WDAY 8-K Current Reports
Workday, Inc. - 134 current reports
Workday, Inc. 8-K Report, Shareholder Vote Results (Jun 22, 2026)
Workday, Inc. (WDAY) filed an 8-K on June 22, 2026, detailing the results of its Annual Meeting of Stockholders held on June 16, 2026. The meeting saw high participation, with approximately 97.58% of eligible votes represented, ensuring a quorum. Key outcomes include the overwhelming approval of all director nominees, the ratification of Ernst & Young LLP as the independent auditor for the fiscal year ending January 31, 2027, and advisory approval of executive compensation. The company also secured stockholder support for amendments to its 2022 Equity Incentive Plan and its 2012 Employee Stock Purchase Plan, both aimed at increasing the number of shares reserved for issuance, which is generally positive for supporting future growth and employee incentives.
Workday, Inc. 8-K Report, Financial Results (May 21, 2026)
Workday, Inc. (WDAY) has filed an 8-K report on May 21, 2026, to announce its financial results for the first quarter of fiscal year 2027, ending April 30, 2026. This filing primarily references a press release, which contains the detailed financial outcomes and operational performance for the period. Investors should note that while this report serves to disseminate this information, it is furnished and not deemed 'filed' for regulatory purposes under Section 18 of the Exchange Act, nor incorporated by reference into other securities filings unless explicitly stated. As the 8-K report itself is brief and points to the attached press release for specifics, the key takeaways for investors will be found within that accompanying document. This typically includes metrics such as revenue growth, profitability (both GAAP and non-GAAP), earnings per share, subscription revenue performance, and guidance for the upcoming quarters. Investors will be looking for signs of continued strong adoption of Workday's cloud-based solutions and the company's ability to maintain its growth trajectory and profitability in a competitive market.
Workday, Inc. 8-K Report, Exhibit Filing (Apr 24, 2026)
Workday, Inc. (WDAY) has filed an 8-K on April 24, 2026, reporting amendments to its Executive Severance and Change in Control Policy. These changes, effective April 20, 2026, primarily impact the benefits provided to executives in the event of a 'Non-CIC Qualifying Termination,' which is a termination that does not involve a change in control. The primary revisions focus on the acceleration of equity awards and the calculation of lump sum cash severance payments.
Workday, Inc. 8-K Report, Executive Changes (Mar 6, 2026)
This 8-K filing from Workday, Inc. details the equity awards granted to Aneel Bhusri, Executive Chair and newly appointed CEO, on March 5, 2026. The awards are designed to incentivize Mr. Bhusri's leadership and align his compensation with the company's stock performance. A significant portion of his compensation is tied to achieving specific stock price appreciation targets over a five-year period, with vesting contingent on continued service. Investors should note that Mr. Bhusri will not be eligible for additional equity awards until fiscal 2028, indicating a long-term commitment to these current grants. The performance-based Restricted Stock Unit (RSU) award, termed the PVU Award, has a multi-tiered stock price hurdle structure. Vesting of the PVU Award's tranches is dependent on achieving these price targets, measured by a trailing moving average stock price against a baseline established on the grant date. The structure suggests a focus on sustained stock price growth and shareholder value creation.
Workday, Inc. 8-K Report, Financial Results (Feb 24, 2026)
Workday, Inc. (WDAY) has filed an 8-K report on February 24, 2026, to announce its financial results for the fiscal fourth quarter and full year ended January 31, 2026. The report primarily incorporates a press release detailing these results, which are crucial for investors seeking to understand the company's recent performance and financial health. Investors should refer to the press release (Exhibit 99.1) for the specific financial figures and operational commentary. The filing also notes Workday's use of its blogs.workday.com website for material non-public information disclosures, a practice investors should monitor for ongoing updates. While the 8-K itself doesn't contain the detailed financial figures, it serves as the official notification of their release. The information is not deemed 'filed' for certain regulatory purposes, meaning it's primarily for informational disclosure rather than triggering specific liabilities under Section 18 of the Exchange Act. Investors are encouraged to access the attached press release for a comprehensive understanding of Workday's performance, including revenue, profitability, and any forward-looking statements or guidance provided.
Workday, Inc. 8-K Report, Executive Changes (Feb 9, 2026)
Workday, Inc. (WDAY) announced a significant leadership change via an 8-K filing on February 8, 2026. Effective February 6, 2026, co-founder and Executive Chair Aneel Bhusri has been appointed as the new Chief Executive Officer (CEO). He will retain his role as Chair of the Board. This transition sees Carl Eschenbach stepping down as CEO and resigning from the Board. Mr. Bhusri, a key figure since Workday's inception, brings extensive experience back to the CEO role, having previously held various executive positions including co-CEO and CEO. The filing also details Mr. Bhusri's compensation package, which includes a base salary, significant equity awards (RSUs and performance-based RSUs), and eligibility for the company's severance policy. Concurrently, Mr. Eschenbach's separation agreement is outlined, including a cash payment and accelerated vesting of certain equity awards.
