8-KLeadership Changes

F5, INC. 8-K Report, Executive Changes (Jan 27, 2021)

Filed January 27, 2021For Securities:FFIV

Summary

This 8-K filing by F5, INC. (FFIV) on January 27, 2021, primarily reports on the planned retirement of two long-standing directors, A. Gary Ames and Deborah L. Bevier. Both directors have informed the Board of their decision not to stand for re-nomination at the upcoming Annual Meeting of Shareholders, citing succession planning as the reason for their departures. Investors should note that these retirements are part of the Board's ongoing succession efforts and are not attributed to any disagreements with the Company. Mr. Ames has served since July 2004 and Ms. Bevier since July 2006, contributing to various Board committees during their tenures. They will continue to serve until the date of the Annual Meeting, allowing for a smooth transition.

Key Highlights

  • 1Two long-serving directors, A. Gary Ames and Deborah L. Bevier, are retiring and will not seek re-nomination.
  • 2Departures are planned for the upcoming Annual Meeting of Shareholders.
  • 3The retirements are driven by the Board's succession planning efforts.
  • 4There are no disagreements with the Company cited as reasons for the departures.
  • 5Mr. Ames has been a director since July 2004.
  • 6Ms. Bevier has been a director since July 2006.
  • 7Both directors will continue to serve until the Annual Meeting.

Frequently Asked Questions

A. Gary Ames and Deborah L. Bevier are retiring from the Board and will not be standing for re-nomination at the upcoming Annual Meeting of Shareholders. They have indicated that their decisions are part of the Board's ongoing succession efforts and that it is the right time for them to transition off the Board.

No, the filing explicitly states that the decisions of both Mr. Ames and Ms. Bevier to retire are not the result of any disagreement with the Company.

Mr. A. Gary Ames has served as a director since July 2004, and Ms. Deborah L. Bevier has served as a director since July 2006. Both have served for a significant period and on various Board committees.

Both directors will continue to serve on the Board until the date of the next Annual Meeting of Shareholders.