BARRACUDA NETWORKS, INC. (NYSE:CUDA) 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.

James J. Goetz and David R. Golob resigned from the Board of Directors (the “Board”) of Barracuda Networks, Inc. (the “Company”), on May 10, 2017. Messrs. Goetz and Golob served nine years and eleven years on the Board, respectively, and through Sequoia Capital and Francisco Partners, respectively, were early investors in the Company.

Mr. Zachary S. Levow, Founder and CTO, also resigned from the Board on May 10, 2017. Mr. Levow will continue his employment with the Company and serve as the CTO.

Mr. Gordon Stitt retired from the Board after serving ten years as a Director, and tendered his resignation on May 10, 2017.

The decision of each of Messrs. Goetz, Golob, Levow and Stitt was for personal reasons and not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

On May 11, 2017, the Board accepted the resignations of Messrs. Goetz, Golob, Levow and Stitt and, in accordance with the Company’s bylaws, reduced the number of authorized members of the Board from ten to six directors, effective immediately.

About BARRACUDA NETWORKS, INC. (NYSE:CUDA)

Barracuda Networks, Inc. designs and delivers security and data protection solutions. The Company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers. Its security solutions include Barracuda Email Security, The Barracuda Web Security Gateway, Barracuda NextGen Firewalls, The Barracuda Web Application Firewall, The Barracuda Load Balancer ADC and The Barracuda SSL VPN. Its data protection solutions provide solutions for on-premises and cloud-based archiving and backup. Its data protection solutions include Barracuda Backup, Barracuda Message Archiver and CudaSign. Its solution suites combine its security and data protection offerings into services designed for cloud platforms and managed services environments. Its solution suites include Barracuda Essentials for Office 365 and Intronis ECHOplatform.

BARRACUDA NETWORKS, INC. (NYSE:CUDA) Recent Trading Information

BARRACUDA NETWORKS, INC. (NYSE:CUDA) closed its last trading session down -0.22 at 21.14 with 461,227 shares trading hands.