F5, Inc 8-K, filed Apr 7, 2020
F5, Inc. (FFIV)
8-K
2020-04-07
For: 2020-04-01
View Original
Added on
April 09, 2026
About this 8-K
F5, Inc filed this 8-K on April 7, 2020, reporting on events of April 1, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Registrant’s telephone number, including area code (206 ) 272-5555
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
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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 |
On April 1, 2020, the Board of Directors (the "Board") of F5 Networks, Inc. (the "Company") appointed Mr. Sripada Shivananda as a director. Mr. Shivananda will serve as a member of the Board’s Audit Committee.
In connection with his services as a director, Mr. Shivananda will be entitled to the customary compensation arrangements for the Company's non-employee directors (including entering into the Company's standard indemnification agreement for directors and officers); an annual retainer in the amount of $60,000; and an annual payment of $20,000 as a member of the Audit Committee. The Board is expected to approve a grant to Mr. Shivananda to be made effective May 1, 2020 under the Company's 2014 Incentive Plan of restricted stock units having a grant date value of $250,000.
Item 8.01 | Other Events |
On April 7, 2020, the Company issued a press release announcing the election to the Board of Mr. Shivananda. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits:
99.1 | ||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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.
F5 NETWORKS, INC. (Registrant) | ||||
Date: April 7, 2020 | By: | /s/ Scot F. Rogers | ||
Scot F. Rogers | ||||
Executive Vice President and General Counsel | ||||
EXHIBIT INDEX
Exhibit No. | Description | |
99.1 | Press Release of F5 Networks, Inc. dated April 7, 2020. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
CONTACTS: | Investor Relations | Public Relations |
Suzanne DuLong | Nathan Misner | |
(206) 272-7049 | (206) 272-7494 | |
s.dulong@f5.com | n.misner@f5.com | |
F5 Adds Sri Shivananda to its Board of Directors
SEATTLE, WA - April 7, 2020 - F5 Networks (NASDAQ: FFIV) today announced the appointment of Sri Shivananda to its Board of Directors. Shivananda brings a strong leadership background to F5’s Board, along with valuable expertise in key technology areas.
Sri Shivananda is Senior Vice President and Chief Technology Officer of PayPal Holdings, Inc., a global leader in digital payment technologies. He leads Technology Platforms & Experiences, overseeing a team responsible for the company’s secure, reliable, and scalable global infrastructure and strategic core platform. Prior to PayPal, he served in leadership roles at eBay Inc., overseeing the company’s global platform and infrastructure, with extensive experience in areas such as cloud services and data architecture. Shivananda holds a Bachelor of Technology in Mechanical Engineering from Jawaharlal Nehru Technological University in India, and an M.S. in Mechanical Engineering from Ohio University.
“For his entire career, Sri has been on the forefront of how technology can be leveraged to make financial services and commerce more convenient, affordable, and secure,” said François Locoh-Donou, president and CEO of F5. “His background will be a major asset to F5 as we further expand the ways we connect with our customers through SaaS, cloud, and digital go-to-market efforts.”
Additional information on F5’s Board of Directors is available in the Leadership section of the company’s website.
About F5
F5 (NASDAQ: FFIV) powers applications from development through their entire lifecycle, across any multi-cloud environment, so our customers-enterprise businesses, service providers, governments, and consumer brands-can deliver differentiated, high-performing, and secure digital experiences. For more information, go to f5.com. You can also follow @f5networks on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies.
F5 is a trademark or service mark of F5 Networks, Inc. or its affiliates, in the U.S. and other countries. All other product and company names herein may be trademarks of their respective owners.
This press release may contain forward-looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the company's filings with the SEC.
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