Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Appointment of Principal Financial Officer and Resignation of Director
On March 17, 2021, Unity Software Inc. (the "Company") announced that Luis
Felipe Visoso, age 52, has been appointed to serve as the Company's Senior Vice
President and Chief Financial Officer, effective April 5, 2021. On March 17,
2021, in connection with his appointment as Chief Financial Officer, Mr. Visoso,
who has served on the Company's Board of Directors (the "Board") since September
2020, submitted his resignation from the Board and the Audit Committee of the
Board, effective April 5, 2021.
Mr. Visoso served as a member of the Company's Board from September 2020. From
July 2020 until March 2021, Mr. Visoso served as Chief Financial Officer of Palo
Alto Networks, Inc., a public cybersecurity company. From December 2018 to July
2020, Mr. Visoso served in various roles at Amazon.com, Inc., a public
e-commerce marketplace company, including as Chief Financial Officer of Amazon
Web Services. From February 2016 to December 2018, Mr. Visoso served as Senior
Vice President of Business, Technology and Operations Finance at Cisco Systems,
Inc., a public networking company. From January 1993 to February 2016,
Mr. Visoso held various roles at The Procter & Gamble Company, a public consumer
goods company, including Vice President of Global Business Units-Finance and
Accounting. Mr. Visoso holds a B.A. degree in international business and
industrial engineering from Monterrey Institute of Technology and Higher
Education.
In connection with his appointment, on March 15, 2021, Mr. Visoso entered into a
letter agreement with the Company (the "Offer Letter"), providing for an annual
base salary of $350,000; the ability to participate in the Company's Cash
Incentive Bonus Plan with a bonus target equal to 75% of his annual base salary;
a sign-on bonus of $2,000,000, subject to repayment on a pro-rated basis over 12
months; an option to purchase 100,000 shares of the Company's common stock and
an award of 350,000 restricted stock units pursuant to the Company's 2020 Equity
Incentive Plan.
The foregoing description of the Offer Letter with Mr. Visoso is qualified in
its entirety by reference to the Offer Letter, a copy of which is filed as
Exhibit 10.1 to this Current Report on Form 8-K.
Departure of Principal Financial Officer
On March 17, 2021, the Company announced that Kimberly Jabal, Senior Vice
President and Chief Financial Officer of the Company, a position she has held
since March 2019, would be leaving the Company. Ms. Jabal's departure is not the
result of any disagreement with the Company on any matter relating to the
Company's financial operations, policies or practices.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
10.1 Offer Letter by and between Unity Technologies SF and Luis
Felipe Visoso dated March 15, 2021.
104 Cover Page Interactive Data File (embedded within the inline XBRL
document).
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