Workday Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$WDAY
EDP Services
Technology
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): September 25, 2024
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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 September 25, 2024, Doug Robinson notified Workday, Inc. (“Workday” or the “Company”) that he will retire from his role as Co-President effective January 31, 2025 (the “Transition Date”). Thereafter, Mr. Robinson has agreed to continue to serve the Company as an Advisor through April 30, 2025, assisting in the transition of his duties and helping to support go-to-market and other strategic opportunities (the “Transition Period”). Through both the Transition Date and Transition Period (either of which may be extended by mutual agreement or earlier terminated by Mr. Robinson or Workday), Mr. Robinson will continue to receive his current cash compensation and his previously granted equity awards will continue to vest in accordance with their terms. Mr. Robinson is expected to enter into a consulting agreement with Workday pursuant to which he will continue to provide advisory services to Workday from the conclusion of the Transition Period through October 31, 2025, during which time his previously granted equity awards will continue to vest in accordance with their terms.
Mr. Robinson’s service and leadership have contributed greatly to Workday’s success over his 14-year tenure with the Company. A note to Workday’s employees from Workday’s Executive Chair and Chief Executive Officer thanking Mr. Robinson for his service is attached to this Current Report on Form 8-K and furnished as Exhibit 99.1 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing.
This Current Report on Form 8-K and the accompanying note to Workday’s employees contain forward-looking statements. These forward-looking statements are based only on currently available information and Workday’s current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of Workday’s control. If the risks materialize, assumptions prove incorrect, or Workday experiences unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in Workday’s filings with the Securities and Exchange Commission (“SEC”) including Workday’s most recent report on Form 10-Q or Form 10-K and other reports that Workday have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Description | |||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) | |||||||
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 1, 2024
| Workday, Inc. | |||||
/s/ Richard H. Sauer | |||||
Richard H. Sauer | |||||
Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary | |||||