8-KLeadership Changes

CrowdStrike Holdings, Inc. 8-K Report, Executive Changes (Apr 8, 2022)

Filed April 8, 2022For Securities:CRWD

Summary

CrowdStrike Holdings, Inc. (CRWD) filed an 8-K on April 7, 2022, announcing two key personnel and compensation-related events. The most significant development is the appointment of Anurag Saha as the new Chief Accounting Officer (CAO) and principal accounting officer, effective immediately on April 6, 2022. Mr. Saha brings extensive experience, having previously served as the Company's Senior Vice President of Finance Transformation and holding senior roles at Meta Platforms and PricewaterhouseCoopers, including 16 years at PwC where he became a partner. His qualifications include a Chartered Accountant from India and a Certified Public Accountant in California. Additionally, the filing details the approved compensation packages for fiscal year 2023 for the Company's senior executives, including named executive officers, effective February 1, 2022. Key executives such as George Kurtz (CEO), Burt W. Podbere (CFO), and Shawn Henry (President of CrowdStrike Services and Chief Security Officer) have had their base salaries and target incentive compensation awards established. This information provides insight into the company's executive remuneration strategy and leadership stability.

Key Highlights

  • 1Appointment of Anurag Saha as Chief Accounting Officer (CAO) and principal accounting officer, effective April 6, 2022.
  • 2Anurag Saha has a strong background with experience at Meta Platforms and 16 years at PricewaterhouseCoopers, including partner experience.
  • 3Mr. Saha is a Chartered Accountant (India) and a Certified Public Accountant (California).
  • 4No new compensatory arrangements or modifications were made to Mr. Saha's existing compensation in connection with his promotion.
  • 5Compensation packages for fiscal year 2023 for senior executives, including named executive officers, have been approved.
  • 6Details provided for FY23 base salaries and target incentive compensation for CEO George Kurtz, CFO Burt W. Podbere, and Shawn Henry.
  • 7The FY23 executive compensation is effective from February 1, 2022.

Frequently Asked Questions

Anurag Saha was appointed as CrowdStrike's Chief Accounting Officer and principal accounting officer, effective April 6, 2022.

Mr. Saha previously served as CrowdStrike's Senior Vice President of Finance Transformation. Prior to that, he worked at Meta Platforms as Controller of Reporting and spent 16 years at PricewaterhouseCoopers LLP, where he became a partner. He is a Chartered Accountant from India and a Certified Public Accountant in California.

There were no new compensatory arrangements or modifications to existing arrangements for Mr. Saha in connection with his appointment as Chief Accounting Officer. He will continue to be eligible for the company's standard compensation and benefit plans.

The filing outlines the approved base salaries and target incentive compensation for fiscal year 2023 for key executives, including CEO George Kurtz, CFO Burt W. Podbere, and Shawn Henry. These compensation structures are effective from February 1, 2022, and are subject to the terms of the Company's Corporate Incentive Plan.