Item 2.02 Results of Operations and Financial Condition.
The information in Item 2.02 of this Form 8-K and Exhibit 99.1, attached hereto,
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to
the liabilities of that section. It may only be incorporated by reference in
another filing under the Exchange Act or the Securities Act of 1933, as amended,
if such subsequent filing specifically references the information furnished
pursuant to Item 2.02 (including Exhibit 99.1) of this Report.
On February 14, 2013, Ellie Mae, Inc. ("Ellie Mae") announced its financial
position and results of operations as of and for its fourth quarter ended
December 31, 2012 in a press release that is attached hereto as Exhibit 99.1.
To supplement Ellie Mae's financial results presented on a U.S. GAAP basis,
Ellie Mae's press release contains non-GAAP financial information, including
adjusted net income and adjusted EBITDA. Ellie Mae believes that this non-GAAP
presentation makes it easier for investors to compare current and historical
periods' operating results and that it assists investors in comparing Ellie
Mae's performance across reporting periods on a consistent basis by excluding
items that it does not believe are indicative of its core operating performance.
A reconciliation of these non-GAAP financial measures to the comparable GAAP
financial measures is contained in the attached press release.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On February 14, 2013, Jonathan Corr, Ellie Mae's chief operating officer, was
promoted to the additional position of president. Sigmund Anderman, the former
president, will continue in his role as chief executive officer and chairman of
the board of directors of Ellie Mae. With this promotion, Mr. Corr will take
over Ellie Mae's day to day operations and will report to Mr. Anderman in his
capacity as chief executive officer.
Mr. Corr, age 45, has served as Ellie Mae's chief operating officer since
November 2011, as executive vice president and chief strategy officer from
August 2005 to November 2011 and as our senior vice president of product
management from October 2002 to August 2005. Prior to joining us, from October
2001 to August 2002, Mr. Corr served as vice president, product strategy at
PeopleSoft, Inc. From May 1998 to August 2001, Mr. Corr served in various
positions at Kana/Broadbase Software/Rubric, a number of software companies that
combined through acquisition, culminating in his position as vice president of
product management. From July 1997 to May 1998, Mr. Corr served as senior
product manager of Netscape Communications Corporation. Mr. Corr holds a
Bachelor of Science degree in Engineering from Columbia University and a Master
of Business Administration degree from Stanford University.
A copy of the press release announcing Mr. Corr's promotion is filed as Exhibit
99.2 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release dated February 14, 2013.
99.2 Press Release dated February 14, 2013.
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