8-KLeadership ChangesShareholder Matters

Autodesk, Inc. 8-K Report, Executive Changes (Jun 13, 2019)

Filed June 13, 2019For Securities:ADSK

Summary

This Autodesk 8-K filing on June 13, 2019, primarily announces a change in its Principal Accounting Officer. Stephen Hope, previously Vice President and Corporate Controller, has been appointed as the new Principal Accounting Officer, effective June 12, 2019. He replaces R. Scott Herren, who will continue in his role as Senior Vice President, Chief Financial Officer, and Principal Financial Officer. Mr. Hope's appointment is effective immediately and he will continue under his existing compensation structure without any new grants or awards. This leadership transition in a key financial role is important for maintaining financial reporting integrity and investor confidence.

Key Highlights

  • 1Stephen Hope appointed as the new Principal Accounting Officer, effective June 12, 2019.
  • 2R. Scott Herren will continue as CFO and Principal Financial Officer.
  • 3Mr. Hope's appointment is part of routine leadership adjustments and does not involve changes to his compensation.
  • 4Autodesk held its Annual Meeting of Stockholders on June 12, 2019.
  • 5All nine nominated directors were elected to the Board for the ensuing year.
  • 6Stockholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm.
  • 7A non-binding advisory proposal to approve executive compensation was also approved by stockholders.

Frequently Asked Questions

The Principal Accounting Officer is responsible for overseeing the accounting operations of the company and ensuring the accuracy and integrity of financial statements. A smooth transition in this role is crucial for maintaining investor confidence and regulatory compliance.

No, R. Scott Herren will continue to serve as the Senior Vice President, Chief Financial Officer, and Principal Financial Officer. This appointment is a delegation of specific accounting responsibilities, not a replacement of the CFO.

Yes, the stockholders overwhelmingly ratified the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 31, 2020.

The proposal to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers was approved by stockholders.