ServiceNow Inc.
ServiceNow Updates CEO Employment Agreement and Severance Policy
Summary
On December 23, 2025, ServiceNow, Inc. announced an amendment to the employment agreement of William R. McDermott, its Chairman and CEO, effective January 1, 2026. The amendment outlines his potential roles and corresponding compensation structure through at least December 31, 2030. Additionally, the company updated its Executive Severance Policy to detail severance benefits available to the CEO under various termination scenarios, including change in control, non-change in control terminations, retirement, death, and disability. The full texts of the amended employment agreement and the updated severance policy are furnished as exhibits to this report.
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About ServiceNow Inc.
ServiceNow Inc. is a leading enterprise cloud computing platform that specializes in digital workflow automation. Its primary function is to provide a comprehensive suite of cloud-based solutions that help organizations manage and structure their IT service management (ITSM), IT operations, customer service, HR service delivery, and other crucial business functions. Notable features of ServiceNow include its ability to integrate various business processes, enhancing efficiency, reducing costs, and improving service delivery across IT and other operational sectors. Serving industries such as finance, healthcare, telecommunications, and government, ServiceNow has a significant impact on how organizations modernize and automate their internal processes. With an emphasis on innovation, ServiceNow's platform enables businesses to increase productivity by streamlining operations and leveraging data analytics. Recognized as a transformative force in the IT service management sector, ServiceNow continues to lead digital transformation initiatives for enterprises worldwide, reinforcing its essential role in the cloud-based solutions market.
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