Current Report Filing (8-k)
March 24 2017 - 4:17PM
Edgar (US Regulatory)
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): March 20, 2017
MICROSTRATEGY INCORPORATED
(Exact name of registrant as specified in its charter)
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Delaware
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0-24435
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51-0323571
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(State or other jurisdiction
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(Commission
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(I.R.S. Employer
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of incorporation)
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File Number)
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Identification No.)
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1850 Towers Crescent Plaza
Tysons Corner, Virginia
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22182
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code: (703)
848-8600
(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):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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Salary and Annual Cash Bonus Target Determinations for Chief Financial Officer and Chief Technology Officer
On March 20, 2017, the Chief Executive Officer (the CEO) of MicroStrategy Incorporated (the Company) approved increases to the
annual salaries of Phong Q. Le, the Companys Senior Executive Vice President & Chief Financial Officer, and Timothy E. Lang, the Companys Senior Executive Vice President & Chief Technology Officer, resulting in annual
salaries of $600,000 for Mr. Le and $450,000 for Mr. Lang. These increases are effective April 1, 2017.
Also on March 20, 2017, the
CEO established annual cash bonus targets of $500,000 for Mr. Le and $450,000 for Mr. Lang. Any award pursuant to the foregoing cash bonus targets will be determined by the CEO annually based on the CEOs subjective evaluation of each
of Messrs. Le and Langs performance in the context of general economic and industry conditions and Company performance during the applicable year.
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.
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Date: March 24, 2017
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MicroStrategy Incorporated
(Registrant)
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By:
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/s/ Phong Le
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Name:
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Phong Le
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Title:
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Senior Executive Vice President & Chief Financial Officer
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