secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001477333-23-000003
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudflare appoints Janel Riley as VP Finance/CAO; Paul Underwood to step down
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- Janel Riley will join as VP Finance effective May 1, 2023, and become CAO on June 1, 2023.
- Paul Underwood will step down as VP, Head of Finance & CAO but remain CAO until June 1, 2023.
- Riley will receive $400,000 base salary, $7.5M RSUs (4-year vest), $500K RSUs (1-year), and 100K performance stock options.
- Riley previously served as a Partner at KPMG and was lead audit engagement partner for Cloudflare.
- Compensation details subject to Board/Compensation Committee approval under 2019 Equity Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733323000003/0001477333-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733323000003/cloud-20230125.htm
  HTML page:      https://secwatch.observer/filing/0001477333-23-000003

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