AI English summary of an SEC filing — figures as filed
Workday WDAYWorkday said its board on September 10, 2024 appointed Rhonda J. Morris as a Class II director, effective February 14, 2025, following her retirement from Chevron Corporation. The class will next stand for election at the 2026 Annual Meeting of Stockholders.
Key points
AI summaryWorkday said its board on September 10, 2024 appointed Rhonda J. Morris as a Class II director, effective February 14, 2025, following her retirement from Chevron Corporation. The class will next stand for election at the 2026 Annual Meeting of Stockholders.
Workday said the board determined that Morris is independent under Nasdaq rules. She has served as Vice President and Chief Human Resources Officer of Chevron Corporation since 2016 and is expected to serve through December 2024, the company said. She began her career at Chevron in 1991.
Workday said Morris is expected to receive a one-time grant of $750,000 in restricted stock units under its standard non-employee director compensation practices, following her appointment's effective date. The company said 1 of 4 will vest 1 year after the grant date, and the balance will vest in equal quarterly installments over the following 12 quarters, subject to continued service.
Chevron Corporation is a Workday customer, and it paid Workday approximately $19.8 million for the fiscal year ended January 31, 2024 and approximately $900,000 during the 6 months ended July 31, 2024, Workday said. The company said these transactions were based on arm's-length agreements entered into in the ordinary course of business.
Summary
AI-writtenAnalysis 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.
Rhonda J. Morris Appointed Class II Director
Workday said its board on September 10, 2024 appointed Rhonda J. Morris as a Class II director, effective February 14, 2025, following her retirement from Chevron Corporation. The class will next stand for election at the 2026 Annual Meeting of Stockholders.
Source · Based on the filing body and exhibits
Morris's Independence Determination and Background
Workday said the board determined that Morris is independent under Nasdaq rules. She has served as Vice President and Chief Human Resources Officer of Chevron Corporation since 2016 and is expected to serve through December 2024, the company said. She began her career at Chevron in 1991.
Source · Based on the filing body and exhibits
Non-Employee Director Compensation: $750,000 RSU Grant
Workday said Morris is expected to receive a one-time grant of $750,000 in restricted stock units under its standard non-employee director compensation practices, following her appointment's effective date. The company said 1 of 4 will vest 1 year after the grant date, and the balance will vest in equal quarterly installments over the following 12 quarters, subject to continued service.
Source · Based on the filing body and exhibits
Customer Relationship and Payments with Chevron
Chevron Corporation is a Workday customer, and it paid Workday approximately $19.8 million for the fiscal year ended January 31, 2024 and approximately $900,000 during the 6 months ended July 31, 2024, Workday said. The company said these transactions were based on arm's-length agreements entered into in the ordinary course of business.
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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