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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): December 16, 2021 (December 13, 2021)
ADOBE INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-15175 77-0019522
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

345 Park Avenue
San Jose, California 95110-2704
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (408) 536-6000

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 (see General Instruction A.2. below):
☐ 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 Name of Each Exchange on Which Registered
Common Stock, $0.0001 par value per share ADBE NASDAQ Global Select Market
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company      ☐
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 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b)
On December 16, 2021, Adobe Inc. ("Adobe") announced that Abhay Parasnis, Executive Vice President and Chief Technology Officer, will be leaving Adobe to pursue other opportunities. Mr. Parasnis notified Adobe of his decision to resign on December 13, 2021. He plans to remain in his current role with Adobe until early 2022 and will actively assist with the transition of his duties during that period.
Adobe also announced that Anil Chakravarthy, Executive Vice President and General Manager, Digital Experience Business and Worldwide Field Operations, has been promoted to President of Adobe’s Digital Experience business, and that David Wadhwani, Chief Business Officer and Executive Vice President, Digital Media, has been promoted to President of Adobe’s Digital Media business.

Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
  Incorporated by Reference
Exhibit
Number 		Exhibit Description Form Filing Date Exhibit Number SEC File No. Filed
Herewith
99.1 X
104 Cover Page Interactive Data File (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)

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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  ADOBE INC.
   
  By: /s/ DANA RAO
    Dana Rao
    Executive Vice President, General Counsel and Corporate Secretary

Date: December 16, 2021





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Exhibit 99.1
IMAGEA.JPG

Public relations contact
Ashley Levine
Adobe
aslevine@adobe.com

Investor relations contact
Jonathan Vaas
Adobe
ir@adobe.com

FOR IMMEDIATE RELEASE
Adobe Announces Changes to Executive Leadership Team
SAN JOSE, Calif. - December 16, 2021 - Adobe (Nasdaq:ADBE) today announced changes to the company’s executive team.
Anil Chakravarthy, executive vice president and general manager, Digital Experience Business and Worldwide Field Operations, has been promoted to President of Adobe’s Digital Experience business and David Wadhwani, chief business officer and executive vice president, Digital Media, has been promoted to President of Adobe’s Digital Media business. As Adobe Presidents, Chakravarthy and Wadhwani will be responsible for the strategy and execution of their respective businesses. Under their leadership, the company will continue to invest in growth initiatives to accelerate its category-defining innovation and product leadership as the transition to a digital-first world continues.
“I am thrilled that Anil Chakravarthy and David Wadhwani are being promoted to president of our Digital Experience and Digital Media businesses respectively,” said Shantanu Narayen, chairman and CEO, Adobe. “I have immense confidence in both leaders and look forward to continuing to work with them and the rest of our executive team as we execute on our strategy to unleash creativity for all, accelerate document productivity and power digital businesses across the globe.”
Chakravarthy joined Adobe in January 2020 as EVP and general manager of Adobe’s Digital Experience business, including Worldwide Field Operations. He successfully led the acquisition and integration of Workfront. Under his leadership, the Digital Experience segment delivered over $1 billion in revenue in the fourth quarter. Before joining Adobe, Chakravarthy was CEO of Informatica.
Wadhwani returned to Adobe in June 2021 as EVP and chief business officer of the company’s Digital Media business. From 2010 to 2015 Wadhwani served as SVP and general manager of Adobe’s Digital Media business and played a key role in the company’s successful transformation to a cloud-based subscription business. Adobe’s Digital Media business delivered record Q4 revenue of $3 billion. Before rejoining Adobe, Wadhwani was CEO of AppDynamics.
In their roles, Chakravarthy and Wadhwani will continue to work with the rest of Adobe’s seasoned executive team to drive the company’s next decade of growth.
Adobe also announced that Executive Vice President and Chief Technology Officer Abhay Parasnis will be leaving Adobe.
Parasnis joined Adobe in 2015 and championed a culture of continuous innovation. Under his leadership, the company made significant technological strides in artificial intelligence with Adobe Sensei, the underlying framework that drives advancements across Adobe’s entire product portfolio. Parasnis will remain in his role until the end of February to ensure a smooth transition.
“Abhay’s vision and leadership have been instrumental to the development of the ground-breaking technology powering Adobe’s continued growth,” said Narayen. “We appreciate his many contributions over the last seven years and wish him continued success.”


About Adobe
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.
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