|6 Months Ended|
Jul. 31, 2022
|Subsequent Events [Abstract]|
On August 3, 2022, Michael Prinn resigned as the Executive Vice President, Chief Financial Officer and Treasurer of the Company. Following Mr. Prinn’s resignation, on August 3, 2022, the Board appointed Kathleen Mosher as Senior Vice President, Chief Financial Officer and Treasurer of the Company, effective August 3, 2022. Mr. Prinn will remain with the Company until September 30, 2022 to assist with the transition pursuant to the Employee Transition Separation Agreement and General Release signed on August 24, 2022 (the “Release Agreement”). Mr. Prinn will receive one year of his annual salary of $300,000 paid over 24 semi-monthly installments, in addition to the following, pursuant to the Release Agreement: (i) an additional $50,000 on or about September 30, 2022 for the successful completion of various transition tasks, (ii) Company paid COBRA benefits until the sooner of (a) December 31, 2022 or (b) becoming eligible for benefits at a new employer, and (iii) accelerated vesting of the remaining final tranche of 4,762 restricted stock units (“RSUs”) from his RSU grant dated May 26, 2020. Please refer to the Current Reports on Form 8-K previously filed with the SEC on August 9, 2022, and August 24, 2022 for additional information. In addition, on August 17, 2022, Mr. Aquino delegated his role as President of the Company, to Mr. Christoph Klimmer, the Company’s current Senior Vice President and Chief Revenue Officer effective immediately, to rebalance executive roles and responsibilities.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef