CrowdStrike Holdings Inc
For the period ended Jun 18, 2025. Filed May 6, 2025.
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Jun 18, 2025 · Filed May 6, 2025
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934 (Amendment No. )
Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material under §240.14a-12
CrowdStrike Holdings, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee paid previously with preliminary materials.
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Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11
206 E. 9 th Street, Suite 1400
Austin, Texas 78701
Notice of Annual Meeting of Stockholders
| | | | Time and Date: | | | 8:00 a.m. Pacific Time Wednesday, June 18, 2025 | |
|---|---|---|---|---|---|---|---|
| | | | Virtual Meeting: | | | www.virtualshareholdermeeting.com/CRWD2025 | |
Dear Stockholder:
You are cordially invited to attend the Annual Meeting of Stockholders of CrowdStrike Holdings, Inc., a Delaware corporation (“CrowdStrike”), which will be held on Wednesday, June 18, 2025 at 8:00 a.m. Pacific Time. The Annual Meeting will be a virtual meeting of stockholders, which will be conducted via a live audio webcast. You will be able to attend the Annual Meeting, submit your questions and vote online during the meeting by visitingwww.virtualshareholdermeeting.com/CRWD2025. We believe a virtual meeting provides expanded access, improves communication, enables increased stockholder attendance and participation, allows our stockholders around the world to attend the Annual Meeting and provides cost savings for our stockholders and CrowdStrike.
At our Annual Meeting you will be asked to:
| | | | | Items of Business | | | Board Recommendation | | | Further Details | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1. | | | Elect nominees Cary J. Davis, George Kurtz and Laura J. Schumacher to the Board of Directors to hold office until the 2028 Annual Meeting of Stockholders. | | | “FOR” all nominees | | | Page 5 | |
| | 2. | | | Ratify the selection of PricewaterhouseCoopers LLP as CrowdStrike’s independent registered public accounting firm for its fiscal year ending January 31, 2026. | | | “FOR” | | | Page 24 | |
You may also be asked to transact any other business that is properly brought before the meeting. The record date for the Annual Meeting is April 25, 2025. Only stockholders of record at the close of business on that date may vote at the meeting or any adjournment thereof.
Whether or not you expect to attend the Annual Meeting, please vote as promptly as possible to ensure your representation at the meeting. You may vote your shares by telephone or over the Internet as instructed in these materials. If you received a proxy card or voting instruction card by mail, you may submit your proxy card or voting instruction card by completing, signing, dating and mailing your proxy card or voting instruction card in the envelope provided.
| | | | | By Order of the Board of Directors | |
|---|---|---|---|---|---|
| | | | | George Kurtz President, Chief Executive Officer and Director | |
May 6, 2025
Important Notice Regarding the Availability of Proxy Materials for the Stockholders’ Meeting to Be Held on
Wednesday, June 18, 2025 at 8:00 a.m. Pacific Time online at
www.virtualshareholdermeeting.com/CRWD2025.
The Proxy Statement and Annual Report to Stockholders
are available at www.proxyvote.com.
Summary Information
We are providing you with these proxy materials because the Board of Directors of CrowdStrike Holdings, Inc. (the “Board”) is soliciting your proxy to vote at CrowdStrike’s 2025 Annual Meeting of Stockholders (the “Annual Meeting”), including at any adjournments or postponements thereof, to be held via a live audio webcast on Wednesday, June 18, 2025 at 8:00 a.m. Pacific Time. The Annual Meeting can be accessed by visiting www.virtualshareholdermeeting.com/CRWD2025 where you will be able to listen to the meeting live, submit questions and vote online.
You are invited to attend the Annual Meeting to vote on the proposals described in this Proxy Statement. However, you do not need to attend the Annual Meeting to vote your shares. Instead, you may simply follow the instructions below to submit your proxy. The proxy materials, including this Proxy Statement and our 2025 Annual Report, are first being distributed and made available on or about May 6, 2025.
As used in this Proxy Statement, references to “we,” “us,” “our,” “CrowdStrike” and the “Company” refer to CrowdStrike Holdings, Inc. and its subsidiaries. Our fiscal year end is on January 31 and our year ended January 31, 2025 is referred to herein as “fiscal 2025” or “FY2025.” Information contained on, or that can be accessed through, our website is not intended to be incorporated by reference into this Proxy Statement and references to our website address in this Proxy Statement are inactive textual references only.
To assist you in reviewing the proposals to be acted upon at the Annual Meeting, we call your attention to the following information. The following description is only a summary.
