NUTANIX, INC. (NASDAQ:NTNX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
-
0
NUTANIX, INC. (NASDAQ:NTNX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

NUTANIX, INC. (NASDAQ:NTNX) 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 August 27, 2019, the Compensation Committee of the Board of Directors of Nutanix, Inc. (the “Company”) approved changes to the Company’s compensation arrangements with certain of its Section 16 officers, including certain of its named executive officers (collectively, the “Named Executive Officers”): Duston Williams, the Company’s Chief Financial Officer; David Sangster, the Company’s Chief Operating Officer; and Tyler Wall, the Company’s Chief Legal officer.
The base salaries for the following Named Executive Officers were changed, effective retroactively to August 1, 2019, as follows:
•Duston Williams: $475,000;
•David Sangster: $475,000; and
•Tyler Wall: $425,000.
In addition, each of the following Named Executive Officers received the following grants of restricted stock units (“RSUs”):
•Duston Williams: 150,000 RSUs;
•David Sangster: 250,000 RSUs; and
•Tyler Wall: 75,000 RSUs.
The RSUs will vest in 16 equal quarterly installments beginning on December 15, 2019, subject to the applicable Named Executive Officer’s continuous service to the Company on each vesting date.
>
About NUTANIX, INC. (NASDAQ:NTNX)

Nutanix, Inc. is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas. Its solution consists of software product families, including Acropolis and Prism. Its solution is delivered on commodity x86 servers. Acropolis includes its Distributed Storage Fabric that delivers enterprise-grade data management features. Acropolis also includes a built-in hypervisor, and its Application Mobility Fabric that enables application placement, conversion and migration across various hypervisors, and between public and private clouds. Prism delivers integrated virtualization and infrastructure management, operational analytics and a suite of one-click administration capabilities.