Domo COO exits with $1.5M, RSU settlement

Domo, Inc. reported that it has entered into a separation and settlement agreement with its Chief Operating Officer, Mark Maughan, effective January 11, 2026.

Rhea-AI Filing Summary

Domo, Inc. reported that it has entered into a separation and settlement agreement with its Chief Operating Officer, Mark Maughan, effective January 11, 2026. Under this agreement, Maughan has resigned as COO and will receive a cash payment of $1.5 million within 30 days of the effective date, immediate vesting of all his outstanding restricted stock units, and an additional 245,000 fully vested RSUs to be delivered over three years according to a set schedule. If a change in control occurs before all consideration is delivered, any unpaid amounts will be accelerated. Both parties have provided mutual releases of claims, and Maughan has agreed not to compete with the company during the consulting period. He will continue working with Domo as a consultant under a separate consulting agreement dated January 11, 2026.

Insights

Corporate governance and compensation analyst

Domo’s COO exits with a sizeable cash and equity severance while remaining as a consultant.

Domo has negotiated a detailed separation package for former COO Mark Maughan, combining cash, accelerated equity, and additional RSUs over three years. The package includes a $1.5 million cash payment, full acceleration of outstanding RSUs, and 245,000 fully vested RSUs scheduled over time, with acceleration if a defined change in control occurs.

The agreement is paired with mutual releases and a non-compete during the consulting period, which can help reduce legal overhang and protect competitive interests. Maughan’s continued service as a consultant under a separate agreement may support operational continuity after his immediate resignation as COO on January 11, 2026. Overall, this appears to be a structured leadership transition with clearly outlined economic terms rather than an event with explicitly stated financial distress.

8-K Event Classification

2 items: 1.01, 5.02

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Domo (DOMO) disclose in this 8-K?

Domo reported that Chief Operating Officer Mark Maughan resigned from his role effective January 11, 2026, and will transition to a consulting role with the company.

What severance compensation will former Domo COO Mark Maughan receive?

Under the separation agreement, Mark Maughan will receive a $1.5 million cash payment within 30 days of the effective date, plus equity-related benefits.

How are RSUs treated in Mark Maughan’s Domo separation agreement?

Maughan receives 100% accelerated vesting of his outstanding RSUs on the effective date and an additional 245,000 fully vested RSUs to be delivered over three years per the agreement schedule.

What happens to Mark Maughan’s remaining consideration if Domo experiences a change in control?

If a Change in Control occurs before all consideration is paid, the separation agreement provides that any unpaid amounts owed to Maughan will be accelerated.

Does Mark Maughan have any ongoing obligations to Domo after his resignation as COO?

Yes. Maughan will continue as a consultant under a January 11, 2026 consulting agreement and has agreed not to compete with Domo during the consultant period.

Did Domo and Mark Maughan release any legal claims as part of the separation?

The parties entered into mutual releases and waivers of all known and unknown claims against each other and the defined Releasees as part of the separation agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/12/2026 - 05:48 PM Learn about SEC filing dates

0001505952false00015059522026-01-112026-01-11

 UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 11, 2026

DOMO, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-38553

27-3687433

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification Number)

802 East 1050 South

American Fork, UT 84003

(Address of principal executive offices, and Zip Code)

Registrant’s telephone number, including area code: (801) 899-1000

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Class B Common Stock, par value $0.001 per share

DOMO

The Nasdaq Global Market

☐			Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
☐			If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 1.01. Entry into a Material Definitive Agreement.

On January 11, 2026, (“Effective Date”), Domo, Inc. (the “Company”) entered into a separation and settlement agreement and mutual release (the “Separation Agreement”) with Mark Maughan, the Company’s Chief Operating Officer. Pursuant to the terms of the Separation Agreement, Mr. Maughan has resigned as the Company’s Chief Operating Officer and is entitled to receive the following consideration from the Company:

•a cash payment of $1.5 million within thirty (30) calendar days of the Effective Date;

•accelerated vesting of 100% of Mr. Maughan’s outstanding restricted stock units (the “RSUs”) on the Effective Date; and

•a total of 245,000 fully vested RSUs over three years, subject to the terms and schedule set forth in the Separation Agreement.

In addition, if a Change in Control (as defined in the Separation Agreement) occurs before Mr. Maughan receives all consideration owed, any unpaid amount thereof shall be accelerated. Mr. Maughan and the Company have entered into mutual releases and waivers of all known and unknown clams against each other and the Releasees (as defined in the Separation Agreement) and Mr. Maughan has agreed not to compete with the Company during the Consultant Period. The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is filed as Exhibit 10.1 hereto and is incorporated by reference herein.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 11, 2026, Mark Maughan resigned from the Company as the Company's Chief Operating Officer, effective immediately. Mr. Maughan will be continuing as a consultant subject to the terms of a Consulting Agreement dated January 11, 2026, entered into between the Company and Mr. Maughan.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
10.1						Separation and Settlement Agreement and Mutual Release, dated as of January 11, 2026, between the Company and Mark Maughan.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DOMO, INC.

Date: January 12, 2026

By:

/s/ Tod Crane

Tod Crane

Chief Financial Officer