8-KEarnings & ResultsLeadership ChangesRegulation FD+1

Autodesk, Inc. 8-K Report, Financial Results (Nov 12, 2020)

Filed November 12, 2020For Securities:ADSK

Summary

Autodesk, Inc. (ADSK) filed an 8-K on November 12, 2020, primarily to report on an updated business outlook for the third quarter of fiscal year 2021 and the resignation of its Chief Financial Officer, R. Scott Herren. The company is providing an updated outlook, the details of which are included in an accompanying press release furnished as an exhibit. Investors should review this press release for specific guidance and any changes to previously issued financial forecasts. Furthermore, the filing announces the departure of CFO R. Scott Herren, who is leaving to join Cisco Systems, Inc. Mr. Herren's resignation is effective mid-December 2020 and is stated to be without any disagreement with the company regarding financial or other matters. This CFO transition is a significant event that investors will want to monitor for leadership continuity and the impact on financial strategy.

Key Highlights

  • 1Autodesk provided an updated business outlook for the third quarter of fiscal year 2021 via a press release.
  • 2The company announced the resignation of its Chief Financial Officer, R. Scott Herren.
  • 3Mr. Herren is departing to become CFO at Cisco Systems, Inc.
  • 4His resignation is effective through mid-December 2020.
  • 5The company explicitly stated that Mr. Herren's resignation is not due to any disagreements concerning financial or other matters.
  • 6The press release containing the business outlook update and details surrounding the CFO transition is furnished as an exhibit to the 8-K filing.

Frequently Asked Questions

This 8-K filing serves two main purposes: to furnish an updated business outlook for Autodesk's third quarter of fiscal year 2021 and to announce the resignation of its Chief Financial Officer, R. Scott Herren.

The specific details of the updated business outlook, including any changes to revenue, earnings, or other financial metrics, are contained within the press release furnished as Exhibit 99.1. Investors should refer to that document for precise financial guidance.

R. Scott Herren is resigning to accept the position of Chief Financial Officer at Cisco Systems, Inc. The company has stated that his departure is not related to any disagreements concerning financial or other matters.

Mr. Herren is expected to remain with Autodesk through mid-December 2020.