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Alteryx, Inc. – ‘10-K’ for 12/31/21 – ‘EX-10.8’

On:  Tuesday, 2/15/22, at 4:46pm ET   ·   For:  12/31/21   ·   Accession #:  1689923-22-23   ·   File #:  1-38034

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/15/22  Alteryx, Inc.                     10-K       12/31/21  109:12M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.54M 
 2: EX-4.6      Instrument Defining the Rights of Security Holders  HTML     48K 
 6: EX-10.10    Material Contract                                   HTML     47K 
 3: EX-10.5     Material Contract                                   HTML     46K 
 4: EX-10.8     Material Contract                                   HTML     47K 
 5: EX-10.9     Material Contract                                   HTML     51K 
 7: EX-21.1     Subsidiaries List                                   HTML     34K 
 8: EX-23.1     Consent of Expert or Counsel                        HTML     28K 
 9: EX-31.1     Certification -- §302 - SOA'02                      HTML     33K 
10: EX-31.2     Certification -- §302 - SOA'02                      HTML     33K 
11: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
12: EX-32.2     Certification -- §906 - SOA'02                      HTML     30K 
18: R1          Cover Page                                          HTML     97K 
19: R2          Audit Information                                   HTML     34K 
20: R3          Condensed Consolidated Statements of Operations     HTML    128K 
                and Comprehensive Income (Loss)                                  
21: R4          Consolidated Balance Sheets                         HTML    138K 
22: R5          Consolidated Balance Sheets (Parenthetical)         HTML     49K 
23: R6          Consolidated Statements of Stockholders' Equity     HTML    127K 
24: R7          Consolidated Statements of Cash Flows               HTML    149K 
25: R8          Organization and Nature of Operations               HTML     32K 
26: R9          Significant Accounting Policies                     HTML    101K 
27: R10         Revenue                                             HTML     57K 
28: R11         Business Combinations                               HTML     44K 
29: R12         Fair Value Measurements                             HTML    104K 
30: R13         Allowance for Doubtful Accounts and Sales Reserves  HTML     56K 
31: R14         Property and Equipment                              HTML     42K 
32: R15         Goodwill and Intangible Assets                      HTML     69K 
33: R16         Convertible Senior Notes                            HTML    101K 
34: R17         Accrued Payroll and Payroll-Related Liabilities     HTML     35K 
35: R18         Stockholders' Equity                                HTML     33K 
36: R19         Equity Awards                                       HTML     99K 
37: R20         Retirement Plan                                     HTML     35K 
38: R21         Leases                                              HTML     63K 
39: R22         Commitments and Contingencies                       HTML     44K 
40: R23         Income Taxes                                        HTML    132K 
41: R24         Basic and Diluted Net Income (Loss) Per Share       HTML     58K 
42: R25         Segment and Geographic Information                  HTML     42K 
43: R26         Subsequent Event                                    HTML     32K 
44: R27         Significant Accounting Policies (Policies)          HTML    148K 
45: R28         Significant Accounting Policies (Tables)            HTML     43K 
46: R29         Revenue (Tables)                                    HTML     50K 
47: R30         Fair Value Measurements (Tables)                    HTML     98K 
48: R31         Allowance for Doubtful Accounts and Sales Reserves  HTML     54K 
                (Tables)                                                         
49: R32         Property and Equipment (Tables)                     HTML     43K 
50: R33         Goodwill and Intangible Assets (Tables)             HTML     75K 
51: R34         Convertible Senior Notes (Tables)                   HTML     91K 
52: R35         Accrued Payroll and Payroll-Related Liabilities     HTML     35K 
                (Tables)                                                         
53: R36         Equity Awards (Tables)                              HTML    118K 
54: R37         Leases (Tables)                                     HTML     65K 
55: R38         Commitments and Contingencies (Tables)              HTML     43K 
56: R39         Income Taxes (Tables)                               HTML    134K 
57: R40         Basic and Diluted Net Income (Loss) Per Share       HTML     60K 
                (Tables)                                                         
58: R41         Segment and Geographic Information Segment and      HTML     37K 
                Geographic Information (Tables)                                  
59: R42         Significant Accounting Policies - Additional        HTML     68K 
                Information (Details)                                            
60: R43         Significant Accounting Policies - Schedule of       HTML     37K 
                Useful Lives by Asset Category (Details)                         
61: R44         Revenue - Disaggregation of Revenue (Details)       HTML     49K 
62: R45         Revenue - Contract Assets and Contract Liabilities  HTML     58K 
                (Details)                                                        
63: R46         Revenue - Assets Recognized from the Costs to       HTML     44K 
                Obtain Our Contracts with Customers (Details)                    
64: R47         Revenue - Remaining Performance Obligation          HTML     41K 
                (Details)                                                        
65: R48         Business Combinations (Detail)                      HTML    120K 
66: R49         Fair Value Measurements - Summary of Cash and Cash  HTML     85K 
                Equivalents and Investments' Costs, Gross                        
                Unrealized Losses, and Fair Value by Major                       
                Security Type Recorded as Cash and Cash                          
                Equivalents or Short-Term or Long-Term Investments               
                (Details)                                                        
67: R50         Fair Value Measurements - Additional Information    HTML     41K 
