secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001104659-22-128643
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workday appoints Carl Eschenbach as co-CEO; Fernandez steps down; reaffirms guidance
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- Carl Eschenbach appointed co-CEO effective Dec 20, 2022; expected to become sole CEO in Jan 2024.
- Chano Fernandez resigns as co-CEO and board member; will remain through April 2023 transition.
- Eschenbach receives $1M salary, 150% target bonus, and equity awards totaling $65M (RSUs and performance awards).
- Reaffirms Q4 FY2023 guidance and preliminary FY2024 outlook provided Nov 29, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000110465922128643/0001104659-22-128643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000110465922128643/tm2233055d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-128643

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