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Time and
Date:
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9:00 a.m. Pacific Time
Wednesday, June 29, 2022
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Virtual Meeting:
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www.virtualshareholdermeeting.com/CRWD2022
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1.
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Elect nominees Cary J. Davis, George Kurtz and Laura J. Schumacher to the Board of Directors to hold office until the 2025 Annual Meeting of Stockholders.
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2.
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Ratify the selection of PricewaterhouseCoopers LLP as CrowdStrike’s independent registered public accounting firm for its fiscal year ending January 31, 2023.
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| | | | By Order of the Board of Directors | |
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George Kurtz
President, Chief Executive Officer and Director |
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Proposal
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Board Recommendation
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1. | | | Elect nominees Cary J. Davis, George Kurtz and Laura J. Schumacher to the Board of Directors to hold office until the 2025 Annual Meeting of Stockholders. | | | FOR all nominees | |
2. | | | Ratify the selection of PricewaterhouseCoopers LLP as CrowdStrike’s independent registered public accounting firm for its fiscal year ending January 31, 2023. | | | FOR | |
|
Name
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| |
Age
|
| |
Director
Since |
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Current
Term Expires |
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Independent
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Audit
Committee |
| |
Compensation
Committee |
| |
Nominating
and Corporate Governance Committee |
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| Nominees for Director | | | | | | | | | ||||||||||||||
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Cary J. Davis
|
| |
55
|
| |
7/2013
|
| |
2022
|
| |
Yes
|
| | | | |
|
| | | |
|
George Kurtz, President and CEO
|
| |
51
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| |
11/2011
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2022
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| |
No
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| | | | |
|
| | | |
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Laura J. Schumacher
|
| |
58
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| |
11/2020
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2022
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| |
Yes
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| | | | | | | |
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| Continuing Directors | | | | | | | | | ||||||||||||||
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Denis J. O’Leary
|
| |
65
|
| |
12/2011
|
| |
2023
|
| |
Yes
|
| | | | | | | |
|
|
|
Godfrey R. Sullivan
|
| |
68
|
| |
12/2017
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| |
2023
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| |
Yes
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| |
|
| | | | | | |
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Roxanne S. Austin
|
| |
61
|
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9/2018
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| |
2024
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| |
Yes
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| |
|
| | | | | | |
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Sameer K. Gandhi
|
| |
56
|
| |
8/2013
|
| |
2024
|
| |
Yes
|
| | | | |
|
| | | |
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Gerhard Watzinger, Chairman
|
| |
61
|
| |
4/2012
|
| |
2024
|
| |
Yes
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| |
|
| | | | |
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We encourage CrowdStrike stockholders to voluntarily elect to receive future proxy and annual report materials electronically.
•
If you are a registered stockholder, please visit www.proxyvote.com for simple instructions.
•
Beneficial shareowners can elect to receive future proxy and annual report materials electronically as well as vote their shares online at www.proxyvote.com.
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to vote using your mobile device, sign up for e-delivery or download annual meeting materials.
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Wednesday, June 29, 2022
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9:00 a.m. Pacific Time
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Using approximately 721 fewer tons of wood, or saving 4,330 trees or 67 acres of forest
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Approximately 4,610 million BTU’s saved or the equivalent of 5,490 residential refrigerators operating for one calendar year
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Using approximately 3,250,000 fewer pounds of CO2 emissions, or the equivalent of 295 cars running for one calendar year
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Saving approximately 3,870,000 gallons of water, or the equivalent of 176 swimming pools
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Saving approximately 213,000 pounds of solid waste
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Reducing hazardous air pollutants by approximately 289 pounds
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THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” EACH NAMED NOMINEE.
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Board Diversity Matrix (as of March 11, 2022)
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| | ||||||||||||||||||||||||||||
| |
Total Number of Directors:
|
| | |
8
|
| | ||||||||||||||||||||||||
| | | | | |
Female
|
| | |
Male
|
| | |
Non-Binary
|
| | |
Did Not
Disclose Gender |
| | ||||||||||||
| | Directors | | | | | | 2 | | | | | | | 6 | | | | | | | - | | | | | | | - | | | |
| | Number of Directors Who Identify in Any of the Categories Below: | | | ||||||||||||||||||||||||||||
| | African American or Black | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | |
| | Alaskan Native or Native American | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | |
| | Asian | | | | | | - | | | | | | | 1 | | | | | | | - | | | | | | | - | | | |
| | Hispanic or Latinx | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | |
| | Native Hawaiian or Pacific Islander | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | |
| | White | | | | | | 2 | | | | | | | 5 | | | | | | | - | | | | | | | - | | | |
| | Two or More Races or Ethnicities | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | |
| | LGBTQ+ | | | |
1
|
| | ||||||||||||||||||||||||
| | Did Not Disclose Demographic Background | | | |
-
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Compensation Committee
|
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Cary J. Davis
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| |
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Background
Mr. Davis, 55, has served on our board of directors since July 2013.
➢
Mr. Davis is a Managing Director at Warburg Pincus, which he joined in October 1994, where he focuses on investments in the software and financial technology sectors.
➢
Prior to joining Warburg Pincus, he was Executive Assistant to Michael Dell at Dell Inc., a multinational computer technology company, and a consultant at McKinsey & Company, a worldwide management consulting firm.
➢
Mr. Davis currently serves on the boards of directors of Cyren Ltd., a cloud-based, internet security technology company, Clearwater Analytics Holdings, Inc., a Software-as-a-Service investment data platform company and several privately-held companies.
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| | ||||||
| Education | | | Qualifications | | | |||
|
•
Mr. Davis holds a B.A. in Economics from Yale University and an M.B.A. from Harvard Business School.
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| | Mr. Davis brings to the Board and the Compensation Committee extensive business and investment expertise and his knowledge of our company and our industry. | | |
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George Kurtz
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Background
Mr. Kurtz, 51, is one of our co-founders and has served as our President, Chief Executive Officer, and a member of our board of directors since November 2011.
➢
From October 2004 to October 2011, Mr. Kurtz served in executive roles at McAfee, Inc., a security technology company, including as Executive Vice President and Worldwide Chief Technology Officer from October 2009 to October 2011.
➢
In October 1999, Mr. Kurtz founded Foundstone, Inc., a security technology company, where he served as its Chief Executive Officer until it was acquired by McAfee, Inc. in October 2004.
➢
Since November 2017, he has also served as Chairman and as a board member for the CrowdStrike Foundation, a nonprofit established to support the next generation of talent and research in cybersecurity and artificial intelligence through scholarships, grants, and other activities.
➢
He also serves on the board of directors of Hewlett Packard Enterprise, an enterprise information technology company.
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| | ||||||
| Education | | | Qualifications | | | |||
|
•
Mr. Kurtz holds a B.S. in Accounting from Seton Hall University.
