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Fortinet, Inc. 8-K/A Report, Executive Changes (May 15, 2025)

Reports
Leadership Changes
Filing Date
Filed May 15, 2025
Period End
May 13, 2025
Security
FTNT
In the record · 2016–202610-K1210-Q328-K91

FTNT filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 91 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · May ’22May ’22
  2. Leadership change8-K · Jul ’24Jul ’24

01—Abstract

Summary

Summary of the 8-K/A filed May 15, 2025. Cited figures are marked; the original filing is the authoritative source.

Fortinet, Inc. (FTNT) has filed an 8-K/A amendment to confirm the appointment of Christiane Ohlgart as the new Chief Financial Officer (CFO), effective May 15, 2025.

This transition follows the previously announced retirement of Keith Jensen. Ms. Ohlgart, currently the Principal Accounting Officer, will continue in that role alongside her new CFO responsibilities. The company's Board of Directors has approved a compensation package for Ms. Ohlgart, including an annual base salary of $480,000a and a target bonus of 80% of her base salary.

Further details outline Ms. Ohlgart's expected equity compensation, comprising Restricted Stock Units (RSUs) with a target award value of $500,000b and Performance Stock Units (PSUs) also with a target value of $500,000. These awards are subject to Board approval and will vest over a four-year period, with the PSUs tied to Fortinet's total stockholder return performance relative to the S&P 500. The filing also confirms standard indemnification and change of control agreements are in place or expected to be formalized.

02—Key points

Key Highlights

  1. Christiane Ohlgart officially appointed Chief Financial Officer (CFO) effective May 15, 2025.
  2. The appointment is contingent upon the retirement of current CFO, Keith Jensen.
  3. Ms. Ohlgart will retain her role as Principal Accounting Officer.
  4. Approved annual base salary for Ms. Ohlgart is $480,000.
  5. Target annual bonus for Ms. Ohlgart is 80% of her base salary.
  6. Expected equity awards include $500,000 in RSUs and $500,000 in PSUs, subject to Board approval.
  7. PSUs will vest based on Fortinet's total stockholder return relative to the S&P 500.

03—Questions

Frequently Asked Questions

  1. Who is the new Chief Financial Officer at Fortinet?

    Christiane Ohlgart has been appointed as the new Chief Financial Officer (CFO) of Fortinet, effective May 15, 2025.

  2. What is Christiane Ohlgart's compensation package?

    Ms. Ohlgart is set to receive an annual base salary of $480,000, a target bonus of 80% of her base salary, and is expected to be granted RSUs and PSUs with a combined target award value of $1,000,000, subject to Board approval.

  3. Will Christiane Ohlgart continue in her previous role?

    Yes, in addition to her new role as CFO, Ms. Ohlgart will continue to serve as Fortinet's Principal Accounting Officer.

  4. What are the terms of the equity awards for the new CFO?

    Ms. Ohlgart is expected to receive RSUs that vest over four years (1/4th on May 1, 2026, and then quarterly) and PSUs that vest over four years based on Fortinet's total stockholder return performance compared to the S&P 500. Both awards have a target value of $500,000 each and are contingent upon Board approval.

04—Continue

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