Annual Meeting Proposals
| Proposal | | | Board Recommendation | | |||
| 1. | | | Elect nominees Cary J. Davis, George Kurtz and Laura J. Schumacher to the Board of Directors to hold office until the 2028 Annual Meeting of Stockholders. | | | FOR all nominees | |
| 2. | | | Ratify the selection of PricewaterhouseCoopers LLP as CrowdStrike’s independent registered public accounting firm for its fiscal year ending January 31, 2026. | | | FOR | |
CrowdStrike’s 2025 Fiscal Year
CrowdStrike, a global cybersecurity leader that has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk, including endpoints and cloud workloads, identity and data, delivered strong fiscal 2025 results demonstrating our ability to adapt to unexpected challenges and emerge stronger. Business highlights include:
a 29% year-over-year increase in total revenue, reaching $3.95 billion;
a 23% year-over-year increase in ending annual recurring revenue (“ARR”),(1) reaching $4.24 billion as of January 31, 2025;
generating $1.38 billion in net cash provided by operating activities or 35% of revenue, and free cash flow of $1.07 billion to deliver free cash flow margin of 27%;(2)
maintaining a gross retention rate of 97% or higher in each quarter of the fiscal year;
expanding in the endpoint security market as well as success growing ARR from our cloud security, identity protection and LogScale next-gen SIEM solutions, together surpassing $1.3 billion of ending ARR; and
increasing customer adoption of our modules: 67% of our customer base had adopted five or more modules, 48% of our customer base had adopted six or more modules, 32% of our customer base had adopted seven or more modules and 21% of our customer base had adopted eight or more modules, as of January 31, 2025 (in each case, excluding customers who subscribed with the Falcon Go bundle, a package designed for organizations with 100 endpoints or less).
(1)
ARR is calculated as the annualized value of our customer subscription contracts as of the measurement date, assuming any contract that expires during the next 12 months is renewed on its existing terms. To the extent that we are negotiating a renewal with a customer after the expiration of the subscription, we continue to include that revenue in ARR if we are actively in discussion with such an organization for a new subscription or renewal, or until such organization notifies us that it is not renewing its subscription.
(2)
See Appendix A of this Proxy Statement for a reconciliation of free cash flow and free cash flow margin to the most directly comparable financial measure calculated in accordance with GAAP.
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In fiscal 2025, we continued to support our local communities through the CrowdStrike Foundation (our donor advised fund managed by Charities Aid Foundation), corporate-directed giving, corporate-matching and other efforts, supporting more than 100 nonprofits globally during the fiscal year. Additionally, we expanded the CrowdStrike NextGen scholarship program, offering scholarship opportunities to students at a broader range of academic institutions.
Members of the Board of Directors and Committees
| | Name | | | Age | | | Director Since | | | Current Term Expires | | | Independent | | | Audit Committee | | | Compensation Committee | | | Nominating and Corporate Governance Committee | | | Transaction Committee | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Nominees for Director · · · · · · · · · | ||||||||||||||||||||||||||
| | Cary J. Davis | | | 58 | | | 7/2013 | | | 2025 | | | Yes | | | | | | | | | | | | ||
| | George Kurtz, President and CEO | | | 54 | | | 11/2011 | | | 2025 | | | No | | | | | | | | | | | | | |
| | Laura J. Schumacher | | | 61 | | | 11/2020 | | | 2025 | | | Yes | | | | | | | | | | | | | |
| | Continuing Directors | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Johanna Flower | | | 50 | | | 1/2023 | | | 2026 | | | No | | | | | | | | | | | | | |
| | Denis J. O’Leary | | | 68 | | | 12/2011 | | | 2026 | | | Yes | | | | | | | | | | | | | |
| | Godfrey R. Sullivan | | | 71 | | | 12/2017 | | | 2026 | | | Yes | | | | | | | | | | | | | |
| | Roxanne S. Austin | | | 64 | | | 9/2018 | | | 2027 | | | Yes | | | | | | | | | | | | ||
| | Sameer K. Gandhi | | | 59 | | | 8/2013 | | | 2027 | | | Yes | | | | | | | | | | | | ||
| | Gerhard Watzinger, Chairman | | | 64 | | | 4/2012 | | | 2027 | | | Yes | | | | | | | | | | | |||
(1)
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ELECTRONIC DELIVERY
| | | | We encourage CrowdStrike stockholders to voluntarily elect to receive future proxy and annual report materials electronically. • If you are a registered stockholder, please visit www.proxyvote.com for simple instructions. • Beneficial shareowners can elect to receive future proxy and annual report materials electronically as well as vote their shares online at www.proxyvote.com. | |
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Faster > Economical > Cleaner > Convenient
SCAN THE QR CODE
| | | | to vote using your mobile device, sign up for e-delivery or download annual meeting materials. | |
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2025 ANNUAL MEETING OF STOCKHOLDERS
| | | | Wednesday, June 18, 2025 | |
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| | | | 8:00 a.m. Pacific Time | |
The 2025 Annual Meeting of Stockholders will be held via the Internet as a virtual meeting. See our Proxy Statement for additional information.
OUR ENVIRONMENT
CrowdStrike believes in working to keep our environment cleaner and healthier. Every day, CrowdStrike takes steps to preserve the natural beauty of the surroundings that we are privileged to enjoy.
CrowdStrike’s initiative in reducing its carbon footprint by promoting electronic delivery of stockholder materials has had a positive effect on the environment. CrowdStrike encourages its stockholders to reduce the environmental impact of delivering paper proxy materials by signing up to receive future proxy materials electronically.
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.