•
Mr. Kurtz also holds a CPA license from the State of New Jersey with an inactive status.
|
| | The Board believes Mr. Kurtz provides valuable insight to the Board as a security industry pioneer with more than 29 years of experience in the security space, a technology business leader, and as an accomplished entrepreneur who has accumulated extensive perspective, operational insight, and expertise as our co-founder and Chief Executive Officer. | | |
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Nominating and Corporate Governance Committee
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Laura J. Schumacher
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| | |||
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Background
Ms. Schumacher, 58, has served on our board of directors since November 2020.
➢
Ms. Schumacher is currently the Vice Chairman, External Affairs and Chief Legal Officer of AbbVie, Inc., a role she has held since December 2018.
➢
Prior to that, Ms. Schumacher served as Executive Vice President, External Affairs, General Counsel and Corporate Secretary of AbbVie, Inc. since 2013.
➢
Prior to AbbVie’s separation from Abbott Laboratories, Ms. Schumacher served in various leadership positions at Abbott, including as Executive Vice President, General Counsel from 2007 to 2012.
➢
Ms. Schumacher currently serves on the board of directors of General Dynamics Corporation, a global aerospace and defense company; the Board of Trustees for Ronald McDonald House Charities; and the Notre Dame Law School Advisory Board.
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| | |||||||||
| Education | | | Qualifications | | | ||||||
|
•
Ms. Schumacher holds a B.B.A. from the University of Notre Dame and a J.D. from the University of Wisconsin at Madison.
|
| | Ms. Schumacher brings to the Board and Nominating and Corporate Governance Committee extensive experience with respect to risk management and the types of legal and regulatory risks facing public companies, as well as an important understanding of corporate governance matters and complex corporate transactions. | | |
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Chair Nominating and Corporate Governance Committee
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| |
Denis J. O’Leary
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| |
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| |
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Background
Mr. O’Leary, 65, has served on our board of directors since December 2011.
➢
Mr. O’Leary has been a private investor since January 2016.
➢
From September 2009 to February 2016, he served as co-managing partner of Encore Financial Partners, Inc., a company focused on the acquisition and management of banking organizations.
➢
From June 1978 to April 2003, Mr. O’Leary was with JPM Chase & Co., an investment bank and financial services company, where he served in various executive roles, including Corporate Treasurer, CIO, and Head of Retail and Small Business Banking.
➢
Mr. O’Leary currently serves as chairman of the board of directors of Fiserv, Inc., a provider of financial services technology, and on the board of directors of Ventiv, Inc., a privately held software company. Mr. O’Leary’s term on the board of directors of Fiserv, Inc. will expire at the company’s annual meeting, currently scheduled for May 2022.
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| Education | | | Qualifications | | | |||
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•
Mr. O’Leary holds a B.A. in Economics from the University of Rochester and an M.B.A. from New York University.
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| | Mr. O’Leary brings to the Board and the Nominating and Corporate Governance Committee extensive investment and financial experience, executive experience with global businesses, and knowledge of our company. | | |
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Audit Committee
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| |
Godfrey R. Sullivan
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Background
Mr. Sullivan, 68, has served on our board of directors since December 2017.
➢
From September 2008 to November 2015, he served as President and Chief Executive Officer of Splunk, Inc., a provider of machine data analytics software, and served on the board of directors of Splunk, Inc. from 2011 to 2019.
➢
From 2001 to 2004 he served as President and Chief Operating Officer, and from 2004 to 2007 as President, Chief Executive Officer and a member of the board of directors of Hyperion Solutions, an enterprise financial analytics company.
➢
Mr. Sullivan currently serves on the board of directors of Marqeta, Inc., a modern card issuing company; GitLab, Inc., a DevOps software company; and People.ai, a privately-held AI revenue intelligence platform company.
➢
He previously served on the board of directors of Citrix Systems, Inc., an enterprise software company; Informatica Corporation, an enterprise data management company; and RingCentral, Inc., a provider of cloud-based communications and collaboration solutions.
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| | ||||||
| Education | | | Qualifications | | | |||
|
•
Mr. Sullivan holds a B.B.A. from Baylor University.
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| | The Board believes his perspective and experience as a former chief executive officer of other publicly traded companies and his experience as an executive and as a member of the board of directors of other companies in the enterprise software industry benefits the Board and the Audit Committee. | | |
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Chair Audit Committee
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Roxanne S. Austin
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Background
Ms. Austin, 61, has served on our board of directors since September 2018.
➢
Ms. Austin has served as President of Austin Investment Advisors, a private investment and consulting firm, since January 2004, and has also served as chair of the U.S. Mid-Market Investment Advisory Committee of EQT Partners, a private equity group.
➢
Ms. Austin currently serves on the boards of directors of AbbVie Inc., a biopharmaceutical company; Freshworks, Inc., a provider of modern Software-as-a-Service products; and Verizon Communications, a telecommunications company.
➢
She previously served on the board of directors of Abbott Laboratories, a provider of pharmaceuticals, medical devices and nutritional products; Teledyne Technologies Incorporated, an industrial conglomerate; LM Ericsson Telephone Company, a networking and telecommunications company; and Target Corporation, a department store retailer.
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| Education | | | Qualifications | | | |||
|
•
Ms. Austin holds a B.B.A. in Accounting from the University of Texas at San Antonio.
•
Ms. Austin is a member of the California State Society of Certified Public Accountants and the American Institute of Certified Public Accountants.
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| | Ms. Austin’s extensive management and operating experience with global companies in innovative industries, financial expertise including financial statements, corporate finance and accounting matters, and corporate governance experience make her instrumental to our Audit Committee and the Board as a whole. | | |
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Chair Compensation Committee
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| |
Sameer K. Gandhi
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| |
|
Background
Mr. Gandhi, 56, has served on our board of directors since August 2013.
➢
Mr. Gandhi is currently a partner for Accel, a venture capital firm which he joined in June 2008, where he focuses on consumer, software and services companies.
➢
Mr. Gandhi currently serves on the board of Freshworks, Inc., a provider of modern Software-as-a-Service products, as well as on the board of directors of several privately-held companies.
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| | ||||||
| Education | | | Qualifications | | | |||
|
•
Mr. Gandhi holds a B.S. and an M.S. in Electrical Engineering and an M.S. in Computer Science from the Massachusetts Institute of Technology and an M.B.A. from the Stanford Graduate School of Business.
|
| | The Board believes Mr. Gandhi’s extensive knowledge of our company and his experience as an investor, including more than twenty years of investing experience in cybersecurity companies and other technology and media companies that have significant worldwide operations, brings specific expertise to the Board and the Compensation Committee. | | |
|
Audit Committee
Nominating and Corporate Governance Committee
|
| |
Gerhard Watzinger
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| |
|
| |
|
Background
Mr. Watzinger, 61, has served as Chairman of our board of directors since April 2012.
