Domo settles derivative suit over CEO compensation; to amend compensation committee charter

DOMO, INC.

Settlement with stockholder plaintiff resolves claims over CEO compensation granted in 2020-2021; no admission of wrongdoing.
Domo agrees to amend Compensation Committee charter to require at least three members and enhance procedures (advance materials, consultant report, annual evaluation).
Domo responsible for attorney fees up to $225,000 plus $1,000 incentive award to plaintiff; court approval required.
Upon court approval, all claims dismissed and governance reforms implemented to prevent recurrence.

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