Apptio, Inc. (NASDAQ:APTI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 31, 2017, the Board of Directors (the Board) of Apptio, Inc. (the Company) increased the size of the Board to eight directors, and appointed Kathleen Philips to serve as a director of the Company, with the appointment effective immediately. Ms. Philips has been with Zillow Group, Inc. since 2010, and has served as Zillow Groups chief financial officer and treasurer since August 2015, chief legal officer since September 2014, and secretary since July 2010. Ms. Philips has also been appointed to serve on the Audit Committee and Compensation Committee of the Company. Ms. Philips will participate in the standard compensation program for non-employee directors, as set forth in the Companys Outside Directors Compensation Policy, a copy of which was filed with the Companys Form S-1/A on September 12, 2016. In addition, the Company expects to enter into an indemnification agreement with Ms. Philips in substantially the form filed as Exhibit 10.10 to its Form S-1 filed on August 26, 2016. There is no arrangement or understanding to which Ms. Philips was appointed as a director, and there are no related party transactions between the Company and Ms. Philips that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Companys press release is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press release issued by Apptio, Inc. dated June 1, 2017. |
About Apptio, Inc. (NASDAQ:APTI)
Apptio, Inc. (Apptio) is a United States-based provider of cloud-based technology business management (TBM) software for managing business of information technology (IT). The Company offers a software as service (SaaS) products. It offers cloud applications, including Apptio Cost Transparency, which offers features, such as manage cost and investment across user’s application portfolio; Apptio IT Planning, which helps IT finance, budget owners and chief information officers (CIOs) with annual budget, forecast and variance tracking; Apptio IT Benchmarking, which extends Apptio Cost Transparency with side-by-side benchmarks with features, such as peer costs calculated through consistent cost structure and comparing peer benchmarks; Apptio Business Insights, which correlates IT infrastructure and application data, and Apptio Bill of IT, which automates the creation and delivery of pro-forma invoices for IT services. It offers Data Studio, Model Studio and Report Studio under TBM Studio. Apptio, Inc. (NASDAQ:APTI) Recent Trading Information
Apptio, Inc. (NASDAQ:APTI) closed its last trading session down -0.33 at 16.81 with 664,224 shares trading hands.
