8-K

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)

June 16, 2020

PALO ALTO NETWORKS, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-35594

20-2530195

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3000 Tannery Way

Santa Clara, California 95054

(Address of principal executive office, including zip code)

(408) 753-4000

(Registrant’s telephone number, including area code)

Not Applicable

(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):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common stock, $0.0001 par value per share

PANW

New York Stock Exchange

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.

On June 16, 2020, Kathy Bonanno notified Palo Alto Networks, Inc. (the “Company”) of her intention to resign from her position as Executive Vice President, Chief Financial Officer of the Company, to pursue another opportunity. Ms. Bonanno agreed to stay on as the Company’s Chief Financial Officer until July 31, 2020.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description of Exhibit

	99.1	Press release dated as of June 22, 2020.

	104	Cover Page Interactive Data File (formatted as Inline XBRL).

SIGNATURES

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.


		PALO ALTO NETWORKS, INC.

By:		/s/ Nikesh Arora
		Nikesh Arora
		Chief Executive Officer

Date: June 22, 2020

EX-99.1

Exhibit 99.1

Palo Alto Networks CFO Kathy Bonanno Announces Departure

Bonanno to remain in position through end of FY2020

SANTA CLARA, Calif., June 22, 2020 — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, today announced the departure of chief financial officer (CFO) Kathy Bonanno, who is leaving the company after more than six years to become business finance officer of Google’s Cloud division.

Bonanno joined Palo Alto Networks in 2014, becoming executive vice president and CFO in 2017.

“Kathy has presided over our financial team during Palo Alto Networks’ tremendous expansion into a multi-platform security company,” said Nikesh Arora, chairman and CEO, Palo Alto Networks. “She has chosen a close partner of ours for her next career step - one I know very well, and that has equally amazing people. I would like to thank Kathy for her many contributions to our company, and wish her the very best and continued success in her new role.”

Bonanno will continue in her role through the end of the fiscal year to ensure a smooth transition of responsibilities to her successor. Palo Alto Networks expects to name a new CFO later this week.

About Palo Alto Networks

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world’s greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com.

Palo Alto Networks and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

SOURCE Palo Alto Networks, Inc.

Media Contact:

Mara Mort

Senior Director of Corporate Communications, Palo Alto Networks

Mobile: 1-415-850-8645

mmort@paloaltonetworks.com

Investor Relations Contact:

David Niederman

Vice President of Investor Relations, Palo Alto Networks

Office: 1-669-400-7323

dniederman@paloaltonetworks.com

Document and Entity Information	Jun. 16, 2020
Cover [Abstract]
Entity Registrant Name	Palo Alto Networks Inc
Amendment Flag	false
Entity Central Index Key	0001327567
Document Type	8-K
Document Period End Date	Jun. 16, 2020
Entity Incorporation State Country Code	DE
Entity File Number	001-35594
Entity Tax Identification Number	20-2530195
Entity Address, Address Line One	3000 Tannery Way
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054
City Area Code	(408)
Local Phone Number	753-4000
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common stock, $0.0001 par value per share
Trading Symbol	PANW
Security Exchange Name	NYSE
Entity Emerging Growth Company	false