Fortinet CFO Departs, Interim Appointed
Ticker: FTNT · Form: 8-K · Filed: Nov 12, 2024 · CIK: 1262039
| Field | Detail |
|---|---|
| Company | Fortinet, Inc. (FTNT) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $55,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, cfo, interim-appointment
Related Tickers: FTNT
TL;DR
Fortinet's CFO Michael Scarpino is out, Shannon Kinney is interim CFO.
AI Summary
On November 6, 2024, Fortinet, Inc. announced the departure of its Chief Financial Officer, Michael L. Scarpino. The company has appointed Shannon S. Kinney as the interim CFO. Fortinet, Inc. is headquartered at 909 Kifer Road, Sunnyvale, CA 94086.
Why It Matters
The unexpected departure of a CFO can signal internal changes or concerns, potentially impacting investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — A CFO departure, especially without a permanent replacement named, can introduce uncertainty regarding financial leadership and strategy.
Key Players & Entities
- Fortinet, Inc. (company) — Registrant
- Michael L. Scarpino (person) — Departing Chief Financial Officer
- Shannon S. Kinney (person) — Interim Chief Financial Officer
- November 6, 2024 (date) — Date of earliest event reported
- 909 Kifer Road, Sunnyvale, CA 94086 (address) — Principal executive offices
FAQ
Who has been appointed as the interim Chief Financial Officer of Fortinet, Inc.?
Shannon S. Kinney has been appointed as the interim Chief Financial Officer.
When was the earliest event reported in this Form 8-K filing?
The earliest event reported was on November 6, 2024.
What is the principal executive office address for Fortinet, Inc.?
The principal executive office address is 909 Kifer Road, Sunnyvale, CA 94086.
What was the previous role of Michael L. Scarpino at Fortinet, Inc.?
Michael L. Scarpino was the Chief Financial Officer.
What is the filing date of this Form 8-K?
The filing date is November 12, 2024.
Filing Stats: 866 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-11-12 16:21:39
Key Financial Figures
- $0.001 — nge on which registered) Common Stock, $0.001 Par Value FTNT The Nasdaq Stock Market
- $55,000 — will receive an annual cash retainer of $55,000 for serving on the Board, as well as an
Filing Documents
- ftnt-20241106.htm (8-K) — 29KB
- ex991napolitanoappointment.htm (EX-99.1) — 26KB
- fortinetlogoq215a01a23a.jpg (GRAPHIC) — 16KB
- 0001262039-24-000045.txt ( ) — 204KB
- ftnt-20241106.xsd (EX-101.SCH) — 2KB
- ftnt-20241106_lab.xml (EX-101.LAB) — 21KB
- ftnt-20241106_pre.xml (EX-101.PRE) — 12KB
- ftnt-20241106_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 dated November 12 , 2024 104 Cover Page Interactive Data File - the cover page for this Current Report on Form 8-K is formatted in iXBRL
SIGNATURES
SIGNATURES 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. Fortinet, Inc. Date: November 12, 2024 By: /s/ JOHN WHITTLE John Whittle Chief Operating Officer