Fortinet Files 8-K: Operations, Personnel Changes, Financials
Ticker: FTNT · Form: 8-K · Filed: Feb 6, 2025 · CIK: 1262039
| Field | Detail |
|---|---|
| Company | Fortinet, Inc. (FTNT) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel-changes, financials
Related Tickers: FTNT
TL;DR
Fortinet 8-K dropped: financials, exec changes, board updates. Check it out.
AI Summary
Fortinet, Inc. filed an 8-K on February 6, 2025, reporting on its results of operations and financial condition. The filing also disclosed the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. Additionally, it included financial statements and exhibits.
Why It Matters
This filing provides crucial updates on Fortinet's financial performance and significant changes in its leadership and board structure, impacting investor understanding of the company's direction.
Risk Assessment
Risk Level: medium — The filing covers financial results and significant personnel changes, which can introduce uncertainty and affect investor sentiment.
Key Players & Entities
- Fortinet, Inc. (company) — Registrant
- February 4, 2025 (date) — Earliest event reported
- February 6, 2025 (date) — Date of report
- 909 Kifer Road Sunnyvale, CA 94086 (address) — Principal executive offices
FAQ
What specific financial results are being reported in this 8-K?
The filing indicates it covers 'Results of Operations and Financial Condition' but does not provide specific financial figures within the provided text.
Who are the officers or directors whose departure or appointment is being reported?
The filing states 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' but does not name the individuals involved in the provided text.
What is the exact date of the earliest event reported in this filing?
The earliest event reported is dated February 4, 2025.
What is Fortinet, Inc.'s principal executive office address?
Fortinet, Inc.'s principal executive offices are located at 909 Kifer Road, Sunnyvale, CA 94086.
What other items are covered by this 8-K filing besides financial results and officer changes?
The filing also covers 'Financial Statements and Exhibits'.
Filing Stats: 936 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2025-02-06 16:09:58
Key Financial Figures
- $0.001 — nge on which registered) Common Stock, $0.001 Par Value FTNT The Nasdaq Stock Market
Filing Documents
- ftnt-20250204.htm (8-K) — 30KB
- ftntq4-2024ex991.htm (EX-99.1) — 312KB
- fortinetlogoq215a01a23a.jpg (GRAPHIC) — 16KB
- 0001262039-25-000007.txt ( ) — 512KB
- ftnt-20250204.xsd (EX-101.SCH) — 2KB
- ftnt-20250204_lab.xml (EX-101.LAB) — 21KB
- ftnt-20250204_pre.xml (EX-101.PRE) — 12KB
- ftnt-20250204_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On February 6, 2025, Fortinet, Inc. (the "Company") issued a press release reporting its financial results for the fourth quarter and year ended December 31, 2024. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 4, 2025, Keith Jensen, Fortinet's Chief Financial Officer, age 66, notified the Company that he intends to retire on May 15, 2025 after approximately 11 years of service in various roles at the Company (the "Retirement"). Following the Retirement, Mr. Jensen will continue to provide service to the Company through June 30, 2025 to support a smooth transition. The Company extends its gratitude to Mr. Jensen for his years of service on behalf of the Company. Mr. Jensen's decision to retire was not the result of any disagreement with the Company. Effective as of and contingent upon the Retirement, the Company intends to appoint Christiane Ohlgart, age 57, to serve as Chief Financial Officer of the Company (including as its Principal Financial Officer). Ms. Ohlgart will remain as the Company's Principal Accounting Officer. Ms. Ohlgart has served as Chief Accounting Officer of the Company since March 2024. From September 2021 to March 2024, Ms. Ohlgart served as Chief Financial Officer at IGEL Technology ("IGEL"), a secure access operating system developer. Prior to IGEL, from November 2016 to September 2021, Ms. Ohlgart served as VP Finance at th
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release dated February 6 , 202 5 104 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: February 6, 2025 By: /s/ JOHN WHITTLE John Whittle Chief Operating Officer