secwatch.observer — SEC 8-K summary
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Issuer:     Workday, Inc. (WDAY)
CIK:        0001327811
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001327811-23-000204
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Workday adopts new Executive Severance and Change in Control Policy adding non-CIC severance
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- New policy adds severance for termination without cause outside a Change in Control period (Non-CIC Qualifying Termination).
- CEO receives 1x salary plus 1x target bonus, 12-month equity acceleration, and COBRA premiums in a Non-CIC termination.
- Other Section 16 Officers receive 1x salary, pro-rata bonus, 12-month equity acceleration, and COBRA premiums.
- Within a CIC period, CEO gets 2x salary plus 2x bonus, 100% equity acceleration, and 24 months of COBRA.
- Policy replaces prior Change in Control Policy, effective November 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000204/0001327811-23-000204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1327811/000132781123000204/wday-20231130.htm
  HTML page:      https://secwatch.observer/filing/0001327811-23-000204

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