VeriSign : Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers (Form 8-K)

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

(d) Effective June 18, 2021, the Board of Directors (the 'Board') of VeriSign, Inc. (the 'Company') appointed Courtney D. Armstrong to the Board, increasing the size of the Board from eight to nine directors. The Board also appointed Mr. Armstrong to serve on the Corporate Governance and Nominating Committee of the Board.

Mr. Armstrong currently serves as Executive Vice President, Worldwide Business Affairs, Warner Bros. Pictures, a position he has held since April 2014. He joined Warner Bros. Pictures in 2003 as a Director of Business Affairs and was promoted to Vice President in 2004 and Senior Vice President in 2007. Before joining Warner Bros. Pictures, he spent three years at Walt Disney Pictures as an attorney in the Business and Legal Affairs department of the Motion Picture Group.

As a non-employee director, Mr. Armstrong will receive an annual cash retainer of $40,000 and an annual equity award grant of $250,000, made solely in the form of restricted stock units. As a member of the Corporate Governance and Nominating Committee, Mr. Armstrong will receive an additional annual cash retainer of $10,000. New directors are granted an equity award equal to the pro rata amount of such annual equity award, the amount of which is determined based on the date of such new director's appointment or election to the Board. Mr. Armstrong's cash retainer will also be prorated to reflect his service for a portion of the year. In addition, the Company entered into an indemnity agreement with Mr. Armstrong pursuant to which the Company is required to indemnify Mr. Armstrong against certain liabilities which may arise by reason of his status or service as a director of the Company and to advance expenses to him arising from the investigation, defense, settlement or appeal of these liabilities. The Company's standard form of indemnity agreement was previously filed as Exhibit 10.01 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 filed with the Securities and Exchange Commission on April 28, 2010.

There was no arrangement or understanding between Mr. Armstrong and any other person pursuant to which Mr. Armstrong was appointed as a director of the Company. There have been no transactions involving the Company or any of its subsidiaries in which Mr. Armstrong has or will have a direct or indirect material interest that are required to be disclosed under Item 404(a) of Regulation S-K.