secwatch.observer — SEC 8-K summary
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Issuer:     DOMO, INC. (DOMO)
CIK:        0001505952
Form:       8-K
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001505952-23-000026
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Domo formalizes separation with ex-CEO John Mellor; $875K severance, advisory role through Sep 2024
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- John Mellor resigned as CEO and board member effective March 3, 2023; will serve as advisor through September 30, 2024.
- Severance of $875,000 (base salary + target bonus) payable over 12 monthly installments plus COBRA premiums for up to 12 months.
- Outstanding equity awards continue to vest during advisory period, ceasing on Sep 30, 2024; unvested portion forfeited.
- Mellor provides a general release of claims and remains subject to confidentiality and non-solicitation obligations.
- Mellor must cooperate with company on transition and litigation; indemnification rights are preserved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505952/000150595223000026/0001505952-23-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505952/000150595223000026/domo8k-20230328.htm
  HTML page:      https://secwatch.observer/filing/0001505952-23-000026

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