UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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)

March 7, 2013

 

 

Splunk Inc.

(Exact name of registrant as specified in its charter)

 

 

250 Brannan Street

San Francisco, California 94107

(Address of principal executive offices, including zip code)

 

(415) 848-8400

(Registrant’s telephone number, including area code)

 

 

(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 Instruction A.2. below):

 

o          Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o          Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o          Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o          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.

 

Approval of Executive Participation in Executive Bonus Plan for Fiscal Year 2014

 

On March 7, 2013, the compensation committee (the “Compensation Committee”) of the board of directors (the “Board”) of Splunk Inc. (the “Company”) determined the target awards and payout formulas for fiscal year 2014 under the Company’s previously approved Executive Bonus Plan (the “2014 Bonus Program”). The Executive Bonus Plan allows the Board or the Compensation Committee to provide cash incentive awards to certain of the Company’s employees, including the Company’s named executive officers, based upon performance goals established by the Board or the Compensation Committee.

 

For each executive officer participant, the Compensation Committee established a target award equal to a specified percentage of such participant’s base salary in varying ranges from 50% to 100% (the “Participant’s Target Amount”). The Compensation Committee determined a payout formula for the 2014 Bonus Program in general and for each participant individually measured on revenue growth or bookings. The payout amount can range from 0% to 200% of the Participant’s Target Amount based on actual Company performance for the corporate portion of the 2014 Bonus Program.

 

The following table shows the target bonus amounts under the 2014 Bonus Program for each of the Company’s named executive officers:

 

Named Executive Officer		Title		Participant’s Target Amount
David F. Conte		Chief Financial Officer		60	%
Thomas E. Schodorf		Senior Vice President, Field Operations		100	%
Guido Schroeder		Senior Vice President, Products		50	%
Leonard R. Stein		Senior Vice President, General Counsel and Secretary		50	%
Godfrey R. Sullivan		President, Chief Executive Officer and Chairman		90	%

 

Salary Increase for Executive Officers

 

The Compensation Committee set the salary of the following named executive officers effective as of February 1, 2013.

 

Named Executive Officer:		FY14 Salary
David F. Conte		$	315,000
Thomas E. Schodorf		$	310,000
Guido Schroeder		$	310,000
Leonard R. Stein		$	270,000
Godfrey R. Sullivan		$	350,000

 

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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.

 

 

		SPLUNK INC.
	By:	/s/ David F. Conte
		David F. Conte
		Senior Vice President and Chief Financial Officer
Date:  March 8, 2013

 

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