A10 NETWORKS, INC. : Change in Directors or Principal Officers (form 8-K)
January 21, 2021 at 03:52 am IST
Share
Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed on December 4, 2020, Gunter Reiss resigned as the Vice
President Worldwide Marketing of A10 Networks, Inc., (the "Company") effective
December 31, 2020. In connection with his resignation, the Board of Directors
authorized the Company to make the severance payments set forth in the Company's
Form of Change in Control and Severance Agreement, which Mr. Reiss entered into
on October 23, 2017 when he was appointed Vice President Worldwide Marketing,
such amount which is approximately $227,386 over a nine month period, subject to
appropriate withholdings and the terms and conditions contained in such
agreement. In addition, the Company will reimburse Mr. Reiss for COBRA continued
health care coverage at the premium level in effect prior to the termination for
Mr. Reiss and his dependents for nine months. Mr. Reiss will also receive a cash
payment of $30,000, subject to appropriate withholdings. A copy of the Form of
Change in Control and Severance Agreement was previously filed with the
Securities and Exchange Commission on March 10, 2014, as Exhibit 10.25 to
Amendment No. 1 to Form S-1, and the terms of the Form of Change in Control and
Severance Agreement are incorporated herein by reference.
A10 Networks, Inc. is a provider of cybersecurity and infrastructure solutions for on-premises, hybrid cloud, and edge-cloud environments. Its product portfolio consists of six secure application solutions and two intelligent management and automation tools. Its software solutions are available to be delivered in a variety of form factors, such as embedded in optimized hardware appliances, as bare metal software, containerized software, virtual appliances and cloud-native software. Its secure application solutions include Thunder Application Delivery Controller (ADC), Thunder Carrier Grade Networking (CGN), Thunder SSL Insight (SSLi), and Thunder Convergent Firewall (CFW). Harmony Controller is its intelligent management and automation tool. Its A10 Defend Suite of Products include A10 Defend Threat Control, A10 Defend Orchestrator, A10 Defend Detector, and A10 Defend Mitigator. Its customers span global large enterprises and communications, cloud and Web service providers, and others.