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AI brief of an SEC Form 8-K · Adobe (ADBE)

Adobe's Chief Strategy Officer Scott Belsky to resign effective March 15, 2025

Neutral Impact 4 of 5 leadership Written later

Adobe said Chief Strategy Officer and EVP Scott Belsky will resign effective March 15, 2025, to pursue another career opportunity. The filing also discloses a new 2025 Performance Share Program and a 2025 Executive Annual Incentive Plan for executive officers, with awards tied to relative stockholder return, Net New Sales, revenue and non-GAAP earnings per share.

Key points

  • Scott Belsky notified Adobe on January 24, 2025 of his resignation as Chief Strategy Officer and EVP, Design & Emerging Products, effective March 15, 2025.
  • The 2025 Performance Share Program has a three-year Relative TSR Goal (calendar 2025-2027) and a Net New Sales Goal, each weighted 50%, with payouts capped at 200% of target.
  • Chair and CEO Shantanu Narayen has a target Performance Share award of 73,837 shares, with a maximum of 147,674 shares.
  • The 2025 Executive Annual Incentive Plan requires at least 95% of the fiscal 2025 GAAP revenue target and 95% of the non-GAAP diluted EPS target before any bonus is paid.

The filing

CompanyAdobe (ADBE)
Form8-K, current report
Filed with the SECJan 30, 2025, 4:17 PM ET
Accession number0000796343-25-000036

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.