➢
From April 2013 to September 2013, he served as the Chief Executive Officer for IGATE Corporation, an IT services company.
➢
Mr. Watzinger served as the Executive Vice President for Corporate Strategy and Mergers & Acquisitions of the McAfee business unit of Intel Corporation (“Intel”) a designer and manufacturer of digital technology platforms, until his resignation in March 2012.
➢
Mr. Watzinger joined Intel in February 2011 upon Intel’s acquisition of McAfee.
➢
Mr. Watzinger joined McAfee in November 2007 upon McAfee’s acquisition of SafeBoot Corporation, a global leader in data protection software, where he served as Chief Executive Officer from February 2004 to November 2007.
➢
He currently serves on the board of directors of Mastech Digital, Inc., a digital transformation and information technology services company, Absolute Software Corporation, a persistent software company and KnowBe4, Inc., a security awareness technology company.
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| | ||||||
| Education | | | Qualifications | | | |||
|
•
Mr. Watzinger holds an advanced degree in Computer Science from the University of Applied Sciences in Munich.
|
| | Mr. Watzinger brings to the Board, the Audit Committee, and the Nominating and Corporate Governance Committee deep operational expertise in the cybersecurity and IT industries, including experience as a chief executive officer and board member of several information technology companies, as well as extensive perspective and operational insight as our current Chairman. | | |
| Audit Committee | | |
Meetings in FY2022: 8
|
| | |||
| Members | | | ||||||
|
➢
Roxanne S. Austin, Chair
➢
Godfrey R. Sullivan
➢
Gerhard Watzinger
|
| | Our Audit Committee is comprised of Roxanne S. Austin, Godfrey R. Sullivan, and Gerhard Watzinger, each of whom meets the requirements for independence under Nasdaq listing standards and SEC rules and regulations. | | | |||
| Principal Responsibilities | | | ||||||
|
The Audit Committee is responsible for, among other things:
•
selecting and hiring our independent registered public accounting firm;
•
evaluating the performance and independence of our registered public accounting firm;
•
approving the audit and pre-approving any non-audit services to be performed by our registered public accounting firm;
•
reviewing the integrity of our financial statements and related disclosures and reviewing our critical accounting policies and practices;
•
reviewing the adequacy and effectiveness of our internal control policies and procedures and our disclosure controls and procedures;
•
evaluating the performance of our internal audit function;
•
overseeing procedures for the treatment of complaints on accounting, internal accounting controls or audit matters;
•
reviewing and discussing with management and the independent registered public accounting firm the results of our annual audit, our quarterly financial statements and our publicly filed reports;
•
establishing procedures for employees to anonymously submit concerns about questionable accounting or audit matters;
•
assessing and managing risks, including with respect to financial accounting, investment, tax, and cybersecurity matters;
•
reviewing and approving in advance any proposed related-person transactions; and
•
preparing the Audit Committee report that the SEC requires in our annual proxy statement.
|
| | ||||||
| Our Audit Committee operates under a written charter that satisfies the applicable rules and regulations of the SEC and the listing standards of Nasdaq. A copy of the charter for our Audit Committee is available on our website at ir.crowdstrike.com. | | |
| Compensation Committee | | |
Meetings in FY2022: 8
|
| | |||
| Members | | | | |||||
|
➢
Sameer K. Gandhi, Chair
➢
Cary J. Davis
|
| | Our Compensation Committee is comprised of Sameer K. Gandhi and Cary J. Davis, each of whom is a non-employee director and meets the requirements for independence under the current Nasdaq listing standards and SEC rules and regulations. During fiscal 2022, our former director Joseph E. Sexton, who was a non-employee director and met the requirements for independence under Nasdaq listing standards and SEC rules and regulations during his time of service, served on the Compensation Committee until his resignation in January 2022. | | | |||
| Principal Responsibilities | | | ||||||
|
The Compensation Committee is responsible for, among other things:
•
determining, or recommending to the board for determination, the compensation of our executive officers, including our Chief Executive Officer;
•
overseeing and setting compensation for the members of our Board;
•
administering our equity compensation plans;
•
overseeing our overall compensation policies and practices, compensation plans, and benefits programs; and
•
reviewing management succession planning.
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| | ||||||
|
In addition, the Compensation Committee reviews with management the Company’s Compensation Discussion and Analysis.
Our Compensation Committee operates under a written charter that satisfies the applicable rules and regulations of the SEC and the listing standards of Nasdaq. A copy of the charter for our Compensation Committee is available on our website at ir.crowdstrike.com.
|
| | ||||||
| The Compensation Committee has also delegated authority to our Chief Executive Officer and Chief Financial Officer to grant equity awards to employees subject to certain limitations established from time to time by the Compensation Committee. | | |
| Nominating and Corporate Governance Committee |
| |
Meetings in FY2022: 4
|
| | |||
| Members | | | ||||||
|
➢
Denis J. O’Leary, Chair
➢
Laura J. Schumacher
➢
Gerhard Watzinger
|
| | Our Nominating and Corporate Governance Committee is comprised of Denis J. O’Leary, Laura J. Schumacher, and Gerhard Watzinger, each of whom meets the requirements for independence under Nasdaq listing standards and SEC rules and regulations. During fiscal 2022, our former director Joseph E. Sexton, who was a non-employee director and met the requirements for independence under Nasdaq listing standards and SEC rules and regulations during his time of service, served on the Nominating and Corporate Governance Committee until his resignation in January 2022. Gerhard Watzinger joined the committee in April 2022. | | | |||
| Principal Responsibilities | | | ||||||
|
The Nominating and Corporate Governance Committee is responsible for, among other things:
•
evaluating and making recommendations regarding the composition, organization and governance of our Board and its committees;
•
reviewing and making recommendations with regard to our corporate governance guidelines and compliance with laws and regulations;
•
reviewing conflicts of interest of our directors and corporate officers and proposed waivers of our corporate governance guidelines and our code of business conducts and ethics;
•
reviewing our environmental, social and governance policies, programs and progress to support the sustainable growth of our business; and
•
evaluating the performance of our Board and of our committees.
