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
CURRENT REPORT
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The Securities Exchange Act of 1934
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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 November 6, 2024, GoDaddy Inc. (the “Company”) informed Nicholas Daddario, the Company’s Chief Accounting Officer, that his role would be impacted as part of a restructuring within the Company’s accounting department. 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 6, 2024, the Company appointed Phontip Palitwanon as the Company’s Chief Accounting Officer, and to serve as the Company’s principal accounting officer. Ms. Palitwanon (age 39) has been an employee of the Company for nine years. Prior to this appointment, she served as the Company’s Vice President, Finance and as Vice President, Corporate Controller.
In connection with her appointment, the Company entered into an employment letter with Ms. Palitwanon, dated November 6, 2024 (the “Employment Letter”), which provides for her employment and compensation terms, including an annual base salary of $350,000 and an opportunity to earn an annual incentive bonus of 50% of base salary and to receive annual focal equity awards of restricted stock units (“RSUs”) in accordance with the Company’s practices for making annual equity grants. Ms. Palitwanon will also receive a one-time equity award on the effective date of her new role, having an aggregate target grant date value of $500,000 comprised of RSUs, vesting over a three-year period. The summary of Ms. Palitwanon’s employment terms set forth above does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Letter, which is attached to this Current Report on Form 8-K as Exhibit 10.1.
Ms. Palitwanon will also execute the Company’s standard form of indemnification agreement, a copy of which has been filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on June 27, 2024, and the Company’s standard form of California Onboarding Agreement, a copy of which has been attached to this Current Report on Form 8-K as Exhibit 10.2.
There are no arrangements or understandings between Ms. Palitwanon and any other persons pursuant to which she was selected as an officer of the Company, and she is not related to any other executive officer or director of the Company. Ms. Palitwanon has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Exhibit Description | ||||||||||
| 10.1 | |||||||||||
| 10.2 | |||||||||||
| 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 8, 2024 | /s/ Mark McCaffrey | ||||||
| Mark McCaffrey | ||||||||
| Chief Financial Officer | ||||||||