Workday, Inc. 8-K Report, Financial Results (Feb 4, 2026)
Workday, Inc. (WDAY) has filed an 8-K report on February 4, 2026, providing updates on its financial outlook and operational adjustments. The company expects its fiscal 2026 fourth-quarter and full-year financial results to be largely in line with previous guidance, with a notable adjustment to its GAAP operating margin. This adjustment is driven by significant restructuring charges related to workforce reorganization and asset impairment. These restructuring efforts involve eliminating approximately 2% of the workforce, primarily in non-revenue generating Global Customer Operations roles, to better align resources for fiscal 2027. Workday anticipates incurring approximately $135 million in charges in Q4 FY2026, including severance, stock-based compensation, and non-cash asset impairments. Despite these charges, the company plans to continue hiring in strategic, revenue-generating areas. Investors should monitor the actual realization of these charges and the impact of the restructuring on future operational efficiency and growth.
Workday, Inc. 8-K Report, Financial Results (Nov 25, 2025)
Workday, Inc. (WDAY) has filed an 8-K report on November 25, 2025, to announce its financial results for the fiscal third quarter ended October 31, 2025. The press release, included as an exhibit, details the company's performance during the period. Investors should note that the information provided is being furnished and not deemed "filed" under Section 18 of the Exchange Act, nor incorporated by reference into other filings unless specifically stated. While the 8-K itself does not contain the detailed financial figures, it directs investors to the accompanying press release for the complete results of operations and financial condition for the third quarter of fiscal year 2026. Investors are encouraged to review this press release for specific revenue, profitability, and other key financial metrics that will inform their investment decisions regarding Workday.
Workday, Inc. 8-K Report, Corporate Update (Sep 17, 2025)
Workday, Inc. (WDAY) announced a significant new share repurchase program, authorizing up to an additional $4.0 billion of its Class A common stock. This program, coupled with the remaining $1.2 billion under existing authorizations as of July 31, 2025, signals Workday's intent to repurchase approximately $5.0 billion of its stock through fiscal 2027. This substantial capital return initiative indicates management's confidence in the company's financial health and future prospects, and suggests a belief that the company's stock may be undervalued. Investors should note that the repurchase program has no expiration date and can be modified or terminated at the company's discretion. The repurchases will be executed through various methods, including open market purchases and Rule 10b5-1 trading plans, with the timing and total amount subject to market conditions and business considerations. While this program can be accretive to earnings per share by reducing the number of outstanding shares, it also means less capital will be available for other strategic investments or debt reduction.
Workday, Inc. 8-K Report, Corporate Update (Sep 16, 2025)
Workday, Inc. (WDAY) has announced the signing of a definitive agreement to acquire Sana Labs AB ("Sana"), a move that signals a significant strategic expansion for Workday in the corporate learning and development space. The acquisition is subject to customary closing conditions and is expected to enhance Workday's existing offerings by integrating Sana's advanced learning management system capabilities. This transaction represents an opportunity for Workday to bolster its human capital management suite by adding robust learning solutions, potentially driving further adoption and customer value. Investors should monitor the satisfaction of closing conditions and the integration progress, as the success of this acquisition could impact Workday's competitive positioning and future financial performance. The company has provided forward-looking statements outlining potential benefits and risks associated with the acquisition, emphasizing the importance of careful consideration of these factors.
Workday, Inc. 8-K Report, Financial Results (Aug 21, 2025)
Workday, Inc. (WDAY) has filed a Form 8-K on August 21, 2025, reporting on its financial results for the fiscal second quarter ended July 31, 2025. The filing primarily consists of a press release (Exhibit 99.1) that details the company's performance for the period. Investors should refer to this press release for specific financial metrics, including revenue, profitability, and any forward-looking guidance that Workday may have provided. This report confirms that Workday is adhering to its disclosure obligations, including utilizing its corporate blog for material non-public information. While this 8-K itself doesn't contain the detailed financial figures, it serves as the official channel to disseminate the earnings announcement. Investors are encouraged to review Exhibit 99.1 for a comprehensive understanding of Workday's latest financial condition and operational results, which will inform investment decisions.
Workday, Inc. 8-K Report, Corporate Update (Aug 21, 2025)
Workday, Inc. (WDAY) has announced a significant strategic move through a definitive agreement to acquire Paradox, Inc., an AI company focused on revolutionizing the candidate experience. This acquisition is poised to enhance Workday's AI capabilities, particularly in talent acquisition, aiming to streamline hiring and onboarding processes for its customers. The deal is subject to customary closing conditions and regulatory approvals, indicating that the integration is not yet complete and potential hurdles may exist. Investors should closely monitor the progress of this acquisition, as its successful integration could unlock substantial benefits by strengthening Workday's competitive position in the HR technology market. The forward-looking statements highlight potential advantages like improved efficiency in finding, hiring, and onboarding workers, but also caution about risks such as the transaction not closing, failure to achieve expected benefits, and potential negative impacts on Workday's operations or share price. The attached press release provides further details on this pivotal development.
