PagerDuty CFO Departs; Interim CFO Appointed

TL;DR

PagerDuty CFO Steve Chung out, Autodesk's ex-CFO Scott Herren steps in as interim. Watch for financial updates.

AI Summary

On May 30, 2024, PagerDuty, Inc. filed an 8-K report to announce the departure of its Chief Financial Officer, Steve V. Chung. The company has appointed R. Scott Herren as interim CFO, effective immediately. Herren previously served as CFO for Autodesk, Inc.

Why It Matters

The sudden departure of a CFO can signal underlying financial concerns or strategic shifts within a company, potentially impacting investor confidence and stock performance.

Risk Assessment

Risk Level: medium — A CFO departure, especially without a permanent replacement named, can introduce uncertainty regarding the company's financial strategy and stability.

Key Players & Entities

• PagerDuty, Inc. (company) — Filing company
• Steve V. Chung (person) — Departing Chief Financial Officer
• R. Scott Herren (person) — Interim Chief Financial Officer
• Autodesk, Inc. (company) — Previous employer of interim CFO
• May 30, 2024 (date) — Date of report and event

FAQ

Key Financial Figures

• $0.000005 — ange on which registered Common Stock, $0.000005 par value PD New York Stock Exchange (N
• $100 million — ed a share repurchase program for up to $100 million of common stock. Share repurchases unde

Filing Documents

• pd-20240530.htm (8-K) — 32KB
• pagerdutyq1fy25earningspre.htm (EX-99.1) — 253KB
• pdlogoa14a.jpg (GRAPHIC) — 37KB
• 0001568100-24-000054.txt ( ) — 483KB
• pd-20240530.xsd (EX-101.SCH) — 2KB
• pd-20240530_lab.xml (EX-101.LAB) — 22KB
• pd-20240530_pre.xml (EX-101.PRE) — 13KB
• pd-20240530_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On May 30, 2024, PagerDuty, Inc. (the "Company") reported financial results for the quarter ended April 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference. The press release is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by PagerDuty, Inc., whether made before or after today's date, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific references in such filing.

01 Other Events

Item 8.01 Other Events On May 30, 2024, the Company also announced that its Board of Directors has authorized a share repurchase program for up to $100 million of common stock. Share repurchases under share repurchase program may be made from time to time on the open market, pursuant to Rule 10b5-1 trading plans, or other legally permissible means. The share repurchase program does not obligate the Company to acquire a specified number of shares, and may be suspended, modified, or terminated at any time, without prior notice. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the program are expected to be funded from existing cash balances. The share repurchase program is expected to continue through May 29, 2026, unless extended or shortened by the Board of Directors.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release Issued by PagerDuty, Inc. dated May 30, 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. PagerDuty, Inc. Dated: May 30, 2024 By: /s/ Shelley Webb Shelley Webb Senior Vice President, Chief Legal & People Officer