Item 2.02   Results of Operations and Financial Condition
On January 8, 2021, New Relic, Inc. (the "Company") issued a press release that
included indications of preliminary financial performance with respect to
revenue and annual recurring revenue for the third fiscal quarter ended December
31, 2020. A copy of the press release is furnished pursuant to Item 2.02 as
Exhibit 99.1 to this Current Report on Form 8-K.
These indications of preliminary financial performance are based on information
available to the Company as of the date of this Current Report on Form 8-K and
are subject to the completion of the Company's quarter-end financial closing
procedures and review by the Company's independent registered public accounting
firm.
The information in this Item 2.02, including the press release attached as
Exhibit 99.1 hereto, is furnished pursuant to Item 2.02 but shall not be deemed
"filed" for any purpose, including for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that Section, nor shall it be deemed to be
incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, whether made before or after the date hereof,
regardless of any general incorporation language in such filing.


Item 5.02   Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Resignation of President and Chief Operating Officer
On January 5, 2021, Michael Christenson, President and Chief Operating Officer
of the Company, resigned from his position as President effective immediately
and as Chief Operating Officer effective as of March 31, 2021. Mr. Christenson's
decision did not impact his continuing role as a member of the Company's board
of directors (the "Board").
After receipt of his resignation, the Company offered, and Mr. Christenson
agreed, to a continued employment relationship with the Company from and after
April 1, 2021, serving as an advisor to the chief executive officer. The
compensation terms for the role were captured in an Amended Terms of Employment
Agreement, executed on January 5, 2021, which will revise Mr. Christenson's cash
compensation to constitute an annual salary of $100,000 (the "Amended Employment
Agreement").
The foregoing description of the Amended Employment Agreement is not intended to
be complete and is qualified in its entirety by reference to the full text of
the form of the agreement, which will be filed as an exhibit to the Company's
Annual Report on Form 10-K for the year ended March 31, 2021.
Appointment of President and Chief Product Officer
On January 5, 2021, the Board promoted William Staples to the role of President
in addition to his role as Chief Product Officer of the Company. The
Compensation Committee of the Board met on January 5, 2021 and, effective with
his promotion, increased Mr. Staples' annual base salary from $400,000 to
$420,000 and increased his target annual cash bonus opportunity percentage from
75% to 90% of his base salary.
William Staples, age 48, has served as Chief Product Officer of the Company
since February 2020. From September 2017 to January 2020, Mr. Staples served as
the Vice President of Experience Cloud Engineering at Adobe Inc., where he led
the global engineering team behind Adobe Inc.'s market-leading Experience Cloud.
From 1999 to March 2016, Mr. Staples served in various product, design and
engineering roles at Microsoft, Inc., most recently as Vice President of Azure
Application Platform. He holds a B.S. from the University of Utah.
There are no family relationships between Mr. Staples and any director or
executive officer of the Company, there is no arrangement or understanding
between Mr. Staples and any other person pursuant to which he was selected to
serve as the Company's President and Chief Product Officer, and there are no
relationships or related transactions between Mr. Staples and the Company that
would be required to be reported under Item 404(a) of Regulation S-K.
Other than the foregoing, the Company has not entered into or materially amended
any material plan, contract or arrangement with Mr. Christenson or Mr. Staples.

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Item 9.01 Financial Statements and Exhibits



(d) Exhibits

Exhibit
Number                 Description
  99.1                 Press release, dated January 8, 2021, issued by New Relic, Inc.
                       Cover Page Interactive Data File - the cover page XBRL tags are embedded
104                    within the Inline XBRL document.

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