Snowflake Inc. Reports Director/Officer Changes & Compensation Updates

Ticker: SNOW · Form: 8-K · Filed: 2025-03-06T00:00:00.000Z

Sentiment: neutral

Topics: leadership-change, compensation, governance

Related Tickers: SNOW

TL;DR

Snowflake board/exec shakeup, new pay deals announced.

AI Summary

Snowflake Inc. filed an 8-K on March 6, 2025, reporting changes effective March 4, 2025. The filing indicates a departure of directors or certain officers, the election of new directors, and the appointment of certain officers, along with updates to compensatory arrangements for these officers. Specific details regarding the individuals involved and the exact nature of the compensatory arrangements were not provided in this excerpt.

Why It Matters

Changes in a company's board of directors and executive officers, especially when coupled with compensation adjustments, can signal shifts in strategy or governance that may impact future performance.

Risk Assessment

Risk Level: medium — Changes in key leadership and compensation can introduce uncertainty and signal potential strategic shifts, which carry inherent risks.

Key Players & Entities

FAQ

What specific changes were made regarding directors and officers?

The filing indicates a departure of directors or certain officers, the election of directors, and the appointment of certain officers, but does not specify the names or exact roles affected in this excerpt.

What are the details of the compensatory arrangements mentioned?

The filing notes updates to compensatory arrangements for certain officers, but the specific details of these arrangements are not provided in this excerpt.

When were these changes effective?

The earliest event reported, which includes these changes, was effective March 4, 2025.

What is Snowflake Inc.'s state of incorporation?

Snowflake Inc. is incorporated in Delaware.

What is the principal executive office address for Snowflake Inc.?

The principal executive offices are located at Suite 3A, 106 East Babcock Street, Bozeman, Montana 59715.

From the Filing

0001640147-25-000027.txt : 20250306 0001640147-25-000027.hdr.sgml : 20250306 20250306085518 ACCESSION NUMBER: 0001640147-25-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250304 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250306 DATE AS OF CHANGE: 20250306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Snowflake Inc. CENTRAL INDEX KEY: 0001640147 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 460636374 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39504 FILM NUMBER: 25713741 BUSINESS ADDRESS: STREET 1: 106 EAST BABCOCK STREET STREET 2: SUITE 3A CITY: BOZEMAN STATE: MT ZIP: 59715 BUSINESS PHONE: 844-766-9355 MAIL ADDRESS: STREET 1: 106 EAST BABCOCK STREET STREET 2: SUITE 3A CITY: BOZEMAN STATE: MT ZIP: 59715 FORMER COMPANY: FORMER CONFORMED NAME: Snowflake Computing, Inc. DATE OF NAME CHANGE: 20150421 8-K 1 snow-20250304.htm 8-K snow-20250304 0001640147 false 0001640147 2025-03-04 2025-03-04 0001640147 dei:FormerAddressMember 2025-03-04 2025-03-04 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): March 4, 2025 SNOWFLAKE INC. (Exact name of registrant as specified in its charter) Delaware 001-39504 46-0636374 (State or other jurisdiction of incorporation or organization) (Commission File Number) (IRS Employer Identification No.) Suite 3A, 106 East Babcock Street 59715 Bozeman, Montana (Address of Principal Executive Offices) 1 (Zip Code) ( 844 ) 766-9355 (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 Class A Common Stock, $0.0001 par value SNOW The 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. ☐ 1 The Company is a Delaware corporation with a globally distributed workforce and no corporate headquarters. Under the Securities and Exchange Commission's rules, the Company is required to designate a “principal executive office.” For purposes of this report, it has designated its office in Bozeman, Montana as its principal executive office. Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 4, 2025, Christopher W. Degnan notified Snowflake Inc. (the “ Company &#822

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