home · filing · 0001640147-24-000033
8-K filed February 28, 2024, 6:59 PM ET
ticker SNOW
CIK 0001640147
leadership
confidence high
sentiment neutral
materiality 0.75
Snowflake CEO Frank Slootman retires; Sridhar Ramaswamy appointed successor
Snowflake Inc.
Frank Slootman retired as CEO effective Feb 27, 2024; remains Chairman of the board.
Sridhar Ramaswamy, previously SVP of AI, appointed as new CEO and Class III director.
Ramaswamy receives $75M stock option (5-year monthly vest, 1-year holding requirement after exercise).
Performance-based restricted stock award valued at $20M; additional RSU valued at $5M contingent on personal stock purchase of $5M.
Annual base salary $750,000 with target bonus of 100% of salary.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Appointed
Sridhar Ramaswamy
Class III Director
Effective 2024-02-27
Filed February 28, 2024, 6:59 PM ET
and Mr. Ramaswamy will serve as a Class III member of the Board.
Appointed
Sridhar Ramaswamy
Chief Executive Officer
Effective 2024-02-27
Filed February 28, 2024, 6:59 PM ET
and Sridhar Ramaswamy was appointed to succeed Mr. Slootman as the Company's new Chief Executive Officer.
Role change
Frank Slootman
Chief Executive Officer
Effective 2024-02-27
Successor Sridhar Ramaswamy
Filed February 28, 2024, 6:59 PM ET
Effective February 27, 2024, Frank Slootman retired as Chief Executive Officer of Snowflake Inc.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sridhar Ramaswamy was appointed as Class III Director at Snowflake Inc..
Action appointed
Role Class III Director
Exact text from the filing
and Mr. Ramaswamy will serve as a Class III member of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sridhar Ramaswamy was appointed as Chief Executive Officer at Snowflake Inc..
Action appointed
Role Chief Executive Officer
Exact text from the filing
and Sridhar Ramaswamy was appointed to succeed Mr. Slootman as the Company's new Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Frank Slootman retired as Chief Executive Officer at Snowflake Inc..
Action retired
Role Chief Executive Officer
Exact text from the filing
Effective February 27, 2024, Frank Slootman retired as Chief Executive Officer of Snowflake Inc.
View on SEC.gov
Source: SEC EDGAR
accession 0001640147-24-000033
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