Veeva Systems Inc. Announces Board and Executive Changes
Ticker: VEEV · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1393052
| Field | Detail |
|---|---|
| Company | Veeva Systems Inc (VEEV) |
| Form Type | 8-K |
| Filed Date | Sep 16, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.00001, $450,000, $185 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
Related Tickers: VEEV
TL;DR
Veeva board shakeup and exec comp changes filed. Watch for new strategy.
AI Summary
Veeva Systems Inc. announced on September 11, 2024, changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key executives. Specific details regarding the financial impact or new appointments are not elaborated in this initial filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or future performance expectations.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation structures can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Veeva Systems Inc. (company) — Registrant
- September 11, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of directors or certain officers?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles in this section.
Who are the newly elected directors?
The filing mentions the election of directors but does not name the individuals in this summary.
What are the details of the compensatory arrangements for certain officers?
The filing notes updates to compensatory arrangements for certain officers, but the specific details are not provided in this initial report.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 11, 2024.
What is Veeva Systems Inc.'s state of incorporation and IRS Employer Identification Number?
Veeva Systems Inc. is incorporated in Delaware and its IRS Employer Identification Number is 20-8235463.
Filing Stats: 917 words · 4 min read · ~3 pages · Grade level 10.4 · Accepted 2024-09-16 08:01:58
Key Financial Figures
- $0.00001 — stered Class A Common Stock, par value $0.00001 per share VEEV New York Stock Exchange
- $450,000 — ener will have an annual base salary of $450,000 and will be eligible to participate in
- $185 — of 6,579 shares, with a strike price of $185.74, which will vest at a rate of 25% pe
Filing Documents
- veev-20240911.htm (8-K) — 31KB
- us_offerletterxbrianvanw.htm (EX-10.1) — 28KB
- us_offerletterxbrianvanw001.jpg (GRAPHIC) — 213KB
- us_offerletterxbrianvanw002.jpg (GRAPHIC) — 135KB
- us_offerletterxbrianvanw003.jpg (GRAPHIC) — 100KB
- us_offerletterxbrianvanw004.jpg (GRAPHIC) — 288KB
- us_offerletterxbrianvanw005.jpg (GRAPHIC) — 288KB
- us_offerletterxbrianvanw006.jpg (GRAPHIC) — 151KB
- us_offerletterxbrianvanw007.jpg (GRAPHIC) — 74KB
- us_offerletterxbrianvanw008.jpg (GRAPHIC) — 91KB
- us_offerletterxbrianvanw009.jpg (GRAPHIC) — 41KB
- us_offerletterxbrianvanw010.jpg (GRAPHIC) — 231KB
- us_offerletterxbrianvanw011.jpg (GRAPHIC) — 192KB
- veev-20240911_g1.jpg (GRAPHIC) — 17KB
- 0001393052-24-000065.txt ( ) — 2724KB
- veev-20240911.xsd (EX-101.SCH) — 2KB
- veev-20240911_lab.xml (EX-101.LAB) — 21KB
- veev-20240911_pre.xml (EX-101.PRE) — 12KB
- veev-20240911_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Brian Van Wagener Offer Letter, dated May 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Veeva Systems Inc. By: /s/ Josh Faddis Josh Faddis Senior Vice President, General Counsel Dated: September 16, 2024