DOMO, INC. 8-K

What Happened Domo, Inc. announced on January 11, 2026 that Chief Operating Officer Mark Maughan resigned and entered into a Separation and Settlement Agreement with the company. Under the agreement Mr. Maughan will receive a $1.5 million cash payment, accelerated vesting of 100% of his outstanding restricted stock units (RSUs) on the effective date, and a total of 245,000 fully vested RSUs to be delivered over three years. Mr. Maughan will also continue working for the company as a consultant under a Consulting Agreement dated January 11, 2026, and the parties exchanged mutual releases and waivers. The full separation agreement is filed as Exhibit 10.1 to the Form 8‑K.

Key Details

• Effective date of the Separation Agreement and resignation: January 11, 2026.
• Cash payment: $1.5 million payable within 30 calendar days of the effective date.
• Equity treatment: 100% of Mr. Maughan’s outstanding RSUs vest immediately; an additional 245,000 fully vested RSUs are payable over three years per the agreement.
• Ancillary terms: mutual releases of claims, a non‑compete during the Consultant Period, and acceleration of unpaid amounts upon a defined Change in Control.

Why It Matters This is a material executive change that affects leadership and compensation obligations. The immediate and future vesting of RSUs could increase share dilution and will be reflected in the company’s stock‑based compensation or outstanding share count disclosures. Continuing Mr. Maughan as a consultant may ease the operational transition. Mutual releases reduce litigation risk between the parties, while the Change in Control acceleration clause could accelerate payments in the event of a corporate transaction. Investors should watch upcoming filings (proxy, quarterly reports) for the accounting and share‑count impact.