                (Details)                                                        
68: R51         Allowance for Doubtful Accounts and Sales Reserves  HTML     54K 
                (Details)                                                        
69: R52         Property and Equipment - Schedule of Property and   HTML     46K 
                Equipment, Net (Details)                                         
70: R53         Property and Equipment - Additional Information     HTML     31K 
                (Details)                                                        
71: R54         Goodwill and Intangible Assets - Schedule of        HTML     36K 
                Change in Carrying Amount of Goodwill (Details)                  
72: R55         Goodwill and Intangible Assets - Schedule of        HTML     47K 
                Intangible Assets (Details)                                      
73: R56         Goodwill and Intangible Assets - Schedule of        HTML     36K 
                Intangible Asset Amortization Expense (Details)                  
74: R57         Goodwill and Intangible Assets - Schedule of        HTML     45K 
                Finite-Lived Intangible Assets Estimated Remaining               
                Amortization Expense (Details)                                   
75: R58         Convertible Senior Notes - Summary of Debt          HTML     69K 
                (Details)                                                        
76: R59         Convertible Senior Notes - Additional Information   HTML    103K 
                (Details)                                                        
77: R60         Convertible Senior Notes - Summary of Interest      HTML     41K 
                Expense (Details)                                                
78: R61         Convertible Senior Notes - Schedule Of Contractual  HTML     38K 
                Obligations and Contractual Interest (Details)                   
79: R62         Accrued Payroll and Payroll-Related Liabilities     HTML     34K 
                (Details)                                                        
80: R63         Stockholders' Equity (Details)                      HTML     56K 
81: R64         Equity Awards - Additional Information (Details)    HTML    105K 
82: R65         Equity Awards - Schedule of Stock Option Activity   HTML     83K 
                (Details)                                                        
83: R66         Equity Awards - Schedule of Weighted-average        HTML     47K 
                Assumption Used for Stock Options (Details)                      
84: R67         Equity Awards - Schedule RSU Activity (Details)     HTML     72K 
85: R68         Equity Awards - Schedule of Stock-based             HTML     41K 
                Compensation Expense (Details)                                   
86: R69         Retirement Plan (Details)                           HTML     30K 
87: R70         Leases - Lease-Related Assets and Liabilities       HTML     39K 
                (Details)                                                        
88: R71         Leases - Lease Costs (Details)                      HTML     37K 
89: R72         Leases - Supplemental Information (Details)         HTML     33K 
90: R73         Leases - Additional Information (Details)           HTML     33K 
91: R74         Leases - Undiscounted Cash Flows (Details)          HTML     52K 
92: R75         Commitments and Contingencies - Contractual         HTML     42K 
                Obligations (Details)                                            
93: R76         Commitments and Contingencies - Additional          HTML     37K 
                Information (Details)                                            
94: R77         Income Taxes - Components of Income (Loss) Before   HTML     39K 
                Provision for (Benefit of) Income Taxes (Details)                
95: R78         Income Taxes - Components of Provision for          HTML     57K 
                (Benefit of) Income Taxes (Details)                              
96: R79         Income Taxes - Schedule of Provision for (Benefit   HTML     54K 
                of) Income Taxes and Effective Tax Rates (Details)               
97: R80         Income Taxes - Additional Information (Details)     HTML     44K 
98: R81         Income Taxes - Components of Deferred Income Tax    HTML     78K 
                Assets (Liabilities) (Details)                                   
99: R82         Income Taxes - Change in Valuation Allowance        HTML     38K 
                (Details)                                                        
100: R83         Income Taxes - Schedule of Activity in Gross        HTML     36K  
                Unrecognized Tax Benefits (Details)                              
101: R84         Basic and Diluted Net Income (Loss) Per Share -     HTML     67K  
                Schedule of Computation of Net Income (Loss) per                 
                Share (Details)                                                  
102: R85         Basic and Diluted Net Income (Loss) Per Share -     HTML     49K  
                Weighted-average Equivalent Shares Excluded From                 
                Diluted Net Income (Loss) per Share Calculation                  
                (Details)                                                        
103: R86         Segment and Geographic Information Schedule of      HTML     39K  
                Long-lived Assets Classified By Geographic                       
                Location (Details)                                               
104: R87         Subsequent Event - Additional Information (Detail)  HTML     37K  
107: XML         IDEA XML File -- Filing Summary                      XML    192K  
105: XML         XBRL Instance -- ayx-20211231_htm                    XML   2.69M  
106: EXCEL       IDEA Workbook of Financial Reports                  XLSX    138K  
14: EX-101.CAL  XBRL Calculations -- ayx-20211231_cal                XML    268K 
15: EX-101.DEF  XBRL Definitions -- ayx-20211231_def                 XML    807K 
16: EX-101.LAB  XBRL Labels -- ayx-20211231_lab                      XML   2.14M 
17: EX-101.PRE  XBRL Presentations -- ayx-20211231_pre               XML   1.29M 
13: EX-101.SCH  XBRL Schema -- ayx-20211231                          XSD    197K 
108: JSON        XBRL Instance as JSON Data -- MetaLinks              534±   791K  
109: ZIP         XBRL Zipped Folder -- 0001689923-22-000023-xbrl      Zip    587K  


