Specialized Disclosure Report (sd)
26 Maio 2023 - 05:18PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
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Shopify Inc. |
(Exact name of registrant as specified in its charter) |
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Canada |
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001-37400 |
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98-0486686 |
(State or other jurisdiction of incorporation or
organization) |
(Commission File Number) |
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(IRS Employer Identification No.) |
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151 O'Connor Street, Ground Floor Ottawa, Ontario, Canada, K2P
2L8 |
(Address of principal executive offices) (Zip Code) |
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Jessica Hertz, General Counsel and Corporate Secretary |
Tel: 613-241-2828 |
(Name and telephone number, including area code, of the person to
contact in connection with this report.) |
Check the appropriate box to indicate the rule pursuant to which
this form is being filed, and provide the period to which the
information in this form applies:
x
Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for
the reporting period from January 1 to December 31,
2021
☐
Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for
the fiscal year ended 2021.
Section 1 - Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Conflict Minerals Disclosure
This Form SD of Shopify Inc. (the “Company”) is filed pursuant to
Rule 13p-1 promulgated under the Securities Exchange Act of 1934,
as amended, and Form SD (the “Rule”) for the reporting period
January 1, 2022 to December 31, 2022.
The Rule relates to the disclosure of information relating to
“conflict minerals,” which are defined in the Rule as gold,
columbite-tantalite
(coltan), cassiterite and wolframite, and their derivatives of
tantalum, tin and tungsten.
The Rule applies to those public companies which manufacture or
contract to manufacture products in which any of the conflict
minerals are necessary to the product’s functionality or
production. The Company’s applicable hardware products are (i) its
Chip & Swipe Reader, (ii) its Retail Kit, (iii) its Tap &
Chip Reader, (iv) its POS Go, which are each manufactured by third
parties and (v) its collaborative mobile robot, Chuck (“Covered
Products”). The Company also contracts to manufacture a dock for
its Tap & Chip Reader and an autocharger for Chuck. The Tap
& Chip Reader dock and the autocharger for Chuck do not contain
any conflict minerals which are necessary to their functionality or
production.
Reasonable Country of Origin Inquiry (RCOI)
As required by the Rule, the Company undertook an analysis and
determined that Covered Products contain one or more conflict
minerals, which are necessary to the Covered Products’
functionality or production. Accordingly, as required by the Rule,
the Company conducted a reasonable country of origin inquiry
regarding those conflict minerals, which was designed to determine
whether any of those conflict minerals originated in the Democratic
Republic of the Congo or an adjoining country as defined in the
Rule (a “Covered Country”) or are from recycled or scrap sources,
as defined in the Rule. To this end, the Company reached out to
each third-party manufacturer of the Covered Products explaining
the requirements of the Rule and its applicability to the Company
and seeking the certification of the third-party manufacturer that
the conflict minerals in the applicable Covered Product did not
originate in a Covered Country and/or to provide answers to the
Conflict Minerals Reporting Template ("CMRT") reflecting the
Company's position on the supply chain. The CMRT is regarded as the
most common reporting tool for conflict minerals content and
sourcing information worldwide.
Each CMRT received from third-party manufacturers identified lists
of smelters or refiners, and their countries of origin, which may
supply conflict minerals utilized in the Covered Products. The
information obtained indicated that there was reason to believe
that a portion of the conflict minerals used in the Covered
Products may have originated in the Covered Countries and may not
be exclusively from scrap or recycled sources. We believe our RCOI
process was reasonably designed and performed in good faith, but
there are inherent limitations in the information provided to us by
third-parties, including the possibility of information being
inaccurate, incomplete or falsified despite our efforts to validate
and confirm the information.
Determination from RCOI
Based on the results of the RCOI, the Company determined that, with
respect to necessary conflict minerals in its Covered Products,
there was reason to believe that a portion of the conflict minerals
used in the Covered Products may have originated in the Covered
Countries and may not be exclusively from scrap or recycled
sources, and therefore exercised due diligence on the source and
chain of custody of the necessary conflict minerals.
Additional Information
This information is publicly available on the Company’s website at
https://investors.shopify.com/Home/default.aspx. The content of any
website referred to in this Form SD is included for general
information only and is not incorporated by reference into this
Form SD.
Item 1.02 Exhibit
None
Section 2
Not applicable
Section 3 - Exhibits
Item 3.01 Exhibits
None
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto
duly authorized.
SHOPIFY INC.
By: /s/
Jessica
Hertz May
26, 2023
Jessica Hertz
General Counsel and Corporate
Secretary
Shopify (NYSE:SHOP)
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