EXTREME NETWORKS INC 8-K

What Happened Extreme Networks, Inc. (EXTR) filed an 8-K reporting that on January 5, 2026 it appointed Ron Pasek to its Board of Directors, effective immediately. In connection with his service, Mr. Pasek will receive the company’s standard non‑employee director compensation, including a pro‑rata portion of the $110,000 annual cash retainer and a pro‑rata restricted stock unit (RSU) award.

Key Details

• Appointment date: January 5, 2026; 8‑K filed January 7, 2026.
• Cash retainer: pro‑rata portion of $110,000 annual retainer.
• Committee fees (pro‑rata if appointed): $12,500 (Audit), $10,000 (Compensation), $5,000 (Nominating & Governance).
• Equity award: 11,075 RSUs under the 2013 Equity Incentive Plan (pro‑rata portion of the Nov 12, 2025 grant).
• RSU vesting: vests on the earlier of the next annual stockholder meeting or November 12, 2026; immediate full vesting upon certain change in control/ownership.
• Governance/other: No related‑party arrangements required to be disclosed under Item 404(a); Mr. Pasek entered into the company’s standard director indemnification agreement.

Why It Matters This filing updates investors on a change to board composition and the related director compensation and equity grant. The pro‑rata cash and RSU awards will affect director compensation expense and the RSUs represent potential future dilution if they vest and shares are issued. The indemnification agreement and absence of disclosed related‑party arrangements are standard governance disclosures that limit legal risk for the director in performing board duties.