ADSK 8-K Current Reports
Autodesk, Inc. - 280 current reports
Autodesk, Inc. 8-K Report, Corporate Update (Aug 3, 2026)
Autodesk, Inc. (ADSK) announced the successful completion of its previously disclosed acquisition of MaintainX Inc. on August 3, 2026. This strategic move, formalized by an Agreement and Plan of Merger dated May 28, 2026, signifies Autodesk's intent to expand its product portfolio and market reach within the software industry. While specific financial terms of the acquisition were not detailed in this 8-K filing, the closing of this deal is a significant event that investors should monitor for future integration and synergy realization. The acquisition of MaintainX, a company in a complementary sector, is expected to bolster Autodesk's offerings and potentially drive future revenue growth. Investors will be looking for subsequent filings and management commentary to understand the financial impact, including any potential impact on earnings per share, and the strategic rationale behind this integration. The filing confirms the completion of the transaction, which was a key development anticipated by the market.
Autodesk, Inc. 8-K Report, Corporate Update (Jul 13, 2026)
Autodesk, Inc. has announced the establishment of an unsecured commercial paper program with a maximum aggregate principal amount of $2.0 billion. This program allows the company to issue short-term debt notes with maturities up to 365 days to fund general corporate purposes, including partially financing the previously announced merger with Matterhorn Acquisition Corp. The commercial paper program is backed by the company's existing $2.0 billion unsecured revolving credit facility, providing a layer of financial flexibility. While no notes have been issued yet, this initiative suggests Autodesk is proactively managing its liquidity and financing strategy to support its growth initiatives and strategic acquisitions. Investors should monitor the company's utilization of this program and its impact on its debt structure and cash flow.
Autodesk, Inc. 8-K Report, Bylaw Amendment (Jun 18, 2026)
Autodesk, Inc. (ADSK) filed an 8-K on June 18, 2026, detailing key outcomes from its Annual Meeting of Stockholders held on June 17, 2026. The primary events include the approval of an amendment to the Certificate of Incorporation to implement officer exculpation, a measure permitted by Delaware law designed to protect corporate officers from certain liabilities. Additionally, the filing confirms the election of eleven individuals to the Board of Directors, with all nominees receiving substantial support from shareholders. The ratification of Ernst & Young LLP as the independent auditor and the advisory approval of executive compensation were also approved. Investors should note the overwhelming support for the director nominees, indicating confidence in the current leadership. The implementation of officer exculpation, while largely a procedural governance enhancement aligned with Delaware statutes, is presented as a measure approved by stockholders and described in detail in the company's proxy statement. The rejection of a specific stockholder proposal regarding amendment to special meeting rights suggests that the majority of voting power favored the current corporate governance framework.
Autodesk, Inc. 8-K Report, Material Agreement (Jun 15, 2026)
Autodesk, Inc. (ADSK) has filed an 8-K report on June 15, 2026, detailing significant updates to its credit facilities aimed at supporting its upcoming merger with MaintainX Inc. The company amended its existing revolving credit agreement, increasing the facility size from $1.5 billion to $2 billion. This amendment also introduces more favorable borrowing conditions specifically for funds used to close the MaintainX acquisition, enhancing funding certainty. Furthermore, Autodesk has entered into a new $1.0 billion, 364-day delayed draw term loan facility, also provided by Citibank. This term loan is exclusively for funding the MaintainX acquisition and will mature 364 days after the closing date. The report highlights the terms, interest rates (Base Rate or SOFR-based), and ticking fees associated with this new facility. These financing enhancements underscore Autodesk's commitment to the MaintainX acquisition and provide substantial liquidity to ensure its successful completion.
Autodesk, Inc. 8-K Report, Financial Results (May 28, 2026)
Autodesk, Inc. (ADSK) has filed an 8-K report on May 28, 2026, to announce its financial results for the first fiscal quarter ended April 30, 2026. The core of this filing is the furnished press release (Exhibit 99.1) which contains the company's performance data for the period. Investors should refer to this press release for detailed operational and financial condition insights. Additionally, the company highlighted its use of its investor relations website (investors.autodesk.com) for disclosing material non-public information and complying with Regulation FD, urging investors to monitor this channel for ongoing updates. While the 8-K itself doesn't contain specific financial figures, it serves as the official notification of the earnings release. The press release incorporated by reference is the primary source for understanding Autodesk's performance, including revenue, profitability, and any forward-looking guidance. Investors are advised to review Exhibit 99.1 to fully assess the company's financial health and strategic direction for the first quarter of fiscal year 2026.
Autodesk, Inc. 8-K Report, Material Agreement (May 28, 2026)
Autodesk, Inc. (ADSK) announced on May 28, 2026, a material definitive agreement to acquire MaintainX Inc. for approximately $3.575 billion in cash and stock, subject to customary adjustments. This strategic acquisition is expected to enhance Autodesk's offerings, though specific details of MaintainX's business and the expected synergies are not elaborated upon in this 8-K filing. The transaction is structured as a merger of a wholly-owned subsidiary of Autodesk with and into MaintainX. Autodesk intends to finance this significant acquisition through a combination of existing cash on hand and new debt financing, including a 364-day term loan facility and potential increases to its revolving credit facility. The company may also explore refinancing options. The deal is subject to customary closing conditions, including antitrust approvals, with an expected closing date no earlier than August 3, 2026, and a long-stop date of November 28, 2026, with potential regulatory extensions. Investors should review the full Merger Agreement for detailed terms and conditions.
Autodesk, Inc. 8-K Report, Executive Changes (Apr 24, 2026)
Autodesk, Inc. (ADSK) filed an 8-K on April 24, 2026, primarily announcing the upcoming retirement of a long-standing Board member, Stephen Milligan. Mr. Milligan has informed the Board of his intention not to seek re-election at the upcoming 2026 Annual Meeting of Stockholders. This transition marks a change in the Board's composition and governance structure. In conjunction with this announcement, Autodesk has nominated Omar Abbosh to join the Board of Directors at the Annual Meeting. Investors should view this as a routine leadership transition. The filing also includes the press release detailing these changes and confirming the attached exhibits. No immediate financial impacts or operational shifts are indicated by this specific 8-K filing.
Autodesk, Inc. 8-K Report, Financial Results (Feb 26, 2026)
Autodesk, Inc. (ADSK) filed an 8-K on February 26, 2026, announcing its financial results for the fourth quarter and full fiscal year ended January 31, 2026. The filing primarily incorporates by reference the earnings press release (Exhibit 99.1), which provides detailed financial performance metrics and discusses the company's use of both GAAP and non-GAAP financial measures. Investors should note that the press release is furnished and not deemed "filed" for purposes of certain securities laws, meaning it may not be automatically incorporated into future filings unless specifically referenced. The company emphasizes key performance indicators such as billings, recurring revenue, net revenue retention rate (NR3), and subscriptions as crucial for understanding the long-term health of its recurring revenue business. Additionally, Autodesk provides an overview of its non-GAAP financial measures, explaining their exclusion of items like stock-based compensation, amortization of intangibles, restructuring costs, lease-related charges, acquisition costs, and gains/losses on strategic investments. These non-GAAP measures are presented to offer greater transparency and allow for more meaningful comparisons with peers and historical performance, aligning with how management evaluates the business.
Autodesk, Inc. 8-K Report, Exit or Disposal Costs (Jan 22, 2026)
Autodesk, Inc. has announced a significant restructuring plan, marking the final phase of its sales and marketing optimization. This plan involves a workforce reduction of approximately 7%, impacting about 1,000 employees, with a notable focus on customer-facing sales roles. The company expects to incur pre-tax restructuring charges between $135 million and $160 million, primarily for employee termination benefits, with the majority of these costs to be cash expenditures in fiscal year 2027. A portion of these charges, estimated between $90 million and $110 million, will be recognized in the fourth quarter of fiscal year 2026, with the remainder spread across fiscal year 2027. This restructuring is intended to drive further efficiencies and reallocate resources towards Autodesk's strategic priorities. In parallel, Autodesk anticipates its fourth quarter fiscal year 2026 financial performance, including billings, revenue, and non-GAAP earnings per share, to exceed previous guidance. The company explicitly states its intention to exclude the restructuring charges from its non-GAAP financial measures, providing investors with a clearer view of ongoing operational performance. The Plan's completion is projected by the end of fiscal year 2027, subject to regulatory and consultation requirements.
Autodesk, Inc. 8-K Report, Financial Results (Nov 25, 2025)
Autodesk, Inc. (ADSK) has filed an 8-K report on November 25, 2025, announcing its financial results for the third fiscal quarter ended October 31, 2025. The report primarily includes a press release detailing these results and providing insights into the company's performance metrics and financial reporting methodologies. Autodesk emphasizes its use of key performance indicators such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor business strength and long-term health, alongside traditional GAAP measures. The company also elaborates on its use of non-GAAP financial measures, including non-GAAP net earnings and diluted earnings per share. These measures are presented to offer a clearer view of core business operations by excluding items like stock-based compensation, amortization of intangibles, restructuring costs, acquisition-related expenses, and gains/losses on strategic investments. Autodesk highlights that these non-GAAP figures are intended to supplement, not replace, GAAP reporting and are used internally for decision-making and by institutional investors for analysis. Investors are encouraged to review the reconciliations between GAAP and non-GAAP measures provided in the accompanying press release.
Autodesk, Inc. 8-K Report, Financial Results (Aug 28, 2025)
Autodesk, Inc. (ADSK) has filed an 8-K report on August 28, 2025, to furnish a press release detailing its financial results for the second fiscal quarter ended July 31, 2025. The filing emphasizes key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3), which the company utilizes to assess the health and long-term trajectory of its subscription-based business model. These metrics are presented as supplementary to GAAP financial measures and are intended to offer a clearer view of operational performance. The report also highlights the use of non-GAAP financial measures, including non-GAAP net earnings and diluted earnings per share. Autodesk explains that these measures exclude items like stock-based compensation, amortization of intangibles, restructuring costs, acquisition-related expenses, and gains/losses on strategic investments, as well as certain tax adjustments. The company believes these non-GAAP figures provide valuable insights for investors by reflecting the core business's earning potential and facilitating comparisons across periods and with peers, while acknowledging the importance of reviewing GAAP figures and the provided reconciliations for a complete financial picture.
Autodesk, Inc. 8-K Report, Regulation FD Disclosure (Jul 14, 2025)
Autodesk, Inc. (ADSK) filed an 8-K on July 14, 2025, providing a business update focused on the company's strategic priorities and confidence in driving long-term shareholder value. The update reiterates a commitment to executing plans centered around cloud, platform, and artificial intelligence (AI) advancements. Autodesk also highlighted its ongoing efforts to optimize sales and marketing operations to enhance profit margins, alongside a disciplined capital allocation strategy. This includes prioritizing organic investments, pursuing strategic tuck-in acquisitions, and continuing its share repurchase program as free cash flow growth permits. While the filing does not introduce specific new financial figures, it serves to reinforce management's strategic direction and optimism. Investors should note that the company explicitly states this information is for disclosure purposes and not deemed 'filed' under Section 18 of the Exchange Act, meaning it carries no direct liability under that specific section. The filing also includes a comprehensive safe harbor statement detailing numerous risks and uncertainties that could impact future results, ranging from product adoption and global economic conditions to geopolitical tensions and technological changes, including those related to AI and its new transaction model.
Autodesk, Inc. 8-K Report, Executive Changes (Jun 20, 2025)
Autodesk, Inc. (ADSK) filed an 8-K on June 19, 2025, detailing key updates from its Annual Meeting of Stockholders held on June 18, 2025. The most significant disclosures include the formal appointment of Jeff Epstein and A. Christine Simons to the Audit Committee of the Board of Directors, both of whom have been designated as "audit committee financial experts." This strengthens the oversight capabilities of the Audit Committee, a crucial function for investor confidence. Furthermore, Autodesk's stockholders overwhelmingly approved the amendment and restatement of the 2022 Equity Incentive Plan. This plan is a critical component of the company's executive and employee compensation strategy, influencing talent retention and long-term performance. Investors should note that the details of this amended plan were previously outlined in the company's proxy statement filed on May 6, 2025. The filing also confirms the election of ten directors to the Board, all of whom received substantial shareholder support.
Autodesk, Inc. 8-K Report, Material Agreement (Jun 6, 2025)
Autodesk, Inc. (ADSK) announced on June 5, 2025, the successful completion of a public offering and sale of $500 million in aggregate principal amount of 5.300% Notes due 2035. The net proceeds from this offering are intended for general corporate purposes, which may include the repayment of existing indebtedness. This debt issuance is structured under an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., and J.P. Morgan Securities LLC, acting as representatives for the underwriters. The issuance of these notes, governed by an indenture, introduces specific terms related to interest payments, potential repurchase obligations upon a change in control coupled with a credit rating downgrade, and redemption options for Autodesk. The indenture also includes customary covenants that place certain restrictions on Autodesk and its subsidiaries regarding the incurrence of liens, sale and lease-back transactions, and significant asset dispositions. Investors should note the defined events of default, which could lead to accelerated repayment of the principal amount.
Autodesk, Inc. 8-K Report, Financial Results (May 22, 2025)
Autodesk, Inc. (ADSK) filed an 8-K on May 22, 2025, to report its first fiscal quarter ended April 30, 2025, results. The filing primarily consists of a press release containing financial results and supplemental information regarding key performance metrics and non-GAAP financial measures. Investors should note the departure of Senior Vice President and Chief Accounting Officer Stephen W. Hope, with CFO Janesh Moorjani assuming the principal accounting officer role temporarily. The company also highlighted its use of metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) for internal monitoring and investor clarity on business health.
Autodesk, Inc. 8-K Report, Material Agreement (May 8, 2025)
Autodesk, Inc. (ADSK) has filed an 8-K report detailing the entry into a new $1.5 billion unsecured revolving credit facility, effective May 8, 2025. This new facility replaces their previous credit agreement and provides a significant source of liquidity for general corporate purposes and working capital. The agreement allows for potential increases up to $2.0 billion, demonstrating financial flexibility. The credit facility has a termination date of May 8, 2030, with options for extension, and its terms include interest rates based on the Base Rate or Term SOFR plus a margin, and quarterly facility fees. This move signals Autodesk's proactive approach to managing its liquidity and capital structure.
Autodesk, Inc. 8-K Report, Material Agreement (Apr 24, 2025)
Autodesk, Inc. (ADSK) has entered into a cooperation agreement with Starboard Value and Opportunity Master Fund Ltd, a significant shareholder. This agreement, dated April 23, 2025, resolves recent activist investor engagement and aims to bring stability to the board composition. Key terms include the immediate appointment of two new directors, Jeff Epstein and Anna Christine Simons, to the board, effective after the 2025 Annual Meeting on June 18, 2025. Starboard has agreed to withdraw its director nominations and support the company's slate of nominees and board recommendations for the upcoming annual meeting. The agreement also includes customary standstill provisions for Starboard and expense reimbursement for the activist investor.
Autodesk, Inc. 8-K Report, Executive Changes (Apr 2, 2025)
Autodesk, Inc. (ADSK) filed an 8-K on April 2, 2025, to announce a change in its Board of Directors. Specifically, Elizabeth “Betsy” Rafael has informed the Board of her intention not to stand for re-election at the upcoming 2025 Annual Meeting of Stockholders. This filing is primarily informational, detailing Ms. Rafael's decision to retire from the Board. While this is a change in governance, the filing does not indicate any immediate financial impact or operational disruption. Investors should note this transition as part of the regular board refreshment process and monitor future filings for any related appointments or strategic shifts stemming from this board change.
Autodesk, Inc. 8-K Report, Financial Results (Feb 27, 2025)
Autodesk, Inc. (ADSK) filed an 8-K on February 27, 2025, announcing a significant restructuring plan (the "2026 Plan") effective immediately. This plan involves a reduction of approximately 9% of its global workforce, impacting around 1,350 employees. The company expects to incur pre-tax restructuring charges ranging from $135 million to $150 million, with a substantial portion being cash expenditures. The restructuring is slated for completion by the end of fiscal year 2026 and is aimed at optimizing the go-to-market organization while reallocating resources towards strategic priorities such as cloud, platform, and artificial intelligence investments. In addition to the restructuring, the filing also notes the retirement of a director, Mary T. McDowell, who will not stand for re-election at the upcoming annual meeting. Autodesk also reiterated its use of non-GAAP financial measures and key performance indicators like billings and recurring revenue to provide investors with a clearer view of the company's long-term business health, emphasizing that these metrics should be considered alongside GAAP results and are not replacements for them.
