Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On and effectiveFebruary 23, 2023 , the Board of Directors (the "Board") ofWorkday, Inc. ("Workday") appointedMark J. Hawkins as a Class II director, the class of directors that will next stand for election at Workday's 2023 Annual Meeting of Stockholders.Mr. Hawkins served as President and CFO Emeritus of Salesforce.com, Inc., a software company, fromFebruary 2021 toNovember 2021 , President and Chief Financial Officer fromAugust 2017 toFebruary 2021 , and the Executive Vice President and Chief Financial Officer fromAugust 2014 to 2017. Prior to that, he served as Chief Financial Officer and Executive Vice President of Autodesk, Inc., a design software and services company, Chief Financial Officer and Senior Vice President of Finance & IT at Logitech International S.A., a global hardware company, and held various positions atDell and Hewlett-Packard.Mr. Hawkins has served as a director of SecureWorks Inc. sinceApril 2016 , Toast, Inc. sinceApril 2020 , and Cloudflare, Inc. sinceJune 2022 . He currently serves as a director of various privately held companies.Mr. Hawkins received a bachelor's degree fromMichigan State University and a master's degree in business administration from theUniversity of Colorado . He brings to our Board extensive experience as an officer and director of publicly traded software and technology companies and financial expertise in the technology industry. In connection with his election to the Board,Mr. Hawkins will receive a one-time grant of restricted stock units in the amount of$750,000 , one-fourth of which will vest onMarch 5, 2024 , and the balance of which will vest in equal quarterly installments over the following twelve quarters, assuming continuous service through the applicable vesting dates. Workday has entered into its standard form of indemnification agreement withMr. Hawkins .Mr. Hawkins has not yet been named to serve on any committee of the Board, and there are no arrangements or understandings betweenMr. Hawkins and any other persons pursuant to which he was elected as a director. The Board has determined thatMr. Hawkins is independent in accordance with the applicable rules of theNasdaq Stock Market . There are no transactions betweenMr. Hawkins and Workday that would require disclosure under Item 404(a) of Regulation S-K. OnFebruary 23, 2023 ,Robynne Sisco notified Workday of her intention to step down from her position as Co-President of Workday, effective immediately. On the same day, the Board appointedSayan Chakraborty as Co-President, effective immediately, to serve alongsideDoug Robinson as Co-President.Ms. Sisco will assume the role of Vice Chair, dedicating her focus to supporting Workday's global sales team for the office of the CFO.Mr. Chakraborty , 55, joined Workday in 2015 through its acquisition ofGridCraft, Inc. and has served as Executive Vice President, Product and Technology sinceOctober 2021 . Since joining Workday,Mr. Chakraborty has served in a variety of leadership roles within our technology and product organization, including Executive Vice President, Technology fromDecember 2019 toOctober 2021 , Senior Vice President of Technology fromNovember 2017 toDecember 2019 , and Vice President, Software Development fromMay 2015 toNovember 2017 . Prior to joining Workday, he co-foundedGridcraft, Inc. , a data analysis company, in 2013 and served as its Chief Operating Officer until its acquisition by Workday.Mr. Chakraborty received a bachelor's degree and master's degree in aerospace engineering from theMassachusetts Institute of Technology .Mr. Chakraborty has no family relationship with any director or executive officer of Workday andMr. Chakraborty has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Workday has entered into its standard form of indemnification agreement withMr. Chakraborty . A copy of the press release announcingMr. Hawkins' andMr. Chakraborty's respective appointments is attached hereto as Exhibit 99.1. The information in the press release attached hereto 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 deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits Exhibit Number Description 99.1 Press release datedFebruary 27, 2023 104 Cover Page Interactive Data File (the cover page
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