Workday, Inc. 8-K Report, Shareholder Vote Results (Jun 9, 2025)
Workday, Inc. (WDAY) filed an 8-K on June 9, 2025, detailing the results of its Annual Meeting of Stockholders held on June 4, 2025. The meeting saw a high turnout, with approximately 97.18% of eligible votes represented, establishing a quorum. Key outcomes include the election of four Class I directors to the Board, the ratification of Ernst & Young LLP as the independent auditor for fiscal year 2026, and advisory approval of executive compensation. All proposals presented to the stockholders were passed with significant support. The re-elected directors, Carl M. Eschenbach, Michael M. McNamara, Michael L. Speiser, and Jerry Yang, received strong 'For' votes, indicating continued confidence from shareholders. Similarly, the appointment of Ernst & Young LLP was overwhelmingly ratified, and the executive compensation plan received advisory approval. These results suggest a stable governance structure and alignment between management and shareholders on key corporate matters.
Workday, Inc. 8-K Report, Financial Results (May 22, 2025)
Workday, Inc. (WDAY) has filed an 8-K report on May 21, 2025, primarily announcing its financial results for the first quarter of fiscal year 2026, which ended on April 30, 2025. The press release detailing these results, filed as Exhibit 99.1, is crucial for investors to assess the company's recent performance and future outlook. Investors should review this press release for specific revenue, profitability, and guidance figures. Additionally, Workday's Board of Directors has authorized a new share repurchase program, allowing for the buyback of up to $1.0 billion of its outstanding Class A common stock. This program, initiated on May 22, 2025, offers flexibility in execution and aims to return value to shareholders. The company also reiterated its commitment to using its blogs.workday.com website for disclosing material non-public information, reinforcing its compliance with Regulation FD.
Workday, Inc. 8-K Report, Executive Changes (Feb 25, 2025)
Workday, Inc. (WDAY) has announced a significant leadership change within its product and technology division through an 8-K filing dated February 25, 2025. The company has appointed Gerrit Kazmaier as its new President, Product and Technology, effective March 10, 2025. Mr. Kazmaier brings extensive experience from Google Cloud and SAP, where he held leadership roles in data analytics and database technologies, positioning him to drive Workday's innovation strategy. This appointment coincides with the retirement of Sayan Chakraborty from his current role, who will transition to an advisory capacity to ensure a smooth handover through June 2, 2025, and then continue as a consultant until December 2, 2025. Mr. Kazmaier's compensation package includes a substantial base salary, a signing bonus, and significant equity awards totaling approximately $30 million, with a multi-year vesting schedule. Investors should monitor how Mr. Kazmaier's leadership impacts Workday's product roadmap and technological advancements.
Workday, Inc. 8-K Report, Financial Results (Feb 25, 2025)
Workday, Inc. (WDAY) has filed an 8-K report on February 25, 2025, announcing its financial results for the fiscal fourth quarter and full year ended January 31, 2025. This filing primarily serves to incorporate by reference the press release containing these results, which was issued on the same date. Investors should refer to the press release (Exhibit 99.1) for detailed financial performance, operational metrics, and forward-looking statements. The report also reiterates Workday's use of its blogs.workday.com website for disclosing material non-public information and complying with Regulation FD. It's important to note that the information provided in this 8-K and its exhibits is not considered "filed" for purposes of Section 18 of the Exchange Act and should be viewed in conjunction with the company's other SEC filings.
Workday, Inc. 8-K Report, Financial Results (Feb 5, 2025)
Workday, Inc. (WDAY) has filed an 8-K report disclosing a significant restructuring plan. This plan involves the elimination of approximately 1,750 positions, representing 8.5% of its workforce, and the exit from certain owned office spaces. The company anticipates incurring charges between $230 million and $270 million related to this plan, primarily for severance, benefits, stock-based compensation, and office space impairment. While the bulk of these charges are expected in fiscal Q1 2026, a portion ($60-$70 million) will impact fiscal Q4 2025 results. Financially, Workday expects its fiscal 2025 fourth quarter and full-year results to be in line with or exceed prior guidance, with the notable exception of GAAP operating margin. The restructuring charges will negatively impact the GAAP operating margin, with estimates indicating a reduction of 22-23 percentage points for Q4 and 21 percentage points for the full year compared to non-GAAP margins. The company intends to exclude these restructuring charges from its non-GAAP financial measures. This strategic move is aimed at prioritizing investments and advancing durable growth.
Workday, Inc. 8-K Report, Executive Changes (Dec 3, 2024)
Workday, Inc. has announced a significant addition to its Board of Directors with the appointment of Elizabeth Centoni as a Class III director, effective December 3, 2024. Ms. Centoni brings a wealth of experience from her extensive career at Cisco, Inc., where she has held senior leadership roles, most recently as Executive Vice President and Chief Customer Experience Officer. Her expertise spans customer success, strategy, operations, artificial intelligence, and machine learning, which are highly relevant to Workday's business and future growth. Her appointment strengthens the Board's overall capabilities and brings fresh perspectives, particularly in areas critical to technological innovation and customer engagement. Investors should note that Ms. Centoni is considered independent under Nasdaq rules and also serves on the Supervisory Board of Mercedes-Benz AG. As part of her appointment, she will receive a $750,000 RSU grant with a vesting schedule designed to incentivize long-term commitment. The company also disclosed that Cisco is a Workday customer, with payments made in the ordinary course of business, ensuring transparency in related-party transactions.
