AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryAdobe 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.
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.
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.
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-writtenAnalysis 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.
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