CrowdStrike Holdings, Inc. Announces 2024 Annual Meeting of Stockholders
Ticker: CRWD · Form: DEF 14A · Filed: May 6, 2024 · CIK: 1535527
| Field | Detail |
|---|---|
| Company | Crowdstrike Holdings, INC. (CRWD) |
| Form Type | DEF 14A |
| Filed Date | May 6, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $3.06 billion, $3.44 billion, $1.17 billion, $938.2 million, $850.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Annual Meeting, Board of Directors, Executive Compensation, Independent Auditor
TL;DR
<b>CrowdStrike Holdings, Inc. will hold its virtual Annual Meeting of Stockholders on June 18, 2024, to elect directors, ratify auditors, and vote on executive compensation.</b>
AI Summary
CrowdStrike Holdings, Inc. (CRWD) filed a Proxy Statement (DEF 14A) with the SEC on May 6, 2024. Annual Meeting scheduled for June 18, 2024, at 8:15 a.m. Pacific Time. Meeting will be conducted virtually via live audio webcast at www.virtualshareholdermeeting.com/CRWD2024. Stockholders will vote on the election of Roxanne S. Austin, Sameer K. Gandhi, and Gerhard Watzinger to the Board of Directors. Proposal to ratify PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal year ending January 31, 2025. Advisory vote on the compensation of named executive officers.
Why It Matters
For investors and stakeholders tracking CrowdStrike Holdings, Inc., this filing contains several important signals. The virtual format aims to increase stockholder access, participation, and attendance globally, while also offering cost savings. Key proposals include electing board nominees and ratifying the appointment of PricewaterhouseCoopers LLP, impacting corporate governance and financial oversight.
Risk Assessment
Risk Level: low — CrowdStrike Holdings, Inc. shows low risk based on this filing. The filing is a routine proxy statement (DEF 14A) for an annual meeting, with no immediate financial or operational disclosures beyond standard governance proposals.
Analyst Insight
Stockholders should review the proposals regarding director elections and executive compensation to make informed voting decisions.
Key Numbers
- June 18, 2024 — Annual Meeting Date (Date of the Annual Meeting of Stockholders.)
- 8:15 a.m. Pacific Time — Annual Meeting Time (Time of the Annual Meeting of Stockholders.)
- April 22, 2024 — Record Date (Record date for determining stockholders entitled to vote.)
- 2027 — Director Term End (Year until which elected directors will hold office.)
- January 31, 2025 — Fiscal Year End (Fiscal year for which the auditor is being ratified.)
Key Players & Entities
- CrowdStrike Holdings, Inc. (company) — Registrant and filer of the proxy statement.
- Roxanne S. Austin (person) — Nominee for the Board of Directors.
- Sameer K. Gandhi (person) — Nominee for the Board of Directors.
- Gerhard Watzinger (person) — Nominee for the Board of Directors.
- PricewaterhouseCoopers LLP (company) — Proposed independent registered public accounting firm.
- Securities Exchange Act of 1934 (regulator) — Act under which the proxy statement is filed.
FAQ
When did CrowdStrike Holdings, Inc. file this DEF 14A?
CrowdStrike Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on May 6, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by CrowdStrike Holdings, Inc. (CRWD).
Where can I read the original DEF 14A filing from CrowdStrike Holdings, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CrowdStrike Holdings, Inc..
What are the key takeaways from CrowdStrike Holdings, Inc.'s DEF 14A?
CrowdStrike Holdings, Inc. filed this DEF 14A on May 6, 2024. Key takeaways: Annual Meeting scheduled for June 18, 2024, at 8:15 a.m. Pacific Time.. Meeting will be conducted virtually via live audio webcast at www.virtualshareholdermeeting.com/CRWD2024.. Stockholders will vote on the election of Roxanne S. Austin, Sameer K. Gandhi, and Gerhard Watzinger to the Board of Directors..
Is CrowdStrike Holdings, Inc. a risky investment based on this filing?
Based on this DEF 14A, CrowdStrike Holdings, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement (DEF 14A) for an annual meeting, with no immediate financial or operational disclosures beyond standard governance proposals.
What should investors do after reading CrowdStrike Holdings, Inc.'s DEF 14A?
Stockholders should review the proposals regarding director elections and executive compensation to make informed voting decisions. The overall sentiment from this filing is neutral.
Risk Factors
- Compliance with SEC Regulations [low — regulatory]: The company must comply with all regulations set forth by the SEC regarding proxy solicitations and annual meetings.
- Virtual Meeting Logistics [low — operational]: Ensuring a smooth and accessible virtual meeting experience for all stockholders is crucial for effective participation.
- Auditor Independence and Effectiveness [low — financial]: The ratification of the independent auditor is key to maintaining confidence in the company's financial reporting.
- Director Election Process [low — legal]: The election of directors is a fundamental governance process that requires adherence to corporate bylaws and legal requirements.
Key Dates
- 2024-06-18: Annual Meeting of Stockholders — Key date for voting on board nominees, auditor ratification, and executive compensation.
- 2024-04-22: Record Date — Determines which stockholders are eligible to vote at the Annual Meeting.
Glossary
- DEF 14A
- Definitive Proxy Statement (This filing provides detailed information to shareholders regarding matters to be voted on at the annual meeting.)