Workday, Inc. 8-K Report, Executive Changes (Nov 26, 2024)
Workday, Inc. (WDAY) has announced a significant executive leadership change with the appointment of Robert Enslin as President, Chief Commercial Officer, effective December 2, 2024. Mr. Enslin brings extensive experience from leadership roles at UiPath and Google, including a long tenure at SAP. His primary responsibility will be to drive revenue growth and oversee global sales, partnerships, and customer experience. This appointment coincides with Doug Robinson's retirement from his Co-President role, though he will continue as an Executive Advisor until April 2025 to ensure a smooth transition. In conjunction with his new role, Mr. Enslin has been granted a substantial compensation package, including a $1,000,000 signing bonus and an equity award valued at approximately $38,000,000 in restricted stock units (RSUs) vesting over four years. The company also amended its Executive Severance and Change in Control Policy to allow for acceleration of equity awards granted to new hires, such as Mr. Enslin, in cases of termination by Workday without cause, even outside of a change in control period. These changes signal a strategic focus on commercial leadership and retention of key talent.
Workday, Inc. 8-K Report, Financial Results (Nov 26, 2024)
Workday, Inc. (WDAY) has filed an 8-K report on November 26, 2024, to announce its financial results for the fiscal third quarter ended October 31, 2024. The report primarily incorporates by reference a press release detailing these results, which was issued on the same day. Investors should refer to this press release (Exhibit 99.1) for the specific financial performance metrics, including revenue, profitability, and any forward-looking guidance provided by the company. While the 8-K itself doesn't contain the detailed financial figures, it serves as the official mechanism for making these results public. Workday also continues to utilize its blogs.workday.com website for disclosing material non-public information. It's important to note that the information presented in this 8-K and its exhibits is not considered "filed" for the purposes of Section 18 of the Exchange Act, meaning it doesn't carry the same legal implications for misstatements as formally filed reports.
Workday, Inc. 8-K Report, Executive Changes (Oct 1, 2024)
Workday, Inc. (WDAY) announced that its Co-President, Doug Robinson, will retire from his role effective January 31, 2025. Following his retirement, Mr. Robinson has agreed to a transitional period, serving as an Advisor through April 30, 2025, to assist with the handover of his responsibilities and support go-to-market and strategic initiatives. He is further expected to continue providing advisory services under a consulting agreement until October 31, 2025. During these advisory periods, Mr. Robinson will continue to receive his current cash compensation, and his existing equity awards will continue to vest according to their original terms. The company expressed gratitude for Mr. Robinson's significant contributions over his 14-year tenure. This filing primarily serves to inform stakeholders of this executive transition and related arrangements.
Workday, Inc. 8-K Report, Executive Changes (Sep 10, 2024)
Workday, Inc. (WDAY) announced a significant addition to its Board of Directors with the appointment of Rhonda J. Morris, effective February 14, 2025. Ms. Morris, a seasoned executive with extensive experience as Vice President and Chief Human Resources Officer at Chevron Corporation, brings valuable insights into human capital management and customer experience, aligning with Workday's core business. Her appointment, which follows her retirement from Chevron, is a strategic move to enhance the board's expertise and oversight. Investors should note that Ms. Morris will receive a one-time grant of $750,000 in restricted stock units (RSUs) upon her appointment, with a standard vesting schedule. This compensation aligns with Workday's practices for non-employee directors. Additionally, the filing clarifies that Chevron Corporation is a Workday customer, with material transaction volumes in the past fiscal year and current year-to-date, all conducted on an arms-length basis. The appointment is effective February 14, 2025, and Ms. Morris will stand for election at the 2026 Annual Meeting of Stockholders.
Workday, Inc. 8-K Report, Financial Results (Aug 22, 2024)
Workday, Inc. (WDAY) filed an 8-K on August 22, 2024, to announce its financial results for the fiscal second quarter ended July 31, 2024, and to disclose a significant new share repurchase program. While the press release detailing the financial results is incorporated by reference, the specific figures for revenue, earnings, and guidance are not directly provided in this 8-K filing itself. Investors should refer to the referenced press release (Exhibit 99.1) for detailed financial performance metrics. The key takeaway from this filing, beyond the quarterly results, is the authorization of a new share repurchase program of up to $1.0 billion of its Class A common stock.
Workday, Inc. 8-K Report, Executive Changes (Aug 1, 2024)
Workday, Inc. (WDAY) has filed an 8-K report announcing a significant leadership change within its accounting department. Effective September 3, 2024, Mark Garfield will assume the role of Chief Accounting Officer (CAO). Mr. Garfield brings extensive experience to Workday, having most recently served as the Senior Vice President and CAO at Adobe, Inc. since 2018. His prior roles include leadership positions at Cloudflare, Inc. and Symantec Corporation, indicating a strong background in financial operations and accounting. The appointment comes with a comprehensive compensation package designed to attract and retain Mr. Garfield. This includes a substantial base salary, a significant signing bonus, and a robust equity award valued at approximately $9 million in total, structured with multi-year vesting. These arrangements underscore Workday's commitment to securing experienced financial leadership to support its ongoing growth and operational integrity. Investors should view this appointment as a strategic move to strengthen financial oversight and reporting capabilities.
