Okta, Inc., a leading independent identity provider, announced the appointment of Anthony Bates to its board of directors, effective June 21, 2024. The appointment was made following the expansion of the board to ten directors. Bates, who is currently the Chairman and CEO of Genesys Cloud Services, Inc., will serve as a Class III director until the 2026 Annual Meeting of Stockholders. His appointment does not involve any arrangement or understanding with other persons, nor are there any reportable transactions between him and Okta. Bates will receive standard non-employee director compensation, including an annual fee and restricted stock units. Additionally, Okta's board approved amendments to the company's Bylaws, addressing universal proxy rules, revising deadlines for advance notice of business and...Show More

Okta, Inc., a leading independent identity provider, announced the appointment of Anthony Bates to its board of directors, effective June 21, 2024. The appointment was made following the expansion of the board to ten directors. Bates, who is currently the Chairman and CEO of Genesys Cloud Services, Inc., will serve as a Class III director until the 2026 Annual Meeting of Stockholders. His appointment does not involve any arrangement or understanding with other persons, nor are there any reportable transactions between him and Okta. Bates will receive standard non-employee director compensation, including an annual fee and restricted stock units. Additionally, Okta's board approved amendments to the company's Bylaws, addressing universal proxy rules, revising deadlines for advance notice of business and director nominations, and establishing the Court of Chancery of the State of Delaware as the exclusive forum for certain legal actions. In the 2024 Annual Meeting of Stockholders, three directors were elected, the appointment of Ernst & Young LLP as the independent registered public accounting firm was ratified, and the compensation of named executive officers was approved on an advisory basis.