secwatch.observer — SEC 8-K summary
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Issuer:     Cloudflare, Inc. (NET)
CIK:        0001477333
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001477333-24-000062
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cloudflare adopts 2024 Key Executive Change in Control and Severance Policy effective Sept 13, 2024
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- Named executive officers eligible for severance: 6 months base salary + 12 months COBRA for non-CIC termination.
- For CIC-related termination: 12 months base salary, prorated target bonus, 100% time-based equity vesting, 12 months COBRA.
- Policy effective Sept 13, 2024; no tax gross-ups; subject to clawback policy.
- Policy automatically terminates 5 years from effective date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477333/000147733324000062/0001477333-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477333/000147733324000062/cloud-20240717.htm
  HTML page:      https://secwatch.observer/filing/0001477333-24-000062

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