Autodesk, Inc. 8-K Report, Executive Changes (Jan 21, 2025)
Autodesk, Inc. (ADSK) filed an 8-K on January 20, 2025, primarily announcing two key updates. Firstly, John T. Cahill, who was previously appointed to the Board of Directors in December 2024, has now been appointed to the Audit Committee, effective January 18, 2025. The Board has also determined that Mr. Cahill qualifies as an "audit committee financial expert," which is a positive indication of enhanced financial oversight and governance expertise on the committee responsible for financial reporting and internal controls. Secondly, the company has set the date for its 2025 Annual Meeting of Stockholders for June 18, 2025. This date's proximity to prior year anniversaries has necessitated adjustments to the deadlines for stockholders wishing to submit proposals or nominate directors. Investors should note the revised submission windows for proxy access director nominees and other business items, with specific dates provided for proposals intended for inclusion in the proxy materials and those for other business or non-proxy access nominations.
Autodesk, Inc. 8-K Report, Executive Changes (Dec 18, 2024)
Autodesk, Inc. (ADSK) has announced significant changes to its Board of Directors. The company has expanded its Board by two members, appointing John T. Cahill and Ram Krishnan. These appointments are effective immediately and are intended to fill newly created vacancies. Both Mr. Cahill and Mr. Krishnan are being compensated as non-employee directors according to the company's standard policy, including Restricted Stock Unit awards. Furthermore, the filing notes the upcoming retirement of Director Lorrie Norrington, who will not seek re-election at the 2025 Annual Meeting of Stockholders. In a separate development, Elizabeth Rafael will transition from her current role to an Advisor position, assisting with the Chief Financial Officer's onboarding process through April 30, 2025. Ms. Rafael will continue to serve on the Board during this period. These changes suggest a strategic refreshment of the Board and a planned transition in key personnel.
Autodesk, Inc. 8-K Report, Financial Results (Nov 26, 2024)
Autodesk, Inc. (ADSK) has filed an 8-K report detailing financial results for the third fiscal quarter ended October 31, 2024, and announcing a new Chief Financial Officer. The report emphasizes the company's use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to provide insight into the health of its recurring business, which are presented alongside GAAP results. Autodesk also clarifies its use of non-GAAP financial measures, outlining specific exclusions like stock-based compensation, amortization of intangibles, CEO transition costs, and other one-time charges to offer a view of core business operations. In addition to financial reporting, the filing announces the appointment of Janesh Moorjani as the new Chief Financial Officer, effective December 16, 2024. Mr. Moorjani, formerly CFO and COO of Elastic NV, brings significant financial and operational experience from previous roles at major tech companies. His compensation package includes a base salary, incentive plan eligibility, a substantial one-time bonus, and significant equity grants in restricted and performance stock units, reflecting the company's investment in experienced leadership. The company also highlighted that supplemental investor materials are available on its investor relations website.
Autodesk, Inc. 8-K Report, Financial Results (Aug 29, 2024)
Autodesk, Inc. (ADSK) filed an 8-K on August 29, 2024, to report its financial results for the second fiscal quarter ended July 31, 2024. The filing primarily serves as a notification that the company issued a press release containing these results. While the 8-K itself does not contain detailed financial figures, it incorporates the press release by reference, which is where investors will find the specific operational and financial performance data. The company emphasizes its use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor business strength and long-term health. Additionally, Autodesk utilizes non-GAAP financial measures, excluding items like stock-based compensation, amortization, CEO transition costs, and acquisition-related expenses, to provide a clearer view of core business operations and comparability across periods and with peers. Investors are encouraged to review these non-GAAP measures alongside GAAP financials and a reconciliation provided in the press release.
Autodesk, Inc. 8-K Report, Bylaw Amendment (Jul 18, 2024)
Autodesk, Inc. (ADSK) filed an 8-K on July 17, 2024, detailing key corporate governance updates following its Annual Meeting of Stockholders held on July 16, 2024. The most significant development is the approval and filing of an Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws. These changes, effective July 16, 2024, permit stockholders holding 25% or more of the company's voting power to call special meetings, a notable shift in corporate governance that enhances shareholder rights. Additionally, the filing reports the election of eleven individuals to the Board of Directors, all of whom were approved by a substantial majority of votes. The company also secured stockholder approval for the ratification of Ernst & Young LLP as its independent registered public accounting firm for fiscal year 2025 and for the non-binding advisory vote on executive compensation. The outcome of the stockholder proposal to enable shareholders holding 15% of common stock to call special meetings was also disclosed, indicating a majority voted against it. These events reflect the company's ongoing efforts to align its governance structures with shareholder interests.
