CDK Global, Inc. (NASDAQ:CDK) 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.

On March 1, 2017, Malcolm Thorne tendered his resignation as Executive Vice President, Global Chief Strategy Officer of CDK Global, Inc. (the “Company”), to be effective as of April 15, 2017. To facilitate the Company’s executive officer transition, Mr. Thorne will remain an employee of the Company through June 30, 2017, and will receive continued payment of his current base salary at the annual rate of $400,000. Subject to his continued employment with the Company through June 30, 2017, Mr. Thorne will be eligible to receive the bonus that would be paid to him under the Company’s bonus program for its fiscal year ending June 30, 2017, to the extent earned. Mr. Thorne’s outstanding equity-based compensation awards will continue to vest during his continued employment in accordance with their terms.

About CDK Global, Inc. (NASDAQ:CDK)

CDK Global, Inc. provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. Through its Advertising North America segment, the Company provides advertising solutions, including management of digital advertising spend, for OEMs and automotive retailers. As of June 30, 2016, through its CDK International segment, it provided technology-based solutions similar to the retail solutions provided in its Retail Solutions North America segment in approximately 100 countries outside of the United States and Canada.

CDK Global, Inc. (NASDAQ:CDK) Recent Trading Information

CDK Global, Inc. (NASDAQ:CDK) closed its last trading session down -0.79 at 66.55 with 678,502 shares trading hands.