Business Context and Reporting Period
This Form 8-K Current Report was filed by GoDaddy Inc. on December 4, 2019. The filing discloses a change in the Company's principal accounting officer effective December 4, 2019.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
Material Changes
- Appointment: Nick Daddario was appointed as Chief Accounting Officer and principal accounting officer, effective December 4, 2019.
- Departure: Ray Winborne ceased serving as principal accounting officer but continues as Chief Financial Officer and principal financial officer.
Management Commentary and Compensation Details
Mr. Daddario's compensation package includes the following components:
- Base Salary: $285,000 annually.
- Signing Bonus: $40,000.
- Cash Incentive: Target of 40% of base salary, pro-rated for fiscal 2019.
- Equity Awards (Aggregate Value: $600,000):
- Stock Options: 8,604 shares valued at $200,040. Vesting begins 30% on October 14, 2020, followed by quarterly tranches.
- Restricted Stock Units (RSUs): 6,156 shares valued at $399,960. Vesting begins 30% on November 1, 2020, followed by quarterly tranches.
Mr. Daddario brings prior experience as Vice President, Controller for Harvest Health & Recreation Inc. and extensive tenure with Marriott International and Starwood Hotels.
Investor Verification Checklist
- Verify the vesting schedule and performance conditions for the $600,000 equity grant.
- Confirm the transition timeline between the outgoing and incoming principal accounting officers.
- Review the Company's 2015 Equity Incentive Plan terms referenced in the filing.
- Check for any subsequent filings regarding Mr. Daddario's tenure or performance.