Autodesk, Inc. 8-K Report, Financial Results (Jun 11, 2024)
Autodesk, Inc. (ADSK) has filed an 8-K report on June 11, 2024, to furnish its earnings press release for the first fiscal quarter ended April 30, 2024. The filing primarily serves to inform investors about the company's financial results and key performance metrics. Autodesk highlights the use of metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) to provide insight into the strength and long-term health of its recurring business model. These metrics are presented alongside GAAP financials and are intended to offer a more comprehensive view for investors. The report also elaborates on Autodesk's use of non-GAAP financial measures, explaining the rationale behind excluding certain items like stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition costs, and gains/losses on strategic investments. The company emphasizes that these non-GAAP measures are used internally for operational decision-making and are provided to offer greater transparency to investors, enabling better comparison across periods and with industry peers. Investors are urged to review the full reconciliation of GAAP to non-GAAP measures provided in the furnished press release.
Autodesk, Inc. 8-K Report, Financial Results (Jun 3, 2024)
Autodesk, Inc. filed an 8-K on June 3, 2024, primarily to furnish a press release detailing preliminary financial results for the first quarter ended April 30, 2024. The filing also announced significant executive leadership changes, including the transition of Deborah Clifford from CFO to Chief Strategy Officer and the appointment of Elizabeth Rafael as Interim CFO. Ms. Rafael, a seasoned executive with extensive financial and board experience, will receive a competitive compensation package including a salary and restricted stock units.
Autodesk, Inc. 8-K Report, Listing Notice (Apr 25, 2024)
Autodesk, Inc. (ADSK) has filed an 8-K report disclosing that it received a notice from Nasdaq on April 19, 2024, regarding its non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the fiscal year ended January 31, 2024. The delay is attributed to an ongoing internal investigation, the subject of which remains the same as previously disclosed and is not believed to affect previously issued financial statements or the company's February 29, 2024 earnings release. The notice from Nasdaq does not have an immediate impact on the trading of ADSK's common stock. The company has 60 days from the notice date to submit a plan of compliance to Nasdaq and may be granted up to 180 days from the original Form 10-K due date (October 14, 2024) to regain compliance. Autodesk intends to regain compliance as soon as practicable.
Autodesk, Inc. 8-K Report, Financial Results (Feb 29, 2024)
Autodesk, Inc. (ADSK) filed an 8-K on February 29, 2024, reporting its fourth quarter and full fiscal year 2024 results. The report primarily furnishes a press release detailing financial performance and key operating metrics. Autodesk emphasizes its use of non-GAAP financial measures to provide a clearer view of core business operations and long-term health, excluding items such as stock-based compensation, amortization, CEO transition costs, and acquisition-related expenses. These non-GAAP measures are intended to supplement GAAP results and aid investors in comparing performance across periods and with industry peers. The company also highlights its key performance metrics, including billings, recurring revenue, net revenue retention rate (NR3), and subscriptions, which are crucial for understanding the strength and long-term health of its subscription-based business model. Investors are encouraged to review both GAAP and non-GAAP figures, as well as the provided reconciliations, to gain a comprehensive understanding of Autodesk's financial standing and operational performance.
Autodesk, Inc. 8-K Report, Financial Results (Nov 21, 2023)
Autodesk, Inc. filed an 8-K on November 21, 2023, to furnish a press release detailing its financial results for the third fiscal quarter ended October 31, 2023. The report highlights the company's use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor business strength. Autodesk also provides non-GAAP financial measures, explaining their purpose in offering greater transparency into management's decision-making and enabling better period-over-period comparisons. These non-GAAP measures exclude items like stock-based compensation, amortization, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition-related costs, and gains/losses on strategic investments to better reflect core business operations. Investors are encouraged to review these non-GAAP measures alongside GAAP results, as they are intended to supplement, not replace, GAAP reporting. The company also notes that supplemental investor materials were posted on its investor relations website, reinforcing the importance of monitoring this channel for material non-public information. The filing itself does not constitute a formal SEC filing for Section 18 purposes but serves to incorporate the press release's information by reference.
Autodesk, Inc. 8-K Report, Financial Results (Aug 23, 2023)
Autodesk, Inc. (ADSK) filed an 8-K on August 23, 2023, primarily to furnish a press release detailing its second fiscal quarter 2023 financial results. The filing highlights Autodesk's use of key performance metrics like billings, recurring revenue, and Net Revenue Retention Rate (NR3) to assess the health of its subscription-based business model. These metrics, along with non-GAAP financial measures, are presented to provide investors with a clearer understanding of the company's core operating performance, complementing GAAP reporting. The company emphasizes the importance of these supplemental metrics for evaluating long-term business health and for making period-over-period comparisons. Autodesk also outlines the specific items it excludes from its non-GAAP reporting, such as stock-based compensation, amortization of acquired intangibles, CEO transition costs, and other non-recurring charges, to better reflect ongoing operational results. Investors are encouraged to review the detailed reconciliations between GAAP and non-GAAP measures provided in the furnished press release.
Autodesk, Inc. 8-K Report, Shareholder Vote Results (Jun 22, 2023)
This 8-K filing from Autodesk, Inc. reports on the outcomes of its 2023 Annual Meeting of Stockholders held on June 21, 2023. The primary focus of the filing is the election of eleven individuals to the Board of Directors, all of whom were elected for the ensuing year. Additionally, the filing confirms the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2024. Investors can take comfort in the strong support shown for the Board's director nominees and the ratification of the auditor. The non-binding advisory votes on executive compensation and the frequency of such votes also passed with significant majority support. The company's decision to continue with an annual advisory vote on executive compensation was reaffirmed.
