CrowdStrike Holdings, Inc 8-K, filed Apr 8, 2022
CrowdStrike Holdings, Inc. (CRWD)
About this 8-K
CrowdStrike Holdings, Inc filed this 8-K on April 8, 2022, reporting on events of April 6, 2022.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(c)
On April 6, 2022, the Board of Directors (the “Board”) of CrowdStrike Holdings, Inc. (the “Company” or “CrowdStrike”) appointed Anurag Saha as CrowdStrike’s Chief Accounting Officer and principal accounting officer, effective immediately.
Mr. Saha, 43, served as the Company’s Senior Vice President of Finance Transformation since September 2021 prior to being appointed as Chief Accounting Officer. Prior to joining CrowdStrike and since September 2020, Mr. Saha was employed by Meta Platforms, Inc., an advertising and consumer electronic products company, as Controller of Reporting. Prior to that Mr. Saha worked at PricewaterhouseCoopers LLP, a professional services firm, for 16 years, including as a partner since July 2017. Mr. Saha holds a Bachelor of Commerce degree from Delhi University, and is a Chartered Accountant from India and a Certified Public Accountant in California.
There were no new compensatory arrangements or modifications to existing compensatory arrangements, nor were there any grants or awards made to Mr. Saha, in connection with his appointment as the Company’s Chief Accounting Officer and principal accounting officer. Mr. Saha will continue to be eligible to participate in the Company’s compensation and benefit plans and programs made available to the Company’s employees.
There is no arrangement or understanding with any person pursuant to which Mr. Saha was appointed as Chief Accounting Officer and principal accounting officer, and there are no family relationships between Mr. Saha and any director or executive officer of CrowdStrike. Additionally, there are no transactions between Mr. Saha and CrowdStrike and/or its subsidiaries that would be required to be reported under Item 404(a) of Regulation S-K.
(e)
On April 5, 2022 and April 6, 2022, the Compensation Committee (the “Committee”) of the Board and the Board, respectively, approved compensation packages for fiscal year 2023 for the Company’s senior executives, including its named executive officers. For fiscal year 2023, the annual base salaries and target incentive compensation awards for the following named executive officers will be:
| FY 2023 | ||||||||
| Base Salary | Target Incentive Compensation | |||||||
| George Kurtz President and Chief Executive Officer | $ | 900,000 | 122 | % | ||||
| Burt W. Podbere Chief Financial Officer | $ | 600,000 | 100 | % | ||||
| Shawn Henry President of CrowdStrike Services and Chief Security Officer | $ | 600,000 | 100 | % | ||||
The fiscal year 2023 annual base salaries and target incentive compensation awards are effective beginning February 1, 2022, the first day of fiscal year 2023. Incentive compensation for the Company’s named executive officers has been established pursuant and subject to the terms of the Company’s Corporate Incentive Plan, a copy of which was filed as an exhibit to the Company’s Current Report on Form 8-K filed on March 12, 2021.
SIGNATURES
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.
| CrowdStrike Holdings, Inc. | |
| Date: April 8, 2022 | /s/ Burt W. Podbere |
| Burt Podbere Chief Financial Officer |