# EDGAR Filing Document

**Accession Number:** 0001353283
**File Stem:** 0001104659-23-005605
**Filing Date:** 2023-1
**Character Count:** 12931
**Document Hash:** 52ec8c1eadad29d3157c99d40ff4bb82
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-005605.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001104659-23-005605

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230123

**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**: 20230123

**DATE AS OF CHANGE**: 20230123

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPLUNK INC
- **CENTRAL INDEX KEY:** 0001353283
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 861106510
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35498
- **FILM NUMBER:** 23542612

**BUSINESS ADDRESS:**
- **STREET 1:** 270 BRANNAN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107
- **BUSINESS PHONE:** 415-848-8400

**MAIL ADDRESS:**
- **STREET 1:** 270 BRANNAN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94107

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 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)

**January 23, 2023**

**Splunk Inc.**

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

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-35498** | **86-1106510** |
| (State or other jurisdiction of<br> incorporation) | (Commission File Number) | (IRS Employer<br> Identification No.) |

---

**270 Brannan Street**

**San Francisco, California 94107**

(Address of principal executive offices, including zip code)

**(415) 848-8400**

(Registrant's telephone number, including area code)

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:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 per share | SPLK | The NASDAQ Stock Market LLC |

---

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. ◻

**Item 5.02** **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On January 23, 2023, Splunk Inc. (the "Company") announced the appointment of Brian Roberts as the Company's Senior Vice President and Chief Financial Officer ("CFO"), effective immediately. Mr. Roberts will serve as the Company's principal financial officer. Gary Steele, the Company's President and Chief Executive Officer and interim principal financial officer since September 2022, will end his term as interim principal financial officer effective as of Mr. Roberts's appointment.

Mr. Roberts, age 54, served as Chief Financial Officer of Ozone Networks, Inc. (d/b/a OpenSea), a non-fungible token marketplace, from 2021 to 2022. From 2014 to 2021, Mr. Roberts served as Chief Financial Officer of Lyft, Inc., a transportation platform company, and also served as its Senior Vice President, Partnerships and Corporate Development in 2014. From 2011 to 2014, Mr. Roberts served as Senior Vice President, Business Development and Strategy at Walmart Global eCommerce, a division of Walmart Inc., a multinational retail company. Prior to Walmart, Mr. Roberts served as Senior Managing Director at Evercore Inc., an investment banking advisory firm, and before that in corporate development leadership roles at software companies Microsoft Corporation and Inktomi Corporation. Mr. Roberts holds a B.A. from the University of California, Berkeley and an M.B.A. from Harvard Business School.

There is no arrangement or understanding between Mr. Roberts and any other persons pursuant to which Mr. Roberts was appointed as CFO. There are no family relationships between Mr. Roberts and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The Company has entered into an offer letter with Mr. Roberts dated January 11, 2023 (the "Offer Letter"). The Offer Letter provides that Mr. Roberts's annual base salary will be $575,000, and his target annual bonus will be 100% of his annual base salary. In addition, effective as of his start date, Mr. Roberts will be granted restricted stock units ("RSUs") with a value of approximately $5,000,000, which will be subject to time-based vesting over four years from his start date, subject to Mr. Roberts remaining employed by the Company through the relevant vesting date, and performance units ("PSUs") with a target value of approximately $11,000,000, which will be subject to performance-based vesting on terms and conditions to be determined by the Talent & Compensation Committee of the Board for senior executives of the Company for the Company's fiscal year 2024 PSU program. Each dollar amount for the RSUs and PSUs described in this paragraph will be converted into a number of shares by dividing the dollar amount by the average closing stock price for the 60 trading days ending the day before the grant date, rounded down to the nearest whole share. The grant date is Mr. Roberts's start date with the Company, January 23, 2023. The awards will be subject to the terms and conditions of the Company's 2022 Equity Incentive Plan and applicable award agreements.

In the event that Mr. Roberts's employment is terminated without cause or if he resigns his position for good reason within the period commencing six months before a change in control and ending 18 months after a change in control (such period, a "change in control period"), then, in addition to any accrued compensation, he will be entitled to receive: (i) a lump sum cash payment equal to 12 months of his annual base salary, plus an amount equal to 100% of his annual target bonus as in effect in the year of termination, less any amounts already paid for such year; (ii) continued health coverage for 12 months or, if doing so would cause imposition of an excise tax or failure of non-discrimination tests, a lump sum cash payment of $24,000; and (iii) acceleration of vesting as to all then-unvested shares or rights subject to all equity awards with only time-based vesting which have been granted to him. Any PSUs that are not performance-vested at the time of termination will be treated in the manner outlined in the corresponding award agreement.

In the event that Mr. Roberts's employment is terminated without cause not during a change in control period, then, in addition to any accrued compensation, he will be entitled to receive, (i) a lump sum cash payment equal to six months of his annual base salary, plus a prorated portion of his annual target bonus as in effect in the year of termination, less any amounts already paid for such year; (ii) continued health coverage for six months or, if doing so would cause imposition of an excise tax or failure of non-discrimination tests, a lump sum cash payment of $12,000; and (iii) acceleration of vesting as to the number of shares or rights subject to all equity awards which have been granted to him with only time-based vesting (including earned but unvested performance-based awards) as would have vested in the six months following separation from service. Any unearned PSUs will be treated in the manner outlined in the award agreement for each such PSU grant.

The foregoing severance payments and benefits under the Offer Letter are subject to the execution of a separation and release agreement by Mr. Roberts.

A copy of the press release announcing Mr. Roberts's appointment is filed as Exhibit 99.1 to this Current Report on Form 8-K.

**Item 9.01** **Financial Statements and Exhibits.**

*(d) Exhibits*

 

---

| | |
|:---|:---|
| **Exhibit<br> Number** | **Description** |
| [99.1](tm234144d1_ex99-1.htm) | [Press release issued by Splunk Inc. dated January 23, 2023.](tm234144d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |

---

**SIGNATURES**

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

---

| | | |
|:---|:---|:---|
| Date: January 23, 2023 |  |  |
|  |  | **SPLUNK INC.** |
|  | By: | /s/ Scott Morgan |
|  |  | **Scott Morgan** |
|  |  | **Senior Vice President,** Chief Legal Officer, Global Affairs and Secretary** |

---

## Exhibit 99.1

**Exhibit 99.1**

![](tm234144d1_ex99-1img001.jpg)

------

PRESS RELEASE

**Splunk Appoints Brian Roberts as Chief Financial Officer**

**SAN FRANCISCO, January 23, 2023** – Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced Brian Roberts has been appointed as the Company's chief financial officer (CFO), effective immediately. Roberts will report to Splunk CEO, Gary Steele.

Roberts brings 30 years of financial expertise, including at some of the most recognized brands in the technology and consumer industries such as Lyft, Microsoft and Walmart. Throughout his career, Roberts has been at the forefront of innovation, helping lead financial operations and corporate development strategies for high-growth companies in the software, ecommerce, ridesharing and blockchain sectors.

"Brian is a highly experienced and well-regarded technology CFO with a track record of accelerating growth, leading high-performing teams and driving operational excellence," said Gary Steele, Chief Executive Officer of Splunk. "We are pleased to welcome Brian to the team and look forward to his financial and operational leadership as we steer Splunk through our next chapter, balancing long-term durable growth and profitability."

"I have spent my career seeking out organizations with a strong community, values-driven leadership team and an ambition to deliver powerful innovation—and Splunk is the perfect fit," said Roberts. "Splunk has built an unparalleled platform that enables organizations to increase their digital resiliency, and I'm confident that we are well positioned to capitalize on our enormous opportunity to drive strong financial performance. I'm thrilled to return to my software roots and contribute to Splunk's next chapter."

Roberts served as CFO for Ozone Networks, Inc. (d/b/a OpenSea) from 2021 to 2022 as well as CFO of Lyft, Inc. from 2014 to 2021. While at Lyft, he helped manage the organization through an over 70-fold increase in annual revenue. From 2011 to 2014, Roberts served as Senior Vice President, Business Development and Strategy at Walmart Global eCommerce. Prior to Walmart, he served as Senior Managing Director at Evercore Inc. and led the corporate development organizations at Microsoft Corporation and Inktomi Corporation. Roberts holds a B.A. from the University of California, Berkeley and an M.B.A. from Harvard Business School.

**About Splunk Inc.**

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

*Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners.© 2023 Splunk Inc. All rights reserved.*

**For more information, please contact:** 

**Media Contact**

Mara Mort

Splunk Inc.

<u>press@splunk.com</u>

**Investor Contact**

Ken Tinsley

Splunk Inc.

<u>ir@splunk.com</u>