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The company said its Board of Directors appointed Michael L. Speiser as a Class I director, the class that will next stand for election at the 2025 Annual Meeting of Stockholders, and as a member of the Investment Committee on June 18, 2024. The company said it determined that he is independent under Nasdaq rules.

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

Key points

AI summary
  1. The company said its Board of Directors appointed Michael L. Speiser as a Class I director, the class that will next stand for election at the 2025 Annual Meeting of Stockholders, and as a member of the Investment Committee on June 18, 2024. The company said it determined that he is independent under Nasdaq rules.

  2. The company said it granted Speiser a one-time RSU award worth $750,000, with 4 of 1 vesting on July 5, 2025 and the balance vesting in equal quarterly installments over the following 12 quarters. On June 18, he also received an annual RSU award of $320,000 and an annual committee RSU award of $25,000.

  3. The company said Speiser has been a Managing Director at Sutter Hill Ventures since 2008 and served as part-time Chief Executive Officer of Snowflake, Inc. from 2012 to 2014. It also said he served as founding Chief Executive Officer of Pure Storage, Inc.

  4. The company said Aneel Bhusri, Thomas F. Bogan and Lynne M. Doughtie were elected as Class III directors at its Annual Meeting of Stockholders on June 18, 2024. It also said stockholders approved the ratification of Ernst & Young LLP as independent registered public accounting firm and the amendment to the certificate of incorporation providing for officer exculpation.

Summary

AI-written

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

Michael L. Speiser Appointed to Board

The company said its Board of Directors appointed Michael L. Speiser as a Class I director, the class that will next stand for election at the 2025 Annual Meeting of Stockholders, and as a member of the Investment Committee on June 18, 2024. The company said it determined that he is independent under Nasdaq rules.

Source · Based on the filing body and exhibits

Speiser Director RSU Compensation Terms

The company said it granted Speiser a one-time RSU award worth $750,000, with 4 of 1 vesting on July 5, 2025 and the balance vesting in equal quarterly installments over the following 12 quarters. On June 18, he also received an annual RSU award of $320,000 and an annual committee RSU award of $25,000.

Source · Based on the filing body and exhibits

Speiser Director Background

The company said Speiser has been a Managing Director at Sutter Hill Ventures since 2008 and served as part-time Chief Executive Officer of Snowflake, Inc. from 2012 to 2014. It also said he served as founding Chief Executive Officer of Pure Storage, Inc.

Source · Based on the filing body and exhibits

2024 Annual Meeting Voting Results

The company said Aneel Bhusri, Thomas F. Bogan and Lynne M. Doughtie were elected as Class III directors at its Annual Meeting of Stockholders on June 18, 2024. It also said stockholders approved the ratification of Ernst & Young LLP as independent registered public accounting firm and the amendment to the certificate of incorporation providing for officer exculpation.

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.