Company: NCNO
Filing Date: 2025-02-10
Form Type: 8-K
Source: 0001902733-25-000014
Chunk: 2

Company: nCino, Inc.
Filing Date: 2025-02-10
Form: 8-K
Item: Item 5.02
Chunk 2
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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.

On February 9, 2025, the Board increased the size of the Board from nine (9) to ten (10) directors and appointed Justin Nyweide to the Board, effective upon the execution and delivery of the Cooperation Agreement. Justin Nyweide will serve as a Class II director with a term expiring at the 2025 Annual Meeting and will be appointed to the Audit Committee of the Board.

Justin Nyweide is deemed to qualify as independent under the director independent standards set forth in the rules and regulations of the U. S. Securities and Exchange Commission (the "SEC") and applicable Nasdaq listing standards.

Justin Nyweide, 45, is a Founding Partner and the Chief Investment Officer of HMI Capital. He serves on HMI's Investment and Management Committees. Previously, Justin Nyweide served as a Principal at KKR, within their credit-focused investment affiliate based in San Francisco. Prior to KKR, Justin Nyweide worked at GTCR, a private equity firm based in Chicago. He began his career in investment banking after graduating with honors from Harvard University. He currently serves on several education-based non-profit boards.

Except for the Cooperation Agreement, there is no arrangement or understanding between the Company and Justin Nyweide pursuant to which he was appointed to the Board, and there have been no related party transactions between the Company and Justin Nyweide that would be reportable under Item 404(a) of Regulation S-K. Justin Nyweide will receive compensation consistent with the Company’s compensation program for non-employee directors, as described in the Company’s Form 10-K, filed with the SEC on March 26, 2024.

Justin Nyweide is entitled to cash and equity compensation for service on the Board in accordance with the Company’s non-employee director compensation policy. Justin Nyweide will also enter into the Company’s standard form of indemnification agreement, which has been previously filed with the SEC.

The disclosure set forth in Item 1.01 above is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.