Form 8-K

 

 

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): April 11, 2016

 

 

Tableau Software, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-35925   47-0945740

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

837 North 34th Street, Suite 200

Seattle, Washington

  98103
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (206) 633-3400

 

 

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:

 

¨ 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))

 

 

 


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

Annual Base Salary Increases

On April 11, 2016, the Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) of Tableau Software, Inc. (the “Company”), pursuant to the authority delegated to the Compensation Committee by the Board, approved annual base salaries for the Company’s named executive officers (as defined in Item 402(a)(3) of Regulation S-K promulgated by the Securities and Exchange Commission) listed below, in each case effective as of January 1, 2016, as set forth in the table below.

 

Named Executive Officer

   Title    2016 Annual
Base Salary
 

Thomas Walker

   Chief Financial Officer    $ 350,000   

Elissa Fink

   Chief Marketing Officer    $ 325,000   

Kelly Wright

   Executive Vice President,
Sales
   $ 300,000   

Keenan Conder

   Vice President, General
Counsel & Corporate
Secretary
   $ 300,000   

Adoption of 2016 Target Bonuses

On April 11, 2016, the Compensation Committee also established the target bonuses for fiscal year 2016 for the above-referenced named executive officers. As in past years, Ms. Wright, as leader of the Company’s sales organization, participates in the broad-based company sales commission plan and her target commissions are established at 100% of her base salary at $300,000. As in past years, Mr. Walker, Ms. Fink and Mr. Conder continue to be eligible to participate in the Company’s incentive bonus plan for non-sales employees, under which full-time employees are entitled to a target bonus of up to 10% of their base salaries tied to the achievement of Company performance goals. In addition, for 2016, Mr. Walker will be eligible to receive a discretionary bonus of up to $300,000, Ms. Fink will be eligible to receive a discretionary bonus of up to $100,000, and Mr. Conder will be eligible to receive a discretionary bonus of up to $125,000, in each case based on the achievement of certain Company-wide sales goals as well as subjective individual performance criteria.


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.

 

  Tableau Software, Inc.
Dated: April 15, 2016    
  By:  

/s/ Keenan M. Conder

    Keenan M. Conder
    Vice President, General Counsel and Corporate Secretary