Tue, Apr 22, 9:05 PM (20 days ago)
**SolarWinds Corporation (SWI) 10-K/A Amendment Summary** **Company Overview:** SolarWinds Corporation (SWI) filed an amendment to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The amendment includes Part III of the Form 10-K, which details directors, executive officers, corporate governance, executive compensation, and other related matters. The amendment does not address events occurring after the merger with Starlight Parent, LLC, and the disclosures relate to the company prior to the closing of the merger. **Financial Performance:** The amendment does not provide detailed financial performance metrics for the fiscal year 2024. However, it includes information on executive compensation, director compensation, and other related financial details. **Revenue and Net Income:** Not explicitly stated in the provided text. **Operating Expenses:** Not explicitly stated in the provided text. **Earnings Per Share:** Not explicitly stated in the provided text. **Strategic Overview:** The amendment focuses on corporate governance, executive compensation, and related matters rather than strategic initiatives. **Future Outlook:** The future outlook is not explicitly detailed in the provided text. However, the merger with Starlight Parent, LLC, indicates a strategic shift. **Risk Factors:** Not explicitly detailed in the provided text. **Financial Condition:** The financial condition is not explicitly detailed in the provided text. However, the amendment includes information on executive and director compensation, which provides some insights into the company's financial health. **Market Position Changes:** The merger with Starlight Parent, LLC, signifies a significant change in market position, although specific details are not provided in the text. **Executive Compensation:** The amendment includes detailed information on executive compensation, including base salaries, bonuses, stock awards, and other compensation for named executive officers (NEOs). Key points include: - **Sudhakar Ramakrishna (CEO):** Received a total compensation of $9,371,550 in 2024, including a base salary of $750,000, bonuses, and stock awards. - **Lewis W. Black (CFO):** Joined in June 2024 and received a total compensation of $5,591,879, including a base salary of $450,000. - **Jason W. Bliss (Executive Vice President, Chief Administrative Officer and Secretary):** Received a total compensation of $3,357,277 in 2024. **Director Compensation:** Directors received annual retainers and equity awards, with amounts varying based on their roles and committee memberships. **Changes Due to Merger:** The amendment does not address events occurring after the merger and focuses on the company's status prior to the merger. **Certifications:** The amendment includes certifications by the principal executive officer and the principal financial officer as required by Section 302 of the Sarbanes-Oxley Act of 2002. **Conclusion:** The 10-K/A amendment provides a comprehensive overview of SolarWinds Corporation's corporate governance, executive compensation, and related matters for the fiscal year 2024. The merger with Starlight Parent, LLC, marks a significant strategic shift, although detailed financial performance metrics are not provided in the text.