Item 2.02 Results of Operations and Financial Condition OnJanuary 8, 2021 ,New Relic, Inc. (the "Company") issued a press release that included indications of preliminary financial performance with respect to revenue and annual recurring revenue for the third fiscal quarter endedDecember 31, 2020 . A copy of the press release is furnished pursuant to Item 2.02 as Exhibit 99.1 to this Current Report on Form 8-K. These indications of preliminary financial performance are based on information available to the Company as of the date of this Current Report on Form 8-K and are subject to the completion of the Company's quarter-end financial closing procedures and review by the Company's independent registered public accounting firm. The information in this Item 2.02, including the press release attached as Exhibit 99.1 hereto, is furnished pursuant to Item 2.02 but shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Resignation of President and Chief Operating Officer OnJanuary 5, 2021 ,Michael Christenson , President and Chief Operating Officer of the Company, resigned from his position as President effective immediately and as Chief Operating Officer effective as ofMarch 31, 2021 .Mr. Christenson's decision did not impact his continuing role as a member of the Company's board of directors (the "Board"). After receipt of his resignation, the Company offered, andMr. Christenson agreed, to a continued employment relationship with the Company from and afterApril 1, 2021 , serving as an advisor to the chief executive officer. The compensation terms for the role were captured in an Amended Terms of Employment Agreement, executed onJanuary 5, 2021 , which will reviseMr. Christenson's cash compensation to constitute an annual salary of$100,000 (the "Amended Employment Agreement"). The foregoing description of the Amended Employment Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the form of the agreement, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the year endedMarch 31, 2021 . Appointment of President and Chief Product Officer OnJanuary 5, 2021 , the Board promoted William Staples to the role of President in addition to his role as Chief Product Officer of the Company. The Compensation Committee of the Board met onJanuary 5, 2021 and, effective with his promotion, increased Mr. Staples' annual base salary from$400,000 to$420,000 and increased his target annual cash bonus opportunity percentage from 75% to 90% of his base salary. William Staples, age 48, has served as Chief Product Officer of the Company sinceFebruary 2020 . FromSeptember 2017 toJanuary 2020 , Mr. Staples served as the Vice President of Experience Cloud Engineering at Adobe Inc., where he led the global engineering team behind Adobe Inc.'s market-leading Experience Cloud. From 1999 toMarch 2016 , Mr. Staples served in various product, design and engineering roles atMicrosoft, Inc. , most recently as Vice President of Azure Application Platform. He holds a B.S. from theUniversity of Utah . There are no family relationships between Mr. Staples and any director or executive officer of the Company, there is no arrangement or understanding between Mr. Staples and any other person pursuant to which he was selected to serve as the Company's President and Chief Product Officer, and there are no relationships or related transactions between Mr. Staples and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Other than the foregoing, the Company has not entered into or materially amended any material plan, contract or arrangement withMr. Christenson or Mr. Staples.
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits Exhibit Number Description 99.1 Press release, datedJanuary 8, 2021 , issued byNew Relic, Inc. Cover Page Interactive Data File - the cover page XBRL tags are embedded 104 within the Inline XBRL document.
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