‘EX-10.8’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



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  Document  
Exhibit 10.8

4/23/2021


Paula Hansen



Dear Paula:

Alteryx, Inc. (the “Company”) is pleased to offer you employment on the following terms:

1.Position. Your title will be Chief Revenue Officer and you will report to the Company’s Chief Executive Officer. This is a full-time position. While you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the Company or that would, directly or indirectly, constitute your engagement in or participation in any business that is competitive in any manner with the business of the Company. By signing this offer letter, you confirm to the Company that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company.

Upon successful execution of your FY21 objectives and the FY21 operating plan, your role will be evaluated for increased scope and responsibility.

2.Cash Compensation. The Company will pay you an annual base salary at the rate of $500,000 per year, payable in accordance with the Company’s standard payroll schedule. This compensation rate will be subject to adjustment pursuant to the Company’s employee compensation policies in effect from time to time.
With your specific position, you will be eligible to receive a discretionary annual bonus of up to 100% of your base salary, based on both Company and individual performance, and in accordance with the Alteryx Standard Bonus Plan. For your first year of employment, we will guarantee a bonus payment of $500,000 which will be paid no later than January 15, 2022 (the timing of which will be a one-time exception to our annual bonus payment schedule which occurs normally in March of each year), subject to your continued employment with the Company in good standing. Please note that all discretionary bonus programs, payouts and criterion are subject to change or adjustment as the business or departmental needs at Alteryx may require.

