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
September 25, 2015
Date of Report (Date of earliest event reported)
New Relic, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-36766 | 26-2017431 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
188 Spear Street, Suite 1200
San Francisco, California 94105
(Address of principal executive offices, including zip code)
(650) 777-7600
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 25, 2015, Chris Cook, the President and Chief Operating Officer of New Relic, Inc. (the “Company”), resigned from his position as the Company’s President effective October 1, 2015 and announced his intention to resign from his position as the Company’s Chief Operating Officer effective in January 2016.
On September 30, 2015, the Company’s board of directors promoted Hilarie Koplow-McAdams, the Company’s Chief Revenue Officer, to the role of President effective October 1, 2015.
Ms. Koplow-McAdams, age 52, served as the Company’s Chief Revenue Officer from December 2013 until her promotion to President effective October 1, 2015. From April 2013 to November 2013, Ms. Koplow-McAdams served as President of Global Sales at salesforce.com, inc., a software company. Ms. Koplow-McAdams also held a variety of other positions at salesforce.com, including President of the Commercial and SMB unit from February 2012 to April 2013, Executive Vice President of Worldwide Sales from May 2010 to February 2012, and Executive Vice President of Global Corporate Sales from May 2008 to May 2010. From 2006 to 2008, Ms. Koplow-McAdams served as Vice President of Direct Sales at Intuit Inc., a software company. In addition, Ms. Koplow-McAdams previously served in various senior sales roles at Oracle Corporation, a computer technology company. Her last position held at that company was Senior Vice President of Oracle Direct. Ms. Koplow-McAdams holds a B.A. in Sociology from Mills College and a Masters of Arts in Public Policy from the University of Chicago. Ms. Koplow-McAdams is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The Company has not entered into or materially amended any material plan, contract or arrangement with either Mr. Cook or Ms. Koplow-McAdams in connection with the foregoing.
A copy of the press release announcing these management changes is attached as Exhibit 99.1 to this Current Report.
| Item 9.01 | Financial Statements and Exhibits |
| (d) | Exhibits |
| Exhibit Number |
Description | |
| 99.1 | Press release, dated October 1, 2015, issued by New Relic, Inc. | |
SIGNATURES
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 hereunto duly authorized.
| New Relic, Inc. | ||||||
| Date: October 1, 2015 | By: | /s/ Mark Sachleben | ||||
| Mark Sachleben | ||||||
| Chief Financial Officer | ||||||
INDEX TO EXHIBITS
| Exhibit Number |
Description | |
| 99.1 | Press release, dated October 1, 2015, issued by New Relic, Inc. | |
Exhibit 99.1
New Relic Promotes Hilarie Koplow-McAdams to President
President and COO Chris Cook to Depart Following End of Calendar Year
SAN FRANCISCO — October 1, 2015 — Software analytics company New Relic, Inc. (NYSE: NEWR) announced that current Chief Revenue Officer Hilarie Koplow-McAdams has been promoted to the role of President. In this expanded role, she is responsible for managing the company’s full go-to-market strategy and continues to report directly to CEO and Founder Lew Cirne.
“This is an extremely well-deserved promotion for Hilarie. Since joining New Relic from Salesforce nearly two years ago, she has proven to be a remarkable leader, delivering continued success across the board,” said Cirne. “In her new role, she will lead our unified go-to-market organization, with the goal of further accelerating our mission of helping organizations build the best modern software possible.”
The company also announced that after more than four years in the role of President and Chief Operating Officer, Chris Cook, is resigning so that he may pursue opportunities in a CEO role. During his tenure, Cook was responsible for managing New Relic’s day-to-day business operations, and helped to build and scale the company across all aspects of the business, including multiple product lines and geographies. He plans to stay with New Relic as Chief Operating Officer until January 2016 to ensure a smooth leadership transition.
“I want to express my gratitude to Chris for being a true partner to me in scaling New Relic from the ground up,” added Cirne. “And, I’m incredibly proud of him for pursuing his long-held objective of leading a high growth company as CEO. I trust that he will, no doubt, be incredibly successful in his future endeavors.”
Cirne will now have three direct reports, each responsible for leading the company’s core, interdependent functional teams:
| • | Chief Product Officer Jim Gochee remains responsible for the product and engineering organizations, as announced in August. |
| • | As President, Hilarie Koplow-McAdams is now responsible for a unified go-to-market organization, including business development, customer success, sales, and technical services and support. She adds the marketing organization under her leadership. |
| • | Chief Financial Officer Mark Sachleben is responsible for the entire G&A organization, adding people operations, IT, facilities, and business enablement under his leadership. |
About New Relic
New Relic is a software analytics company that delivers real-time insights to more than 500,000 users and 12,000 paid business accounts. As a multi-tenant SaaS platform, the New Relic Software Analytics Cloud helps companies securely monitor their production software in virtually any environment, without having to build or maintain dedicated infrastructure. New Relic helps companies improve application performance, create delightful customer experiences, and realize business success. Learn more at newrelic.com.
New Relic is a registered trademark of New Relic, Inc.
All product and company names herein may be trademarks of their registered owners.
This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding Cook’s resignation as Chief Operating Officer, the contributions of New Relic’s management and potential benefits to the company and its customers. The achievement or success of the matters covered by such forward-looking statements are based on New Relic’s current assumptions, expectations, and beliefs and are subject to substantial risks, uncertainties, assumptions, and changes in circumstances that may cause New Relic’s actual results, performance, or achievements to differ materially from those expressed or implied in any forward-looking statement. Further information on factors that could affect New Relic’s financial and other results and the forward-looking statements in this press release is included in the filings New Relic makes with the SEC from time to time, including in New Relic’s most recent Form 10-Q, particularly under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Copies of these documents may be obtained by visiting New Relic’s Investor Relations website at http://ir.newrelic.com or the SEC’s website at www.sec.gov. New Relic assumes no obligation and does not intend to update these forward-looking statements, except as required by law.