secwatch.observer — SEC 8-K summary
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Issuer:     Elastic N.V. (ESTC)
CIK:        0001707753
Form:       8-K
Filed at:   2022-01-12T23:59:59+00:00
Accession:  0001193125-22-007747
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Elastic promotes Ashutosh Kulkarni to CEO; founder Shay Banon becomes CTO; Q3 guidance raised
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- Founder Shay Banon transitions from CEO to CTO effective Jan 11, 2022; remains on Board.
- Ashutosh Kulkarni promoted to CEO (from CPO); base salary $600k, equity ~$12M; nomination to Board pending vote.
- Paul Appleby steps down as President, Worldwide Field Operations; will leave Elastic on a mutually agreed date.
- Elastic expects to exceed Q3 FY2022 guidance for revenue, non-GAAP operating margin, and non-GAAP net loss per share.
- Chetan Puttagunta appointed Chairman of the Board following Banon's resignation from that role.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1707753/000119312522007747/0001193125-22-007747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1707753/000119312522007747/d283435d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-007747

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