Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) Appointment of Director
On and effective as ofSeptember 1, 2021 , the Board of Directors (the "Board") ofZscaler, Inc. (the "Company") approved the expansion of the size of the Board from seven to eight and appointedEileen Naughton as a Class I director of the Company, with a term expiring at the Company's annual meeting of stockholders for fiscal year 2021.Ms. Naughton was not appointed to any committees of the Board. There is no arrangement or understanding betweenMs. Naughton and any other persons pursuant to whichMs. Naughton was selected as a director. Other than the indemnification agreement described in the following paragraph,Ms. Naughton does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Naughton will receive the standard compensation and equity awards provided to the Company's non-employee directors and committee members for their service pursuant to the Company's Outside Director Compensation Policy. In addition,Ms. Naughton will enter into the Company's standard form of director indemnification agreement, which was filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1 filed with theSEC onFebruary 16, 2018 .
A copy of the Company's press release announcing
The information in Exhibit 99.1 attached to this Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.
(e) Fiscal Year 2022 Cash Compensation
OnSeptember 1, 2021 , the Compensation Committee of the Board approved terms of cash compensation for the Company's fiscal year endingJuly 31, 2022 ("Fiscal 22") for the Company's named executive officers identified below in the amounts reflected below: Name and Title Base Salary Target Bonus Remo Canessa, Chief Financial Officer$400,000 $300,000 Amit Sinha, President of R&D, Operations and Customer$400,000 $300,000 Service, CTO Dali Rajic, President Go-to-Market and CRO$415,000 $415,000 Robert Schlossman, Chief Legal Officer and Secretary$325,000 $225,000
All changes were effective
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 99.1 Press Release datedSeptember 7, 2021 .
--------------------------------------------------------------------------------
© Edgar Online, source