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| QLIK > SEC Filings for QLIK > Form 8-K on 30-Jan-2013 | All Recent SEC Filings |
30-Jan-2013
Change in Directors or Principal Officers, Financial Statements and Exhibit
(d) On January 29, 2013, the Company announced that, based upon the recommendation of the Nominating/Corporate Governance Committee of the Board of Directors, the Board of Directors has elected Steffan C. Tomlinson, age 41, as a director, with his initial term expiring at the Company's 2015 annual meeting of stockholders, effective as of January 28, 2013. Mr. Tomlinson has also been appointed to the Audit Committee of the Company's Board of Directors. The Board of Directors has determined that Mr. Tomlinson is an independent director in accordance with applicable rules of the Securities and Exchange Commission and NASDAQ and that Mr. Tomlinson satisfies the independence requirements for Audit Committee members as set forth in the applicable listing standards of NASDAQ.
Mr. Tomlinson has served as the chief financial officer of Palo Alto Networks since February 2012. From September 2011 to January 2012, Mr. Tomlinson was chief financial officer at Arista Networks, Inc., a provider of cloud networking solutions. From April 2011 to September 2011, Mr. Tomlinson was a partner and chief administrative officer at Silver Lake Kraftwerk, a private investment firm. From September 2005 to March 2011, Mr. Tomlinson was chief financial officer of Aruba Networks, Inc., a provider of intelligent wireless LAN switching systems. From 2000 until its acquisition by Juniper Networks, Inc., a supplier of network infrastructure products and services, in 2005, Mr. Tomlinson served in several roles, including chief financial officer, at Peribit Networks, Inc., a provider of WAN optimization technology. Mr. Tomlinson holds an M.B.A. from Santa Clara University and a B.A. in Sociology from Trinity College.
Pursuant to the Company's non-employee director compensation program, Mr. Tomlinson will be granted a restricted stock unit award having a fair market value of $175,000 as of the date of award. In addition, he will be eligible to receive, upon the conclusion of each annual meeting of stockholders, other than the Company's 2013 annual meeting of stockholders, an equity award with a fair market value of $175,000. The initial restricted stock unit award and the annual equity grant will vest in full on the earliest of (i) the one year anniversary of the respective grant date, (ii) the death of Mr. Tomlinson or (iii) a change of control of the Company. Mr. Tomlinson will also receive a $40,000 annual fee for his service as a director. The non-employee director compensation program is described in further detail in the Company's Definitive Proxy Statement for its 2012 annual meeting of stockholders filed with the Securities and Exchange Commission on April 2, 2012.
Mr. Tomlinson and the Company will enter into an indemnification agreement requiring the Company to indemnify him to the fullest extent permitted under Delaware law with respect to his service as a director. The indemnification agreement will be in the form entered into with the Company's other directors and executive officers. This form is attached hereto as Exhibit 99.2.
Exhibit No. Description
99.1 Press release of Qlik Technologies Inc. dated January 29, 2013.
99.2 Form of Indemnification Agreement between Qlik Technologies Inc.
and Steffan Tomlinson.
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