Rackspace appoints new director, chairman; President of Private Cloud departs; reaffirms Q4 guidance

Rackspace Technology, Inc.

Vikram Mahidhar (Apollo Operating Partner) appointed to Board; David Sambur and Susan Arthur resigned.
Jeffrey Benjamin named Independent Chairman; board size reduced from 11 to 10.
Brian Lillie steps down as President of Private Cloud; CEO Amar Maletira assumes interim leadership.
Lillie to receive $1.3M severance, bonus, COBRA; to remain advisor until April 5, 2025.
Company reaffirms Q4 2024 guidance and reports record quarterly sales bookings.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Vikram Mahidhar

director

RXT · Rackspace Technology, Inc.

Effective: 2025-01-15
Filed: January 17, 2025, 6:59 PM ET

appointed Mr. Vikram Mahidhar as a director of the Company.

Departed

David Sambur

director

RXT · Rackspace Technology, Inc.

Effective: 2025-01-15
Filed: January 17, 2025, 6:59 PM ET

Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).

Departed

Susan Arthur

director

RXT · Rackspace Technology, Inc.

Effective: 2025-01-15
Filed: January 17, 2025, 6:59 PM ET

Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Vikram Mahidhar was appointed as director at Rackspace Technology, Inc..

Action: appointed
Role: director

Exact text from the filing

appointed Mr. Vikram Mahidhar as a director of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Sambur resigned as director at Rackspace Technology, Inc..

Action: resigned
Role: director

Exact text from the filing

Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Susan Arthur resigned as director at Rackspace Technology, Inc..

Action: resigned
Role: director

Exact text from the filing

Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).

View on SEC.gov

Rackspace Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001810019-25-000003

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