Company: NET
Filing Date: 2025-03-27
Form Type: 8-K
Source: 0001477333-25-000054
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Company: Cloudflare, Inc.
Filing Date: 2025-03-27
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Director

On March 25, 2025, Maria Eitel, a Class II director of the Board of Directors (the “ Board”) of Cloudflare, Inc. (the “ Company”) and chair of the Nominating and Corporate Governance Committee of the Board (the “ Nominating Committee”), notified the Company of her resignation from the Board, effective as of March 27, 2025. Ms. Eitel’s resignation from the Board was not based on any disagreement with the Company regarding its operations, policies, or practices. The Company appreciates Ms. Eitel’s service as a director.

Election of New Directors

Effective immediately after the effectiveness of Ms. Eitel’s resignation, the Board increased the size of the Board to nine members and appointed Stacey Cunningham, Karim Lakhani, and John Graham-Cumming to serve as members of the Board. Ms. Cunningham will serve as a Class III director with a term expiring at the Company’s 2025 annual meeting of stockholders, Dr. Lakhani will serve as a Class I director with a term expiring at the Company’s 2026 annual meeting of stockholders, and Dr. Graham-Cumming will serve as a Class II director with a term expiring at the Company’s 2027 annual meeting of stockholders. Each of Ms. Cunningham and Dr. Lakhani have also been appointed to serve on the Nominating Committee. The Board has determined that Ms. Cunningham and Dr. Lakhani are each independent under the rules of the New York Stock Exchange and the rules and regulations of the U. S. Securities Exchange Act of 1934, as amended (the “ Exchange Act”).

Ms. Cunningham, age 50, has served as Operating Partner of Advent International, a global private equity company, since October 2022. From May 2018 to January 2022, Ms. Cunningham served as President of NYSE Group, which includes the New York Stock Exchange, and as the New York Stock Exchange’s Chief Operating Officer from June 2015 until May 2018. Ms. Cunningham currently serves on the board of directors of the New York Stock Exchange. She holds a B. S. in Industrial Engineering from Lehigh University. There is no arrangement or understanding between Ms. Cunningham and any other persons pursuant to