secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2023-03-03T23:59:59+00:00
Accession:  0001327811-23-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workday adopts Omnibus Bonus Plan to motivate and reward employees
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- Plan adopted March 3, 2023 by Compensation Committee; effective immediately.
- Authorizes cash or equity awards based on performance goals (e.g., revenue, earnings, stock price).
- Eligibility: regular employees of Workday or subsidiaries; excludes contractors and temporary workers.
- Committee may adjust awards up or down based on company/individual performance.
- Awards subject to clawback policy and compliance with Section 409A.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000030/0001327811-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000030/wday-20230303.htm
  HTML page:      https://secwatch.observer/filing/0001327811-23-000030

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