Additionally, global downloads have declined by 12.6% in the third quarter, worsening from a 5.5% decline in the second quarter. In financial maneuvers, Snap Inc. has issued $550 million in senior notes due in 2034, with an interest rate of 6.875%, as part of a private offering. The company estimates net proceeds of approximately $541.3 million from this issuance. Meanwhile, Freedom Broker upgraded Snap’s stock rating to Buy despite the company’s disappointing second-quarter results, citing strong user engagement. However, the firm lowered its price target for Snap from $10.00 to $9.00 due to weaker-than-anticipated monetization and technical disruptions on the advertising platform. Snap has also announced plans to repurchase convertible debt, aligning with its recent financial strategies.
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