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): May 31, 2017
Apptio, Inc.
(Exact name of Registrant as Specified in Its Charter)
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Delaware |
001-37885 |
26-1175252 |
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(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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11100 NE 8th Street, Suite 600
Bellevue, WA |
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98004 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
Registrant’s Telephone Number, Including Area Code: (866) 470-0320
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 31, 2017, the Board of Directors (the “Board”) of Apptio, Inc. (the “Company”) increased the size of the Board to eight directors, and appointed Kathleen Philips to serve as a director of the Company, with the appointment effective immediately. Ms. Philips has been with Zillow Group, Inc. since 2010, and has served as Zillow Group’s chief financial officer and treasurer since August 2015, chief legal officer since September 2014, and secretary since July 2010. Ms. Philips has also been appointed to serve on the Audit Committee and Compensation Committee of the Company. Ms. Philips will participate in the standard compensation program for non-employee directors, as set forth in the Company’s Outside Directors Compensation Policy, a copy of which was filed with the Company’s Form S-1/A on September 12, 2016. In addition, the Company expects to enter into an indemnification agreement with Ms. Philips in substantially the form filed as Exhibit 10.10 to its Form S-1 filed on August 26, 2016. There is no arrangement or understanding pursuant to which Ms. Philips was appointed as a director, and there are no related party transactions between the Company and Ms. Philips that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the Company’s press release is attached as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
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Description |
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99.1 |
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Press release issued by Apptio, Inc. dated June 1, 2017. |
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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 thereunto duly authorized.
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Apptio, Inc. |
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Date: June 1, 2017 |
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By: |
/s/ John Morrow |
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John Morrow |
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EVP, Corporate Development, General Counsel and Secretary |
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Exhibit Number |
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Description |
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99.1 |
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Press release issued by Apptio, Inc. dated June 1, 2017. |
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EXHIBIT 99.1
APPTIO APPOINTS ZILLOW GROUP CFO KATHLEEN PHILIPS TO BOARD OF DIRECTORS
Bellevue, WA. – June 1, 2017 – Apptio, the business management system of record for hybrid IT, is proud to announce the appointment of Kathleen Philips to its Board of Directors. Kathleen currently serves as chief financial officer of Zillow Group and will bring her expertise to Apptio’s Audit and Compensation Committees.
“Kathleen’s unique financial, legal and operations background scaling Zillow Group make her a natural fit for our board,” said Apptio CEO, Sunny Gupta. “As a CFO, she will also provide guidance on how to scale Apptio’s financial transparency and planning applications to thousands of IT leaders across the enterprise.”
“As a market leader, Apptio is led by an incredible team and I am honored to be a part of their mission to bring IT cost transparency, planning and optimization to thousands of CIOs and CFOs,” said Philips. “As a senior leader at Zillow Group, I’ve had the opportunity to contribute to our organization’s growth and am eager to do the same at Apptio.”
Kathleen joined Zillow in 2010 as general counsel, and served as chief operating officer from 2013 to 2015. Kathleen has played a pivotal role in all of Zillow Group’s key corporate finance initiatives including Zillow’s 2011 initial public offering, two follow-on equity offerings, and all 13 of the company’s acquisitions, including Trulia, StreetEasy, HotPads and Naked Apartments. As COO, she ran mergers and acquisitions, corporate development, human resources, legal and customer support.
Kathleen has received numerous awards including: Puget Sound Business Journal’s 2017 Chief Financial Officer of the Year for a large public company, Puget Sound Business Journal’s 2012 Outstanding Corporate Counsel of the Year, Seattle Business Magazine’s 2013 General Counsel of the Year, San Francisco Business Times’ 2013 Corporate Counsel of the Year finalist, and honoree in San Francisco Business Times’ Most Influential Women in Bay Area Business 2014.
Before joining Zillow, Kathleen served as General Counsel of Hotwire, StubHub, Flip Video camera maker Pure Digital Technologies, and FanSnap.
Kathleen received her juris doctor with honors from University of Chicago Law School, and received her bachelor’s degree with distinction from the University of California, Berkeley. She currently serves on the Visiting Committee of the University of Chicago Law School.
Kathleen’s board appointment began on May 31, 2017.
About Apptio
Apptio (NASDAQ: APTI) is the business management system of record for hybrid IT. We transform the way IT runs its business and makes decisions. With our cloud-based applications, IT leaders manage, plan and optimize their technology investments across on-premises and cloud. With Apptio, IT leaders become strategic partners to the business by demonstrating value of IT investments, accelerate innovation and shift their technology investments from running the business to digital innovation. Hundreds of customers, including more than 40 percent of the Fortune 100, choose Apptio as their business system of record for hybrid IT. For more information, please visit www.Apptio.com.
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Sarah Vreugdenhil
Director, Corporate Communications
pr@apptio.com