secwatch.observer — SEC 8-K summary
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Issuer:     ADOBE INC. (ADBE)
CIK:        0000796343
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0000796343-21-000213
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adobe appoints Dan Durn as EVP and CFO, effective Oct 18, 2021; John Murphy retires
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- Dan Durn appointed CFO; base salary $850,000, target bonus 100% of base, sign-on bonus $6.2M in two installments.
- Durn receives 46,039 RSUs vesting quarterly over three years under 2019 Equity Incentive Plan.
- Durn joins from Applied Materials (CFO since 2017); previously NXP, Freescale, GlobalFoundries, and Goldman Sachs.
- John Murphy, who announced retirement earlier this year, will step down from CFO role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796343/000079634321000213/0000796343-21-000213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796343/000079634321000213/adbe-20210929.htm
  HTML page:      https://secwatch.observer/filing/0000796343-21-000213

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer