Domo, Inc. Announces CEO and CFO Changes
Ticker: DOMO · Form: 8-K · Filed: Sep 3, 2024 · CIK: 1505952
| Field | Detail |
|---|---|
| Company | Domo, Inc. (DOMO) |
| Form Type | 8-K |
| Filed Date | Sep 3, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $400,000, $250,000, $395,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, leadership-transition, board-changes
TL;DR
New CEO Josh Ellingson and CFO Mark Walker take over at Domo, Inc. effective Aug 30.
AI Summary
Domo, Inc. announced on August 27, 2024, a series of executive and board changes. The company appointed Josh Ellingson as Chief Executive Officer and a member of the Board of Directors, effective August 30, 2024. Additionally, Mark L. Walker was appointed as Chief Financial Officer and Chief Legal Officer, also effective August 30, 2024. The filing also disclosed the departure of several officers and directors, including former CEO and Chairman of the Board, John L. McDonald.
Why It Matters
This filing signals a significant leadership transition at Domo, Inc., with new appointments to key executive roles and the board, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting investor confidence and operational stability.
Key Players & Entities
- Domo, Inc. (company) — Registrant
- Josh Ellingson (person) — Appointed Chief Executive Officer and Board Member
- August 30, 2024 (date) — Effective date of new appointments
- Mark L. Walker (person) — Appointed Chief Financial Officer and Chief Legal Officer
- John L. McDonald (person) — Departing CEO and Chairman of the Board
- August 27, 2024 (date) — Date of report
FAQ
Who has been appointed as the new CEO of Domo, Inc.?
Josh Ellingson has been appointed as the new Chief Executive Officer of Domo, Inc.
When are the new executive appointments effective?
The appointments of Josh Ellingson and Mark L. Walker are effective August 30, 2024.
Who is the new Chief Financial Officer and Chief Legal Officer?
Mark L. Walker has been appointed as the new Chief Financial Officer and Chief Legal Officer.
Who has departed from their role as CEO and Chairman of the Board?
John L. McDonald has departed from his role as CEO and Chairman of the Board.
What is the effective date of the earliest event reported in this filing?
The earliest event reported in this filing occurred on August 27, 2024.
Filing Stats: 950 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-08-30 19:45:04
Key Financial Figures
- $0.001 — stered Class B Common Stock, par value $0.001 per share DOMO The Nasdaq Global Market
- $400,000 — l base salary for 2024 was increased to $400,000 and his target bonus for 2024 was incre
- $250,000 — target bonus for 2024 was increased to $250,000. In connection with his appointment, Mr
- $395,000 — ") having an approximate value equal to $395,000 , with one-quarter of the RSUs vesting
Filing Documents
- domo8k-20240827.htm (8-K) — 32KB
- domoaug292024pressrelease-.htm (EX-99.1) — 10KB
- 0001505952-24-000052.txt ( ) — 168KB
- domo8k-20240827.xsd (EX-101.SCH) — 2KB
- domo8k-20240827_lab.xml (EX-101.LAB) — 21KB
- domo8k-20240827_pre.xml (EX-101.PRE) — 12KB
- domo8k-20240827_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Domo, Inc. dated Aug 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DOMO, INC. Date: August 30, 2024 By: /s/ David Jolley David Jolley Chief Financial Officer