<SEC-DOCUMENT>0000796343-19-000008.txt : 20190124
<SEC-HEADER>0000796343-19-000008.hdr.sgml : 20190124
<ACCEPTANCE-DATETIME>20190124091003
ACCESSION NUMBER:		0000796343-19-000008
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20190117
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190124
DATE AS OF CHANGE:		20190124

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADOBE INC.
		CENTRAL INDEX KEY:			0000796343
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				770019522
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-15175
		FILM NUMBER:		19538718

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVE
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110-2704
		BUSINESS PHONE:		4085366000

	MAIL ADDRESS:	
		STREET 1:		345 PARK AVENUE
		CITY:			SAN JOSE
		STATE:			CA
		ZIP:			95110-2704

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ADOBE SYSTEMS INC
		DATE OF NAME CHANGE:	19940208
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>adbe8-k1222019xdirectors.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s233C9774ACAFF1F178FE61DFCC5374B5"></a></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:2px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:120%;text-align:center;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">_________________________</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM 8-K</font></div><div style="line-height:174%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CURRENT REPORT</font></div><div style="line-height:174%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Pursuant to Section 13 or 15(d) of the</font></div><div style="line-height:174%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Securities Exchange Act of 1934</font></div><div style="line-height:174%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of Report (date of earliest event reported): January 24, 2019 (January 17, 2019)</font></div><div style="line-height:174%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">Adobe Inc.</font></div><div style="line-height:174%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Exact name of Registrant as specified in its charter)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:31%;"></td><td style="width:2%;"></td><td style="width:34%;"></td><td style="width:2%;"></td><td style="width:31%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Delaware</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">0-15175</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">77-0019522</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State or other jurisdiction of incorporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Commission File Number)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(I.R.S. Employer Identification No.)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">345 Park Avenue</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">San Jose, California 95110-2704</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of principal executive offices and zip code)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Registrant&#8217;s telephone number, including area code: </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(408) 536-6000</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Not Applicable</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Former name or former address, if changed since last report)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule&#160;12b-2&#160;of the Securities Exchange Act of 1934&#160;(&#167;240.12b-2&#160;of this chapter).</font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Emerging growth company&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">&#9633;</font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&#160;13(a) of the Exchange Act.&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;">&#9633;</font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div><br></div><hr style="page-break-after:always"><div><a name="s31DC99B6CD1EDD7407C561DFCC76F2E1"></a></div><div><br></div><div style="line-height:120%;padding-bottom:13px;text-align:left;-sec-extract:summary;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">(d)&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 22, 2019, the Board of Directors (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Board</font><font style="font-family:inherit;font-size:10pt;">&#8221;) of Adobe Inc. (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Adobe</font><font style="font-family:inherit;font-size:10pt;">&#8221; or the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:10pt;">&#8221;)  appointed Kathleen (&#8220;Leeny&#8221;) Oberg and Dheeraj Pandey to the Board.  These appointments were made to fill vacancies created by an increase in the size of the Board from eleven to thirteen members. Ms. Oberg and Mr. Pandey will each serve a term of office expiring at Adobe&#8217;s 2019 Annual Meeting of Stockholders (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Annual Meeting</font><font style="font-family:inherit;font-size:10pt;">&#8221;). Ms. Oberg and Mr. Pandey were also appointed to the Audit Committee of the Board. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">There is no arrangement or understanding between either Ms. Oberg or Mr. Pandey, respectively, and any other persons pursuant to which either of them were selected as a director. Since the beginning of our last fiscal year through the date hereof, there have been no transactions with Adobe, and there are currently no proposed transactions with Adobe in which the amount involved exceeds $120,000 and in which either Ms. Oberg or Mr. Pandey had or will have a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K. </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As non-employee directors, Ms. Oberg and Mr. Pandey will receive cash and equity compensation in accordance with Adobe&#8217;s FY &#8217;19 and FY &#8217;20 Non-Employee Director Compensation Policy, which is filed herewith and is incorporated herein by reference. In connection with their compensation, Ms. Oberg and Mr. Pandey were each granted an initial award of 267 restricted stock units on January 22, 2019. Additional information regarding Adobe&#8217;s compensation programs for the members of its Board is contained in Adobe's Definitive Proxy Statement filed on March 2, 2018 (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Proxy Statement</font><font style="font-family:inherit;font-size:10pt;">&#8221;). </font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">A copy of our press release announcing the appointment of Ms. Oberg and Mr. Pandey to Adobe&#8217;s Board is attached hereto as Exhibit 99.1 and incorporated herein by reference.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">(b)</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 17, 2019, Edward Barnholt and Robert Burgess informed the Board of their decisions not to stand for re-election to Adobe&#8217;s Board of Directors at the Annual Meeting. Messrs. Barnholt and Burgess will continue to serve as directors until the Annual Meeting, at which time the Board will be reduced in size to eleven members.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 24, 2019, Adobe announced that Brad Rencher is stepping down from his position as Executive Vice President and General Manager, Digital Experience, effective March 1, 2019. A copy of the press release is furnished and attached hereto as Exhibit 99.2.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 9.01. Financial Statements and Exhibits.