09/03/2024 | Press release | Distributed by Public on 09/03/2024 14:06
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 30, 2024, David Sangster, Chief Operating Officer of Nutanix, Inc. (the "Company"), notified the Company of his decision to retire as Chief Operating Officer, effective October 31, 2024. Mr. Sangster has served as the Company's Chief Operating Officer since March 2019. The Company would like to thank Mr. Sangster for his many years of service and leadership at the Company. As part of Mr. Sangster's transition, the Company and Mr. Sangster have entered into a Senior Advisor Agreement under which he will provide advisory services to the Company following his retirement date until December 31, 2024 for $10,000 per month. The Company is developing a plan to transition Mr. Sangster's role and responsibilities. The foregoing description of the Senior Advisor Agreement does not purport to be complete and is qualified in its entirety by reference to the Senior Advisor Agreement, a copy of which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended July 31, 2024.