Autodesk, Inc. 8-K Report, Financial Results (May 25, 2023)
Autodesk, Inc. (ADSK) filed an 8-K on May 25, 2023, to furnish a press release detailing its first fiscal quarter results for the period ending April 30, 2023. While the 8-K itself does not contain the specific financial figures, it directs investors to Exhibit 99.1, a press release that provides these details. The filing also reiterates Autodesk's focus on key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3), which are considered crucial for understanding the long-term health of its subscription-based business model. Autodesk emphasizes its use of non-GAAP financial measures, explaining that these are provided to offer investors additional insights into the company's core operating performance by excluding certain items like stock-based compensation, amortization, CEO transition costs, and acquisition-related expenses. Investors are encouraged to review these non-GAAP measures alongside GAAP results and consult the reconciliation provided in the furnished press release. The company also highlighted that supplemental investor materials are available on its investor relations website, which it uses for disclosing material non-public information and complying with Regulation FD. This 8-K serves as a notification of the release of its quarterly financial results and the accompanying explanatory materials.
Autodesk, Inc. 8-K Report, Financial Results (Feb 23, 2023)
Autodesk, Inc. (ADSK) filed an 8-K on February 23, 2023, to report its financial results for the fourth quarter ended January 31, 2023. The filing primarily furnished an earnings press release (Exhibit 99.1) which details the company's performance and outlook. Investors should note that Autodesk utilizes several key performance metrics, including billings, recurring revenue, net revenue retention rate (NR3), and subscriptions, to assess the health and long-term prospects of its recurring business. The company also provides non-GAAP financial measures, such as non-GAAP operating margin and diluted net income per share, which exclude items like stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring charges, lease-related impairments, acquisition costs, and gains/losses on strategic investments. Autodesk emphasizes that these non-GAAP measures are supplemental and should be considered alongside GAAP results, urging investors to review the provided reconciliations.
Autodesk, Inc. 8-K Report, Bylaw Amendment (Dec 15, 2022)
Autodesk, Inc. (ADSK) filed an 8-K on December 15, 2022, disclosing two key events. Firstly, the company's Board of Directors amended and restated the company's Bylaws, effective immediately. These updates primarily address procedural changes for director nominations and business proposals at stockholder meetings, aligning with new SEC universal proxy rules. The revised bylaws also clarify provisions related to stockholder meetings, including the Board's ability to cancel or postpone meetings, and update exclusive forum provisions and indemnification terms. Secondly, Autodesk announced the full repayment of its $350.0 million aggregate principal amount of outstanding 3.6% Notes due 2022. This repayment satisfied and discharged the associated Indenture as of the payment date.
Autodesk, Inc. 8-K Report, Financial Results (Nov 22, 2022)
This 8-K filing from Autodesk, Inc. (ADSK) on November 22, 2022, primarily serves to furnish a press release detailing the company's financial results for the third fiscal quarter ended October 31, 2022. While specific financial figures are not detailed within the 8-K itself, the filing emphasizes Autodesk's use of key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) to assess the health of its recurring business. These metrics are presented as supplemental information to GAAP results and are intended to provide investors with a clearer view of the company's long-term business strength. The report also extensively outlines Autodesk's use of non-GAAP financial measures. The company details numerous adjustments made to GAAP figures, including the exclusion of stock-based compensation, amortization of developed technologies and purchased intangibles, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition-related costs, gains/losses on strategic investments, discrete tax provisions, and valuation allowances on deferred tax assets. Autodesk explains that these non-GAAP measures are used internally for operational decision-making and budgeting, and are provided to investors to enhance transparency and comparability with historical results and peer companies.
Autodesk, Inc. 8-K Report, Financial Results (Aug 24, 2022)
Autodesk, Inc. filed an 8-K on August 24, 2022, reporting its financial results for the second fiscal quarter ended July 31, 2022. The filing primarily serves to furnish a press release containing these results and to detail the company's use of non-GAAP financial measures and key performance indicators (KPIs) such as billings, recurring revenue, and Net Revenue Retention Rate (NR3). These metrics are presented to offer investors deeper insights into the long-term health and recurring business strength of Autodesk's operations. The company emphasized its use of non-GAAP measures, which exclude items like stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition costs, and gains/losses on strategic investments. Autodesk asserts that these adjustments provide a clearer view of core business operating results, aid in period-over-period comparisons, and are utilized by management for strategic decision-making and incentive compensation. Investors are advised to review these non-GAAP measures alongside, and not as a substitute for, GAAP results, particularly the provided reconciliations.
Autodesk, Inc. 8-K Report, Executive Changes (Aug 23, 2022)
Autodesk, Inc. (ADSK) announced a significant addition to its Board of Directors with the appointment of Rami Rahim, the current CEO of Juniper Networks, Inc. This appointment, effective August 22, 2022, expands the Board to eleven members and fills a newly created vacancy. Mr. Rahim brings extensive leadership experience, having served in various executive roles at Juniper Networks since 1997, including his tenure as CEO since 2014. His expertise in technology and executive leadership is expected to be a valuable asset to Autodesk's strategic direction and governance. In addition to joining the Board, Mr. Rahim has been appointed to the Compensation Committee, a key committee overseeing executive remuneration and incentive plans. The filing also notes a shift in committee assignments for existing director Blake Irving, who will move from the Compensation Committee to the Corporate Governance and Nominating Committee. These changes underscore Autodesk's ongoing efforts to strengthen its board's expertise and governance structure, particularly as it navigates the evolving technology landscape.
