secwatch.observer — SEC 8-K summary
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Issuer:     SolarWinds Corp (—)
CIK:        0001739942
Form:       8-K
Filed at:   2024-06-10T23:59:59+00:00
Accession:  0001739942-24-000083
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SolarWinds appoints Lewis Black as CFO, succeeding J. Barton Kalsu effective August 15, 2024
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- Lewis Black appointed EVP, CFO and Treasurer effective on/about Aug 15, 2024 after Form 10-Q filing.
- Black brings 25+ years experience; previously CEO/CFO of Actian, CFO of Nexmo/Vonage, leadership at Citrix, AT&T.
- J. Barton Kalsu resigned June 6 to explore other opportunities; will serve as CFO through Aug 15 and 90-day advisor.
- Black's compensation: $450K base, 80% target bonus, $5M sign-on RSU (25% yr1 cliff then quarterly), $250K relocation.
- Kalsu receives $880K transition bonus, health/dental reimbursement up to 12 months, continued equity vesting during transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000083/0001739942-24-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739942/000173994224000083/swi-20240606.htm
  HTML page:      https://secwatch.observer/filing/0001739942-24-000083

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