Shutterstock, Inc. announced that its Board of Directors resolved on July 20, 2026, to suspend all future quarterly cash dividends to prioritize debt reduction, minimizing interest expense, and strengthening financial flexibility. Additionally, Chief Accounting Officer Steven Ciardiello notified the company of his resignation, effective August 28, 2026, following a transition period; the resignation was not due to any disagreement regarding company operations or policies. Shutterstock is a provider of creative and GenAI solutions through a global network of licensable assets.