Autodesk, Inc. 8-K Report, Executive Changes (Jun 21, 2022)
Autodesk, Inc. filed an 8-K on June 20, 2022, detailing key outcomes from its Annual Meeting of Stockholders held on June 16, 2022. The primary focus of this filing is the shareholder approval of the Autodesk 2022 Equity Incentive Plan, which is designed to attract, retain, and motivate key employees. Additionally, the report confirms the election of ten individuals to the Board of Directors for the upcoming year. Investors should note the strong shareholder support for the new equity incentive plan and the ratification of the company's independent auditor. The election results for the Board of Directors show a significant majority of votes in favor for each nominee, indicating shareholder confidence in the current leadership structure. This filing provides transparency on corporate governance matters and executive compensation-related initiatives.
Autodesk, Inc. 8-K Report, Financial Results (May 26, 2022)
Autodesk, Inc. (ADSK) filed an 8-K on May 26, 2022, primarily furnishing a press release detailing its first fiscal quarter ended April 30, 2022, financial results. The filing emphasizes key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3), which the company uses to monitor the strength and long-term health of its recurring business model. Investors are encouraged to view these metrics alongside GAAP measures. The report also extensively discusses Autodesk's use of non-GAAP financial measures, providing transparency into how the company's management evaluates performance. Key exclusions from GAAP figures include stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring charges, lease-related costs, acquisition-related expenses, gains/losses on strategic investments, discrete tax items, and valuation allowance adjustments. Autodesk highlights that these non-GAAP measures offer meaningful supplemental information for assessing core business operations and comparability with peers, but investors are cautioned against relying solely on them and urged to review the GAAP reconciliation.
Autodesk, Inc. 8-K Report, Executive Changes (Apr 28, 2022)
Autodesk, Inc. (ADSK) filed an 8-K on April 27, 2022, detailing amendments to its Executive Change in Control Program and the employment agreement of its CEO, Andrew Anagnost. These changes, effective April 27, 2022, were the result of a periodic review and primarily adjust how bonus components are calculated for certain severance scenarios. Specifically, the amendments now base these calculations on target bonus amounts rather than average historical bonuses or actual bonuses achieved, ensuring a more consistent and predictable framework for executive severance. While the benefit levels and material terms of the program remain largely unchanged from its last update in 2016, the new provisions aim to provide clarity and potentially a more advantageous payout structure for executives in specific change-in-control situations. The amended program is set to expire on January 31, 2027, unless extended by the Board. Investors should note that these updates pertain to executive compensation and change-in-control provisions and do not reflect any immediate operational or financial performance changes for the company.
Autodesk, Inc. 8-K Report, Financial Results (Feb 24, 2022)
Autodesk, Inc. (ADSK) filed an 8-K on February 24, 2022, to furnish its earnings press release for the fourth quarter ended January 31, 2022. The filing primarily serves to provide investors with detailed financial results and management's commentary on performance, including key performance metrics such as billings, recurring revenue, net revenue retention rate (NR3), and subscriptions. These metrics are highlighted as crucial for understanding the long-term health and recurring nature of Autodesk's business, distinct from traditional GAAP revenue and deferred revenue figures. The report also extensively discusses Autodesk's use of non-GAAP financial measures, detailing the types of expenses and charges that are excluded from these measures. These exclusions include stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring costs, lease-related charges, acquisition costs, gains/losses on strategic investments, discrete tax items, and valuation allowance adjustments. Autodesk emphasizes that these non-GAAP measures are presented to offer greater transparency into management's decision-making and to facilitate comparisons with industry peers and across periods, while also urging investors to review the GAAP reconciliation provided.
Autodesk, Inc. 8-K Report, Executive Changes (Dec 3, 2021)
This 8-K filing from Autodesk, Inc. (ADSK) details an amendment to the retirement agreement for Pascal W. Di Fronzo, Executive Vice President, Corporate Affairs, Chief Legal Officer & Secretary. Originally set to retire on December 3, 2021, Mr. Di Fronzo has agreed to extend his tenure with the company until May 9, 2022. This extension provides continuity in his critical roles as the company navigates its business operations and strategic initiatives.
Autodesk, Inc. 8-K Report, Financial Results (Nov 23, 2021)
Autodesk, Inc. (ADSK) filed an 8-K on November 23, 2021, to furnish a press release detailing its third fiscal quarter 2021 financial results. The filing highlights the company's use of key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) to assess the strength and long-term health of its recurring business model. These metrics are presented as supplementary to GAAP financials and are crucial for understanding Autodesk's operational performance. The report also emphasizes Autodesk's use of non-GAAP financial measures, which exclude items like stock-based compensation, amortization of intangibles, CEO transition costs, goodwill impairment, restructuring costs, acquisition-related expenses, and gains/losses on strategic investments. The company believes these non-GAAP figures provide greater transparency and allow for more meaningful comparisons of core business operations across periods and with peers, aiding investors in evaluating earning potential and performance. Autodesk advises investors to consider these non-GAAP measures in conjunction with, and not as a substitute for, GAAP financials, and to review the provided reconciliations.
Autodesk, Inc. 8-K Report, Material Agreement (Oct 7, 2021)
Autodesk, Inc. (ADSK) announced on October 7, 2021, the issuance of $1 billion in aggregate principal amount of 2.400% Notes due 2031. This financing was secured through an indenture agreement with U.S. Bank National Association. The notes carry a semi-annual interest payment obligation and include provisions for repurchase upon a change of control event coupled with a credit rating downgrade below investment grade. The company also retains the option to redeem these notes under specific terms outlined in the indenture. Investors should note that the indenture imposes certain restrictions on Autodesk and its subsidiaries, including limitations on incurring liens on principal property, engaging in sale and lease-back transactions, and significant asset dispositions. The document also details standard events of default, such as failure to meet payment obligations or insolvency, which could lead to the acceleration of the principal amount due. This debt issuance is a significant event for the company's capital structure and financial obligations.
