A10 NETWORKS, INC. (NYSE:ATEN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
of interim Chief Financial Officer, the Compensation Committee
(the Committee) of the Board of Directors (the Board) of A10
Networks, Inc. (the Company) approved the compensation for Mr.
Natarajan on March 31, 2017 as follows:
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New Base Salary (1)
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FY 17 Target Bonus Opportunity (As Percent of Base
Salary) (2)(3) |
FY 17 Onetime Cash Bonus Opportunity (4)
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Shiva Natarajan
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$255,000
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40%
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$60,000
|
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(1)
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Effective as of February 1, 2017.
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(2)
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For fiscal 2017, Mr. Natarajan will be eligible to receive
cash incentive compensation to the terms of the Companys Executive Cash Incentive Plan under the Companys Executive Incentive Compensation Plan. |
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(3)
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Effective as of January 1, 2017.
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(4)
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This cash bonus will become payable in three, equal
installments of $20,000 on each of March 31, 2017, May 31, 2017, and August 15, 2017, so long as Mr. Natarajan is employed on each of those dates. |
Chief Financial Officer and as part of the Companys long-term
incentive compensation strategy, the Committee awarded Mr.
Natarajan time-based restricted stock units (RSUs) covering
35,000 shares of the Companys common stock, that are scheduled to
vest in equal installments on each of the sixteen quarterly
vesting dates following February 12, 2017, subject to Mr.
Natarajans continuous service with the Company through each
relevant vesting date.
About A10 NETWORKS, INC. (NYSE:ATEN)
A10 Networks, Inc. is a provider of application networking and network security technologies. The Company’s solutions enable enterprises, service providers, Web companies and government organizations to secure and optimize the performance of their data center applications, and secure their users, applications and infrastructure from Internet, Web and network threats at scale. The Company’s products are built on its Advanced Core Operating System (ACOS). The Company offers approximately four software-based solutions that are built on top of its software-based ACOS cloud-ready application networking platform and are delivered primarily on its optimized hardware appliances, including Application Delivery Controller (ADC), Carrier Grade Networking (CGN), Threat Protection System (TPS) and Convergent Firewall (CFW). Its support services include installation, phone support, repair and replacement, software updates, online tools, consulting and training services. A10 NETWORKS, INC. (NYSE:ATEN) Recent Trading Information
A10 NETWORKS, INC. (NYSE:ATEN) closed its last trading session up +0.05 at 8.89 with 335,692 shares trading hands.
