MICROSTRATEGY INCORPORATED (NASDAQ:MSTR) 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.

Salary and Annual Cash Bonus Target Determinations for Chief Financial Officer and Chief Technology Officer

On March 20, 2017, the Chief Executive Officer (the “CEO”) of MicroStrategy Incorporated (the “Company”) approved increases to the annual salaries of Phong Q. Le, the Company’s Senior Executive Vice President & Chief Financial Officer, and Timothy E. Lang, the Company’s Senior Executive Vice President & Chief Technology Officer, resulting in annual salaries of $600,000 for Mr. Le and $450,000 for Mr. Lang. These increases are effective April 1, 2017.

Also on March 20, 2017, the CEO established annual cash bonus targets of $500,000 for Mr. Le and $450,000 for Mr. Lang. Any award to the foregoing cash bonus targets will be determined by the CEO annually based on the CEO’s subjective evaluation of each of Messrs. Le and Lang’s performance in the context of general economic and industry conditions and Company performance during the applicable year.

About MICROSTRATEGY INCORPORATED (NASDAQ:MSTR)

MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud. MicroStrategy’s enterprise platform combines traditional business intelligence functionality with data discovery, mobile analytics and enterprise security. MicroStrategy 10 consists of MicroStrategy Analytics, MicroStrategy Mobile and Usher. MicroStrategy Analytics delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights. MicroStrategy Mobile is available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud. Usher is a mobile security platform designed to dematerialize traditional forms of identity verification.

MICROSTRATEGY INCORPORATED (NASDAQ:MSTR) Recent Trading Information

MICROSTRATEGY INCORPORATED (NASDAQ:MSTR) closed its last trading session down -0.27 at 186.14 with 66,444 shares trading hands.