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Form 8-K · Current Report · Filed 2025-06-13

Zscaler Announces CFO Transition Terms

On June 9, 2025, Zscaler, Inc. announced the terms of the Transition Agreement with Remo Canessa, who is retiring as the Chief Financial Officer. During the transition period ending on December 31, 2025, Canessa will continue to receive his salary, bonus, equity vesting, and benefits. Following the transition period, he will receive a $750,000 lump sum payment and accelerated vesting of 28,774 shares of restricted stock units.

Filer
Zscaler Inc. ZS · NASDAQ
Filed
Accession
0001713683-25-000103
CIK
0001713683
Signal
High impactTechnology

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

CEO Resignation Executive Compensation Detail

Market reaction

Close before filing

$301.43

Next session

+1.2%

Since filing

-49.8%

Latest close

$151.20

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ZS reporting the same item, with the next session's move:

About Zscaler Inc.

Zscaler Inc. is a pioneering entity in the cybersecurity sector, primarily offering cloud-based information security services. The company specializes in providing secure internet access and private application access using its Zero Trust Exchange platform, which essentially replaces traditional network security architectures with a model built for the cloud era. Zscaler caters to businesses aiming to protect their digital assets by enabling secure, fast, and reliable connections for mobile workforce, IoT, and partner ecosystems. Its platform helps organizations reduce complexity, lower costs, and enhance security by inspecting all internet traffic through its distributed worldwide data centers. As the global shift towards remote work and cloud computing accelerates, Zscaler plays a critical role in ensuring organizational agility and safeguarding data against evolving cyber threats, thereby positioning itself as a crucial player in the technology sector and an influential component of the cybersecurity market.

Exchange NASDAQ Industry Software - Infrastructure Company website ↗

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