Market Exclusive

ZENDESK, INC. (NYSE:ZEN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ZENDESK, INC. (NYSE:ZEN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 9.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 8, 2017, the Board of Directors (the “Board”) of Zendesk, Inc. (the “Company”) appointed Hilarie Koplow-McAdams to the Board as a Class I director, effective that day, with a term expiring at the Company’s 2018 annual meeting of stockholders. Concurrent with her election as a director of the Company, Ms. Koplow-McAdams was appointed to the Compensation Committee of the Board.

There are no arrangements or understandings between Ms. Koplow-McAdams and any other persons to which she was selected to serve as a director. Additionally, there are no transactions involving the Company and Ms. Koplow-McAdams that the Company would be required to report to Item 404(a) of Regulation S-K.

Ms. Koplow-McAdams will be entitled to receive compensation for her Board and committee service in accordance with the Company’s standard compensation arrangements for non-employee directors to the Company’s Amended and Restated Non-Employee Director Compensation Policy (the “Non-Employee Director Compensation Policy”), which is filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on May 18, 2017, as adjusted by the Board from time to time.Additionally, as set forth in the Non-Employee Director Compensation Policy and in connection with Ms. Koplow-McAdams’ appointment, Ms. Koplow-McAdams received an equity grant of restricted stock units having a fair market value equal to $150,000, based on the average closing price of the Company’s common stock over the 30 trading days prior to the date of grant.The Company has also entered into its standard form of Indemnification Agreement with Ms. Koplow-McAdams in connection with her appointment to the Board.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

10.1*Amended and Restated Non-Employee Director Compensation Policy.

10.2**Form of Indemnification Agreement.

* Previously filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 18, 2017.

** Previously filed as Exhibit 10.1 to the Company’s Registration Statement on Form S-1, filed with the Securities and Exchange Commission on April 10, 2014.

About ZENDESK, INC. (NYSE:ZEN)
Zendesk, Inc. is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company’s platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company also provides SaaS live chat software that can be utilized independently to facilitate communications between organizations and their customers. The Company’s platform provides organizations with a single customer service interface to manage all their one-on-one customer interactions. The Company’s customer service platform helps organizations track and predict common questions and provides a path to answers. It offers a range of subscription plans for its customer service platform, which include Essential, Team, Professional and Enterprise. Its analytics software allows subscribers to connect and build queries across multiple data sources and analyze results through a range of data visualizations.

Exit mobile version