WORKIVA INC appointed new CEO

Item 5.02(e) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of President

On February 19, 2022, Martin J. Vanderploeg notified Workiva Inc. (the "Company") of his intention to step down from his role as President of the Company, in order to more fully focus on his role as Chief Executive Officer of the Company, effective March 1, 2022. Mr. Vanderploeg will continue to serve in his capacity as Chief Executive Officer of the Company and as a member of the Board of Directors.

On February 19, 2022, the Company announced that Julie Iskow was appointed as President of the Company, effective March 1, 2022. Ms. Iskow has served as Chief Operating Officer of the Company since October 2019 and as a member of the Board of Directors since January 2021, and will continue to serve in these roles. There are no arrangements or understandings between Ms. Iskow and any other persons pursuant to which she was selected as the Company's President. There are also no family relationships between Ms. Iskow and any director or executive officer of the Company. 

The Company previously disclosed Ms. Iskow's biographical information required by Item 401(b) of Regulation S-K regarding identification of executive officers in its most recent proxy statement. Ms. Iskow does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

In connection with Ms. Iskow's appointment, the Compensation Committee of the Board of Directors (the "Committee") will grant Ms. Iskow $1,154,995 in restricted stock units ("RSUs"), as of March 1, 2022 (the "Grant Date"), pursuant to the Company's 2014 Equity Incentive Plan. The RSUs will vest in three equal annual installments commencing on the first anniversary of the Grant Date.

Leave of Absence of Chief Customer Officer

On February 20, 2022, Mithun Banarjee informed the Company that he is stepping down from his role as Chief Customer Officer, in order to take a six month, unpaid temporary leave of absence for personal reasons, effective March 1, 2022. In connection with this leave of absence, Mr. Banarjee will continue to be employed by the Company but will cease to perform duties as an executive officer. 

On February 21, 2022, in connection with Mr. Banarjee's leave of absence and reduction of duties, the Company and Mr. Banarjee entered into an amendment to Mr. Banarjee's Amended and Restated Employment Agreement (the "Agreement") which provides for his continued employment during his leave of absence and modifies the definition of a termination for good reason to exclude changes in employment responsibilities. 

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the copy of the Agreement filed as Exhibit 99.1 to this report.

Reduction in duties of the Chief Technology Officer

On February 21, 2022, Jeffrey D. Trom, the Company's Executive Vice President and Chief Technology Officer, informed the Company that he will continue to serve as Chief Technology Officer in a half time capacity, effective March 1, 2022, and in connection therewith will surrender certain of his administrative duties as an executive officer to focus on technology. Mr. Trom will receive a 50% reduction in base compensation as a result of this change.