Workday, Inc. 8-K Report, Executive Changes (Jul 5, 2024)
Workday, Inc. (WDAY) filed an 8-K on July 5, 2024, reporting a change in its Board of Directors and Audit Committee leadership. Christa Davies resigned from the Board and its Audit Committee, effective July 2, 2024. Her departure was stated to be voluntary and not due to any disagreements with the company's management or board, nor related to Workday's operations, policies, or practices. The company expressed gratitude for her service.
Workday, Inc. 8-K Report, Executive Changes (Jun 20, 2024)
Workday, Inc. (WDAY) has filed an 8-K report detailing key changes in its board of directors and the outcomes of its recent Annual Stockholder Meeting held on June 18, 2024. The most significant event reported is the appointment of Michael L. Speiser to the Board of Directors and its Investment Committee, effective June 18, 2024. Mr. Speiser brings extensive experience from venture capital and leadership roles at prominent tech companies like Snowflake and Pure Storage, indicating a strategic enhancement of the board's expertise in high-growth technology environments. The Annual Stockholder Meeting saw strong approval for all proposed items, including the election of three Class III directors, the ratification of Ernst & Young LLP as the independent auditor for fiscal year 2025, and an advisory vote on executive compensation. Additionally, stockholders approved an amendment to the company's Restated Certificate of Incorporation to align with Delaware law on officer exculpation. These outcomes suggest continued investor confidence in Workday's governance and leadership.
Workday, Inc. 8-K Report, Financial Results (May 23, 2024)
Workday, Inc. (WDAY) has filed an 8-K report on May 23, 2024, to announce its financial results for the fiscal first quarter ended April 30, 2024. The key information is contained within the attached press release, which details the company's performance during the period. Investors should refer to Exhibit 99.1 for the complete financial details and commentary. This filing serves as a standard disclosure mechanism for the company's quarterly performance. While the 8-K itself is brief, the incorporated press release provides the substantive financial results and operational updates that are crucial for understanding Workday's current financial condition and trajectory. The company also reiterates its use of its blogs.workday.com website for disclosing material non-public information.
Workday, Inc. 8-K Report, Executive Changes (Apr 25, 2024)
Workday, Inc. (WDAY) filed an 8-K on April 24, 2024, reporting changes to its Board of Directors. Ann-Marie Campbell has decided not to stand for re-election at the upcoming 2024 Annual Meeting of Stockholders and will resign at the start of the meeting. This decision is stated to be voluntary and not due to any disagreements with the company. Additionally, the Board undertook a reclassification of its director classes to ensure more equal distribution of members. As part of this process, Lynne Doughtie resigned from her Class I directorship and was simultaneously reappointed as a Class III director. This move was purely for the purpose of rebalancing the board's class structure, with no impact on her committee roles or continuity of service. Investors should note these are administrative and governance-related changes, with no immediate implications for Workday's operational or financial performance based on this filing.
Workday, Inc. 8-K Report, Financial Results (Feb 26, 2024)
Workday, Inc. (WDAY) has filed an 8-K report detailing its fiscal fourth quarter and full year 2024 financial results, announced on February 26, 2024. The company also announced a new $500 million share repurchase program authorized by its Board of Directors. This program, effective for 18 months, underscores management's confidence in the company's financial health and commitment to returning value to shareholders. While specific financial metrics are detailed in the press release (Exhibit 99.1), the key takeaway for investors is the dual focus on operational performance and capital allocation. The share repurchase authorization provides a mechanism for potential earnings per share (EPS) accretion and signals a belief that WDAY's stock may be undervalued, offering a potential boost to investor sentiment.
Workday, Inc. 8-K Report, Corporate Update (Feb 26, 2024)
Workday, Inc. (WDAY) announced on February 26, 2024, that it has entered into a definitive agreement to acquire HiredScore, Inc. HiredScore is a company focused on artificial intelligence (AI)-powered talent acquisition and internal mobility solutions. This acquisition is expected to enhance Workday's existing platform by integrating HiredScore's technology to provide customers with a more comprehensive, transparent, and intelligent approach to talent management. The filing details the merger agreement and highlights the forward-looking nature of this announcement, outlining potential benefits and inherent risks associated with the transaction. While specific financial terms are not disclosed in this 8-K, the strategic intent is clear: to bolster Workday's position in the HR technology market by leveraging AI to improve talent acquisition and internal mobility for its clients. Investors should monitor the satisfaction of closing conditions and regulatory approvals.
