Form 8-K A10 Networks, Inc. For: May 02
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
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(Exact name of the registrant as specified in its charter)
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(Address of principal executive offices, including zip code)
(408 ) 325-8668
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Not Applicable
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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e)
As previously disclosed, Sheen Khoury was terminated as the Executive Vice President, Worldwide Sales and Marketing of A10 Networks, Inc. (the “Company”) on April 27, 2026, effective immediately.
In connection with Mr. Khoury’s termination, on May 2, 2026, the Company and Mr. Khoury executed a Separation Agreement and Release (the “Separation Agreement”), effective on the eighth day after Mr. Khoury signed the Separation Agreement, so long as the Separation Agreement has not been revoked by the Company or Mr. Khoury on or before such date (the “Effective Date”).
Pursuant to the Separation Agreement, on the Effective Date, and in consideration of Mr. Khoury’s delivery of an effective release of claims, the following equity awards’ vesting will be accelerated: (i) certain of Mr. Khoury’s restricted stock units representing 11,667 shares of the Company’s common stock (“Common Stock”) under the terms of the Company’s 2023 Stock Inventive Plan (the “2023 Plan”), for which the applicable vesting conditions were nearly met at the time of Mr. Khoury’s termination; and (ii) certain of Mr. Khoury’s performance-based restricted stock units tied to certain stock price thresholds, representing an aggregate of 21,385 shares of Common Stock under the 2023 Plan, for which the applicable performance-vesting conditions were met and service-vesting conditions were nearly met. Other than the foregoing, no other compensation or benefits will be provided to Mr. Khoury in connection with his termination.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 7, 2026
| A10 NETWORKS, INC. | |||||
| By: /s/ Scott Weber | |||||
| Scott Weber | |||||
| General Counsel | |||||
ATTACHMENTS / EXHIBITS
XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT
XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT