# EDGAR Filing Document

**Accession Number:** 0001327811
**File Stem:** 0001327811-23-000023
**Filing Date:** 2023-2
**Character Count:** 14992
**Document Hash:** 32ffad100ef59a7c080b5345c129c8fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001327811-23-000023.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001327811-23-000023

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230223

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Workday, Inc.
- **CENTRAL INDEX KEY:** 0001327811
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 202480422
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35680
- **FILM NUMBER:** 23674815

**BUSINESS ADDRESS:**
- **STREET 1:** 6110 STONERIDGE MALL ROAD
- **CITY:** PLEASANTON
- **STATE:** CA
- **ZIP:** 94588
- **BUSINESS PHONE:** 925-951-9000

**MAIL ADDRESS:**
- **STREET 1:** 6110 STONERIDGE MALL ROAD
- **CITY:** PLEASANTON
- **STATE:** CA
- **ZIP:** 94588

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Workday Inc
- **DATE OF NAME CHANGE:** 20050519

?xml version="1.0" ? wday-20230223

    

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

 

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (date of earliest event reported): February 23, 2023**

 

**WORKDAY, INC.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35680** | **20-2480422** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(I.R.S. Employer<br>Identification No.)** |

---

**6110 Stoneridge Mall Road**

**Pleasanton, California 94588**

**(Address of principal executive offices)**

**Registrant's telephone number, including area code: (925) 951-9000**

**N/A**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| **Class A Common Stock, par value $0.001** | **WDAY** | **The Nasdaq Stock Market LLC** |
|  |  | **(Nasdaq Global Select Market)** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    

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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 and effective February 23, 2023, the Board of Directors (the "Board") of Workday, Inc. ("Workday") appointed Mark J. Hawkins as a Class II director, the class of directors that will next stand for election at Workday's 2023 Annual Meeting of Stockholders. Mr. Hawkins served as President and CFO Emeritus of Salesforce.com, Inc., a software company, from February 2021 to November 2021, President and Chief Financial Officer from August 2017 to February 2021, and the Executive Vice President and Chief Financial Officer from August 2014 to 2017. Prior to that, he served as Chief Financial Officer and Executive Vice President of Autodesk, Inc., a design software and services company, Chief Financial Officer and Senior Vice President of Finance & IT at Logitech International S.A., a global hardware company, and held various positions at Dell and Hewlett-Packard. Mr. Hawkins has served as a director of SecureWorks Inc. since April 2016, Toast, Inc. since April 2020, and Cloudflare, Inc. since June 2022. He currently serves as a director of various privately held companies. Mr. Hawkins received a bachelor's degree from Michigan State University and a master's degree in business administration from the University of Colorado. He brings to our Board extensive experience as an officer and director of publicly traded software and technology companies and financial expertise in the technology industry.

In connection with his election to the Board, Mr. Hawkins will receive a one-time grant of restricted stock units in the amount of $750,000, one-fourth of which will vest on March 5, 2024, and the balance of which will vest in equal quarterly installments over the following twelve quarters, assuming continuous service through the applicable vesting dates. Workday has entered into its standard form of indemnification agreement with Mr. Hawkins. Mr. Hawkins has not yet been named to serve on any committee of the Board, and there are no arrangements or understandings between Mr. Hawkins and any other persons pursuant to which he was elected as a director. The Board has determined that Mr. Hawkins is independent in accordance with the applicable rules of the Nasdaq Stock Market. There are no transactions between Mr. Hawkins and Workday that would require disclosure under Item 404(a) of Regulation S-K.

On February 23, 2023, Robynne Sisco notified Workday of her intention to step down from her position as Co-President of Workday, effective immediately. On the same day, the Board appointed Sayan Chakraborty as Co-President, effective immediately, to serve alongside Doug Robinson as Co-President. Ms. Sisco will assume the role of Vice Chair, dedicating her focus to supporting Workday's global sales team for the office of the CFO.