Workday, Inc. 8-K Report, Executive Changes (Jan 31, 2024)
Workday, Inc. (WDAY) has filed an 8-K report detailing a significant leadership transition. Effective February 1, 2024, Aneel Bhusri will transition from Co-CEO to the role of Executive Chair, continuing his involvement with a focus on innovation and strategic direction. Carl Eschenbach will assume the position of sole Chief Executive Officer. This move is part of a previously announced succession plan and aims to ensure continuity and focus on long-term strategy under experienced leadership. In addition to the CEO transition, James Bozzini will step down as Chief Operating Officer (COO) on February 1, 2024, and will move into a new role as Executive Director of Enterprise Transformation. The company does not plan to appoint a new COO, with Bozzini's former responsibilities being absorbed by other management members. Notably, there are no immediate changes to the compensation or benefits for Mr. Bhusri or Mr. Eschenbach as a result of these transitions, and Mr. Bhusri's equity awards remain unaffected.
Workday, Inc. 8-K Report, Executive Changes (Dec 1, 2023)
Workday, Inc. (WDAY) has filed an 8-K report on November 30, 2023, detailing an amendment and restatement of its Executive Severance and Change in Control Policy. The updated policy, effective November 29, 2023, aims to provide enhanced compensation and benefits to certain senior management employees in the event of termination without Cause outside of a Change in Control (CIC) period. This provides a clearer framework for executive retention and a safety net for leadership during uncertain employment circumstances. The key changes focus on outlining specific severance packages, including cash payments, accelerated equity vesting, and COBRA continuation coverage, depending on whether the termination occurs with or without a Change in Control event. Notably, the CEO receives enhanced benefits in both scenarios. These provisions are contingent upon the execution of a separation and release agreement and ensure that eligible executives receive either the benefits under the new policy or any pre-existing superior arrangements.
Workday, Inc. 8-K Report, Financial Results (Nov 28, 2023)
Workday, Inc. (WDAY) filed an 8-K on November 28, 2023, to report its financial results for the fiscal third quarter ended October 31, 2023. The key details of these results are provided in a press release (Exhibit 99.1) attached to the filing. Investors should refer to this press release for specific financial performance metrics, including revenue, profitability, and any forward-looking guidance that may have been issued. This filing primarily serves as a vehicle to publicly disseminate the company's quarterly performance and adhere to Regulation FD disclosure requirements. Workday also notes its use of the blogs.workday.com website for ongoing disclosure of material non-public information. As is standard for 8-K filings related to earnings releases, the information provided is not considered 'filed' for the purposes of Section 18 of the Exchange Act, but it is crucial for understanding the company's recent operational and financial condition.
Workday, Inc. 8-K Report, Executive Changes (Sep 7, 2023)
Workday, Inc. (WDAY) has filed an 8-K report on September 7, 2023, announcing the immediate resignation of Lee J. Styslinger III from its Board of Directors, effective September 6, 2023. The company explicitly states that this departure is not due to any disagreements with management, the Board, or related to Workday's operations, policies, or practices. Mr. Styslinger will transition to an advisory role, indicating a continued, albeit different, relationship with the company.
Workday, Inc. 8-K Report, Financial Results (Aug 24, 2023)
Workday, Inc. (WDAY) filed an 8-K on August 24, 2023, to report its financial results for the fiscal second quarter ended July 31, 2023. The filing primarily incorporates by reference a press release announcing these results, which is attached as an exhibit. While the 8-K itself doesn't detail the financial figures, the associated press release contains the key performance indicators and commentary that investors would be interested in. Investors should refer to the press release (Exhibit 99.1) for the specific financial metrics, revenue figures, profitability, and any forward-looking guidance provided by Workday for the second quarter. The company also utilizes its blogs.workday.com website for ongoing material non-public information disclosures, which is a common practice for ensuring Regulation FD compliance.
Workday, Inc. 8-K Report, Shareholder Vote Results (Jun 26, 2023)
This 8-K filing from Workday, Inc. reports on the outcomes of its Annual Meeting of Stockholders held on June 22, 2023. The meeting saw strong participation, with approximately 97.22% of eligible votes represented, indicating significant shareholder engagement. All management-proposed proposals received substantial support, including the election of four Class II directors to the Board, the ratification of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2024, and the advisory approval of executive compensation. While the company's proposals were overwhelmingly approved, a notable outcome was the rejection of a specific stockholder proposal concerning an amendment to Workday's Bylaws. This suggests that while shareholders are largely aligned with the company's governance and financial oversight, there may be differing views on certain bylaw modifications. Investors should note the strong endorsement of the board and auditor, reinforcing confidence in the company's current leadership and financial reporting structure.
Workday, Inc. 8-K Report, Financial Results (May 25, 2023)
Workday, Inc. announced its financial results for the first quarter of fiscal year 2024, ended April 30, 2023, via a press release filed on May 25, 2023. This 8-K filing serves to incorporate by reference the details of this press release, which contains the company's performance metrics and financial condition for the reported period. Investors should refer to the attached press release (Exhibit 99.1) for comprehensive information regarding these results. While the 8-K itself is a procedural filing to announce the earnings release, the critical information lies within the press release itself. This typically includes key financial figures such as revenue, earnings per share (EPS), and potentially guidance for future periods. Workday also notes its use of its blogs.workday.com website for disclosing material non-public information, a practice compliant with Regulation FD.
