secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001327811-23-000079
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 Zane Rowe as CFO effective June 12, 2023; Barbara Larson to transition out
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- Zane Rowe, former VMware CFO (and interim CEO), appointed Workday CFO effective June 12, 2023.
- Rowe receives $700k base salary, $2M signing bonus, and $36M in equity awards (RSU + sign-on) with 2-4 year vesting.
- Current CFO Barbara Larson steps down June 12, remains EVP through Nov 1, 2023, then consultant through July 8, 2024.
- Larson forfeits a restricted stock award of 51,258 shares granted in 2023 as part of transition agreement.
- Larson's existing equity continues to vest during transition and consulting periods.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000079/0001327811-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000079/wday-20230519.htm
  HTML page:      https://secwatch.observer/filing/0001327811-23-000079

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