---
schema_version: "secwatch.filing_event.v1"
accession: "0001505952-22-000021"
form_type: "8-K"
ticker: "DOMO"
cik: "0001505952"
company_name: "DOMO, INC."
filed_at: "2022-07-15T23:59:59+00:00"
generated_at: "2026-06-24T14:03:55.421745+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001505952-22-000021
- form_type: 8-K
- ticker: DOMO
- cik: 0001505952
- company_name: DOMO, INC.
- filed_at: 2022-07-15T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505952/000150595222000021/0001505952-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505952/000150595222000021/domo8k-20220613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505952-22-000021
- JSON: https://secwatch.observer/filing/0001505952-22-000021.json
- Plain text: https://secwatch.observer/filing/0001505952-22-000021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.