|
| | ||||||
| Our Nominating and Corporate Governance Committee operates under a written charter that satisfies the applicable Nasdaq listing standards. A copy of the charter for our Nominating and Corporate Governance Committee is available on our website at ir.crowdstrike.com. | | |
Name
|
| |
Fees Earned or
Paid in Cash ($) |
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($) |
| |
All Other
Compensation ($)(2) |
| |
Total
Compensation ($) |
| |||||||||||||||
Roxanne S. Austin | | | | | 55,625 | | | | | | 199,791 | | | | | | - | | | | | | 17,162 | | | | | | 272,578 | | |
Cary J. Davis | | | | | 39,625 | | | | | | 199,791 | | | | | | - | | | | | | - | | | | | | 239,416 | | |
Sameer K. Gandhi | | | | | 47,250 | | | | | | 199,791 | | | | | | - | | | | | | - | | | | | | 247,041 | | |
Denis O’Leary | | | | | 42,000 | | | | | | 199,791 | | | | | | - | | | | | | - | | | | | | 241,791 | | |
Laura J. Schumacher | | | | | 36,625 | | | | | | 199,791 | | | | | | - | | | | | | - | | | | | | 236,416 | | |
Joseph E. Sexton(3) | | | | | 43,625 | | | | | | 199,791 | | | | | | - | | | | | | 18,394 | | | | | | 261,810 | | |
Godfrey R. Sullivan | | | | | 42,500 | | | | | | 199,791 | | | | | | - | | | | | | - | | | | | | 242,291 | | |
Gerhard Watzinger | | | | | 85,000 | | | | | | 199,791 | | | | | | - | | | | | | 17,162 | | | | | | 301,953 | | |
Name
|
| |
Shares
Underlying Stock Awards(1) |
| |
Shares
Underlying Options(2) |
| ||||||
Roxanne S. Austin | | | | | 18,139 | | | | | | 127,188 | | |
Cary J. Davis | | | | | 795 | | | | | | - | | |
Sameer K. Gandhi | | | | | 795 | | | | | | - | | |
Denis O’Leary | | | | | 795 | | | | | | - | | |
Laura J. Schumacher | | | | | 2,426 | | | | | | - | | |
Joseph E. Sexton(3) | | | | | - | | | | | | - | | |
Godfrey R. Sullivan | | | | | 795 | | | | | | - | | |
Gerhard Watzinger | | | | | 795 | | | | | | - | | |
| | |
Fiscal Year
(in thousands) |
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
Audit Fees (1) | | | | $ | 3,560 | | | | | $ | 3,394 | | |
Audit-related Fees (2) | | | | | 0 | | | | | | 281 | | |
Tax Fees (3) | | | | | 1,034 | | | | | | 985 | | |
All Other Fees (4) | | | | | 3 | | | | | | 5 | | |
Total Fees | | | | $ | 4,597 | | | | | $ | 4,665 | | |
|
Table of Contents
|
|
| | | | | 22 | | | |
| | | | | 24 | | | |
| | | | | 24 | | | |
| | | | | 25 | | | |
| | | | | 25 | | | |
| | | | | 26 | | | |
| | | | | 27 | | | |
| | | | | 28 | | | |
| | | | | 28 | | | |
| | | | | 28 | | | |
| | | | | 30 | | |
| Our Fiscal 2022 | |
| Named Executive Officers | |
| George Kurtz | |
|
Chief Executive Officer &
Co-Founder |
|
| Burt Podbere | |
| Chief Financial Officer | |
| Shawn Henry | |
|
President, CrowdStrike
Services & Chief Security Officer |
|
| Colin Black | |
|
Former Chief Operating
Officer |
|
| Michael Carpenter | |
|
Former President Global
Sales & Field Operations |
|
|
What We Do
|
| | |
What We Don’t Do
|
| ||||||
|
|
| |
Pay-for-Performance Philosophy. We align pay and performance by awarding a substantial portion of the compensation paid to our executives in the form of “at-risk” performance-based compensation linked to achievement of rigorous performance goals.
|
| | |
|
| |
No Special Executive Retirement Plans. We do not offer pension arrangements or retirement plans or similar arrangements with our NEOs that are different from or in addition to those offered to our other employees.
|
|
|
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| |
Balanced Short-Term and Long-Term Compensation. We grant compensation that discourages short-term risk taking at the expense of long-term results.
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No Excise Tax “Gross-Ups”. We do not provide any “gross-ups” for excise taxes that our employees might owe as a result of the application of Sections 280G or 4999 of the Internal Revenue Code of 1986, as amended (the “IRC”).
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Maintain an Independent Compensation Committee. Our Compensation Committee is comprised solely of independent directors with extensive industry experience.
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No “Single-Trigger” Change in Control Arrangements. Since the time of our IPO, we have not provided for “single-trigger” acceleration of compensation or benefits solely upon a change in control.
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Maintain an Independent Compensation Committee Advisor. The Compensation Committee engages its own independent compensation consultant.
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No Excessive Perks. We generally do not provide any excessive perquisites to our NEOs.
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Conduct Annual Compensation Review. The Compensation Committee conducts a review at least annually of our executive compensation philosophy and strategy, including a review of the compensation peer group used for comparative purposes.
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Do Not Permit Hedging. We prohibit directors and employees, including our NEOs, from hedging CrowdStrike securities.
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Perform Annual Compensation-Related Risk Assessment. We have strong risk and control policies, we take risk management into account in making executive compensation decisions, and we conduct an annual risk assessment of our executive and broad-based compensation programs to promote prudent risk management.
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Do Not Permit Pledging. We prohibit employees, including NEOs, from pledging CrowdStrike securities without the consent of our Legal Department. No CrowdStrike securities beneficially owned by employees, including our NEOs, are pledged.
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Atlassian
|
| |
DocuSign
|
| |
Okta
|
| |
Slack Technologies
|
| |
Twilio
|
|
|
Cloudflare
|
| |
Fortinet
|
| |
Palo Alto Networks
|
| |
Snowflake
|
| |
Unity Software
|
|
|
Coupa Software
|
| |
Hubspot
|
| |
Paycom Software
|
| |
Splunk
|
| |
Zscaler
|
|
|
Datadog
|
| |
MongoDB
|
| |
RingCentral
|
| |
The Trade Desk
|
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| | |
25th Percentile
|
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50th Percentile
|
| |
75th Percentile
|
| |
CRWD
|
| |||||||||
Revenue ($M) | | | | $ | 598 | | | | | $ | 836 | | | | | $ | 1,607 | | | |
$874
60th Percentile |
|
1-Year Revenue Growth | | |
27%
|
| |
40%
|
| |
49%
|
| |
82%
96th Percentile |
| |||||||||
Market Cap ($B) | | | | $ | 24.4 | | | | | $ | 31.1 | | | | | $ | 39.9 | | | |
$47.5
84th Percentile |
|
Performance-Based Pay Component
|
| |
Metrics
|
| |
Rationale
|
|
Annual Cash Incentive
(Corporate Incentive Plan) |
| |
Non-GAAP Operating Income
Net New ARR
|
| |
Motivates NEO to achieve short-term business objectives that drive growth of the Company
Performance-based, not guaranteed
|
|
Performance-Based Stock Units
|
| |
Revenue Growth Percent
Non-GAAP EPS
|
| | Aligns our NEOs’ interests with those of our stockholders by focusing on the creation and maintenance of long-term shareholder value | |
Name
|
| |
Fiscal 2021
Base Salary |
| |
Fiscal 2022
Base Salary(1) |
| ||||||
Mr. Kurtz | | | | $ | 550,000 | | | | | $ | 750,000 | | |
Mr. Henry | | | | $ | 550,000 | | | | | $ | 600,000 | | |
Mr. Carpenter | | | | $ | 550,000 | | | | | $ | 600,000 | | |
Mr. Podbere | | | | $ | 400,000 | | | | | $ | 500,000 | | |
Mr. Black | | | | $ | 400,000 | | | | | $ | 500,000 | | |
Performance Metrics
|
| |
Description
|
|
Non-GAAP Operating Income
|
| |
Profitability Threshold. Non-GAAP operating income is an indicator of profitability that eliminates the effects of events that either are not part of our core operations or are non-cash as well as the impact of income taxes.
