New Relic, Inc. (NYSE:NEWR) Files An 8-K Results of Operations and Financial Condition
Item2.02.
|
Results of Operations and Financial Condition. |
On April4, 2017, New Relic, Inc. (the Company) issued a press
release announcing preliminary financial results for the fourth
quarter and year ended March31, 2017. A copy of the press
release, entitled New Relic Announces Strong Preliminary Results
for Fourth Quarter Fiscal 2017, is furnished to Item2.02 as
Exhibit 99.1 to this Current Report.
The information in this Item2.02 and the press release attached
as Exhibit 99.1 hereto are furnished to, but not filed with, the
Securities and Exchange Commission (SEC) and shall not be deemed
to be incorporated by reference into any of the Companys filings
with the SEC under the Securities Act of 1933, as amended, or the
Securities Exchange Act of 1934, as amended, whether made before
or after the date hereof, regardless of any general incorporation
language in such filing.
| Item5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On March31, 2017, Hilarie Koplow-McAdams, the Companys President,
informed the Company that she will retire from the Company,
stepping down as President effectively immediately.
Ms.Koplow-McAdams has entered into a separation and transition
agreement with the Company (the Transition Agreement), whereby
she has agreed to remain an employee of the Company through
June11, 2017 (the Resignation Date) in an advisory capacity to
ensure a smooth transition. to the Transition Agreement,
Ms.Koplow-McAdams will continue receiving her current base salary
and benefits, and continue vesting in her outstanding equity
awards, through the Resignation Date so long as she remains
employed by the Company through such date. Ms.Koplow-McAdams will
also be entitled to (i)a cash payment equal to six (6)months base
salary as of the Resignation Date, (ii)up to six (6)months of
continued COBRA premiums and (iii)acceleration of six (6)months
of additional vesting (106,250 shares) under the initial stock
option granted to Ms.Koplow-McAdams at the beginning of her
employment with the Company, in each case provided that she signs
a release of claims following the Resignation Date.
| Item9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit Number |
Description |
|
| 99.1 |
Press Release, dated April 4, 2017, entitled New Relic Announces Strong Preliminary Results for Fourth Quarter Fiscal 2017. |
About New Relic, Inc. (NYSE:NEWR)
New Relic, Inc. (New Relic) is a provider of enterprise software. The Company’s cloud-based platform and range of products enable organizations to collect, store and analyze software data in real time. The Company’s New Relic Software Analytics Cloud consists of an integrated suite of products, a data database and an open platform. New Relic offers an integrated suite of products, namely, New Relic APM, for application performance management; New Relic Mobile, for mobile application performance management; New Relic Servers, for server monitoring for cloud and data centers; New Relic Browser, for end user experience monitoring and performance monitoring; New Relic Synthetics, for software testing through simulated usage; New Relic Plugins, plugins to extend its functionality into other applications; New Relic Alerts, for policy management and delivering alerts across entire suite of products, and New Relic Insights, for real-time big data analytics for business managers. New Relic, Inc. (NYSE:NEWR) Recent Trading Information
New Relic, Inc. (NYSE:NEWR) closed its last trading session up +0.11 at 37.06 with 194,953 shares trading hands.
