SUPPLEMENT TO THE
PROXY STATEMENT OF
CORNERSTONE ONDEMAND, INC.
FOR THE 2020 ANNUAL MEETING OF STOCKHOLDERS
To Be Held on Thursday, June 25, 2020
at 1:00 p.m. Pacific Time
This proxy statement supplement (this Supplement), dated May 11, 2020, supplements the definitive proxy statement on
Schedule 14A (the Proxy Statement) of Cornerstone OnDemand, Inc. (the Company) dated April 28, 2020 and made available to stockholders in connection with the Annual Meeting of Stockholders to be held on
June 25, 2020. Except as specifically supplemented by the information contained in this Supplement, all information set forth in the Proxy Statement continues to apply and should be considered in voting your shares.
THE PROXY STATEMENT CONTAINS IMPORTANT INFORMATION AND THIS
SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT.
Appointment of Phil Saunders as Chief Executive Officer and Director; Appointment of Adam Miller as Co-Chairperson
of the Board
On May 6, 2020, the Board of Directors of the Company (the Board) appointed Phil Saunders as the Chief
Executive Officer of the Company (CEO), effective June 15, 2020, and as a member of the Board, effective July 1, 2020. In connection with Mr. Saunders appointment to the Board, the Board expanded its size to ten
members and appointed Mr. Saunders to fill the newly created seat. Following his appointment, Mr. Saunders will serve as a member of the Board until the Companys 2021 Annual Meeting of Stockholders.
The Board also appointed Adam L. Miller as Co-Chairperson of the Board, effective June 15,
2020. Elisa A. Steele, who currently serves as Chairperson of the Board, also will become Co-Chairperson of the Board on June 15, 2020.
The following is a brief biography of Mr. Saunders and a discussion of the specific experience, qualifications, attributes and skills
that led the Board to appoint him as a director.
Philip S. Saunders
54 years old
Prior to his appointment as
CEO and a member of the Board, Mr. Saunders most recently served as the Companys interim Chief Operating Officer following the Companys acquisition in April 2020 of Saba Software, Inc., where Mr. Saunders was Chief Executive
Officer and a member of the board of directors. Prior to joining Saba in 2015, Mr. Saunders was Chief Revenue Officer and a member of the board of directors of Gemalto N.V. (previously SafeNet, Inc.).
Specific Expertise: Mr. Saunders has developed deep knowledge of the people development solutions business, the global Software-as-a-Service marketplace, and the competitive environment from his time at the Company and Saba, including his executive roles
and directorships.
Other than as specified above, no items presented in the Proxy Statement are affected by this Supplement, and you
should carefully review the Proxy Statement prior to voting your shares.
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By order of the Board of Directors
/s/ Adam L. Miller
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/s/ Elisa A. Steele
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Adam L. Miller
Chief Executive Officer
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Elisa A. Steele
Chair of the Board of
Directors
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Santa Monica, California
May 11, 2020