Gitlab Appoints Michelle L. Wilson to Board of Directors

TL;DR

Gitlab adds Michelle L. Wilson to its board, effective Aug 2.

AI Summary

Gitlab Inc. announced on August 2, 2024, the appointment of Michelle L. Wilson as a new Class III director, effective immediately. Wilson will serve on the Nominating and Corporate Governance Committee. Her appointment fills a vacancy on the board.

Why It Matters

The addition of a new director can bring fresh perspectives and expertise to the company's strategic decision-making and governance.

Risk Assessment

Risk Level: low — This filing is a routine board appointment and does not involve significant financial or operational changes.

Key Players & Entities

• Gitlab Inc. (company) — Registrant
• Michelle L. Wilson (person) — Appointed Class III director
• Nominating and Corporate Governance Committee (company) — Committee Wilson will serve on
• August 2, 2024 (date) — Effective date of appointment

FAQ

Key Financial Figures

• $0.0000025 — stered Class A Common Stock, par value $0.0000025 per share GTLB The Nasdaq Stock Market
• $176.0 — 2025 Guidance FY 2025 Guidance Revenue $176.0 - $177.0 $733.0 - $737.0 Non-GAAP oper
• $177.0 — ance FY 2025 Guidance Revenue $176.0 - $177.0 $733.0 - $737.0 Non-GAAP operating inc
• $733.0 — 2025 Guidance Revenue $176.0 - $177.0 $733.0 - $737.0 Non-GAAP operating income $10
• $737.0 — dance Revenue $176.0 - $177.0 $733.0 - $737.0 Non-GAAP operating income $10.0 - $11.
• $10.0 — 3.0 - $737.0 Non-GAAP operating income $10.0 - $11.0 $34.0 - $38.0 Non-GAAP diluted
• $11.0 — 37.0 Non-GAAP operating income $10.0 - $11.0 $34.0 - $38.0 Non-GAAP diluted net inc
• $34.0 — Non-GAAP operating income $10.0 - $11.0 $34.0 - $38.0 Non-GAAP diluted net income pe
• $38.0 — operating income $10.0 - $11.0 $34.0 - $38.0 Non-GAAP diluted net income per share
• $0.09 — g Q2 FY 2025 and FY 2025, respectively. $0.09 - $0.10 $0.34 - $0.37 Non-GAAP Financ
• $0.10 — 2025 and FY 2025, respectively. $0.09 - $0.10 $0.34 - $0.37 Non-GAAP Financial Meas
• $0.34 — nd FY 2025, respectively. $0.09 - $0.10 $0.34 - $0.37 Non-GAAP Financial Measures
• $0.37 — 25, respectively. $0.09 - $0.10 $0.34 - $0.37 Non-GAAP Financial Measures GitLab

Filing Documents

• gtlb-20240802.htm (8-K) — 46KB
• 0001628280-24-034540.txt ( ) — 150KB
• gtlb-20240802.xsd (EX-101.SCH) — 2KB
• gtlb-20240802_lab.xml (EX-101.LAB) — 17KB
• gtlb-20240802_pre.xml (EX-101.PRE) — 10KB
• gtlb-20240802_htm.xml (XML) — 2KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. Appointment of Interim Chief Revenue Officer Following Mr. Weber's resignation, the Company appointed Ashley Kramer as the Company's Interim Chief Revenue Officer in addition to her current role as Chief Marketing and Strategy Officer, effective August 5, 2024. The Company has commenced a search for Mr. Weber's successor. Ms. Kramer has served as the Company's Chief Marketing and Strategy Officer since March 2022. Prior to that, Ms. Kramer served as the Chief Product Officer and Chief Marketing Officer at Sisense, Inc. from 2020 to 2022. Previously, from 2017 to 2020, Ms. Kramer served as the Senior Vice President of Product and Marketing at Alteryx, Inc. Ms. Kramer earned her master's of science degree in business administration and computer information systems from Colorado State University and her bachelor's degree in computer science from Old Dominion University. Confirmation of Second Quarter and Fiscal Year 2025 Guidance On August 5, 2024, the Company confirmed its second quarter and fiscal year 2025 guidance previously provided in the Company's first quarter fiscal year 2025 earnings release issued on June 3, 2024, as follows: For the second quarter and fiscal year 2025, GitLab Inc. expects ( in millions, except share and per share data ): Q2 FY 2025 Guidance FY 2025 Guidance Revenue $176.0 - $177.0 $733.0 - $737.0 Non-GAAP operating income $10.0 - $11.0 $34.0 - $38.0 Non-GAAP diluted net income per share assuming approximately 167 million and 168 million weighted average shares outstanding during Q2 FY 2025 and FY 2025, respectively. $0.09 - $0.10 $0.34 - $0.37 Non-GAAP Financial Measures GitLab believes non-GAAP measures are useful in evaluating its operating performance. GitLab uses this supplemental information to evaluate its ongoing operations and for internal planning and forecasting purposes. GitLab believes that non-GAAP financial information, when taken collectively with its GAAP financial in

Forward-Looking Statements

Forward-Looking Statements This filing contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although we believe that the expectations reflected in the forward-looking statements contained in this Current Report on Form 8-K are reasonable, they are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause actual results or outcomes to be materially different from any future results or outcomes expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions, and other factors include, but are not limited to the following: our ability to effectively manage future growth; our revenue growth rate in the future; our ability to achieve and sustain profitability, our business, financial condition, and operating results; our intense competition and loss of market share to our competitors; the market for our services may not grow; a decline in our customer renewals and expansions; fluctuations in our operating results; our ability to manage our growth effectively; our transparency; our publicly available company Handbook; security and privacy breaches; customers staying on our free self-managed or SaaS product offering; our limited operating history; our ability to respond to rapid technological changes; our ability to accurately predict the long-term rate of customer subscription renewals or adoption, or the impact of these renewals and adoption; our hiring model; the effects of regional and global conflict, including armed conflict in Ukraine, on our business; and general economic conditions (including changes in interest rates, inflation, increased volatility in the capital markets and instability in the global banking sector) and slow or negative growth of our markets. Further information on these and additional risks, uncertainties, and other factors that could ca

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GitLab Inc. Dated: August 4, 2024 By: /s/ Brian Robins Brian Robins Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR