secwatch.observer — SEC 8-K summary
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Issuer:     Snowflake Inc. (SNOW)
CIK:        0001640147
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001640147-23-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Snowflake appoints ex-Palo Alto Networks CEO Mark McLaughlin to board; Eschenbach resigns
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- Carl Eschenbach resigned as director and committee member; not due to any disagreement with Snowflake.
- Mark McLaughlin, ex-Palo Alto Networks CEO and Qualcomm chairman, appointed to board and Compensation Committee.
- Eschenbach enters advisor agreement; receives $75k RSU vesting over one year; outstanding Annual RSU continues to vest.
- Amended director compensation policy: initial RSU of $1M, annual RSU of $300k, and updated cash retainers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1640147/000164014723000044/0001640147-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1640147/000164014723000044/snow-20230405.htm
  HTML page:      https://secwatch.observer/filing/0001640147-23-000044

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