Summary
This 8-K filing from ServiceNow, Inc. (NOW) on April 25, 2018, primarily provides updates on the company's financial results for the first quarter ended March 31, 2018, as detailed in an accompanying press release (Exhibit 99.1). While specific financial figures are not in the 8-K itself, investors are directed to the press release for these key performance indicators and a reconciliation of GAAP and non-GAAP measures. The filing also announces significant changes in the company's Board of Directors, including the appointment of a new independent director, Dennis M. Woodside, and a leadership transition for the Chairman of the Board.
Key Highlights
- 1ServiceNow announced its financial results for the three months ended March 31, 2018, via a press release (Exhibit 99.1).
- 2The company emphasizes the importance of reviewing both GAAP and non-GAAP financial measures, providing reconciliations in the press release.
- 3Dennis M. Woodside was appointed as a new independent Class II director, expanding the Board to ten members.
- 4Mr. Woodside also joined the Leadership Development and Compensation Committee.
- 5Frank Slootman will retire as Chairman of the Board prior to the 2018 annual meeting of stockholders.
- 6Frederic B. Luddy will succeed Mr. Slootman as Chairman of the Board, effective immediately prior to the annual meeting.
- 7The Board size will be reduced from ten to nine members following Mr. Slootman's retirement.