Autodesk, Inc. (NASDAQ:ADSK) 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.
Autodesk, Inc. (NASDAQ:ADSK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Co-Chief Executive Officer Compensation
As previously disclosed, effective February 8, 2017, Andrew Anagnost and Amar Hanspal were appointed as Chief Executive Officer (each, a “Co-CEO”) of Autodesk, Inc. (the “Company”) to jointly hold the newly-created Office of the Chief Executive Officer. In connection with their new duties as Co-CEOs, each of Messrs. Anagnost and Hanspal will receive a monthly stipend as additional consideration for their services performed as Co-CEO, in the monthly amount of $70,000 for Mr. Anagnost and $50,000 for Mr. Hanspal, such that their total annual target cash compensation will be comparable while serving as Co-CEOs. In addition, on February 23, 2017, each of Messrs. Anagnost and Hanspal received a one-time equity grant of 17,936 time-based restricted stock units that will vest in full on July 1, 2018. Vesting is subject to the executive’s continued employment with the Company through such date, and is subject to accelerated vesting in the event the executive is terminated other than for cause (as defined in the equity award agreement) or resigns for good reason (as defined in the equity award agreement).
About Autodesk, Inc. (NASDAQ:ADSK)
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. It operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to professionals, post-production facilities and broadcasters for a range of applications. Its software products enable its customers to experience their ideas before they are real by allowing them to imagine, design and create their ideas and to visualize, simulate and analyze real-world performance in the design process by creating digital prototypes. Autodesk, Inc. (NASDAQ:ADSK) Recent Trading Information
Autodesk, Inc. (NASDAQ:ADSK) closed its last trading session up +0.45 at 87.55 with 1,367,978 shares trading hands.
Autodesk, Inc. (Autodesk) is a design software and services company, offering customers productive business solutions through technology products and services. The Company serves customers in the architecture, engineering and construction; manufacturing, and digital media, consumer and entertainment industries. It operates in four segments: Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E). The PSEB, AEC and MFG segments offer a range of services, including consulting, support and training. The M&E segment offers software products to professionals, post-production facilities and broadcasters for a range of applications. Its software products enable its customers to experience their ideas before they are real by allowing them to imagine, design and create their ideas and to visualize, simulate and analyze real-world performance in the design process by creating digital prototypes. Autodesk, Inc. (NASDAQ:ADSK) Recent Trading Information
Autodesk, Inc. (NASDAQ:ADSK) closed its last trading session up +0.45 at 87.55 with 1,367,978 shares trading hands.
