SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2013
Qlik Technologies Inc.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (888) 828-9768
(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:
On October 25, 2012, Qlik Technologies Inc. (the Company) received notice from the staff of The Nasdaq Stock Market (NASDAQ) indicating that due to John Burris death on October 19, 2012, NASDAQ had determined that the Company no longer complied with NASDAQs audit committee requirement of maintaining committee membership by at least three independent directors, as set forth in Marketplace Rule 4350 (the Rule), by having only two members on the Audit Committee of the Companys Board of Directors. NASDAQ granted the Company the following cure period to regain compliance with the audit committee membership requirements: (i) until the earlier of the Companys next annual meeting of stockholders or October 19, 2013, or (ii) if the Companys next annual meeting of stockholders is held before April 17, 2013, until April 17, 2013.
In connection with the election of Steffan C. Tomlinson to the Companys Board of Directors and his appointment to the Audit Committee of the Companys Board of Directors, as described below in Item 5.02, the Company returned to compliance with the Rule.
(d) On January 29, 2013, the Company announced that, based upon the recommendation of the Nominating/Corporate Governance Committee of the Board of Directors, the Board of Directors has elected Steffan C. Tomlinson, age 41, as a director, with his initial term expiring at the Companys 2015 annual meeting of stockholders, effective as of January 28, 2013. Mr. Tomlinson has also been appointed to the Audit Committee of the Companys Board of Directors. The Board of Directors has determined that Mr. Tomlinson is an independent director in accordance with applicable rules of the Securities and Exchange Commission and NASDAQ and that Mr. Tomlinson satisfies the independence requirements for Audit Committee members as set forth in the applicable listing standards of NASDAQ.
Mr. Tomlinson has served as the chief financial officer of Palo Alto Networks since February 2012. From September 2011 to January 2012, Mr. Tomlinson was chief financial officer at Arista Networks, Inc., a provider of cloud networking solutions. From April 2011 to September 2011, Mr. Tomlinson was a partner and chief administrative officer at Silver Lake Kraftwerk, a private investment firm. From September 2005 to March 2011, Mr. Tomlinson was chief financial officer of Aruba Networks, Inc., a provider of intelligent wireless LAN switching systems. From 2000 until its acquisition by Juniper Networks, Inc., a supplier of network infrastructure products and services, in 2005, Mr. Tomlinson served in several roles, including chief financial officer, at Peribit Networks, Inc., a provider of WAN optimization technology. Mr. Tomlinson holds an M.B.A. from Santa Clara University and a B.A. in Sociology from Trinity College.
Pursuant to the Companys non-employee director compensation program, Mr. Tomlinson will be granted a restricted stock unit award having a fair market value of $175,000 as of the date of award. In addition, he will be eligible to receive, upon the conclusion of each annual meeting of stockholders, other than the Companys 2013 annual meeting of stockholders, an equity award with a fair market value of $175,000. The initial restricted stock unit award and the annual equity grant will vest in full on the earliest of (i) the one year anniversary of the respective grant date, (ii) the death of Mr. Tomlinson or (iii) a change of control of the Company. Mr. Tomlinson will also receive a $40,000 annual fee for his service as a director. The non-employee director compensation program is described in further detail in the Companys Definitive Proxy Statement for its 2012 annual meeting of stockholders filed with the Securities and Exchange Commission on April 2, 2012.
Mr. Tomlinson and the Company will enter into an indemnification agreement requiring the Company to indemnify him to the fullest extent permitted under Delaware law with respect to his service as a director. The indemnification agreement will be in the form entered into with the Companys other directors and executive officers. This form is attached hereto as Exhibit 99.2.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 30, 2013