Why is Greg Myers resigning from the Fortinet Board of Directors?

The filing states that Mr. Greg Myers notified Fortinet, Inc. that he will not stand for re-election to the Board of Directors. No specific reason for his decision was provided in the filing.

When is Greg Myers' resignation official?

Mr. Myers' resignation will be effective on June 14, 2012, immediately prior to Fortinet's 2012 Annual Meeting of Stockholders.

Does this 8-K filing include any financial results or other significant business updates?

No, this particular 8-K filing is limited to reporting the departure of a director. It does not contain any financial results or other material business updates.

FTNT 8-K: Leadership Changes

Summary

This 8-K filing from Fortinet, Inc. (FTNT) on April 27, 2012, primarily reports on a change within the company's Board of Directors. Mr. Greg Myers has announced his decision not to stand for re-election and will be resigning from the Board, effective June 14, 2012, just before the upcoming 2012 Annual Meeting of Stockholders. This is the only material event disclosed in this filing.

Key Highlights

1Director Greg Myers will not seek re-election to the Board of Directors.
2Mr. Myers' resignation is effective June 14, 2012.
3The resignation will occur immediately prior to the Company's 2012 Annual Meeting of Stockholders.
4This filing pertains solely to a change in board composition.

Fortinet, Inc. 8-K Report, Executive Changes (Apr 27, 2012)

Summary

Key Highlights

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