In addition, you will be paid a one-time signing bonus of $350,000 in connection with your employment with Alteryx, payable on the next scheduled payroll date immediately following the thirty (30) day period commencing the date you start working for the Company. If you resign for other than Good Reason prior to twelve (12) months of continuous service with the Company, this signing bonus will be repayable by you to the Company in full at the time of termination. You agree that the Company reserves the right to withhold any balance payable to the Company from any form of compensation due to you, including salary, commissions, incentives, vacation time, buy-back of stock differentials and reimbursable expenses, except where prohibited by United States Federal or State law.

3.Employee Benefits. As a regular employee of the Company, you will be eligible to participate in a number of Company-sponsored benefits to the extent that you comply with the eligibility requirements of each such benefit plan. You will receive a summary of such employee benefits. The Company, in its sole discretion, may amend, suspend or terminate its employee benefits at any time, with or without notice. In addition, you will be entitled to paid vacation in accordance with the Company’s vacation policy, as in effect from time to time.

4.Equity. Subject to the approval of the Company’s Board of Directors and in accordance with the Company’s equity granting policy, you will be granted equity awards that will consist of a 50% / 50% combination of restricted stock units (the “RSU”) and non-qualified stock options (the “Option”), respectively, for shares of the Company’s Class A Common Stock, with an aggregate grant value of $10,000,000.

1

Exhibit 10.8
The RSU will be subject to the terms and conditions applicable to restricted stock units granted under the 2017 Equity Incentive Plan (the “Plan”), as described in the Plan, and the applicable Restricted Stock Unit Award Agreement. So long as your continuous Service (as defined in the Plan) status does not terminate, one-third of the total number of shares subject to RSU will vest on each of the first, second, and third annual anniversaries of the vesting commencement date (as set forth in the Restricted Stock Unit Award Agreement) (the “Vesting Commencement Date”).

The Option will be subject to the limitations set forth in the Plan and the Option Award Agreement, 1/3rd of the total number of shares subject to the Option Award shall vest and become exercisable on the one-year anniversary of the Vesting Commencement Date and an additional 1/36th of the total number of shares subject to the Option Award shall vest and become exercisable on each monthly anniversary thereafter, subject to the your continued Service through each vesting date.

In addition, upon your employment, the Company and you will enter into a severance and change in control agreement in the form filed as Exhibit 10.1 to the Company’s Form 10-Q for the quarter ended March 31, 2020.



5.Confidential Information and Invention Assignment Agreement. You will be required, as a condition of your employment with the Company, to sign the Company’s standard Confidential Information and Invention Assignment Agreement.

6.Mutual Arbitration Agreement. You will be required, as a condition of your employment with the Company, to sign the Company’s standard Mutual Arbitration Agreement.

7.No Conflicting Obligations. You represent and warrant to the Company that you are under no obligations or commitments, whether contractual or otherwise, that are inconsistent with your obligations under this offer letter. You shall not use or disclose, in connection with your employment, any trade secrets or other proprietary information or intellectual property in which you or any other person has any right, title or interest and you confirm that your employment with the Company will not infringe or violate the rights of any other person. Also, we expect you to abide by any contractual obligations to refrain from soliciting any person employed by or otherwise associated with any former or current employer. You represent and warrant to the Company that you have returned all property and confidential information belonging to any prior employer.

8.Verification of Information and Eligibility. This offer of employment is also contingent upon the successful verification of the information you provided to the Company during your application process, professional reference checks and a general background check performed by the Company to confirm your suitability for employment. By accepting this offer of employment, you warrant that all information provided by you is true and correct to the best of your knowledge, and you expressly release the Company from any claim or cause of action arising out of the Company’s verification of such information. You have a right to review copies of any public records obtained by the Company in conducting this verification process unless you check the box below. Your offer is contingent upon the Company’s verification that you are permitted to legally work in the United States. You agree to provide the Company in a timely manner with any and all documentation reasonably necessary to confirm the foregoing.

9.At Will Employment Relationship. Employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause or notice. Any contrary representations that may have been made to you are superseded by this offer letter. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and the Company’s CEO.

2

Exhibit 10.8
10.Tax Matters.

