Intuit Inc 8-K, filed Oct 20, 2020
Intuit Inc. (INTU)
8-K
2020-10-20
For: 2020-10-16
View Original
Added on
April 10, 2026
About this 8-K
Intuit Inc filed this 8-K on October 20, 2020, reporting on events of October 16, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- 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
Date of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in its Charter)
| (State or other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(650 ) 944-6000
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol | Name of Exchange on Which Registered | |||||||||||||||
| Common Stock, $0.01 par value | |||||||||||||||||
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 ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On October 16, 2020, the Board of Directors (the “Board”) of Intuit Inc. (“Intuit”) appointed Tekedra Mawakana as a director of Intuit, and the number of directors constituting the full Board was increased from eleven to twelve. Ms. Mawakana also was appointed to serve on the Compensation and Organizational Development Committee and the Nominating and Governance Committee of the Board.
Ms. Mawakana will receive compensation for services as a non-employee director of Intuit consistent with the compensation generally provided to other Intuit non-employee directors, as determined by the Board from time to time, and disclosed in our 2019 proxy statement, which was filed with the Securities and Exchange Commission on November 27, 2019, including a grant to Ms. Mawakana of restricted stock units with a grant date fair value of approximately $65,000 on October 19, 2020. There are no arrangements or understandings between Ms. Mawakana and any other persons pursuant to which she was selected as a director, and there are no transactions involving Intuit and Ms. Mawakana that Intuit would be required to report pursuant to Item 404(a) of Regulation S-K.
A copy of the press release announcing Ms. Mawakana’s appointment is attached hereto as Exhibit 99.01.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
| 99.01 | ||||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are 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.
| Date: | October 20, 2020 | INTUIT INC. | |||||||||||||||||||||
| By: | /s/ Kerry J. McLean | ||||||||||||||||||||||
| Kerry J. McLean | |||||||||||||||||||||||
| Executive Vice President, General Counsel and Corporate Secretary | |||||||||||||||||||||||
Exhibit 99.01
| Contacts: | Investors | Media | ||||||||||||
| Kim Watkins | Karen Nolan | |||||||||||||
| Intuit Inc. | Intuit Inc. | |||||||||||||
| 650-944-3324 | 650-944-6619 | |||||||||||||
| kim_watkins@intuit.com | karen_nolan@intuit.com | |||||||||||||
Intuit Appoints Tekedra Mawakana, Waymo's Chief Operating Officer,
to Board of Directors
to Board of Directors
MOUNTAIN VIEW, Calif. –October 20, 2020 - Intuit Inc. (NASDAQ:INTU) today announced it has appointed Tekedra Mawakana to its board of directors. Mawakana is the COO of Waymo LLC, a subsidiary of Alphabet, Inc., where she is a recognized business leader and expert on public policy related to commerce and advanced applications of artificial intelligence and machine learning.
“Tekedra has a deep understanding of issues at the intersection of automated technology, consumer trust and global public policy,” said Brad Smith, Intuit’s Executive Chairman of the Board. “Her appointment significantly strengthens the board’s automated technology expertise, and we are thrilled that she will bring her experience and perspective to the Intuit board.”
Mawakana led the successful launch of Waymo’s first commercial ride hailing service in Phoenix AZ, and played a central role on a core executive team that raised over $3 billion in Waymo’s first external investor fundraising round. As COO she is responsible for bringing autonomous vehicle (AV) technology to market, as well as revenue and business development, consumer trust and brand awareness, public policy outcomes, and operational efficiency.
Mawakana has more than two decades of experience in advising publicly traded consumer technology companies on global regulatory policy. Prior to Waymo, she was VP of global government relations at eBay, responsible for policy strategy for eBay’s marketplace in 190 markets, as well as for ticketing marketplace StubHub. As Yahoo’s VP of global public policy, she advised its CEO on policy issues around privacy and security. She began her career at the law firm of Steptoe & Johnson LLP in Washington, DC.
As a tech industry veteran, Mawakana is on the Board of Industry Leaders for the Consumer Technology Association and she previously served as the Chairman of the Board of Directors for the Internet Association. She has been recognized as a “Top 20 in 2020 Influential Women in Mobility” by Vulog, and as one of the most influential Black leaders in corporate America by Savoy magazine in 2020 and 2019. She also sits on the Executive Committee on the Board of Directors for Saving Promise, a non-profit dedicated to the prevention of intimate partner violence.
Mawakana received her JD from Columbia Law School and her BA magna cum laude from Trinity College (now Trinity Washington University).
ABOUT INTUIT: Intuit’s mission is to power prosperity around the world. We are a mission-driven, global financial platform company with products including TurboTax, QuickBooks, and Mint, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves more than 50 million customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social.