Form 8-K/A · Current Report · Filed 2024-12-13
Elastic Appoints Eric Prengel as Interim Chief Financial Officer
Elastic N.V. announced the appointment of Eric Prengel as interim Chief Financial Officer, effective December 14, 2024. Prengel will receive an annual base salary of $475,000, an annual target cash incentive payment equal to 40% of his base salary, and an equity award of restricted stock units with an approximate grant date fair value of $2,000,000. His appointment includes standard change in control and severance agreements and an indemnification agreement.
- Filer
- Elastic N.V. ESTC · NYSE
- Filed
- Accession
- 0001707753-24-000051
- CIK
- 0001707753
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$107.26
Next session
-2.5%
Since filing
-9.1%
Latest close
$97.55
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ESTC reporting the same item, with the next session's move:
About Elastic N.V.
Elastic N.V. is a prominent company that specializes in the development of search-powered solutions for various user applications and industries. The core purpose of the company is to enhance data search and management through its widely acclaimed Elasticsearch platform, which serves as the backbone for its suite of products including Kibana, Beats, and Logstash. These tools enable users to ingest, visualize, and analyze large volumes of data in real-time, making them indispensable in fields like cybersecurity, IT operations, and business analytics. Elastic N.V. plays a significant role in the technological ecosystem by providing essential search and analytical capabilities to enterprises, thereby facilitating improved operational efficiencies and decision-making processes. Founded in 2012 and headquartered in the Netherlands, the company integrates its services within cloud infrastructure, promoting scalability and adaption to a wide array of customer needs across different market segments. Elastic's contributions to data-centric applications underscore its importance in the digital transformation landscape.
Never miss another ESTC filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.