SolarWinds has agreed to pay its top executive in charge during the entirety of the colossal Russian hacking campaign US$312,500 to help the company defend itself in investigations.
The embattled infrastructure management firm disclosed Wednesday that it’s agreed to pay former CEO Kevin Thompson (pictured) $62,500 for each of the next five months as SolarWinds faces a likely wave of lawsuits and government probes into its conduct around the hack. Thompson led the firm from the time hackers established a presence in SolarWinds’ Orion software through when news of the attack went public.
“Mr. Thompson will, at the request of the Board of Directors of the company, assist and cooperate with the Company in investigating, defending or prosecuting any investigations or other proceedings involving the company,” SolarWinds wrote in a filing late Wednesday with the US Securities and Exchange Commission (SEC).
Under the agreement, Thompson is to make himself available to SolarWinds for any investigations, litigation, arbitration, or civil and governmental proceedings based on events that occurred during his time as CEO from March 2010 to December 2020. Thompson will report directly to SolarWinds’ board and devote the necessary time to performing services that are reasonably requested by the board.
Thompson will not be required to take any action if his legal counsel believes the action requested by SolarWinds’ board is against Thompson’s interest, creates a conflict of interest between SolarWinds and Thompson, or otherwise exposes Thompson to any claim, penalty or liability. Thompson received nearly US$11.5 million in compensation from SolarWinds between 2017 and 2019, according to an SEC filing.
SolarWinds has also agreed to consult with Thompson on any press release, written public statement or SEC filing that references Thompson by name or position in relation to the months-long Orion hacking campai ..
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