Form 8-K · Current Report · Filed 2024-06-25
GitLab Inc. Amends Severance Plan for Executive Officers
On June 22, 2024, GitLab Inc.'s board of directors adopted amendments to the Company's existing Severance Plan, affecting certain team members including named executive officers.
- Filer
- GitLab Inc. GTLB · NASDAQ
- Filed
- Accession
- 0001628280-24-029928
- CIK
- 0001653482
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Details
The amendments clarify that equity awards may not be subject to cancellation without consideration in connection with a Corporate Transaction. A copy of the amended Plan is attached as Exhibit 10.1.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Financial Statements and Exhibits
Market reaction
Close before filing
$44.10
Next session
+10.1%
Since filing
+12.4%
Latest close
$49.58
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from GTLB reporting the same item, with the next session's move:
Exhibits (1)
About GitLab Inc.
GitLab Inc., a leading technology company, focuses on providing a comprehensive DevOps platform to streamline software development and operations. The company enables teams to collaborate more efficiently by integrating various stages of the software development lifecycle into a single application, covering everything from project planning to code management and monitoring. GitLab’s platform significantly enhances workflow efficiency across different sectors, especially in technology, telecom, and financial services, where software development is crucial. Offering both open-source and enterprise solutions, GitLab supports a range of users from individual developers to large-scale organizations. As the demand for digital transformation rises, GitLab plays a pivotal role in the market by helping organizations to accelerate their software delivery processes while maintaining high standards of quality and security. The company operates on a global scale, fostering innovation with a remote-first workforce spread across multiple countries.
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