secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001193125-23-113052
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Extreme Networks appoints Kevin Rhodes as CFO, effective May 30, 2023; interim CFO Tate steps down
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- Cristina Tate ends interim CFO role on May 30, 2023, returns to SVP Financial Planning & Analysis.
- Kevin Rhodes, former CFO of Duck Creek Technologies, named CFO and principal accounting officer.
- Rhodes receives $500k base salary, $250k sign-on bonus, and 47,500 sign-on RSUs vesting Dec 30, 2023.
- New hire equity grants: 142,250 time-vesting RSUs (3-year vest) and 189,750 PSUs tied to Russell 2000 TSR.
- Severance terms: 12 months' base salary plus $17k lump sum; enhanced change-in-control benefits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000119312523113052/0001193125-23-113052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000119312523113052/d498063d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-113052

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