- Proxy Statement
- A document filed with the SEC that contains information that a company must provide to shareholders before their annual meeting. (Essential for shareholders to understand proposals and make informed voting decisions.)
Filing Stats: 4,426 words · 18 min read · ~15 pages · Grade level 11.7 · Accepted 2024-05-06 16:16:28
Key Financial Figures
- $3.06 billion — ear increase in total revenue, reaching $3.06 billion; a 34% year-over-year increase in end
- $3.44 billion — recurring revenue ("ARR"), (1) reaching $3.44 billion as of January 31, 2024; achieving GAA
- $1.17 billion — ters and full fiscal year; generating $1.17 billion in net cash provided by operating activ
- $938.2 million — r 38% of revenue, and free cash flow of $938.2 million to deliver free cash flow margin of 31%
- $850.0 million — gen SIEM solutions, together surpassing $850.0 million of ending ARR; and increasing custome
Filing Documents
- tm242831d2_def14a.htm (DEF 14A) — 1727KB
- lg_crowdstrike-pn.jpg (GRAPHIC) — 19KB
- ic_calender-pn.gif (GRAPHIC) — 1KB
- ic_meeting-pn.jpg (GRAPHIC) — 5KB
- sg_georgekurtz-bw.jpg (GRAPHIC) — 5KB
- ic_chair-pn.jpg (GRAPHIC) — 2KB
- ic_tickround-pn.jpg (GRAPHIC) — 3KB
- ic_internet-pn.jpg (GRAPHIC) — 2KB
- ic_qrcode-bwlr.jpg (GRAPHIC) — 19KB
- ic_calender-pn.jpg (GRAPHIC) — 2KB
- ic_clock-pn.jpg (GRAPHIC) — 2KB
- ph_roxanneaustin-4c.gif (GRAPHIC) — 107KB
- ph_sameergandhi-4c.gif (GRAPHIC) — 96KB
- ph_gerhardwatzinger-4c.gif (GRAPHIC) — 85KB
- ph_carydavis-4c.gif (GRAPHIC) — 96KB
- ph_georgekurtz-4c.gif (GRAPHIC) — 82KB
- ph_lauraschumacher-4c.gif (GRAPHIC) — 109KB
- ph_johannaflower-4c.gif (GRAPHIC) — 107KB
- ph_denisoleary-4c.gif (GRAPHIC) — 79KB
- ph_godfreysulliva-4c.gif (GRAPHIC) — 105KB
- lc_comparison-pn.gif (GRAPHIC) — 35KB
- lc_cumulative-pn.gif (GRAPHIC) — 31KB
- pc_avgneo-pn.gif (GRAPHIC) — 27KB
- ic_crossround-pn.gif (GRAPHIC) — 2KB
- bc_tsr-pn.jpg (GRAPHIC) — 64KB
- bc_netincome-pn.jpg (GRAPHIC) — 72KB
- bc_optincome-pn.jpg (GRAPHIC) — 76KB
- px_24crowdproxy01pg01-bw.jpg (GRAPHIC) — 226KB
- px_24crowdproxy01pg02-bw.jpg (GRAPHIC) — 177KB
- 0001104659-24-057449.txt ( ) — 6791KB
- crwd-20240131.xsd (EX-101.SCH) — 8KB
- crwd-20240131_def.xml (EX-101.DEF) — 7KB
- crwd-20240131_lab.xml (EX-101.LAB) — 25KB
- crwd-20240131_pre.xml (EX-101.PRE) — 6KB
- tm242831d2_def14a_htm.xml (XML) — 158KB
Executive Compensation Discussion and Analysis
Executive Compensation Discussion and Analysis 26 Pay Ratio Disclosure 41
Executive Compensation Tables
Executive Compensation Tables 42 Equity Compensation Plan Information 51
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 52 Delinquent Section 16(a) Reports 54
Legal Proceedings
Legal Proceedings 54 Transactions with Related Parties and Indemnification 54 Householding of Proxy Materials 57 Questions and Answers about these Proxy Materials and Voting 58 Other Matters 62 Appendix A: Non-GAAP Financial Measures A-1 TABLE OF CONTENTS Proposal 1 Election of Directors The Board of Directors of CrowdStrike Holdings, Inc. (the "Board") is divided into three classes, designated as Class I, Class II and Class III. Each class consists, as nearly as practicable, of one-third of the total number of directors constituting the entire Board, and each class has a three-year term. One class of directors is elected by the stockholders at each annual meeting to serve from the time of their election until the third annual meeting of stockholders following their election. Each director's term shall continue until the election and qualification of his or her successor, or his or her earlier death, resignation, or removal. Any additional directorships resulting from an increase in the number of authorized directors will be distributed among the three classes so that, as nearly as possible, each class will consist of one-third of the directors. The Board currently has nine members. There are three directors in Class II whose term of office expires in 2024: Roxanne S. Austin, Sameer K. Gandhi and Gerhard Watzinger. The Board has nominated Roxanne S. Austin, Sameer K. Gandhi and Gerhard Watzinger for election as Class II directors at the Annual Meeting. Each of the three nominees is currently a director of CrowdStrike. The nominees were recommended for election by the Nominating and Corporate Governance Committee of the Board and the Board has approved such recommendation. If elected at the Annual Meeting, the nominees would serve until the 2027 annual meeting and until their respective successors have been duly elected and qualified, or, if sooner, until the director's death, resignation or removal. Directors are elected by a plura