Business Context and Reporting Period
This Form 8-K filing by Veeva Systems Inc. reports corporate governance events occurring on December 16, 2015. The company is incorporated in Delaware and headquartered in Pleasanton, California.
Key Financial Metrics
This filing does not contain operational financial data such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial figures disclosed relate to director compensation:
- Initial Cash Retainer: $25,000
- Restricted Stock Units (RSUs): 3,097 units valued at approximately $87,500 on the grant date.
Material Changes
The primary material change reported is the appointment of Paul Chamberlain to the Board of Directors and the Audit Committee, effective immediately. Additionally, the Board approved changes to the membership of its standing committees.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, risk factors, or discussion of contingencies. It is strictly a disclosure of personnel changes and committee assignments.
Investor Verification Checklist
- Verify the vesting schedule for the 3,097 RSUs granted to Paul Chamberlain (quarterly over six months).
- Confirm the updated composition of the Audit, Compensation, and Nominating and Governance committees.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.