8-KLeadership ChangesExhibits & Filings

Autodesk, Inc. 8-K Report, Executive Changes (Dec 14, 2018)

Filed December 14, 2018For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) announced a significant addition to its Board of Directors with the appointment of Stephen Milligan, effective December 13, 2018. Mr. Milligan brings extensive experience, having served as CEO of Western Digital Corporation and holding various senior financial and executive roles at Western Digital, Hitachi Global Storage Technologies (HGST), and Dell Inc. His appointment fills a newly created board seat and strengthens the Board's financial and operational expertise, particularly within the technology sector. Furthermore, Mr. Milligan has been appointed as a member of the Company's Audit Committee. He will receive compensation consistent with other non-employee directors, including an annual retainer and a prorated restricted stock unit grant. This appointment is intended to leverage Mr. Milligan's deep industry knowledge and financial acumen to support Autodesk's strategic direction and governance.

Key Highlights

  • 1Autodesk appointed Stephen Milligan to its Board of Directors, filling a new vacancy.
  • 2Mr. Milligan brings over 30 years of executive leadership, financial, and operational experience in the technology industry.
  • 3He previously served as CEO of Western Digital Corporation and held key financial roles at HGST and Dell.
  • 4Mr. Milligan has been appointed to the Company's Audit Committee, enhancing its financial oversight capabilities.
  • 5His compensation will follow the standard non-employee director compensation plan, including stock awards.
  • 6There are no undisclosed arrangements or family relationships between Mr. Milligan and existing directors or officers.
  • 7The appointment is intended to bolster the Board's expertise in relevant industries and financial matters.

Frequently Asked Questions

Stephen Milligan is a seasoned executive with over 30 years of experience in the technology sector, including CEO roles at Western Digital and HGST. He has been appointed to Autodesk's Board of Directors to fill a new seat and bring his extensive operational and financial leadership expertise to the company's governance and strategic guidance.

Mr. Milligan has been appointed as a member of Autodesk's Audit Committee. This committee plays a crucial role in overseeing the company's financial reporting, internal controls, and audit processes.

Mr. Milligan will be compensated according to Autodesk's standard arrangements for non-employee directors. This includes an annual cash compensation of $75,000 and a prorated restricted stock unit grant valued at approximately $123,973, which will vest on the date of the next annual meeting of stockholders.

The filing indicates that Mr. Milligan is not a party to any transaction requiring disclosure under Item 404(a) of Regulation S-K, and there are no undisclosed arrangements or understandings between him and any other individuals regarding his appointment. He also has no family relationships with current directors or executive officers.