A10 Networks, Inc 8-K, filed Feb 19, 2021
A10 Networks, Inc. (ATEN)
8-K
2021-02-19
For: 2021-02-16
View Original
Added on
April 04, 2026
About this 8-K
A10 Networks, Inc filed this 8-K on February 19, 2021, reporting on events of February 16, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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Item 5.02 Departure of Directors of Principal Officers; Election of Directors; Appointment of Principal Officers.
(e) Compensatory Arrangement of Certain Officers.
On February 16, 2021, the Board of Directors of A10 Networks, Inc. (the “Company”), appointed Brian Becker as the Company’s Chief Financial Officer. As previously disclosed in the Company’s Current Report on Form 8-K filed on September 17, 2020 (the “Previous Report”), Mr. Becker was appointed to serve as the Company’s Interim Chief Financial Officer, effective as of September 17, 2020. The disclosure provided regarding Mr. Becker in the Previous Report pursuant to Item 5.02(c) and (e) are incorporated herein by reference.
On February 16, 2021, the Compensation Committee (the “Compensation Committee”) of the Board completed an annual review of executive compensation, which included a review of annual base salary, bonus target amounts for 2021 and confirmation of payouts under the Company’s 2020 Executive Incentive Plan or the 2020 Corporate Incentive Plan, as applicable, (the “Plans”) for its executive officers. In connection with this review, the Board confirmed the following cash payouts under the Plans for performance in 2020:
•For Dhrupad Trivedi, the Company’s Chief Executive Officer, a cash bonus amount of $424,500.00, plus a discretionary bonus payout of $75,500.00;
•For Brian Becker, the Company’s Chief Financial Officer, a cash bonus amount of $93,390.00; and
•For Robert Cochran, the Company’s Executive Vice President, Legal and Corporate Collaboration, a cash bonus amount of $128,090.33.
In addition, the Compensation Committee approved an increase to annual base salary and target cash bonus amounts for 2021 for certain of its executive officers. The base salary increases, which were made effective as of February 1, 2021 and target cash bonus amounts for 2021 included the following:
•For Mr. Trivedi, a base salary increase from $500,000.00 to $600,000.00 and a target cash bonus amount of 100%, or $600,000.00;
•For Mr. Becker, a base salary increase from $275,000.00 to $300,000.00 and a target cash bonus amount of 50%, or $150,000.00; and
•For Mr. Cochran, a target cash bonus amount of 50%, or $150,872.00.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 19, 2021
| A10 NETWORKS, INC. | |||||
| By: /s/ Robert Cochran | |||||
| Robert Cochran | |||||
| Executive Vice President, Legal and Corporate Collaboration and Secretary | |||||