Amendment: GoDaddy Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$GDDY
EDP Services
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Amendment No. 1
CURRENT REPORT
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Explanatory Note
As previously disclosed on a Form 8-K filed by GoDaddy Inc. (the “Company”) on November 6, 2024, the Company informed Nicholas Daddario, the Company’s former Chief Accounting Officer, that his role would be impacted as part of a restructuring of the Company’s accounting department. This Form 8-K/A hereby amends the original Form 8-K filed on November 8, 2024 to supplement the disclosure contained in Item 5.02 thereto and to file the exhibit included as Item 9.01 hereto. Except as provided herein, the disclosures in the Form 8-K filed on November 8, 2024 remain unchanged.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Mr. Daddario’s employment as Chief Accounting Officer concluded on November 6, 2024, though he will continue supporting the transition of his responsibilities through December 13, 2024. On November 14, 2024, the Company and Mr. Daddario entered into a separation agreement and release (the “Separation Agreement”), which became effective on November 22, 2024 following a seven (7) day revocation period.
Pursuant to the Separation Agreement, Mr. Daddario will (i) continue in employment on paid leave of absence from December 13, 2024 through March 7, 2025 (the “Leave Period”), during which time he will continue to receive (x) his base salary, (y) coverage under health and welfare benefit plans (through the end of March 2025), and (z) continued vesting of his outstanding equity awards, (ii) receive a lump sum separation payment of approximately $261,000, equivalent to 281 days of his current base salary, (iii) be eligible to receive his annual cash bonus for fiscal year 2024 earned, if any, under the Company’s annual performance-based cash incentive program, payable in accordance with its terms in the first quarter of 2025, (iv) receive payment of COBRA premium payments through December 31, 2025, and (v) receive up to six-months of outplacement services (together, items (i) - (v) the “Severance Benefits”).
In exchange for the Severance Benefits, Mr. Daddario agreed to release all claims against the Company arising out of or in any way connected with Mr. Daddario’s employment with the Company or his separation from employment, as outlined in the Separation Agreement.
The foregoing description of the Separation Agreement is not complete and is subject to and qualified in its entirety by reference to the Separation Agreement, a copy of which is filed with this Current Report on Form 8-K/A as Exhibit 10.1, and the terms of which are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Exhibit Description | ||||||||||
| 10.1 | |||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
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.
| GODADDY INC. | ||||||||
| Date: | November 22, 2024 | /s/ Mark McCaffrey | ||||||
| Mark McCaffrey | ||||||||
| Chief Financial Officer | ||||||||