Washington, D.C. 20549


Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 20, 2019

(Exact name of registrant as specified in its charter)


(State or other Jurisdiction
of Incorporation)
File Number)
(IRS Employer
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901 Fifth Avenue, Suite 1000
Seattle, WA
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Registrant’s telephone number, including area code: (206) 701-2000
(Former name or former address if changed since last report.)  

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Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(d)    On February 20, 2019, the Board of Directors of Cray Inc. (“Cray”) authorized an increase in the size of the Board of Directors from eight to nine members, and, upon the recommendation of its Corporate Governance Committee, elected Stephen E. Gold as a director of Cray and a member of the Board’s Strategic Technology Assessment Committee. The election of Mr. Gold was not made pursuant to any arrangement or understanding between him and any other person, and Mr. Gold does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

As a non-employee director of Cray, Mr. Gold receives compensation in accordance with Cray’s non-employee director compensation practices. This compensation consists of an annual retainer for his service on the Board of Directors in the amount of $50,000. Additionally, upon his appointment, Mr. Gold was granted a fully vested option to purchase 20,000 shares of Cray’s common stock, with an exercise price equal to the fair market value of Cray’s common stock on The Nasdaq Global Market on the trading day immediately prior to the date of the grant. In addition, Cray has entered into an indemnification agreement with Mr. Gold in the same form as previously entered into by Cray with its other non-employee directors.

Item 8.01.     Other Events.

On February 21, 2019, Cray issued a press release announcing the election of Mr. Gold as a director of Cray. The press release is attached to this report as Exhibit 99.1.

Item 9.01    Financial Statements and Exhibits
(d) Exhibits.


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: February 21, 2019
Cray Inc.
Michael C. Piraino
Senior Vice President Administration, General Counsel and Corporate Secretary


Exhibit 99.1
Cray Media:
Cray Investors:
Juliet McGinnis
Paul Hiemstra


SEATTLE - February 21, 2019 - Global supercomputer leader Cray Inc. (Nasdaq:CRAY) today announced that the Board of Directors has elected Stephen E. Gold as a member of the Board and appointed him to the Strategic Technology Assessment Committee.

Mr. Gold has over 30 years of Fortune 100 and entrepreneurship experience. Notably, Gold was group CMO and vice president business development of IBM Watson, where he was one of the principal business architects responsible for designing and delivering next-generation AI technology.

Mr. Gold is currently the chief commercial officer at HZO, a privately-held global technology solutions company that provides manufacturers and device makers with protective nanocoatings to prevent damage caused by exposure to the elements.

Prior to joining HZO, Gold was general manager of the connected enterprise (IoT) division at Honeywell, vice president marketing and sales operations at IBM Watson and CMO at SPSS, which was acquired by IBM. He has also held executive-level positions at Aberdeen Group, Azerity - now part of Model N, and Digital Market - now part of Oracle.

Mr. Gold received his Bachelor of Science degree in Mechanical Engineering from the University of Illinois and graduated with distinction with an MBA from Carnegie Mellon’s Tepper School of Business.

“I am very pleased to join the Cray team at a very exciting time for the Company," said Gold. "Cray is more than an iconic brand and company, it is meeting and exceeding the challenges industry and governments face by the convergence of supercomputing, big data and artificial intelligence. I look forward to serving as a board member and working closely with Cray’s leadership team.”

“We are very excited to have Steve as part of our team at Cray,” said Peter Ungaro, president and CEO of Cray. “He has an exceptional background and experience in some of our key growth areas which will help us as we strive to serve a broader set of customers whose computing portfolio is expanding in the wake of digital transformation in areas such as AI and IoT.”

About Cray Inc.
Cray Inc. (Nasdaq:CRAY) combines computation and creativity so visionaries can keep asking questions that challenge the limits of possibility. Drawing on more than 45 years of experience, Cray develops the world’s most advanced supercomputers, pushing the boundaries of performance, efficiency and scalability. Cray continues to innovate today at the convergence of data and discovery, offering a comprehensive portfolio of supercomputers, high-performance storage, data analytics and artificial intelligence solutions. Go to for more information.

CRAY is a registered trademark of Cray Inc. in the United States and other countries. Other product and service names mentioned herein are the trademarks of their respective owners.