VMWARE, INC. (NYSE:VMW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
VMWARE, INC. (NYSE:VMW) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 26, 2016, VMware, Inc. (“VMware” or the “Company”) filed a Form 8-K disclosing the appointments of Sanjay Poonen as Chief Operating Officer, Customer Operations and Raghu Raghuram as Chief Operating Officer, Products and Cloud Services. Such Form 8-K filing is amended to disclose that, on November 16, 2016, the Compensation and Corporate Governance Committee of the Board of Directors of the Company (the “Committee”) approved changes to Messrs. Poonen’s and Raghuram’s compensation to reflect their increased responsibilities.
Each of Mr. Poonen’s and Mr. Raghuram’s base annual salaries was increased from $610,000 to $700,000. The Committee also granted restricted stock unit (“RSU”) awards of 40,715 RSUs to each officer. Subject to continuing employment with VMware, each awards will vest with respect to 50% of the RSUs on November 1, 2019.
About VMWARE, INC. (NYSE:VMW)
VMware, Inc. is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). Its compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments. Its SDDC is designed to transform the data center into an on-demand service. Its cloud strategy has three components, which include continue to expand beyond compute virtualization in the private cloud, extend the private cloud into the public cloud, and connect and secure endpoints across a range of public clouds. Its End-User Computing portfolio enables IT organizations to deliver secure access to applications, data and devices for their end users. VMWARE, INC. (NYSE:VMW) Recent Trading Information
VMWARE, INC. (NYSE:VMW) closed its last trading session up +0.26 at 80.40 with 1,756,710 shares trading hands.
VMware, Inc. is a provider of virtualization infrastructure solutions and cloud infrastructure solutions. The Company develops and markets its product and service offerings within three product groups, which include software-defined data center (SDDC), hybrid cloud computing and end-user computing (EUC). Its compute virtualization includes offerings that allow organizations to manage Information technology (IT) resources across private clouds and complex multi-cloud, and multi-device environments. Its SDDC is designed to transform the data center into an on-demand service. Its cloud strategy has three components, which include continue to expand beyond compute virtualization in the private cloud, extend the private cloud into the public cloud, and connect and secure endpoints across a range of public clouds. Its End-User Computing portfolio enables IT organizations to deliver secure access to applications, data and devices for their end users. VMWARE, INC. (NYSE:VMW) Recent Trading Information
VMWARE, INC. (NYSE:VMW) closed its last trading session up +0.26 at 80.40 with 1,756,710 shares trading hands.