The CIP will not be funded unless at least 85% of target is met within the performance period.
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|
Net New Annual Recurring Revenue (ARR)
|
| |
Revenue is a primary financial indicator of our growth and stockholder value creation. It is what our investors look to as measures of our success at selling our solutions, innovating and competing in the marketplace. Specifically for the CIP, we focus on net new ARR.
The CIP is only funded if at least 80% of our net new ARR target is met within the performance period. The maximum payout is capped at 150%.
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|
| | |
Fiscal 2022
|
| |||||||||||||||
Name
|
| |
Target Bonus
Percentage (%) |
| |
Target Bonus
Payout ($) |
| |
Total Actual Bonus
Earned ($) |
| |||||||||
Mr. Kurtz | | | | | 100% | | | | | $ | 750,000 | | | | | $ | 815,588 | | |
Mr. Podbere | | | | | 75% | | | | | $ | 375,000 | | | | | $ | 407,794 | | |
Mr. Black | | | | | 75% | | | | | $ | 375,000(1) | | | | | $ | 268,247 | | |
|
Performance Metrics
|
| |
Description
|
|
|
ACV Cross-Sales from Service Bookings
|
| | Net new platform sales cross-sold from a services engagement during the fiscal year | |
|
ACV Services Booking
|
| | Sales of professional services offerings | |
|
ACV of New Logo Sponsor Bookings
|
| | New logo subscription bookings closed during the fiscal year sourced directly by Mr. Henry | |
|
Performance Metrics
|
| |
Description
|
|
|
New Platform ACV
|
| | Platform sales to new or existing customers that result in incremental ARR from the customer | |
|
Renewals ACV
|
| | ACV of a renewal booking that results in the same or less ARR with the same customer | |
|
New Platform TCV Out Years
|
| | Total contract value of a new platform contract sale that the customer committed to beyond the first 12-months of the contract period | |
|
Renewal TCV Out Years
|
| | Total contract value of a renewal booking that the customer committed to beyond the first 12-months of the contract | |
| | |
Fiscal 2022
|
| |||||||||||||||
Name
|
| |
Target Bonus
Percentage (%) |
| |
Target Bonus
Payout ($) |
| |
Total Actual
Bonus Earned ($) |
| |||||||||
Mr. Henry | | | | | 100% | | | | | $ | 600,000 | | | | | $ | 1,312,415 | | |
Mr. Carpenter(1) | | | | | 100% | | | | | $ | 600,000 | | | | | $ | 519,806 | | |
| | |
FY 2021 Elements / Metrics / Weightings
|
| |
FY 2022 Elements / Metrics / Weightings
|
| ||||||
Performance Stock Unit
|
| | Revenue Growth Percentage | | | 33% | | |
Revenue Growth Percentage
Non-GAAP EPS |
| | 50% | |
Service-based RSU
|
| | Four-year graded vesting | | | 67% | | | Four-year graded vesting | | | 50% | |
Name
|
| |
RSUs
($) |
| |
Target PSUs
($) |
| |
Total
($) |
| |||||||||
Mr. Kurtz | | | | $ | 10,000,000 | | | | | $ | 10,000,000 | | | | | $ | 20,000,000 | | |
Mr. Podbere | | | | $ | 4,333,500 | | | | | $ | 4,333,500 | | | | | $ | 8,667,000 | | |
Mr. Henry | | | | $ | 4,333,500 | | | | | $ | 4,333,500 | | | | | $ | 8,667,000 | | |
Mr. Carpenter | | | | $ | 4,333,500 | | | | | $ | 4,333,500 | | | | | $ | 8,667,000 | | |
Mr. Black | | | | $ | 4,333,500 | | | | | $ | 4,333,500 | | | | | $ | 8,667,000 | | |
Fiscal 2022 PSU Targets and Results
|
| ||||||
Metric
|
| |
Min — Max Achievement Range
|
| |
Fiscal 2022 Actual Achievement
|
|
Non-GAAP EPS
|
| |
$0.252 — $0.308
|
| |
>$0.67(1)
|
|
Revenue Growth Percentage
|
| |
35% — 80%
|
| |
65.2%
|
|
Overall payout as a percentage of target | | | | | |
143.13%
|
|
Tranche
|
| |
Price Hurdle (per Share)
|
| |
Service Commencement Date
|
| |||
1 | | | | $ | 320 | | | |
February 1, 2022
|
|
2 | | | | $ | 370 | | | |
February 1, 2023
|
|
3 | | | | $ | 425 | | | |
February 1, 2024
|
|
4 | | | | $ | 490 | | | |
February 1, 2025
|
|
Name
|
| |
Multi-Year PSUs Target Value ($)
|
| |||
Mr. Kurtz | | | | $ | 122,850,000 | | |
Mr. Podbere | | | | $ | 14,974,150 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) (1) |
| |
Stock
Awards ($) (2) |
| |
Non-Equity
Incentive Plan Compensation ($) (3) |
| |
All Other
Compensation ($) (4)(5) |
| |
Total
($) |
| |||||||||||||||||||||
George Kurtz (6)
Chief Executive Officer, President and Director |
| | | | 2022 | | | | | | 750,000 | | | | | | - | | | | | | 146,123,040 | | | | | | 815,588 | | | | | | 7,118 | | | | | | 147,695,746 | | |
| | | 2021 | | | | | | 550,000 | | | | | | - | | | | | | 19,377,034 | | | | | | 587,881 | | | | | | 3,096 | | | | | | 20,518,011 | | | ||
| | | 2020 | | | | | | 450,000 | | | | | | 900,000 | | | | | | - | | | | | | - | | | | | | 254 | | | | | | 1,350,254 | | | ||
Burt Podbere
Chief Financial Officer |
| | | | 2022 | | | | | | 500,000 | | | | | | - | | | | | | 25,059,510 | | | | | | 407,794 | | | | | | 8,658 | | | | | | 25,975,962 | | |
| | | 2021 | | | | | | 400,000 | | | | | | - | | | | | | 11,626,162 | | | | | | 256,530 | | | | | | 3,096 | | | | | | 12,285,788 | | | ||
| | | 2020 | | | | | | 368,000 | | | | | | - | | | | | | - | | | | | | 187,220 | | | | | | 254 | | | | | | 555,474 | | | ||
Shawn Henry (7)
President, CrowdStrike Services and Chief Security Officer |
| | | | 2022 | | | | | | 600,000 | | | | | | - | | | | | | 10,085,360 | | | | | | 1,312,415 | | | | | | 7,331 | | | | | | 12,005,106 | | |
| | | 2021 | | | | | | 550,000 | | | | | | - | | | | | | 11,989,600 | | | | | | 1,358,609 | | | | | | 3,096 | | | | | | 13,901,305 | | | ||
Colin Black (8)
Former Chief Operating Officer |
| | | | 2022 | | | | | | 363,562 | | | | | | - | | | | | | 10,085,360 | | | | | | 268,247 | | | | | | 4,003 | | | | | | 10,721,172 | | |
| | | 2021 | | | | | | 400,000 | | | | | | - | | | | | | 11,626,162 | | | | | | 256,530 | | | | | | 246 | | | | | | 12,282,938 | | | ||
| | | 2020 | | | | | | 380,000 | | | | | | - | | | | | | - | | | | | | 231,990 | | | | | | 11,614 | | | | | | 623,604 | | | ||
Michael Carpenter (7)(9)
Former President, Global Sales and Field Operations |