Autodesk, Inc. 8-K Report, Material Agreement (Oct 6, 2021)
Autodesk, Inc. (ADSK) announced on October 5, 2021, the successful execution of an underwriting agreement for a public offering of $1 billion in aggregate principal amount of 2.400% Notes due 2031. This debt issuance was conducted under the company's existing Form S-3 registration statement and is expected to close on October 7, 2021. The offering, managed by BofA Securities, Morgan Stanley, and U.S. Bancorp Investments, provides Autodesk with significant capital, likely to support its strategic initiatives, growth opportunities, or ongoing operational needs. Investors should note that this is a debt financing event, not an equity issuance. The terms of the underwriting agreement include standard representations, warranties, and covenants, along with customary indemnification provisions for the underwriters. The company's ability to issue debt under its S-3 registration indicates a level of financial maturity and confidence in its market position. The specific use of the proceeds from this note issuance is not detailed in this 8-K filing, which investors may seek to understand in future communications or financial reports.
Autodesk, Inc. 8-K Report, Material Agreement (Oct 4, 2021)
Autodesk, Inc. (ADSK) has entered into a new, larger unsecured revolving credit facility totaling $1.5 billion, replacing its previous $650 million agreement. This facility provides flexibility for working capital and general corporate purposes, with the option to increase commitments up to $2 billion. A notable feature is the incorporation of sustainability-linked mechanics, where interest rates and fees can be adjusted based on the company's performance in reducing greenhouse gas emissions and increasing female representation in technical roles. The agreement also includes standard covenants, such as a maximum leverage ratio, and customary events of default.
Autodesk, Inc. 8-K Report, Financial Results (Aug 25, 2021)
Autodesk, Inc. (ADSK) filed an 8-K on August 25, 2021, primarily to furnish a press release detailing its financial results for the second fiscal quarter ended July 31, 2021. The filing highlights the company's use of key performance metrics such as billings, recurring revenue, and Net Revenue Retention Rate (NR3) to assess the health of its recurring business. Autodesk emphasizes that these metrics, while valuable, should be considered alongside GAAP measures and are not a substitute for them. The company also provided supplemental investor materials on its investor relations website.
Autodesk, Inc. 8-K Report, Shareholder Vote Results (Jun 21, 2021)
This 8-K filing from Autodesk, Inc. reports on the results of its 2021 Annual Meeting of Stockholders held on June 16, 2021. The primary outcomes involved the election of the Board of Directors and the ratification of key corporate actions. All ten nominated directors were elected to serve for the ensuing year, indicating strong shareholder confidence in the current leadership's strategic direction and governance. Additionally, shareholders overwhelmingly approved the appointment of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year and, on an advisory basis, the compensation of the company's named executive officers. From an investor's perspective, the smooth re-election of the entire slate of directors and the broad approval of the auditor and executive compensation demonstrate a stable and well-supported governance structure at Autodesk. The substantial 'votes for' across all proposals, even with a significant number of abstentions and broker non-votes on certain items, underscore shareholder alignment with the company's leadership and financial oversight. This filing provides assurance regarding the continuity of management and the integrity of financial reporting processes.
Autodesk, Inc. 8-K Report, Financial Results (May 27, 2021)
Autodesk, Inc. (ADSK) filed an 8-K on May 27, 2021, to furnish its first-quarter 2021 earnings press release. The filing highlights the company's use of key performance metrics such as billings, recurring revenue, and net revenue retention rate (NR3) to monitor the health of its recurring business. These metrics, along with non-GAAP financial measures, are presented to provide investors with greater transparency into management's decision-making and to facilitate comparisons across periods and with peers. Autodesk also disclosed the retirement of its Executive Vice President, Corporate Affairs, Chief Legal Officer & Secretary, Pascal W. Di Fronzo, who will transition out by December 3, 2021, and will receive benefits under a Qualified Retirement Agreement. Investors should note that the company emphasizes that non-GAAP measures are supplementary and should be considered alongside GAAP results. The press release and accompanying supplemental materials are available on the company's investor relations website, which Autodesk uses for timely disclosure of material information. The core focus of the 8-K is to provide access to the company's Q1 2021 financial results and management's commentary on performance and strategic metrics.
Autodesk, Inc. 8-K Report, Executive Changes (Mar 29, 2021)
Autodesk, Inc. (ADSK) filed an 8-K on March 28, 2021, detailing an amendment and restatement of its Severance Plan, effective March 25, 2021. The key change is the introduction of severance benefits for eligible employees who voluntarily retire under specific criteria. Previously, the plan only covered involuntary terminations. This revised plan aims to incentivize voluntary departures for retirement while retaining essential severance protections for involuntary terminations without cause or for good reason. The amended plan defines 'Qualified Retirement' based on age and years of service thresholds (combined age + service >= 75, or age >= 55 with >= 10 years of service). Eligible employees retiring voluntarily will receive a lump-sum cash payment (1.5x base pay and target bonus, plus pro-rata bonus), accelerated vesting of time-based RSUs by 12 months, potential vesting of performance-based RSUs, and a 18-month COBRA subsidy with a potential tax gross-up. This amendment affects a select group of management and highly compensated employees, including executive officers.