TINTRI, INC. (NASDAQ:TNTR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Appointment of Chief Executive Officer and Director
In a Current Report on Form 8-K filed on March15, 2018 (the “Original 8-K”), Tintri, Inc. (the “Company”) disclosed that Mr.Ken Klein would resign as the Company’s Chief Executive Officer and that the Board of Directors (the “Board”) of the Company had appointed Mr.Tom Barton as the Company’s new Chief Executive Officer, each reported as expected to become effective as of April2, 2018. The Company is filing this amendment to the Original 8-K to confirm that Mr.Klein’s resignation and Mr.Barton’s appointment occurred effective as of April2, 2018. On April4, 2018, the Company issued a press release announcing that Mr.Barton’s appointment as Chief Executive Officer and director had become effective and describing his compensation arrangement, a copy of which press release is filed herewith as Exhibit 99.1 and incorporated in its entirety by reference herein.
Additionally, in the Original 8-K the Company reported that Mr.Barton would be awarded restricted stock units covering 750,000 shares of the Company’s common stock (“RSUs”) and a stock option to purchase 520,000 shares of the Company’s common stock (the “Option”). The Company is filing this amendment to the Original 8-K to report that on April2, 2018, the Company and Mr.Barton revised Mr.Barton’s offer letter to provide that Mr.Barton would not be awarded the RSUs and instead the Option would be increased to a new total of 1,700,000 shares of the Company’s common stock. On April2, 2018, the Compensation Committee of the Board (the “Committee”) approved the amendment to the Option and canceled the award of the RSUs. All other information in the Original 8-K describing the Option remains unchanged.
The above description is qualified in its entirety by the revised offer letter between the Company and Mr.Barton, which will be filed as an exhibit to our Annual Report on Form10-Kfor the year ended January31, 2018.
Inducement Plan
In connection with the amendment to the Option, the Committee approved an increase in the number of shares of the Company’s common stock reserved for issuance under the Tintri, Inc. Inducement Plan to a new total of 1,700,000.
| Item 5.02. | Financial Statements and Exhibits. |
(d) Exhibits
Tintri, Inc. ExhibitEX-99.1 2 d549492dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Tintri Announces Inducement Grants under NASDAQ Listing Rule 5635(c)(4) MOUNTAIN VIEW,…To view the full exhibit click here
About TINTRI, INC. (NASDAQ:TNTR)
Tintri, Inc. provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services. Its Tintri enterprise cloud platform consists of its Tintri CONNECT architecture, Tintri software and Tintri storage systems. The Company’s Tintri CONNECT is a software architecture for virtualized and cloud applications. Its Tintri software includes Tintri OS, Tintri Global Center, VM Scale-out, Tintri Analytics, ReplicateVM and SyncVM. Its Tintri VMstore T5000 all-flash systems provide all-flash capacity in a two rack unit form factor. The Company also offers two bundles of its storage systems for cloud use cases. TINTRI, INC. (NASDAQ:TNTR) Recent Trading Information
TINTRI, INC. (NASDAQ:TNTR) closed its last trading session up +0.10 at 1.80 with shares trading hands.