Workday, Inc. 8-K Report, Executive Changes (May 25, 2023)
Workday, Inc. has announced a significant leadership change in its finance department through an 8-K filing on May 25, 2023. Effective June 12, 2023, Zane Rowe will assume the role of Chief Financial Officer (CFO), succeeding Barbara Larson. This transition marks a strategic move for Workday, bringing in Mr. Rowe, a seasoned executive with extensive experience from companies like VMware and EMC, to lead its financial operations. Ms. Larson will transition from her CFO role to an Executive Vice President position until November 1, 2023, and then serve as a consultant through July 8, 2024. This arrangement ensures continuity and knowledge transfer. The filing details Mr. Rowe's comprehensive compensation package, including a substantial base salary, signing bonus, and significant equity awards designed to align his interests with the company's long-term performance. Investors should note the terms of Mr. Rowe's employment, including potential accelerated vesting and severance provisions, as well as the structured transition plan for Ms. Larson.
Workday, Inc. 8-K Report, Executive Changes (Mar 3, 2023)
Workday, Inc. (WDAY) announced on March 3, 2023, the adoption of its new Omnibus Bonus Plan by its Compensation Committee. This plan is designed to incentivize and reward employees based on the achievement of specific company performance targets. It grants the Committee broad discretion in setting these performance goals and determining the nature of the awards, which will primarily be in cash or its equivalent.
Workday, Inc. 8-K Report, Financial Results (Feb 27, 2023)
Workday, Inc. (WDAY) announced its financial results for the fourth quarter and full fiscal year ended January 31, 2023, via a press release filed on February 27, 2023. The report primarily serves to furnish the market with these results, which are detailed in the accompanying press release (Exhibit 99.1). Investors should refer to this press release for specific financial metrics and performance details. The company also reiterated its use of its blogs.workday.com website for disclosing material non-public information, a point investors should monitor for future updates. While this 8-K filing itself does not contain detailed financial figures, it officially brings Workday's latest performance data into the public record. The filing emphasizes that the information presented is not considered 'filed' for certain regulatory purposes, which is standard for earnings release disclosures. Key insights regarding revenue, profitability, and future outlook will be found within the referenced press release.
Workday, Inc. 8-K Report, Executive Changes (Feb 27, 2023)
Workday, Inc. (WDAY) filed an 8-K on February 27, 2023, announcing significant changes to its Board of Directors and executive leadership. Notably, Mark J. Hawkins, a seasoned executive with extensive experience at Salesforce and Autodesk, has been appointed as a Class II director. His appointment brings valuable financial and technology industry expertise to Workday's board, and he will receive a $750,000 restricted stock unit grant as part of his compensation. In addition to the board changes, Workday has appointed Sayan Chakraborty as Co-President, effective immediately. This promotion follows Robynne Sisco's decision to step down as Co-President to focus on a dedicated role supporting the global sales team for the office of the CFO. Mr. Chakraborty, who has been with Workday since 2015 and previously held key leadership positions in product and technology, is expected to leverage his deep understanding of the company's offerings to drive future growth. These leadership transitions are designed to strengthen Workday's governance and operational capabilities.
Workday, Inc. 8-K Report, Corporate Update (Jan 31, 2023)
Workday, Inc. (WDAY) announced on January 31, 2023, a strategic realignment of resources that includes the elimination of roles impacting approximately 3.0% of its global workforce. This decision is framed as a proactive measure to position the company for continued growth by enabling investment in strategic areas, aligning resources with business priorities, optimizing for operational efficiency, and better meeting customer and market demands. The company emphasizes that these actions are subject to local laws and consultation requirements in each country. While this report primarily details the workforce reduction, it also serves as a notification of other events. Investors should note that the company includes forward-looking statements regarding the expected benefits and impact of these actions, but also cautions that actual results could differ materially due to various risks and uncertainties, as detailed in their previous SEC filings.
Workday, Inc. 8-K Report, Bylaw Amendment (Jan 27, 2023)
Workday, Inc. (WDAY) filed a Current Report on Form 8-K on January 27, 2023, to announce significant amendments to its bylaws. These changes, effective immediately, are largely in response to new SEC rules regarding universal proxy cards and recent updates to Delaware corporate law, alongside a periodic review of the company's governance practices. The primary focus of the amendments is to enhance and clarify the procedures for director nominations and the proposal of business at stockholder meetings. Investors should note the introduction of more stringent disclosure requirements for stockholders seeking to nominate directors or present business, including detailed information on beneficial ownership, material litigation, and relationships with Workday or its competitors. These updates aim to align Workday's governance with current regulatory expectations and best practices for robust corporate oversight.
