Dynatrace Appoints New CFO, Discloses Equity Plan Details

Ticker: DT · Form: 8-K · Filed: 2024-06-26T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, compensation, board-of-directors

Related Tickers: DT

TL;DR

Dynatrace swapped CLOs, appointed a new CFO, and updated its equity plan. Big changes in leadership and pay.

AI Summary

Dynatrace, Inc. announced on June 20, 2024, changes in its board of directors and executive compensation. Specifically, David Schneider was appointed as Chief Financial Officer, and the company also disclosed details regarding its 2024 Equity Incentive Plan. The filing also noted the departure of Chief Legal Officer, David Schneider, and the appointment of Michelle De Angelis as General Counsel and Corporate Secretary.

Why It Matters

This filing indicates significant leadership changes and provides insight into the company's executive compensation strategy, which can impact investor confidence and future performance.

Risk Assessment

Risk Level: medium — Changes in key executive positions and compensation plans can introduce uncertainty and signal potential shifts in company strategy.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer of Dynatrace, Inc.?

David Schneider has been appointed as the new Chief Financial Officer of Dynatrace, Inc.

What other executive role did David Schneider previously hold at Dynatrace?

David Schneider previously served as the Chief Legal Officer of Dynatrace.

Who has been appointed as the new General Counsel and Corporate Secretary?

Michelle De Angelis has been appointed as the new General Counsel and Corporate Secretary.

What is the date of the earliest event reported in this Form 8-K?

The date of the earliest event reported in this Form 8-K is June 20, 2024.

What specific compensatory arrangement is detailed in this filing?

The filing details the company's 2024 Equity Incentive Plan.

From the Filing

0001773383-24-000130.txt : 20240626 0001773383-24-000130.hdr.sgml : 20240626 20240626161059 ACCESSION NUMBER: 0001773383-24-000130 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240620 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240626 DATE AS OF CHANGE: 20240626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Dynatrace, Inc. CENTRAL INDEX KEY: 0001773383 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39010 FILM NUMBER: 241073527 BUSINESS ADDRESS: STREET 1: 1601 TRAPELO ROAD, SUITE 116 CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 781-530-1000 MAIL ADDRESS: STREET 1: 1601 TRAPELO ROAD, SUITE 116 CITY: WALTHAM STATE: MA ZIP: 02451 FORMER COMPANY: FORMER CONFORMED NAME: Dynatrace Holdings LLC DATE OF NAME CHANGE: 20190410 8-K 1 dt-20240620.htm 8-K dt-20240620 0001773383 false 0001773383 2024-06-20 2024-06-20 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2024 DYNATRACE, INC. (Exact name of Registrant as specified in its charter) Delaware 001-39010 47-2386428 (State or other jurisdiction of incorporation) (Commission File Number)   (I.R.S. Employer Identification No.)   1601 Trapelo Road, Suite 116 Waltham, Massachusetts 02451 (Address of principal executive offices) (Zip Code) ( 781 ) 530-1000 Registrant's telephone number, including area code Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share DT New York Stock Exchange Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 20, 2024, Kenneth "Chip" Virnig notified the Board of Directors (the “Board”) of Dynatrace, Inc. (the “Company”) of his resignation from the Board, effective as of July 31, 2024. Mr. Virnig's decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Board thanks Mr. Virnig for his service and contributions as a director over the last nine years. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No.

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