Daren Thayne
DOMOAbout Daren Thayne
Daren Thayne, 59, is Domo’s Chief Technology Officer and Executive Vice President of Product, roles he has held since 2010 and January 2023, respectively. He holds an M.B.A. and a B.S. in Mechanical Engineering from Brigham Young University and previously served as CIO of Interbank FX and CTO/SVP of Development at Ancestry.com . During fiscal 2025, Domo’s revenue was $317.0M (down 1% YoY), billings were $310.2M (down 3% YoY), adjusted free cash flow was $(12.9)M, and non-GAAP operating margin was 0% (down 3pp), while the company’s TSR index value stood at 34.97; net loss was $81.9M .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Interbank FX | Chief Information Officer | 2007–2010 | Not disclosed in company filings |
| Ancestry.com | Chief Technology Officer; SVP of Development | N/A | Not disclosed in company filings |
External Roles
| Organization | Role | Years |
|---|---|---|
| Consensus (private SaaS) | Director | N/A |
Fixed Compensation
| Item | FY 2024 | FY 2025 |
|---|---|---|
| Base Salary ($) | 400,000 | 400,000 |
| Target Bonus (%) | 81% | 81% |
| Target Bonus ($) | 325,000 | 325,000 |
| Actual Bonus ($) | 243,750 | 234,000 |
| Actual Bonus Settlement (RSUs, #) | 25,417 | 28,329 |
Notes:
- Executive bonuses have been settled in fully-vested RSUs to conserve cash .
- FY 2024 bonus payout % was 61% of target for Thayne; FY 2025 was 58% of target for Thayne .
Performance Compensation
Annual Incentive Plan (FY 2025)
| Metric | Weight | Threshold | Target | Maximum | Actual | Payout Form |
|---|---|---|---|---|---|---|
| ARR ($M) | 25% | 147.5 | 295.0 | 320.0 | 281.6 | Fully-vested RSUs |
| Billings ($M) | 50% | 205.0 | 310.0 | 335.0 | 310.2 | Fully-vested RSUs |
| Adjusted Free Cash Flow ($M) | 25% | (1.0) | 4.0 | 10.0 | (12.9) | Fully-vested RSUs |
| Overall Payout % (Thayne) | — | — | — | — | 58% | Fully-vested RSUs |
Vesting and Long-Term Incentives (RSUs):
- 05/21/2024 grant: 70,000 RSUs; vests 1/4 on 3/20/2026, then 1/16 quarterly over 36 months (service-based) .
- 03/20/2024 bonus RSUs: 25,417 (settlement of FY 2024 bonus) .
- 05/15/2023 grant: 200,000 RSUs; 1/4 vested on 3/20/2024, then 1/16 quarterly over 36 months (service-based) .
Equity Ownership & Alignment
| Component | Detail |
|---|---|
| Beneficial Ownership (as of 5/1/2025) | 224,989 Class B shares held directly; 103,552 Class B via Daren and Sharisa Thayne Family, LLC (voting/dispositive control); RSUs for 31,250 shares vesting within 60 days |
| Unvested RSUs at 1/31/2025 (by grant) | 2,500; 6,250; 112,500; 70,000 Class B shares not vested |
| Stock Vested in FY 2025 | 157,605 shares; value realized $1,337,732 |
| Hedging/Pledging | Company prohibits hedging and pledging; board waivers exist only for CEO Joshua James and director Daniel Daniel. No pledging disclosed for Thayne |
| Bonus Settlement Form | Executive bonuses have been paid in fully-vested RSUs (conserves cash) |
| Tax Withholding Mechanics | Company utilizes sell-to-cover transactions at vesting to satisfy withholding, which can create periodic selling pressure around vest dates |
Employment Terms
| Scenario | Cash Severance | Bonus | Equity | Health Benefits | Notes |
|---|---|---|---|---|---|
| Termination without Cause / Good Reason (outside CIC window) | 12 months base salary ($400,000) | — | — | Up to 12 months COBRA ($21,544) | Requires release; “Cause” and “Good Reason” defined |
| Termination without Cause / Good Reason within CIC window (60 days before to 12 months after CIC) | 12 months base salary ($400,000) | 100% of target ($325,000) | 100% acceleration (service-based; performance-based deemed at target) | Up to 12 months COB |