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
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Committee of the Board of Directors (the Board) of Autodesk, Inc.
(the Company) adopted amendments to the Company’s Executive Change
in Control Program (the Program), which is applicable to each of
the Company’s executive officers. The Program, which would have
terminated on January 31, 2017, was extended to January 31, 2022.
The Program was originally approved in 2000 and provides for
certain payments to participants whose employment is terminated
without cause or for good reason (each as defined in the Program)
in connection with a change of control (as defined in the Program),
provided the participant executes a release and non-solicitation
agreement.
definitions under the Program and changed certain administrative
mechanics under the Program.
the Program shall terminate automatically on January 31, 2022,
unless the Board, in its sole discretion, determines to extend the
duration of the Program.
incorporated herein by reference.
member of the Board for personal reasons, effective immediately. At
the time of his resignation, Mr. West served as a member of the
Board’s Audit Committee. Mr. West advised the Company that his
resignation was not in connection with any disagreement with the
Company on any matter relating to its operations, policies or
practices.
in Fiscal Year.
December 16, 2016, the Board amended Article III, Section 3.2 of
the Company’s Bylaws to change the number of directors from eleven
(11) to ten (10). The amendment to the Bylaws became effective
immediately upon its adoption.
incorporated herein by reference.
16, 2016
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10.1*
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Amended and Restated Executive Change in Control Program
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arrangement.
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 +0.31 at 76.01 with 1,630,903 shares trading hands.
