Atlassian Corp. Announces Board and Compensation Changes

Ticker: TEAM · Form: 8-K · Filed: 2025-04-14T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

TL;DR

Atlassian's board is changing, with a director leaving and a new one joining. Executive pay plans are also being updated.

AI Summary

Atlassian Corp. announced on April 9, 2025, changes related to its board of directors and executive compensation. Specifically, the filing details the departure of a director, the election of a new director, and adjustments to compensatory arrangements for certain officers. The company is incorporated in Delaware and headquartered in San Francisco, California.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — The filing reports routine corporate governance changes and compensation adjustments, which are common and typically do not indicate significant operational risks.

Key Players & Entities

FAQ

Who is the departing director and who is the newly elected director?

The filing indicates a departure of a director and the election of a new director, but specific names are not provided in this excerpt.

What specific changes were made to the compensatory arrangements for certain officers?

The filing states that there were adjustments to compensatory arrangements for certain officers, but the details of these adjustments are not specified in this excerpt.

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

The earliest event reported is dated April 9, 2025.

What is Atlassian Corp.'s principal executive office address?

Atlassian Corp.'s principal executive office is located at 350 Bush Street, Floor 13, San Francisco, California 94104.

Under which section of the Securities Exchange Act of 1934 is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

From the Filing

0001650372-25-000013.txt : 20250414 0001650372-25-000013.hdr.sgml : 20250414 20250414084019 ACCESSION NUMBER: 0001650372-25-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250409 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250414 DATE AS OF CHANGE: 20250414 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Atlassian Corp CENTRAL INDEX KEY: 0001650372 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 883940934 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37651 FILM NUMBER: 25834296 BUSINESS ADDRESS: STREET 1: 350 BUSH STREET STREET 2: FLOOR 13 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: (415) 701-1110 MAIL ADDRESS: STREET 1: 350 BUSH STREET STREET 2: FLOOR 13 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FORMER COMPANY: FORMER CONFORMED NAME: Atlassian Corp Plc DATE OF NAME CHANGE: 20150807 8-K 1 team-20250409.htm 8-K team-20250409 0001650372 FALSE 0001650372 2025-04-09 2025-04-09 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): April 9, 2025 ATLASSIAN CORPORATION (Exact Name of Registrant as Specified in its Charter) _________________ Delaware 001-37651 88-3940934 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.) 350 Bush Street, Floor 13 San Francisco , California 94104 (Address of principal executive offices and Zip Code) ( 415 ) 701-1110 (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: ☐ 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 Name of each exchange on which registered Class A Common Stock, par value $0.00001 per share TEAM Nasdaq Global Select Market 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. ☐ Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On April 9, 2025, Enrique Salem notified Atlassian Corporation (the “ Company ”) of his decision to retire as a director of the Company, effective as of April 14, 2025. The Board of Directors of the Company (the “ Board ”) and the Company are deeply grateful for Mr. Salem’s dedication and contributions to the Company during his almost 12-year tenure as a director. On April 11, 2025, the Board approved the appointment of Karen Dykstra as a director of the Company, effective

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