Atlassian Corp. Files 8-K on Financials and Personnel Changes

Ticker: TEAM · Form: 8-K · Filed: 2024-04-25T00:00:00.000Z

Sentiment: neutral

Topics: financial-results, personnel-changes, corporate-governance

Related Tickers: TEAM

TL;DR

Atlassian dropped an 8-K: financials, exec changes, and new directors. Check it out.

AI Summary

Atlassian Corp. filed an 8-K on April 25, 2024, 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 details regarding compensatory arrangements for certain officers. Additionally, it included financial statements and exhibits.

Why It Matters

This filing provides crucial updates on Atlassian's financial performance and significant changes in its leadership structure, which can impact investor confidence and strategic direction.

Risk Assessment

Risk Level: medium — The filing covers financial results and personnel changes, which can introduce uncertainty and affect stock performance.

Key Players & Entities

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 departing directors or officers mentioned?

The filing states 'Departure of Directors or Certain Officers' but does not name the individuals in the provided text.

Are there any new directors or officers appointed?

Yes, the filing mentions 'Election of Directors' and 'Appointment of Certain Officers'.

What is the primary business address of Atlassian Corp.?

The primary business address is 350 Bush Street, Floor 13, San Francisco, California 94104.

What is the SEC file number for Atlassian Corp.?

The SEC file number is 001-37651.

Filing Stats: 735 words · 3 min read · ~2 pages · Grade level 10.2 · Accepted 2024-04-25 16:05:44

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On April 25, 2024, Atlassian Corporation (the " Company ") issued a press release announcing its results for the quarter ended March 31, 2024 (the " Press Release "). A copy of the Press Release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The Company also published a letter to its shareholders announcing its financial results for the quarter ended March 31, 2024 (the " Shareholder Letter "). The full text of the Shareholder Letter is attached as Exhibit 99.2 to this current report on Form 8-K and is incorporated by reference herein. The information in this Item 2.02, including Exhibit 99.1 and Exhibit 99.2, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company 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 April 25, 2024, Scott Farquhar, the Company's Co-Founder, Co-Chief Executive Officer and director, announced that he will step down from his role as Co-Chief Executive Officer, effective as of August 31, 2024. At that time, Mike Cannon-Brookes, the Company's Co-Founder, Co-Chief Executive Officer and director will continue as the Company's Chief Executive Officer. Mr. Farquhar is expected to remain as a special advisor to the Company and serving as a member of its board of directors. An update to Atlassian's employees from Scott Farquhar regarding this announcement is attached to this Current Report on Form 8-K as Exhibit 99.3 and is incorp

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated April 25 , 2024. 99.2 Shareholder Letter dated April 25 , 2024 . 99.3 Founder Update 142: The journey of a lifetime, dated April 25, 2024. 104 Cover Page Interactive Data File (formatted as Inline XBRL).

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. ATLASSIAN CORPORATION Date: April 25, 2024 By: /s/ Joseph Binz Joseph Binz Chief Financial Officer

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