Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 13, 2021, the board of directors of Cornerstone OnDemand, Inc.
appointed Chirag Shah as Chief Financial Officer and principal financial
officer, effective February 1, 2021. Mr. Shah succeeds Trish Coughlin, who
stepped down as interim Chief Financial Officer upon the effectiveness of
Mr. Shah's appointment. Ms. Coughlin will resume the usual scope of her duties
as Chief Accounting Officer and principal accounting officer.
Chirag Shah, age 36, has been with Cornerstone since July 2009, serving in
finance and corporate strategy roles of increasing responsibility, and most
recently as Cornerstone's Senior Vice President and General Manager of Growth
Markets. Prior to joining Cornerstone, Mr. Shah worked as an investment banker
in mergers and acquisitions for Houlihan Lokey from July 2006 to June 2009.
Mr. Shah holds a B.S. in Finance from Georgetown University and an M.B.A from
the Kellogg School of Management at Northwestern University.
There are no arrangements or understandings between Mr. Shah and any other
persons pursuant to which he was selected as Chief Financial Officer. There are
also no family relationships between Mr. Shah and any director or executive
officer of Cornerstone, and he has no direct or indirect material interest in
any transaction required to be disclosed pursuant to Item 404(a) of Regulation
S-K.
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