Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. OnAugust 30, 2021 , the Board of Directors (the "Board") ofSailPoint Technologies Holdings, Inc. , aDelaware corporation (the "Company"), appointedCam McMartin as Interim Chief Financial Officer of the Company, effectiveSeptember 1, 2021 .Mr. McMartin , 64, has served on the Board sinceJanuary 2020 and previously served as the Company's Chief Operating Officer fromMay 2019 until his retirement inDecember 2019 and as the Company's Chief Financial Officer from 2011 toMay 2019 . InJuly 2021 , he joined the board of directors of N-able, Inc. (NYSE: NABL), global provider of cloud-based software solutions for managed service providers.Mr. McMartin formerly served as Managing Director and Chief Financial Officer forCenterPoint Ventures , a$425 million venture capital group. BeforeCenterPoint Ventures ,Mr. McMartin held senior financial management positions with a number of corporations, including Chief Financial Officer at Convex Computer (NYSE: CNX) and Senior VP, Operations at Dazel.Mr. McMartin holds a B.A. in Business Administration fromTrinity University and an M.B.A. from theUniversity of Michigan . In connection with his appointment,Mr. McMartin (i) will receive an annual base salary of$450,000 , (ii) will be eligible to receive a bonus of up to 100% of his annual base salary based on achievement of corporate goals as set forth by the Compensation Committee of the Board, (iii) received a restricted stock unit award with a value equal to approximately$1,000,000 , which award will vest and be settled in six equal monthly tranches beginningSeptember 28, 2021 , and (iv) will be eligible to participate in the Company's Severance Pay Plan. In addition,Mr. McMartin is eligible to participate in a comprehensive package of additional employee benefits, including but not limited to medical, dental, vision, group life insurance, a 401(k) plan and the Company's Employee Stock Purchase Plan. There are no transactions between the Company andMr. McMartin that would require disclosure under Item 404(a) of Regulation S-K, no arrangements or understandings betweenMr. McMartin and any other persons pursuant to which he was selected as an officer of the Company, and no family relationships betweenMr. McMartin and any director or executive officer of the Company. The Company andMr. McMartin previously entered into the Company's standard form of indemnification agreement, which requires the Company, among other things, to indemnifyMr. McMartin against liabilities that may arise by reason of his status or service. The indemnification agreement also requires the Company to advance all expenses incurred byMr. McMartin in investigating or defending any action, suit, or proceeding that may arise by reason of his status or service. For a full description of the Company's indemnification agreements, please see the Company's proxy statement for its 2021 Annual Meeting of Stockholders, which was filed with theSecurities and Exchange Commission onMarch 19, 2021 .
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