(a)Withholding. All forms of compensation referred to in this offer letter are subject to reduction to reflect applicable withholding and payroll taxes and other deductions required by law.

(b)Tax Advice. You are encouraged to obtain your own tax advice regarding your compensation from the Company. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company or its Board of Directors related to tax liabilities arising from your compensation.
11.Interpretation, Amendment and Enforcement. This offer letter, the Confidential Information and Invention Assignment Agreement, and the Mutual Arbitration Agreement constitute the complete agreement between you and the Company, contain all of the terms of your employment with the Company and supersede any prior or contemporaneous agreements, representations or understandings (whether written, oral or implied) between you and the Company. This offer letter may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The terms of this offer letter and the resolution of any disputes as to the meaning, effect, performance or validity of this offer letter or arising out of, related to, or in any way connected with, this offer letter, your employment with the Company or any other relationship between you and the Company (the “Disputes”) will be governed by California law, excluding laws relating to conflicts or choice of law. Except as otherwise set forth in the Mutual Arbitration Agreement, you and the Company submit to the exclusive personal jurisdiction of the federal and state courts located in Orange County, California in connection with any Dispute or any claim related to any Dispute.

* * * * *

We are excited to have you join the Company. You may indicate your agreement with these terms and accept this offer by signing and dating the enclosed duplicate original of this offer letter, the enclosed Confidential Information and Invention Assignment Agreement, and the enclosed Mutual Arbitration Agreement, and returning them to Human Resources by close of business on 4/26/2021. Your employment is contingent upon you signing and returning the aforementioned documents and starting work in this new position as of 5/17/2021. As required by law, your employment with the Company is also contingent upon your providing legal proof of your identity and authorization to work in the United States.

If you have any questions, please call me at             .


Congratulations on your offer of employment! We are looking forward to you joining our team and the contributions we anticipate you making at Alteryx.


Alteryx, Inc.
                            
/s/ Mark Anderson
By: Mark Anderson
Title: Chief Executive Officer

I have read and accept this employment offer:


Name: Paula S. Hansen    
Signature: /s/ Paula S. Hansen                    

Date: Apr 23, 2021    

☐ I hereby waive my right to receive any public records as described above.
3

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/15/228-K,  S-8
1/15/22
For Period end:12/31/21
3/31/2010-Q
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/15/24  Alteryx, Inc.                     10-K/A     12/31/23   14:3.9M
 2/06/24  Alteryx, Inc.                     10-K       12/31/23  119:11M
 2/10/23  Alteryx, Inc.                     10-K       12/31/22  109:12M
 8/03/22  Alteryx, Inc.                     S-8         8/03/22    4:79K                                    Donnelley … Solutions/FA
 2/15/22  Alteryx, Inc.                     S-8         2/15/22    4:83K                                    Donnelley … Solutions/FA


10 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/12/21  Alteryx, Inc.                     10-K       12/31/20  109:12M
 5/05/20  Alteryx, Inc.                     8-K:5,9     5/05/20   13:394K
 2/14/20  Alteryx, Inc.                     10-K       12/31/19  114:14M
 8/12/19  Alteryx, Inc.                     8-K:1,2,3,8 8/07/19   17:2.7M                                   Donnelley … Solutions/FA
 3/01/19  Alteryx, Inc.                     10-K       12/31/18  103:12M
 5/18/18  Alteryx, Inc.                     8-K:1,2,3,8 5/15/18    4:831K                                   Donnelley … Solutions/FA
 9/05/17  Alteryx, Inc.                     S-1                  100:10M                                    Donnelley … Solutions/FA
 5/11/17  Alteryx, Inc.                     10-Q        3/31/17   58:3.5M                                   Donnelley … Solutions/FA
 3/13/17  Alteryx, Inc.                     S-1/A                  6:3.7M                                   Donnelley … Solutions/FA
 2/24/17  Alteryx, Inc.                     S-1                   20:7.6M                                   Donnelley … Solutions/FA
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Filing Submission 0001689923-22-000023   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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