October 23, 2016 7:17 PM ET

Internet Software and Services

Company Overview of Spark Networks, Inc.

Company Overview

Spark Networks, Inc. provides online personals services in the United States and internationally. It operates in four segments: Jewish Networks, Christian Networks, Other Networks, and Offline and Other Businesses. The company creates iconic, niche-focused brands and communities that help individuals form life-long relationships with others that share their interests and values. Its primary properties include JDate.com and ChristianMingle.com, which are communities geared towards singles of the Jewish and Christian faiths. The company, through its Websites and mobile applications, helps members search for and communicate with other like-minded individuals. Its online singles properties provi...

11150 Santa Monica Boulevard

Suite 600

Los Angeles, CA 90025

United States

Founded in 2007

129 Employees





Key Executives for Spark Networks, Inc.

Executive Chairman
Age: 50
Chief Financial Officer and Corporate Secretary
Age: 35
Total Annual Compensation: $187.5K
Compensation as of Fiscal Year 2015.

Spark Networks, Inc. Key Developments

Spark Networks, Inc. Approves Amended and Restated Bylaws

On September 23, 2016, Spark Networks, Inc.'s Board approved the amended and restated bylaws of the company.

Spark Networks, Inc.(AMEX:LOV) dropped from S&P Global BMI Index

Spark Networks, Inc.(AMEX:LOV) dropped from S&P Global BMI Index

Spark Networks, Inc. Announces Management Changes

On August 9, 2016, Spark Networks, Inc. issued and sold to PEAK6 Investments, L.P. an aggregate of 5,000,000 shares of common stock of the company at a purchase price of $1.55 per share pursuant to the terms of a purchase agreement dated as of August 9, 2016 for an aggregate purchase price of $7.75 million. Daniel Rosenthal was appointed the company’s Chief Executive Officer and David Budworth was appointed the company’s Chief Technology Officer, each effective as of August 11, 2016. Daniel Rosenthal and Brad Goldberg were also appointed to the company’s board of directors as PEAK6’s director designees pursuant to the purchase agreement, effective as of August 10, 2016. Mr. Goldberg was also appointed as a member of the nominating committee and compensation committee of the board of directors, effective as of August 10, 2016. Mr. Rosenthal is joining the company from PEAK6 Investments, L.P. Since December 2015, Mr. Rosenthal has overseen the development of electronic trading strategies and served as a member of the board of directors of Apex Clearing Corporation. Mr. Budworth is also joining the company from PEAK6 where he served as Chief Architect from January 2008 to August 2016, overseeing technical design, structure and management across a diverse range of investments. In addition to his role as Chief Architect, Mr. Budworth also served as CTO of PEAK6 Capital Management LLC, from January 2011 to February 2013. Mr. Goldberg joined PEAK6 in 2009 and has been President since 2012. In such role, Mr. Goldberg has partnered with leaders who oversee each of PEAK6’s operating companies and business operations across the firm to strategically manage PEAK6’s growth. In connection with the transactions with PEAK6, the employment of Michael Egan, the company’s Chief Executive Officer, Shailen Mistry, the company’s Chief Technology Officer, and John Volturo, the company’s Chief Marketing Officer, will terminate with the company effective as of September 9, 2016. Mr. Egan resigned from the company’s board of directors effective as of August 10, 2016.

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