Current Report Filing (8-k)
January 27 2023 - 4:18PM
Edgar (US Regulatory)
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2023-01-26
2023-01-26
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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): January 26, 2023
WORKDAY, INC.
(Exact name of Registrant as specified in its
charter)
Delaware |
|
001-35680 |
|
20-2480422 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I. R. S. Employer
Identification No.) |
6110 Stoneridge Mall Road
Pleasanton, California 94588
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (925) 951-9000
N/A
(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):
¨ |
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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol(s) |
|
Name of each exchange
on which registered |
Class A Common Stock, par value $0.001 |
|
WDAY |
|
The Nasdaq Stock Market LLC
(Nasdaq
Global Select Market) |
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 5.03 - Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal
On January 26, 2023, in connection with the
effectiveness of new Securities and Exchange Commission (the “SEC”) rules regarding universal proxy cards, certain recent
changes to the Delaware General Corporation Law (the “DGCL”), and a periodic review of the bylaws of Workday, Inc. (“Workday”),
the Board of Directors of Workday (the “Board”) approved and adopted Workday’s amended and restated bylaws (the “Amended
and Restated Bylaws”), effective immediately, to, among other things:
| · | update and revise the advance notice provisions for the nomination of directors
or the proposal of other business at meetings of stockholders, including requiring additional background information and disclosures regarding
proposing stockholders, proposed nominees and business, and other persons related to a stockholder’s solicitation of proxies, such
as additional information about the ownership of securities and material litigation, relationships and interests in material agreements
with or involving Workday or a competitor of Workday; |
| · | address the universal proxy rules adopted by the SEC by clarifying that no
person may solicit proxies in support of a director nominee other than the Board’s nominees unless such person has complied with
Rule 14a-19 under the Securities Exchange Act of 1934, as amended, including applicable notice and solicitation requirements; |
| · | update the provision related to the conduct of stockholder meetings, including
clarifying that the presiding person of a stockholder meeting may set additional attendance or other procedures for meeting attendees
and Rule 14a-18 proponents; |
| · | require that any stockholder directly or indirectly soliciting proxies from
other stockholders use a proxy card color other than white; |
| · | address procedural matters in light of recent amendments to the DGCL, such
as adjournment and lists of stockholders entitled to vote at stockholder meetings; |
| · | add an emergency bylaw provision to provide clarity and authority to directors
and certain officers during an emergency situation that would otherwise prevent a quorum of the Board or a committee thereof from being
achieved; |
| · | provide clarity regarding the terms and procedures for Workday’s indemnification
of its directors and officers; |
| · | revise the exclusive forum provision to provide for the Delaware Court of
Chancery (or, absent jurisdiction, the federal district court for the District of Delaware) as the exclusive forum for certain corporate
law-related claims; and |
| · | make various other conforming, technical, modernizing and clarifying changes. |
The foregoing summary and description of the provisions
of the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the
Amended and Restated Bylaws, a copy of which is filed as Exhibit 3.1 with this Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number |
|
Description |
3.1 |
|
Amended and Restated Bylaws |
|
|
104 |
|
Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) |
Signature
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 27, 2023
|
Workday, Inc. |
|
|
|
/s/ Richard H. Sauer |
|
Richard H. Sauer |
|
Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary |
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