Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 13, 2023, upon the recommendation of its nominating and corporate
governance committee, the Board of Directors (the "Board") of Tenable Holdings,
Inc. (the "Company") appointed Margaret Keane to serve as a director of the
Company effective June 13, 2023. Ms. Keane will serve as a Class III director
whose term will expire at the 2024 Annual Meeting of Stockholders, and she will
serve as a member of the compensation committee and the cybersecurity risk
management committee of the Board.
There is no arrangement or understanding between Ms. Keane and any other person
pursuant to which she was selected as a director of the Company, and there is no
family relationship between Ms. Keane and any of the Company's other directors
or executive officers. The Company is not aware of any transaction involving Ms.
Keane requiring disclosure under Item 404(a) of Regulation S-K. Additional
information about Ms. Keane is set forth below:
Margaret Keane, age 63, previously served as executive chair of the board of
directors of Synchrony Financial ("Synchrony"), a consumer financial services
company, from April 2021 to April 2023. Ms. Keane served as Synchrony's chief
executive officer from February 2014 to March 2021 and president from February
2014 to May 2019. She previously served as the chief executive officer and
president of the North American retail finance business of the General Electric
Company ("GE") from April 2011 to February 2014. Additionally, Ms. Keane has
served as a member of Synchrony's board of directors since 2013 and a member of
the board of directors of Synchrony Bank since 2009. She previously served in
various roles with GE and GE Capital Corporation. She serves on the board of
directors for the Allstate Corporation, an insurance company, a position she has
held since April 2018. Ms. Keane earned a bachelor's degree in government and
politics and an MBA from St. John's University. The Board believes that Ms.
Keane's extensive experience in managing technology companies and her experience
as a director of public companies provides her with the qualifications and
skills to serve as a director of the Company.
Upon commencement of her service as a director on June 13, 2023, the Board
granted Ms. Keane 9,562 restricted stock units, with one-third of the shares
underlying the restricted stock units vesting on each anniversary of the grant
date such that the award will be fully vested after three years, subject to Ms.
Keane's continued service as a director through the applicable vesting dates and
accelerated vesting in specified circumstances. Additionally, the Board approved
the following compensation for Ms. Keane for her service on the Board for the
year ending December 31, 2023, to be pro-rated for her 2023 service and subject
to her continued service through the applicable payment dates:
•Board Service Retainer: $35,000
•Compensation Member Service Retainer: $6,000
•Cybersecurity Member Service Retainer: $5,000
Ms. Keane has also entered into the Company's standard form of indemnification
agreement.
Item 7.01 Regulation FD Disclosure.
On June 13, 2023, Tenable issued a press release relating to the appointment of
Ms. Keane to the Board. A copy of the press release is furnished as Exhibit 99.1
to this Current Report on Form 8-K.
The information in this Item 7.01 of this Current Report on 8-K (including
Exhibit 99.1) is furnished and shall not be deemed "filed" for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the
liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of
1933, as amended. The information shall not be deemed incorporated by reference
into any other filing with the Securities and Exchange Commission made by the
Company, whether made before or after today's date, regardless of any general
incorporation language in such filing, except as shall be expressly set forth by
specific references in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit Number Description
99.1 Press Release dated June 13, 2023
101.SCH Inline XBRL Taxonomy Extension Schema Document.
101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104 The cover page from Tenable's 8-K filed on June 14, 2023, formatted in
Inline XBRL.
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