GoDaddy Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by GoDaddy Inc. on February 2, 2018, covering events reported as of January 30, 2018. The filing addresses changes to the composition of the Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Resignation: Richard H. Kimball resigned as a member of the Board of Directors, effective February 1, 2018.
- Appointment: Mark Garrett was appointed to the Board to fill the vacancy created by Mr. Kimball's resignation, effective February 1, 2018.
- Committee Assignment: Mr. Garrett was appointed to the Audit Committee, replacing Brian Sharples.
- Term: Mr. Garrett's term expires at the annual meeting of stockholders in 2020.
Compensation and Governance Details
In connection with his election, Mr. Garrett received an equity award of 3,927 shares of Class A common stock. This award vests on the day prior to his one-year anniversary, contingent upon continued service. He is also entitled to standard cash and equity compensation under the Outside Director Compensation Policy and executed a standard indemnification agreement.
Key Facts for Investor Verification
- Confirm the effective date of Richard H. Kimball's resignation (February 1, 2018).
- Verify Mark Garrett's appointment to the Board and Audit Committee.
- Note the specific equity grant of 3,927 shares and its one-year vesting schedule.
- Review the absence of any disclosed family relationships or undisclosed transactions involving Mr. Garrett.