On February 21, 2019, Diane Musi tendered her resignation as the General Counsel and Corporate Secretary of Care.com, Inc., such resignation to be effective on May 1, 2019. Ms. Musi's successor has been determined, and Ms. Musi will assist in the transition of the General Counsel and Corporate Secretary roles until her departure from the Company. On February 27, 2019, Laela Sturdy, a current member of the Board, advised the Company that she will not stand for re-election as a Class III director at the 2019 Annual Meeting and CapitalG provided notice to the Company that it was waiving its rights pursuant to Section 4.4 of the Investment Agreement to nominate and elect a director to the Board in connection with the 2019 Annual Meeting. Ms. Sturdy will maintain her committee memberships through the 2019 Annual Meeting. Ms. Sturdy has served on the Board in connection with the Investment Agreement (the Investment Agreement"), dated June 29, 2016, between CapitalG LP (formerly Google Capital 2016, L.P.) (CapitalG") and the Company, which was previously disclosed in the Company's Form 8-K filed with the Securities and Exchange Commission on June 29, 2016.
Care.com, Inc. is an online marketplace for finding and managing family care. The Company has over 31.7 million members, including 18.3 million families and over 13.4 million caregivers, spanning 20 countries. Its consumer matching solutions allow families to search for, qualify, vet, connect with and select caregivers. It also provides caregivers with solutions to create personal profiles, describe their skills and experience, and otherwise differentiate and market themselves in a fragmented marketplace. In addition to consumer matching solutions, the Company offers its members products and services to facilitate their interaction with caregivers. It serves employers by providing access to certain of its products and services to employer-sponsored families. In addition, it serves care-related businesses, such as day care centers, nanny agencies and home care agencies, willing to market their services to its care-seeking families and recruit its caregiver members.