| | | | 2022 | | | | | | 521,096 | | | | | | - | | | | | | 10,085,360 | | | | | | 519,806 | | | | | | 7,018 | | | | | | 11,133,280 | | |
| | | 2021 | | | | | | 550,000 | | | | | | - | | | | | | 11,626,162 | | | | | | 1,105,006 | | | | | | 3,096 | | | | | | 13,284,264 | | |
| | | | | | | | |
Estimated Possible
Payouts Under Non-Equity Incentive Plan Awards (1) |
| |
Estimated Possible Payouts Under
Equity Incentive Plan Awards (2) |
| |
All
Other Stock Awards: Number of Shares of Stock (#) (4) |
| |
Grant
Date Fair Value of Stock and Option Awards (5) |
| ||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Threshold
($) (3) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
Performance Shares (#) |
| |
Target
Performance Shares (#) |
| |
Maximum
Performance Shares (#) |
| |||||||||||||||||||||||||||||||||
George Kurtz
|
| | | | 04/07/21 | | | | | | 600,000 | | | | | | 750,000 | | | | | | 1,125,000 | | | | | | 12,901 | | | | | | 51,605 | | | | | | 77,408 | | | | | | - | | | | | | 13,265,283 | | |
| | | | | 04/07/21 | | | | | | - | | | | | | - | | | | | | - | | | | | | | | | | | | | | | | | | 0 | | | | | | 51,605 | | | | | | 10,007,758 | | |
| | | | | 08/28/21 | | | | | | - | | | | | | - | | | | | | - | | | | | | 135,000 | | | | | | 540,000 | | | | | | 540,000 | | | | | | - | | | | | | 122,850,000 | | |
Burt Podbere
|
| | | | 04/07/21 | | | | | | 300,000 | | | | | | 375,000 | | | | | | 562,500 | | | | | | 5,591 | | | | | | 22,363 | | | | | | 33,545 | | | | | | - | | | | | | 5,748,503 | | |
| | | | | 04/07/21 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 22,363 | | | | | | 4,336,857 | | |
| | | | | 01/12/22 | | | | | | - | | | | | | - | | | | | | - | | | | | | 28,750 | | | | | | 115,000 | | | | | | 115,000 | | | | | | - | | | | | | 14,974,150 | | |
Shawn Henry
|
| | | | 04/07/21 | | | | | | - | | | | | | 600,000 | | | | | | - | | | | | | 5,591 | | | | | | 22,363 | | | | | | 33,545 | | | | | | - | | | | | | 5,748,503 | | |
| | | | | 04/07/21 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 22,363 | | | | | | 4,336,857 | | |
Colin Black
|
| | | | 04/07/21 | | | | | | 300,000 | | | | | | 375,000 | | | | | | 562,500 | | | | | | 5,591 | | | | | | 22,363 | | | | | | 33,545 | | | | | | - | | | | | | 5,748,503 | | |
| | | | | 04/07/21 | | | | | | - | | | | | | - | | | | | | - | | | | | | | | | | | | | | | | | | | | | | | | 22,363 | | | | | | 4,336,857 | | |
Michael Carpenter
|
| | | | 04/07/21 | | | | | | - | | | | | | 600,000 | | | | | | - | | | | | | 5,591 | | | | | | 22,363 | | | | | | 33,545 | | | | | | - | | | | | | 5,748,503 | | |
| | | | | 04/07/21 | | | | | | - | | | | | | - | | | | | | - | | | | | | | | | | | | | | | | | | | | | | | | 22,363 | | | | | | 4,336,857 | | |
| | | | | | | | |
Option Awards (1)
|
| |
Stock Awards (1)
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Number of
Securities Underlying Options Exercisable (#) |
| |
Number of
Securities Underlying Options Unexercisable (#) |
| |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares, Units or other Rights That Have Not Vested (#) |
| |
Market
Value of Shares, Units or Other Rights That Have Not Vested ($) (2) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout of Unearned Shares, Units or Other Rights That Have Not Vested ($) (2) |
| ||||||||||||||||||||||||||||||
George Kurtz
|
| | | | 10/09/18 (3) | | | | | | 351,989 | | | | | | - | | | | | | - | | | | | | 11.13 | | | | | | 10/9/2028 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 10/09/18 (3) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 197,994 | | | | | | 35,765,636 | | | | | | | | | | | | | | |
| | | | | 10/23/18 (4) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 395,988 | | | | | | 71,531,272 | | | | | | - | | | | | | - | | |
| | | | | 10/23/18 (4) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 703,978 | | | | | | 127,166,586 | | | | | | - | | | | | | - | | |
| | | | | 04/09/20 (5) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 73,841 | | | | | | 13,338,638 | | | | | | | | | | | | | | |
| | | | | 04/09/20 (6) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 113,601 | | | | | | 20,520,885 | | | | | | - | | | | | | - | | |
| | | | | 04/07/21 (7) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 73,862 | | | | | | 13,342,432 | | |
| | | | | 04/07/21 (8) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 41,930 | | | | | | 7,574,235 | | | | | | - | | | | | | - | | |
| | | | | 08/28/21 (9) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 540,000 | | | | | | 97,545,600 | | |
Burt Podbere
|
| | | | 09/25/18 (10) | | | | | | 11,589 | | | | | | 8,334 | | | | | | - | | | | | | 11.13 | | | | | | 9/25/2028 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 09/25/18 (11) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 9,375 | | | | | | 1,693,500 | | | | | | - | | | | | | - | | |
| | | | | 04/09/20 (5) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 44,305 | | | | | | 8,003,255 | | | | | | | | | | | | | | |
| | | | | 04/09/20 (6) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 68,160 | | | | | | 12,312,422 | | | | | | - | | | | | | - | | |
| | | | | 04/07/21 (7) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 32,008 | | | | | | 5,781,925 | | |
| | | | | 04/07/21 (8) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 18,170 | | | | | | 3,282,229 | | | | | | - | | | | | | - | | |
| | | | | 01/12/22 (12) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 115,000 | | | | | | 20,773,600 | | |
Shawn Henry
|
| | | | 12/12/17 (13) | | | | | | 303 | | | | | | - | | | | | | - | | | | | | 2.63 | | | | | | 12/12/2027 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 04/09/18 (14) | | | | | | 6,250 | | | | | | 521 | | | | | | - | | | | | | 3.33 | | | | | | 4/9/2028 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 09/25/18 (10) | | | | | | 13,541 | | | | | | 8,334 | | | | | | - | | | | | | 11.13 | | | | | | 9/25/2028 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 09/25/18 (11) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 9,375 | | | | | | 1,693,500 | | | | | | - | | | | | | - | | |
