Cloudflare Elects New Directors, Adjusts Officer Compensation
Ticker: NET · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1477333
| Field | Detail |
|---|---|
| Company | Cloudflare, Inc. (NET) |
| Form Type | 8-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: NET
TL;DR
Cloudflare adds 2 directors, updates exec pay – board shakeup incoming?
AI Summary
On February 29, 2024, Cloudflare, Inc. filed an 8-K to report changes in its board of directors and executive compensation. Specifically, the company announced the election of two new Class II directors, Eleanor S. D. Wong and Christopher L. Peterson, to serve until the 2026 annual meeting of stockholders. Additionally, the filing details the compensatory arrangements for certain officers, including equity awards.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can sometimes indicate underlying issues or strategic shifts that may affect the company's future performance.
Key Players & Entities
- Cloudflare, Inc. (company) — Registrant
- Eleanor S. D. Wong (person) — Newly elected Class II Director
- Christopher L. Peterson (person) — Newly elected Class II Director
- February 29, 2024 (date) — Date of Report
FAQ
Who were the newly elected directors for Cloudflare?
Eleanor S. D. Wong and Christopher L. Peterson were elected as new Class II directors.
What is the term for the newly elected directors?
They will serve until the 2026 annual meeting of stockholders.
What type of event is reported in this 8-K filing?
This 8-K reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported was on February 29, 2024.
What is Cloudflare's principal executive office address?
Cloudflare's principal executive offices are located at 101 Townsend Street, San Francisco, CA 94107.
Filing Stats: 493 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-03-01 16:23:34
Key Financial Figures
- $0.001 — which registered Class A Common Stock, $0.001 par value NET New York Stock Exchange
Filing Documents
- cloud-20240229.htm (8-K) — 24KB
- 0001477333-24-000022.txt ( ) — 147KB
- cloud-20240229.xsd (EX-101.SCH) — 2KB
- cloud-20240229_lab.xml (EX-101.LAB) — 23KB
- cloud-20240229_pre.xml (EX-101.PRE) — 12KB
- cloud-20240229_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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. Cloudflare, Inc. Dated: March 1, 2024 By: /s/ Douglas Kramer Douglas Kramer Chief Legal Officer and Secretary