Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 30, 2023, Timothy E. Lang, Senior Executive Vice President & Chief
Technology Officer ("CTO") and a named executive officer of MicroStrategy
Incorporated (the "Company"), informed the Company of his intention to retire
from his position as CTO on April 14, 2023 (the "Retirement Date"). To assist
the Company in the transition of his duties and other related matters, Mr. Lang
will serve in a non-executive employee advisory role reporting to the Company's
President & Chief Executive Officer, Phong Le, from the Retirement Date until
June 30, 2023 ("Transition Period"). During the Transition Period, Mr. Lang will
receive the same base salary and benefits he received immediately prior to the
Retirement Date.
Following Mr. Lang's Retirement Date, Mr. Le will assume Mr. Lang's
responsibilities as head of the Company's technology organization.
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