Business Context and Reporting Period
This Form 8-K is a current report filed by Zscaler, Inc. on September 12, 2019. The filing addresses Item 5.02 regarding the approval of fiscal year 2020 cash compensation terms for specific named executive officers by the Compensation Committee of the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on executive compensation adjustments.
Material Changes
The primary material change reported is the adjustment of base salaries and target bonuses for four named executive officers, effective August 1, 2019 (the first day of Fiscal 2020). The approved compensation terms are as follows:
- Remo Canessa (Chief Financial Officer): Base Salary $350,000; Target Bonus $250,000.
- Amit Sinha (President of R&D, Operations and Customer Service, CTO): Base Salary $350,000; Target Bonus $250,000.
- Manoj Apte (Chief Strategy Officer): Base Salary $325,000; Target Bonus $175,000.
- Robert Schlossman (Chief Legal Officer): Base Salary $315,000; Target Bonus $150,000.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for financial guidance, outlook, management commentary on operations, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the effective date of the compensation changes (August 1, 2019).
- Confirm the specific roles and titles of the named executive officers receiving compensation adjustments.
- Review the company's most recent 10-Q or 10-K for broader financial performance metrics not included in this 8-K.