What Workday, Inc. told the SEC could break it.

Co-founders Aneel Bhusri and Dave Duffield control a substantial majority of Workday's voting power via Class B shares, giving them the ability to control stockholder votes including director elections and any merger or asset sale.

“Collectively, the shares described above represent a substantial majority of the voting power of our outstanding capital stock. As a result, Messrs. Duffield and Bhusri have the ability to control the outcome of matters submitted to our stockholders for approval, including the election of directors and any merger, consolidation, or sale of all or substantially all of our assets.”

Workday's Pleasanton, California HQ sits in an active earthquake zone, and its third-party data centers face hurricanes/extreme weather; catastrophic or climate-related events could disrupt its applications and business.

“Our corporate headquarters are located in Pleasanton, California, and we host our applications in data centers operated by third parties located in the U.S., Europe, Canada, and the Asia-Pacific region. The west coast of the U.S. contains active earthquake zones and the southeast is subject to seasonal hurricanes or other extreme weather conditions.”

Recent macroeconomic events including increased tariffs, elevated inflation, and fluctuating interest and foreign currency rates create market uncertainty and volatility that Workday has experienced and may continue to experience.

“Recent macroeconomic events including increased tariffs, elevated inflation, and fluctuating interest rates and foreign currency exchange rates, as well as geopolitical instability, continue to impact the global economy and create uncertainty, volatility, and disruption of financial markets.”