SECURITIES AND EXCHANGE COMMISSION
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|Item 5.02|| |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 13, 2021, the board of directors of Cornerstone OnDemand, Inc. appointed Chirag Shah as Chief Financial Officer and principal financial officer, effective February 1, 2021. Mr. Shah succeeds Trish Coughlin, who stepped down as interim Chief Financial Officer upon the effectiveness of Mr. Shah’s appointment. Ms. Coughlin will resume the usual scope of her duties as Chief Accounting Officer and principal accounting officer.
Chirag Shah, age 36, has been with Cornerstone since July 2009, serving in finance and corporate strategy roles of increasing responsibility, and most recently as Cornerstone’s Senior Vice President and General Manager of Growth Markets. Prior to joining Cornerstone, Mr. Shah worked as an investment banker in mergers and acquisitions for Houlihan Lokey from July 2006 to June 2009. Mr. Shah holds a B.S. in Finance from Georgetown University and an M.B.A from the Kellogg School of Management at Northwestern University.
There are no arrangements or understandings between Mr. Shah and any other persons pursuant to which he was selected as Chief Financial Officer. There are also no family relationships between Mr. Shah and any director or executive officer of Cornerstone, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
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.
|Cornerstone OnDemand, Inc.|
Chief Administrative Officer & General Counsel
Date: January 13, 2021