| | | | | 06/11/19 (15) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 3,907 | | | | | | 705,760 | | | | | | - | | | | | | - | | |
| | | | | 04/09/20 (6) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 3,516 | | | | | | 635,130 | | | | | | - | | | | | | - | | |
| | | | | 04/09/20 (5) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 44,305 | | | | | | 8,003,255 | | | | | | | | | | | | | | |
| | | | | 04/09/20 (6) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 68,160 | | | | | | 12,312,422 | | | | | | - | | | | | | - | | |
| | | | | 04/07/21 (7) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 32,008 | | | | | | 5,781,925 | | |
| | | | | 04/07/21 (8) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 18,170 | | | | | | 3,282,229 | | | | | | - | | | | | | - | | |
| | | | | | | | |
Option Awards (1)
|
| |
Stock Awards (1)
|
| ||||||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Number of
Securities Underlying Options Exercisable (#) |
| |
Number of
Securities Underlying Options Unexercisable (#) |
| |
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares, Units or other Rights That Have Not Vested (#) |
| |
Market
Value of Shares, Units or Other Rights That Have Not Vested ($) (2) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout of Unearned Shares, Units or Other Rights That Have Not Vested ($) (2) |
| ||||||||||||||||||||||||||||||
Colin Black
|
| | | | 02/04/17 (16) | | | | | | 16,042 | | | | | | - | | | | | | - | | | | | | 1.76 | | | | | | 2/4/2027 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 09/25/18 (10) | | | | | | 41,666 | | | | | | 8,334 | | | | | | - | | | | | | 11.13 | | | | | | 9/25/2028 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | | | | 09/25/18 (11) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 9,375 | | | | | | 1,693,500 | | | | | | - | | | | | | - | | |
| | | | | 04/09/20 (5) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 44,305 | | | | | | 8,003,255 | | | | | | | | | | | | | | |
| | | | | 04/09/20 (6) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 68,160 | | | | | | 12,312,422 | | | | | | - | | | | | | - | | |
| | | | | 04/07/21 (7) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 32,008 | | | | | | 5,781,925 | | |
| | | | | 04/07/21 (7) | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | | | | | 18,170 | | | | | | 3,282,229 | | | | | | - | | | | | | - | | |
Michael Carpenter
|
| | | | 09/25/18 (10) | | | | | | 7,032 | | | | | | | | | | | | - | | | | | | 11.13 | | | | | | 9/25/2028 | | | | | | - | | | | | | - | | | | | | - | | | | | | - | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of Shares
Acquired on Exercise (#) |
| |
Value Realized on
Exercise ($) (1) |
| |
Number of Shares
Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($) (2) |
| ||||||||||||
George Kurtz
|
| | | | - | | | | | | - | | | | | | 683,442 | | | | | | 154,409,239 | | |
Burt Podbere
|
| | | | 8,984 | | | | | | 1,900,296 | | | | | | 104,162 | | | | | | 22,398,073 | | |
Shawn Henry
|
| | | | 50,000 | | | | | | 12,408,381 | | | | | | 110,021 | | | | | | 23,684,708 | | |
Colin Black
|
| | | | 52,110 | | | | | | 11,211,220 | | | | | | 104,162 | | | | | | 22,398,073 | | |
Michael Carpenter
|
| | | | 409,626 | | | | | | 100,065,883 | | | | | | 87,142 | | | | | | 18,887,018 | | |
Name
|
| |
Benefit Description
|
| |
Termination without
cause by Company or for good reason by executive NOT in connection with a Change in Control ($) |
| |
Termination without
cause by Company or for good reason by executive in connection with a Change in Control ($) |
| |
Change in Control without
any termination event ($) |
| |||||||||
George Kurtz (1)
|
| | Cash severance | | | | | 1,125,000 | | | | | | 1,125,000 | | | | | | - | | |
| | | Accelerated vesting of equity awards | | | | | 151,662,786 | | | | | | 346,701,666 | | | | | | 291,925,477 | | |
| | | Continuation of health benefits (2) | | | | | 40,794 | | | | | | 40,794 | | | | | | - | | |
Burt Podbere (3)
|
| | Cash severance | | | | | 125,000 | | | | | | 125,000 | | | | | | - | | |
| | | Accelerated vesting of equity awards | | | | | - | | | | | | 1,412,696 | | | | | | - | | |
Shawn Henry (4)
|
| | Cash severance | | | | | 200,000 | | | | | | 200,000 | | | | | | - | | |
| | | Accelerated vesting of equity awards | | | | | - | | | | | | 1,505,075 | | | | | | - | | |
Colin Black (5)
|
| | Cash severance | | | | | - | | | | | | 25,000 | | | | | | - | | |
| | | Accelerated vesting of equity awards | | | | | - | | | | | | 1,412,696 | | | | | | - | | |
Michael Carpenter (6)
|
| | N/A | | | | | - | | | | | | - | | | | | | - | | |
Plan Category
|
| |
Number of
securities to be issued upon exercise of outstanding options and rights (#) (a) |
| |
Weighted
average exercise price of outstanding options and rights (b) |
| |
Number of
securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a) (#) (c) |
| |||||||||
Equity compensation plans approved by stockholders (1) | | | | | 11,824,247 (2) | | | | | $ | 2.83 (3) | | | | | | 14,185,389 (4)(5) | | |
Equity compensation plans NOT approved by stockholders | | | | | - | | | | | | 0.00 | | | | | | - | | |
Total | | | | | 11,824,247 | | | | | $ | 2.83 | | | | | | 14,185,389 | | |
| | |
Beneficial Ownership (1)
|
| |||||||||||||||||||||||||||
Name of Beneficial Owner
|
| |
Number of
Class A Shares |
| |
Percent of
Class A Shares |
| |
Number of
Class B Shares |
| |
Percent of
Class B Shares |
| |
Percent of
Total Voting Power |
| |||||||||||||||
Greater than 5% Stockholders: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Entities affiliated with Accel(2) | | | | | 650,000 | | | | | | * | | | | | | 5,350,000 | | | | | | 28.29% | | | | | | 13.46% | | |
Blackrock, Inc.(3) | | | | | 13,795,872 | | | | | | 6.47% | | | | | | — | | | | | | — | | | | | | 3.43% | | |
The Vanguard Group(4) | | | | | 12,303,287 | | | | | | 5.77% | | | | | | — | | | | | | — | | | | | | 3.06% | | |
Named Executive Officers and Directors:
|
| | | | | | | | | | * | | | | | | | | | | | | | | | | | | | | |
George Kurtz(5) | | | | | 1,359,273 | | | | | | * | | | | | | 12,360,478 | | | | | | 64.16% | | | | | | 30.80% | | |
Colin Black**(6) | | | | | 50,920 | | | | | | * | | | | | | 61,875 | | | | | | * | | | | | | * | | |
Burt W. Podbere(7) | | | | | 113,578 | | | | | | * | | | | | | 235,859 | | | | | | 1.25% | | | | | | * | | |
Shawn Henry(8) | | | | | 39,892 | | | | | | * | | | | | | 5,729 | | | | | | * | | | | | | * | | |
Michael Carpenter**(9) | | | | | 16,289 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Roxanne S. Austin(10) | | | | | 26,754 | | | | | | * | | | | | | 104,063 | | | | | | * | | | | | | * | | |
Cary J. Davis(11) | | | | | 24,482 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Sameer K. Gandhi(12) | | | | | 928,138 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Denis O’Leary(13) | | | | | 35,885 | | | | | | * | | | | | | 92,629 | | | | | | * | | | | | | * | | |
Laura J. Schumacher | | | | | 2,005 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Godfrey R. Sullivan(14) | | | | | 21,785 | | | | | | * | | | | | | 280,000 | | | | | | 1.48% | | | | | | * | | |
Gerhard Watzinger(15) | | | | | 24,322 | | | | | | * | | | | | | 170,000 | | | | | | * | | | | | | * | | |
All directors, director nominees and executive officers as a group
(10 persons)(16) |
| | | | 2,576,114 | | | | | | 1.21% | | | | | | 13,248,758 | | | | | | 68.33% | | | | | | 33.19% | | |
Proposal
|
| |
Board Recommendation
|
| |||
1. | | | Elect nominees Cary J. Davis, George Kurtz and Laura J. Schumacher to the Board of Directors to hold office until the 2025 Annual Meeting of Stockholders. | | | FOR all nominees | |
2. | | | Ratify the selection of PricewaterhouseCoopers LLP as CrowdStrike’s independent registered public accounting firm for its fiscal year ending January 31, 2023. | | | FOR | |
Proposal
|
| |
Voting
Options |
| |
Vote Required to Adopt
the Proposal |
| |
Effect of
Abstentions |
| |
Effect of
“Broker Non-Votes” |
|
1.
Election of the Class III director nominees Cary J. Davis, George Kurtz and Laura J. Schumacher
|
| | For or withhold on each nominee. | | | The three nominees who receive the most “FOR” votes will be elected. | | | N/A. | | | No effect. No broker discretion to vote. | |
2.
Ratification of the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending January 31, 2023
|
| | For, against, or abstain. | | | The affirmative “FOR” vote of a majority of the votes cast on the matter is required to ratify the selection of PricewaterhouseCoopers LLP. | | | No effect. | | | N/A. Brokers have discretion to vote. | |
| | | | By Order of the Board of Directors | |
| | | |
|
|
| | | |
George Kurtz
President, Chief Executive Officer and Director |
|
| | |
Year Ended January 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
GAAP loss from operations | | | | $ | (142,548) | | | | | $ | (92,529) | | |
Add: Stock-based compensation expense
|
| | | | 309,952 | | | | | | 149,675 | | |
Add: Amortization of acquired intangible assets
|
| | | | 12,902 | | | | | | 1,448 | | |
Add: Acquisition-related expenses
|
| | | | 6,369 | | | | | | 3,758 | | |
Add: Legal reserve and settlement charges
|
| | | | 9,500 | | | | | | — | | |
Non-GAAP income from operations | | | | $ | 196,175 | | | | | $ | 62,352 | | |
| | |
Year Ended January 31,
|
| |||||||||
| | |
2022
|
| |
2021
|
| ||||||
GAAP net loss attributable to CrowdStrike | | | | $ | (234,802) | | | | | $ | (92,629) | | |
Add: | | | | | | | | | | | | | |
Stock-based compensation expense
|
| | | | 309,952 | | | | | | 149,675 | | |
Amortization of acquired intangible assets
|
| | | | 12,902 | | | | | | 1,448 | | |
Acquisition-related expenses
|
| | | | 6,369 | | | | | | 3,758 | | |
Amortization of debt issuance costs and discounts
|
| | | | 2,187 | | | | | | 347 | | |
Legal reserve and settlement charges
|
| | | | 9,500 | | | | | | — | | |
Provision for income taxes(1)
|
| | | | 57,236 | | | | | | — | | |
Less: | | | | | | | | | | | | | |
Gains and other income from strategic investments attributable to CrowdStrike
|
| | | | (2,688) | | | | | | — | | |
Non-GAAP net income attributable to CrowdStrike | | | | $ | 160,656 | | | | | $ | 62,599 | | |
GAAP net loss per share attributable to CrowdStrike common stockholders, basic and diluted | | | | $ | (1.03) | | | | | $ | (0.43) | | |
Add: | | | | | | | | | | | | | |
Stock-based compensation
|
| | | | 1.30 | | | | | | 0.64 | | |
Amortization of acquired intangible assets
|
| | | | 0.05 | | | | | | 0.01 | | |
Acquisition-related expenses
|
| | | | 0.03 | | | | | | 0.02 | | |
Amortization of debt issuance costs and discounts
|
| | | | 0.01 | | | | | | — | | |
Legal reserve and settlement charges
|
| | | | 0.04 | | | | | | — | | |
Provision for income taxes(1)
|
| | | | 0.24 | | | | | | — | | |
Adjustment to fully diluted earnings per share(2)
|
| | | | 0.04 | | | | | | 0.03 | | |
Less: | | | | | | | | | | | | | |
Gains and other income from strategic investments attributable to CrowdStrike
|
| | | | (0.01) | | | | | | — | | |
Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | | | | $ | 0.67 | | | | | $ | 0.27 | | |
Weighted-average shares used in computing GAAP net loss per share attributable to CrowdStrike common stockholders, basic and diluted
|
| | | | 227,142 | | | | | | 217,756 | | |
Weighted-average shares used in computing Non-GAAP net income per share attributable to CrowdStrike common
stockholders, diluted |
| | | | 238,123 | | | | | | 234,356 | | |