Workday, Inc. 8-K Report, Executive Changes (Dec 20, 2022)
Workday, Inc. (WDAY) announced significant leadership changes through an 8-K filing on December 20, 2022, detailing the appointment of Carl M. Eschenbach as co-Chief Executive Officer, effective December 20, 2022. Mr. Eschenbach will serve alongside Aneel Bhusri, Workday's co-CEO, co-founder, and chair, with the expectation that Mr. Eschenbach will transition to sole CEO responsibilities by January 2024, while Mr. Bhusri will assume the role of executive chair. This transition marks a key moment in Workday's executive succession planning. Concurrently, co-CEO Luciano G. Fernandez is stepping down from his co-CEO role and his board position, effective December 20, 2022, and plans to retire from the company by April 2023. The filing also outlines Mr. Eschenbach's comprehensive compensation package, including a substantial base salary, bonus potential, and significant equity awards, which are designed to incentivize long-term performance and alignment with shareholder value. The detailed terms of his employment agreement and equity grants underscore the company's commitment to retaining and motivating key leadership through performance-based incentives.
Workday, Inc. 8-K Report, Financial Results (Nov 29, 2022)
Workday, Inc. (WDAY) filed an 8-K on November 29, 2022, to report its financial results for the fiscal third quarter ended October 31, 2022, and to announce a new share repurchase program. The company released its financial performance details via a press release, which is incorporated by reference. This provides investors with the latest operational and financial condition updates. The most significant announcement beyond the quarterly results is the authorization of a new Share Repurchase Program. Workday's Board of Directors approved the repurchase of up to $500 million of its outstanding Class A common stock over an 18-month period. This indicates management's confidence in the company's value and a potential return of capital to shareholders.
Workday, Inc. 8-K Report, Financial Results (Aug 25, 2022)
Workday, Inc. (WDAY) filed an 8-K on August 25, 2022, to report its financial results for the second quarter of fiscal year 2023, which ended on July 31, 2022. The key event is the issuance of a press release detailing these results, which is incorporated by reference into the filing. Investors should refer to the attached press release (Exhibit 99.1) for specific financial performance details and forward-looking statements. While this 8-K itself is a procedural filing and does not contain the detailed financial figures, it serves as the official notification of the release of those results. The company also noted its use of its blogs.workday.com website for disclosing material non-public information, which is a standard practice for Workday and relevant for investors monitoring the company's communications.
Workday, Inc. 8-K Report, Shareholder Vote Results (Jun 24, 2022)
Workday, Inc. (WDAY) filed an 8-K on June 24, 2022, detailing the results of its Annual Meeting of Stockholders held on June 22, 2022. The meeting saw strong participation, with approximately 96.30% of eligible votes represented, indicating significant shareholder engagement. All matters presented to the stockholders for a vote were approved, including the election of directors, ratification of the independent auditor, advisory approval of executive compensation, adoption of a new equity incentive plan, and approval of an amended employee stock purchase plan. Key outcomes from the meeting include the election of four Class I directors, the continued appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2023, and overwhelmingly positive advisory support for the compensation of named executive officers. Furthermore, shareholders approved the 2022 Equity Incentive Plan, which replaces the previous 2012 plan, and the Amended and Restated 2012 Employee Stock Purchase Plan. These approvals suggest shareholder confidence in the company's governance, executive compensation practices, and long-term incentive and equity strategies.
Workday, Inc. 8-K Report, Executive Changes (Jun 22, 2022)
Workday, Inc. (WDAY) filed an 8-K on June 22, 2022, to announce a significant addition to its Board of Directors. The company appointed Dr. Wayne A. I. Frederick as a Class II director, effective immediately. Dr. Frederick brings a wealth of experience, notably his current role as President of Howard University, which offers deep insights into business administration, leadership, and the healthcare industry. This appointment is accompanied by a substantial equity grant, reflecting the company's strategy to align director compensation with shareholder value. Investors should note the initial $750,000 restricted stock unit grant with staggered vesting, alongside an annual grant of $320,000. While Dr. Frederick's directorship is independent, the filing also discloses that Howard University is a Workday customer, with transactions conducted on an arm's-length basis, a common disclosure for director-related party transactions.
Workday, Inc. 8-K Report, Financial Results (May 26, 2022)
Workday, Inc. (WDAY) announced its financial results for the first quarter of fiscal year 2023, ending April 30, 2022, via a press release filed on May 26, 2022. This 8-K filing primarily serves to furnish this press release, which contains the company's performance details. Investors should refer to the attached Exhibit 99.1 for the comprehensive financial results, including revenue, profitability, and guidance. While the 8-K itself does not detail the financial figures, it confirms the public release of this information. The company also reiterates its use of its blogs.workday.com website for disclosing material non-public information, a practice relevant for investors monitoring company updates. It's important to note that the information furnished in this report and its exhibit are not considered "filed" for certain regulatory purposes, meaning they do not carry the same legal implications as a formally filed document under Section 18 of the Exchange Act.
Workday, Inc. 8-K Report, Material Agreement (Apr 7, 2022)
Workday, Inc. (WDAY) has announced the execution of a new Credit Agreement, replacing its previous one dated April 2, 2020. This new agreement establishes a revolving credit facility with an aggregate principal amount of $1.0 billion, an increase from the previous $750 million revolving facility. Notably, Workday prepaid $693.75 million of its term loan and terminated the prior revolving credit facility concurrently with entering into the new agreement. The new facility matures on April 6, 2027, offering flexibility with options for extending the maturity date and allowing for penalty-free prepayment of loans and reduction of commitments.