AI English summary of an SEC filing — figures as filed

The company said the Board on February 13, 2025 appointed John D. Calys, Senior Vice President, Global Controller and Chief Accounting Officer, to succeed Chief Financial Officer George Kilguss. The succession takes effect when Kilguss retires on May 31, 2025.

8-K/ADeparture or Appointment of Directors or Certain Officers (amended)Amended filingFiled Apr 25, 2025Period of report Feb 13, 2025Summary published (UTC) Oct 15, 2026

Key points

AI summary

The company said the Board on February 13, 2025 appointed John D. Calys, Senior Vice President, Global Controller and Chief Accounting Officer, to succeed Chief Financial Officer George Kilguss. The succession takes effect when Kilguss retires on May 31, 2025.
VeriSign said the Compensation Committee on April 22, 2025 approved an initial annual base salary of $500,000 for Calys and an annual target bonus of up to 100% of base salary. The new base salary and target bonus take effect as of June 1, 2025.
The company said it will grant Calys time-vested restricted stock units (RSUs) valued at approximately $700,000 and performance-based RSUs valued at approximately $700,000. It said the time-vested RSUs vest as to 25% on June 15, 2026 and 6.25% quarterly thereafter, subject to continued employment.
The company said the performance period for the performance-based RSUs runs from January 1, 2025 through December 31, 2027, and the number of shares vesting depends on achievement of certain performance measures. Vesting occurs, subject to continued employment, after the Compensation Committee certifies performance and the company receives an unqualified opinion on its financial statements for the year ending December 31, 2027 from its independent registered public accounting firm.

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.

CFO Succession Appointment

The company said the Board on February 13, 2025 appointed John D. Calys, Senior Vice President, Global Controller and Chief Accounting Officer, to succeed Chief Financial Officer George Kilguss. The succession takes effect when Kilguss retires on May 31, 2025.

Source · Based on the filing body and exhibits

Base Salary and Target Bonus

VeriSign said the Compensation Committee on April 22, 2025 approved an initial annual base salary of $500,000 for Calys and an annual target bonus of up to 100% of base salary. The new base salary and target bonus take effect as of June 1, 2025.

Source · Based on the filing body and exhibits

Time-Vested Restricted Stock Unit Grant and Vesting

The company said it will grant Calys time-vested restricted stock units (RSUs) valued at approximately $700,000 and performance-based RSUs valued at approximately $700,000. It said the time-vested RSUs vest as to 25% on June 15, 2026 and 6.25% quarterly thereafter, subject to continued employment.

Source · Based on the filing body and exhibits

Performance-Based RSU Conditions

The company said the performance period for the performance-based RSUs runs from January 1, 2025 through December 31, 2027, and the number of shares vesting depends on achievement of certain performance measures. Vesting occurs, subject to continued employment, after the Compensation Committee certifies performance and the company receives an unqualified opinion on its financial statements for the year ending December 31, 2027 from its independent registered public accounting firm.

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.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.