01—Abstract
Summary
Summary of the 8-K filed February 13, 2025. Cited figures are marked; the original filing is the authoritative source.
VeriSign, Inc. (NASDAQ: VRSN) filed this Form 8-K on February 13, 2025 to report that Executive Vice President and Chief Financial Officer George E.
Kilguss III has decided to retire effective May 31, 2025. He informed the Board of Directors of his intention on February 10, 2025. The Company anticipates he will serve as an advisor after retirement, though no compensation terms for that role have been decided.
The Board has appointed John D. Calys, currently Senior Vice President, Global Controller and Chief Accounting Officer, to succeed Mr. Kilguss upon his retirement, serving as Principal Financial Officer and Principal Accounting Officer. Mr. Calys, age 65, has been Senior Vice President, Global Controller and Chief Accounting Officer since April 2024, previously held Senior Vice President and Global Controller roles from 2020, and served as Vice President and Global Controller from 2010 through 2020.
He also served as interim Chief Financial Officer in 2011 and 2012. No new compensation terms for Mr. Calys have been decided as of the filing date. The filing is primarily a leadership transition disclosure.
Per the accompanying press release, Mr. Kilguss had served as CFO since 2012 and with the Company for 13 years, and the Company's Executive Chairman, President and CEO Jim Bidzos praised his financial expertise and discipline. The filing does not include financial results or guidance.
02—Key points
Key Highlights
- CFO George E. Kilguss III will retire effective May 31, 2025; he informed the Board on February 10, 2025.
- John D. Calys, Senior Vice President, Global Controller and Chief Accounting Officer, will succeed Kilguss as Principal Financial Officer and Principal Accounting Officer upon his retirement.
- Mr. Calys, age 65, previously served as interim CFO in 2011 and 2012 and has been with the Company since December 2010, according to the press release.
- Kilguss is expected to serve as an advisor after retiring; compensation for that role has not been decided.
- No new compensation terms for Mr. Calys had been decided as of the filing date.
- Press release describes Kilguss as having served as CFO since 2012 and with the Company for 13 years.
03—Questions
Frequently Asked Questions
Why is the CFO leaving VeriSign?
The filing states that Mr. Kilguss informed the Board of his intention to retire, effective May 31, 2025. The filing does not give a reason beyond the retirement decision.
Who will replace George Kilguss as CFO?
The Board has appointed John D. Calys, the Company's Senior Vice President, Global Controller and Chief Accounting Officer, to succeed Mr. Kilguss upon his retirement. He will serve as Principal Financial Officer and Principal Accounting Officer.
What is Mr. Calys's background?
Mr. Calys has been Senior Vice President, Global Controller and Chief Accounting Officer since April 2024. He was Senior Vice President and Global Controller from 2020, Vice President and Global Controller from 2010 through 2020, and interim Chief Financial Officer in 2011 and 2012.
Will Mr. Kilguss remain involved with the Company after he retires?
The Company anticipates Mr. Kilguss will serve as an advisor following his retirement and expects he will be compensated for that service, but no compensation terms have been decided as of the filing date.
Has Mr. Calys's compensation changed with the appointment?
No decision as to new compensation terms has been made as of the date of the filing.
04—Continue