---
schema_version: "secwatch.filing_event.v1"
accession: "0001065280-22-000444"
form_type: "8-K"
ticker: "NFLX"
cik: "0001065280"
company_name: "NETFLIX INC"
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:37:34.601021+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Netflix amends Performance Bonus Plan, removes 162(m) limits, adds prorated payout on involuntary termination

## Summary
- Eliminated maximum award amount and references to Section 162(m) of the Internal Revenue Code.
- Provides prorated bonus for involuntary termination (other than for Cause) during a Performance Period.
- Grants Compensation Committee discretion on payment timing and ability to amend the Plan.
- Awards subject to any applicable clawback or recoupment policies.
- Allows Committee to set performance goals including revenue, subscriber metrics, profit, cash flow, stock price, etc.

## SEC filing metadata
- accession: 0001065280-22-000444
- form_type: 8-K
- ticker: NFLX
- cik: 0001065280
- company_name: NETFLIX INC
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1065280/000106528022000444/0001065280-22-000444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1065280/000106528022000444/nflx-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001065280-22-000444
- JSON: https://secwatch.observer/filing/0001065280-22-000444.json
- Plain text: https://secwatch.observer/filing/0001065280-22-000444.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.