Mr. Chakraborty, 55, joined Workday in 2015 through its acquisition of GridCraft, Inc. and has served as Executive Vice President, Product and Technology since October 2021. Since joining Workday, Mr. Chakraborty has served in a variety of leadership roles within our technology and product organization, including Executive Vice President, Technology from December 2019 to October 2021, Senior Vice President of Technology from November 2017 to December 2019, and Vice President, Software Development from May 2015 to November 2017. Prior to joining Workday, he co-founded Gridcraft, Inc., a data analysis company, in 2013 and served as its Chief Operating Officer until its acquisition by Workday. Mr. Chakraborty received a bachelor's degree and master's degree in aerospace engineering from the Massachusetts Institute of Technology.

Mr. Chakraborty has no family relationship with any director or executive officer of Workday and Mr. Chakraborty has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Workday has entered into its standard form of indemnification agreement with Mr. Chakraborty.

A copy of the press release announcing Mr. Hawkins' and Mr. Chakraborty's respective appointments is attached hereto as Exhibit 99.1. The information in the press release attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.

***Item 9.01 – Financial Statements and Exhibits***

(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 99.1 | <u>[Press release dated February 27, 2023](wday-02272023x991.htm)</u> |
| 104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |

---

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**Signature**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 27, 2023

---

| |
|:---|
| **Workday, Inc.** |
| /s/ Richard H. Sauer |
| Richard H. Sauer |
| Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

**Workday Appoints Sayan Chakraborty to Co-President and Elects Mark Hawkins to Board of Directors**

*Robynne Sisco also appointed to vice chair*

*Appointments demonstrate company's continued commitment to artificial intelligence and machine learning and financial management momentum*

**PLEASANTON, Calif.,** Feb. 27, 2023 -- Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the appointment of Sayan Chakraborty to co-president, the appointment of Robynne Sisco to vice chair, and the election of Mark Hawkins as an independent director of its Board of Directors. All appointments represent the company's continued leadership investments in key focus areas including artificial intelligence and machine learning and expanding Workday's financial management momentum.

Sayan, who holds a seat on the <u>National Artificial Intelligence Advisory Committee (NAIAC)</u>, will continue leading the Product and Technology organization in its ongoing efforts to deliver new solutions that help Workday customers adapt to change at scale. Robynne Sisco will step down from her role as co-president and assume the role of vice chair, dedicating her focus to supporting Workday's global sales team as it continues to build on its momentum with the office of the CFO.

"Sayan has not only been the driving force behind our innovation strategy and ability to scale our platform to support and enable the world's largest organizations, but he is a true AI and ML visionary in enterprise software," said Aneel Bhusri, co-founder, co-CEO, and chair, Workday. "Thanks to Sayan's efforts, Workday is well-positioned to drive the future of work and we are pleased to recognize his leadership role across the organization now as co-president. Additionally, we look forward to the continued impact that Robynne will make as vice chair in helping to drive our momentum and advance Workday's position as a leader in cloud finance."

Workday also announced the appointment of Mark Hawkins to its board of directors, bringing a record of success helping global brands scale, and further adding to Workday's bench of financial management expertise. Mark holds nearly four decades of experience at companies including Salesforce, Autodesk, Logitech, Dell, and Hewlett-Packard. Most recently, Mark served as President and Chief Financial Officer at Salesforce from August 2017 to February 2021, before being appointed President and CFO Emeritus, a position he held through November 2021.

"The pace of change we are seeing in the world today, specifically in how organizations manage their people and money, can only be matched by the speed of innovation," said Mark Hawkins, independent director, Workday board of directors. "Workday is meeting the moment as it continues to drive the future of work through AI and ML. I'm looking forward to working with the fantastic leadership team and the rest of the board in bringing Workday's transformative solutions to more organizations around the world."

Mark received a bachelor's degree from Michigan State University and a master's degree in business administration from the University of Colorado. He currently serves on several boards including SecureWorks Inc., Toast, Inc., and Cloudflare, Inc.

**About Workday**

<u>Workday</u> is a leading provider of enterprise cloud applications for <u>finance</u> and <u>human resources</u>, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics are built with artificial intelligence and machine learning at the core to help organizations around the world embrace the future of work. Workday is used by more than 10,000 organizations around the world and across industries – from medium-sized businesses to more than 50% of the *Fortune* 500. For more information about Workday, visit <u>workday.com</u>.

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<br>© 2023 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders.

**Forward-Looking Statements**

This press release contains forward-looking statements including, among other things, statements regarding Workday's plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission ("SEC"), including our Form 10-K for the fiscal year ended January 31, 2023, and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.

Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.

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