Extreme Networks Inc. filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 5, 2026, Extreme Networks, Inc. (“Extreme”) appointed Ron Pasek to its Board of Directors (the “Board”), effective immediately.
In connection with his service as a director, Mr. Pasek will receive Extreme’s standard non-employee director cash and equity compensation. Mr. Pasek will receive a pro rata portion of the $110,000 annual retainer for his service. If appointed to serve on any committees of the Board, he also would receive a pro-rata portion of annual fees of $12,500, $10,000 or $5,000 for serving on the Audit, Compensation, or Nominating and Corporate Governance committees, respectively. Upon his appointment, pursuant to the Board’s equity grant policy for non-employee directors, Mr. Pasek received a non-employee director restricted stock unit award under the 2013 Equity Incentive Plan for 11,075 shares, which is a pro-rata portion of the grant received by Extreme’s other directors on November 12, 2025. The shares subject to this restricted stock unit award will vest on the earlier of the date of the next annual meeting of the stockholders or November 12, 2026 and vest immediately in full upon certain changes in control or ownership of Extreme.
There are no arrangements or understandings between Mr. Pasek, on the one hand, and any other persons, on the other hand, pursuant to which Mr. Pasek was selected as a director of Extreme. Mr. Pasek is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with his appointment, Mr. Pasek entered into Extreme’s standard form of director Indemnification Agreement. Pursuant to this agreement, subject to the exceptions and limitations provided therein, Extreme has agreed to indemnify Mr. Pasek to the fullest extent authorized by Extreme’s amended and restated certificate of incorporation, as amended, and amended and restated bylaws, and against any and all costs, losses, claims, damages, fees, expenses and liabilities, judgments, fines, penalties and amounts paid in settlement actually and reasonably incurred or arising out of his services as director.
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.
Date: January 7, 2026
EXTREME NETWORKS, INC. |
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By: |
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/s/ KATAYOUN ("KATY") MOTIEY |
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Katayoun ("Katy") Motiey |
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EVP, Chief Legal, Administrative & Sustainability Officer, General Counsel and Corporate Secretary |