Skip to content
ChickenStockChickenStock
ResearchFilings

AI English summary of an SEC filing — figures as filed

Adobe logoAdobe ADBE

Adobe said its board of directors appointed Jillian Forusz as principal accounting officer on August 5, 2024, effective August 9, 2024. Mark Garfield will continue to serve in the same role through the effective date.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Adobe said its board of directors appointed Jillian Forusz as principal accounting officer on August 5, 2024, effective August 9, 2024. Mark Garfield will continue to serve in the same role through the effective date.

  2. The company said Forusz will serve as senior vice president and chief accounting officer starting August 9, 2024, and was vice president, corporate controller from February 2022 to August 2024. She held various finance leadership roles from November 2007 to November 2015.

  3. The company said Forusz will receive an annual base salary of $515,000, a target annual cash bonus opportunity of 60% of base salary, and 3,630 restricted stock units on the effective date. The RSUs will vest quarterly over 4 years from the vesting commencement date, subject to her continued employment.

  4. The company said there are no arrangements or understandings between Forusz and any other person under which she was appointed, and no family relationships between her and any of the company’s directors or executive officers. Forusz will enter into the company’s standard form of indemnity agreement for directors and officers.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Appointment of Principal Accounting Officer and Effective Date

Adobe said its board of directors appointed Jillian Forusz as principal accounting officer on August 5, 2024, effective August 9, 2024. Mark Garfield will continue to serve in the same role through the effective date.

Source · Based on the filing body and exhibits

Forusz’s Title and Career at Adobe

The company said Forusz will serve as senior vice president and chief accounting officer starting August 9, 2024, and was vice president, corporate controller from February 2022 to August 2024. She held various finance leadership roles from November 2007 to November 2015.

Source · Based on the filing body and exhibits

Base Salary, Target Bonus and RSU Compensation Terms

The company said Forusz will receive an annual base salary of $515,000, a target annual cash bonus opportunity of 60% of base salary, and 3,630 restricted stock units on the effective date. The RSUs will vest quarterly over 4 years from the vesting commencement date, subject to her continued employment.

Source · Based on the filing body and exhibits

No Appointment Arrangements and Indemnity Agreement

The company said there are no arrangements or understandings between Forusz and any other person under which she was appointed, and no family relationships between her and any of the company’s directors or executive officers. Forusz will enter into the company’s standard form of indemnity agreement for directors and officers.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.