Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) Changes in Role and Responsibilities of Senior Vice President of Engineering
On August 28, 2020, Elastic N.V. (the "Company" or "Elastic") and Kevin Kluge,
Senior Vice President of Engineering and a named executive officer of the
Company, agreed to modify his role and responsibilities. The Company intends to
commence a search for a Chief Product Officer to oversee its engineering and
product functions. Mr. Kluge will remain an employee of Elasticsearch, Inc. and
will continue to retain his title of Senior Vice President of Engineering,
overseeing a portion of Elastic's engineering and product functions. Until the
Company appoints a Chief Product Officer, Shay Banon, the Company's founder and
Chief Executive Officer, will oversee the Company's engineering and product
functions, and Mr. Kluge will continue to report to Mr. Banon during this time.
As a result of the modifications of Mr. Kluge's role and responsibilities, he
will no longer be classified as an "executive officer" of the Company, as
defined in Rule 3b-7 under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or as an "officer" of the Company for purposes of Section 16 of
the Exchange Act.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses