MDB 8-K
MongoDB, Inc. (MDB)
8-K
2025-04-28
For: 2025-04-28
View Original
Added on
April 09, 2026
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
Date of Report (Date of earliest event reported): April 28, 2025
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(Exact Name of Registrant as Specified in its Charter)
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(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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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 (see General Instructions A.2. below):
Securities registered pursuant to Section 12(b) of the Exchange Act:
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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 ☐
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.
Appointment of Chief Financial Officer
On April 28, 2025, MongoDB, Inc. (the “Company”) announced the appointment of Michael J. Berry as the Company’s Chief Financial Officer effective May 27, 2025.
Prior to his appointment with the Company, Mr. Berry, age 62, served as the Executive Vice President and Chief Financial Officer of NetApp, Inc. from March 2020 through May 2025. Previous to that, Mr. Berry served as Executive Vice President and Chief Financial Officer of McAfee from February 2017 to March 2020. Mr. Berry was previously employed by FireEye, Inc., where he served as Executive Vice President, Chief Financial Officer and Chief Operating Officer. Prior to FireEye, Mr. Berry served as Executive Vice President and Chief Financial Officer of Informatica Corporation from November 2014 to September 2015. Prior to that, Mr. Berry was Executive Vice President and Chief Financial Officer of IO Data Centers, LLC, now Iron Mountain Inc; SolarWinds, Inc. and i2 Technologies, Inc. and served in a variety of other operational and finance positions. Mr. Berry has served on the board of Rapid7, Inc. since November 2012 and is the chair of its audit committee. Mr. Berry holds a Bachelor of Arts in Finance from Augsburg College and a Master of Business Administration in Finance from the University of St. Thomas.
Mr. Berry does not have a family relationship with any of the officers or directors of the Company. Mr. Berry was not appointed pursuant to any arrangement or understanding between such individual and any other person.
There are no related party transactions reportable under Item 404(a) of Regulation S-K.
Compensatory Arrangements
In connection with his appointment as Chief Financial Officer, Mr. Berry signed an offer letter that entitles him to receive (i) a starting annual base salary of $350,000 and (ii) annual incentive compensation with a target cash bonus opportunity of 65% of his annual base salary. The Company will grant two service-vested awards of restricted stock units ("RSUs") under the Company's 2016 Equity Incentive Plan: a new hire grant with a value of approximately $9,000,000 and a sign-on bonus grant with a value of approximately $3,000,000. Each of the RSU awards will vest over four years, with 25% of the RSUs vesting after 12 months of continuous service from the vesting start date and the balance vesting in equal quarterly installments over the remaining 12 quarters of continuous service.
Mr. Berry will also be eligible to participate in the compensation and benefit programs generally available to the Company’s executive officers.
In connection with this appointment, the Company and Mr. Berry entered into the Company’s standard form of indemnification agreement, a copy of which was filed as Exhibit 10.5 to Form S-1 filed with the SEC on September 21, 2017.
A copy of the offer letter with Mr. Berry will be filed with the Company’s Quarterly Report on Form 10-Q for the quarterly period ending April 30, 2025. The above summary of the offer letter does not purport to be complete and is subject to and qualified in its entirety by reference to the offer letter.
Item 7.01 Regulation FD Disclosure.
A copy of the Company’s press release announcing the appointment of Mr. Berry as Chief Financial Officer of the Company is attached hereto as Exhibit 99.1 and the information set forth therein is incorporated herein by reference.
The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 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, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MONGODB, INC. | |||||||||||
| Dated: April 28, 2025 | By: | /s/ Andrew Stephens | |||||||||
Name: Andrew Stephens Title: General Counsel and Secretary | |||||||||||
Exhibit 99.1
MongoDB, Inc. Announces Mike Berry as Chief Financial Officer
Berry joins MongoDB with more than three decades of expertise in software and cloud businesses
New York City, New York – April 28, 2025 – MongoDB, Inc. (NASDAQ: MDB) today announced the appointment of Mike Berry as Chief Financial Officer, effective May 27, 2025. Berry will lead MongoDB’s accounting, FP&A, treasury and investor relations efforts and partner with other senior leaders to set and deliver on the company’s long-term strategic and financial objectives.
Berry joins MongoDB from NetApp, where he served as CFO for the past five years. A seven-time CFO, Berry previously held that role at McAfee, FireEye, Informatica, IO, Solarwinds, and i2 Technologies. Berry brings to MongoDB over 30 years of experience, a wealth of experience in the technology and software industry, and a proven track record of driving profitable growth.
“Mike’s unique combination of strategic, operational, and financial expertise makes him a key addition to the MongoDB leadership team,” said Dev Ittycheria, President and CEO of MongoDB. “His industry expertise and proven ability to drive efficient growth aligns perfectly with our vision for the future. This is an incredibly exciting time for MongoDB as customers are in the very early stages of harnessing GenAI to build new applications and modernize their vast installed base of legacy workloads. Mike’s experience with consumption models and history of successfully scaling businesses to $5 billion in revenue and beyond make him the ideal choice to serve as MongoDB’s next CFO.”
“I’m thrilled to join MongoDB at such an exciting moment in its growth journey,” said Berry. “The company’s incredible track record of product innovation and established leadership position in one of the largest, most strategic markets in software provides significant growth drivers that we expect to benefit our business for years to come. While it was not my intention to pursue another CFO role when we announced my retirement from NetApp, the opportunity to join a company the caliber of MongoDB was incredibly compelling. I can’t wait to get started in late May and I look forward to working with the team to create long-term value for our customers, shareholders, and employees.”
F1Q Earnings Date Announcement
The Company will report its first quarter fiscal year 2026 financial results for the three months ended April 30, 2025, after the U.S. financial markets close on June 4, 2025.
In conjunction with this announcement, MongoDB will host a conference call on Wednesday, June 4, 2025, at 5:00 p.m. (Eastern Time) to discuss the Company's financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of the Company's website at http://investors.mongodb.com. To access the call by phone, please go to this link (https://register-conf.media-server.com/register/BI4d0ee680058f4578844cd454c80e8a2f), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at http://investors.mongodb.com.
Exhibit 99.1
About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries with software. MongoDB’s unified database platform was built to power the next generation of applications, and MongoDB is the most widely available, globally distributed database on the market. With integrated capabilities for operational data, search, real-time analytics, and AI-powered data retrieval, MongoDB helps organizations everywhere move faster, innovate more efficiently, and simplify complex architectures. Millions of developers and more than 50,000 customers across almost every industry—including 70% of the Fortune 100—rely on MongoDB for their most important applications. To learn more, visit mongodb.com.
Forward-Looking Statements
This press release includes certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the Company’s expectations regarding the performance of the new chief financial officer. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” “would” or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: our customers renewing their subscriptions with us and expanding their usage of software and related services; the effects of the ongoing military conflicts between Russia and Ukraine and Israel and Hamas on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 31, 2025, filed with the SEC on March
Exhibit 99.1
21, 2025 and other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
Media Relations
MongoDB PR