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Actionable news in CTXS: Citrix Systems, Inc.,

Departure of Directors or Certain

On October12, 2015, Citrix Systems, Inc. (the Company) entered into a Retention Agreement with Mark B. Templeton, which was unanimously approved by the independent directors on the Companys Board of Directors (the Board) upon the recommendation of the Compensation Committee. The Company reported in its Current Report on Form 8-K filed with the Securities and Exchange Commission on July28, 2015, that it had commenced a search for a successor to Mr.Templeton as President and Chief Executive Officer of the Company. Following this announcement regarding succession, it was determined that appropriate steps were required to provide Mr.Templeton with a retention bonus and other compensation and benefits arrangements to encourage him to remain employed with the Company until his successor w as appointed. Since such announcement, Mr.Templeton has continued to play a critical role in, among other things, retaining and leading the Companys management team, preserving the operational capacity of the Company, maintaining the commitment and engagement of the Companys employees, partners and customers, and facilitating a smooth transition to his successor.

The Retention Agreement provides that Mr.Templeton will receive a cash payment in an amount equal to two times the sum of his current...


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