Strategy Inc 8-K, filed Apr 4, 2023
Strategy Inc (MSTR)
About this 8-K
Strategy Inc filed this 8-K on April 4, 2023, reporting on events of March 30, 2023.
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
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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 March 30, 2023, Timothy E. Lang, Senior Executive Vice President & Chief Technology Officer (“CTO”) and a named executive officer of MicroStrategy Incorporated (the “Company”), informed the Company of his intention to retire from his position as CTO on April 14, 2023 (the “Retirement Date”). To assist the Company in the transition of his duties and other related matters, Mr. Lang will serve in a non-executive employee advisory role reporting to the Company’s President & Chief Executive Officer, Phong Le, from the Retirement Date until June 30, 2023 (“Transition Period”). During the Transition Period, Mr. Lang will receive the same base salary and benefits he received immediately prior to the Retirement Date.
Following Mr. Lang’s Retirement Date, Mr. Le will assume Mr. Lang’s responsibilities as head of the Company’s technology organization.
SIGNATURE
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.
| Date: April 4, 2023 | MicroStrategy Incorporated (Registrant) | |||||
| By: | /s/ W. Ming Shao | |||||
| Name: | W. Ming Shao | |||||
| Title: | Senior Executive Vice President & General Counsel | |||||