</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">(d)&#160;&#160;&#160;&#160;Exhibits</font></div><div style="line-height:120%;padding-bottom:13px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.10628019323671%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:5%;"></td><td style="width:95%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:13px;text-align:left;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="ex101-comppolicy.htm"><font style="font-family:inherit;font-size:10pt;">FY &#8217;19 and FY &#8217;20 Non-Employee Director Compensation Policy</font></a></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:13px;text-align:left;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit991-pressrelease.htm"><font style="font-family:inherit;font-size:10pt;">Press release issues on January 24, 2019 entitled &#8220;Adobe Names Leeny Oberg and Dheeraj Pandey to its Board of Directors&#8221;</font></a></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.2</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:13px;text-align:left;padding-left:48px;text-indent:-48px;font-size:10pt;"><a style="text-decoration:underline;color:#0000FF;-sec-extract:exhibit;" href="exhibit992-pressrelease.htm"><font style="font-family:inherit;font-size:10pt;">Press release issued on January 24, 2019, entitled &#8220;Adobe Announces Organization Change&#8221;</font></a></div><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></td></tr></table></div></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2</font></div></div><hr style="page-break-after:always"><div><br></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:89.66183574879227%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:48%;"></td><td style="width:8%;"></td><td style="width:44%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ADOBE INC.</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Dana Rao</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dana Rao</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Executive Vice President, General Counsel and Corporate Secretary</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date: January 24, 2019                                         </font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div style="text-align:center;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3</font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex101-comppolicy.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sa3f8e98622b847c7b16102a5d5a76739"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:10px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.1</font></div><div style="line-height:120%;padding-bottom:10px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">ADOBE INC.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">FY &#8217;19 AND FY &#8217;20 NON-EMPLOYEE DIRECTOR COMPENSATION POLICY</font></div><div style="line-height:120%;padding-bottom:10px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">(Effective First Day of FY 2019)</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Cash Compensation</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Board Member Annual Retainer</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">$60,000 annual fee</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Board Chair Annual Retainer</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">$50,000 annual fee for each Chair</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Lead Director Annual Retainer</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">$50,000 annual fee to the extent the Board has a Lead Director</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Committee Member Annual Retainers</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Audit Committee - $20,000 annual fee</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Executive Compensation Committee - $15,000 annual fee</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Nominating and Governance Committee - $10,000 annual fee</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Committee Chair Retainers</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Audit Committee - $40,000 annual fee</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Executive Compensation Committee - $30,000 annual fee</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Nominating and Governance Committee - $20,000 annual fee</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The annual retainers described above for Board Chair, Lead Director, Committee Member and Committee Chair service are in addition to the base $60,000 Board Member annual retainer. A Committee Chair receives the Chair retainer for the applicable Committee, but does not also receive the Committee Member Annual Retainer. All cash compensation is earned on a fiscal year basis, paid at the end of each quarter. Directors who commence service mid-quarter or who terminate service mid-quarter will receive pro-rated retainers to be paid at the end of the applicable quarter.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Each Director may elect to defer 5% to 100% of their Committee and/or retainer fees in the Adobe Deferred Compensation Plan by timely submitting an election to the Company.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;text-decoration:underline;">Equity Compensation</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">New Director Restricted Stock Unit Award</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">A restricted stock unit award will be granted to each new Director on the date that the new Director is appointed to the Board of Directors based on the following conditions:  </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The award will be based upon a maximum target grant value of $285,000</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The actual target grant value will be calculating by pro-rating the $285,000 maximum target grant value based on the number of calendar days remaining before (1) the next Annual Meeting of Shareholders, if scheduled, or (2) the date of the first anniversary of our last Annual Meeting of Shareholders, if the next Annual Meeting of Shareholders is not yet scheduled  </font></div></td></tr></table><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The actual target grant value (as calculated directly above) shall be converted into the number of shares underlying the award based on the average closing stock price over the 30 calendar days ending on the day before the date of grant (rounded down to the next whole share)   </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The award will vest 100% on the day immediately preceding the date of our next Annual Meeting of Stockholders </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">If the pro-rated actual target grant value of the award is less than $10,000, no equity grant shall be made to the new Director</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;text-indent:24px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-style:italic;font-weight:bold;">Annual Restricted Stock Unit Award </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">An annual restricted stock unit award will be granted to each Director on the business day immediately following the date of our Annual Meeting of Stockholders based on the following conditions:  </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The award shall have a target grant value of $285,000</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The target grant value shall be converted into the number of shares underlying the award based on the average closing stock price of Adobe common stock over the 30 calendar days ending on the day before the date of grant (rounded down to the next whole share)</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The award will vest 100% on the day immediately preceding the date of our next Annual Meeting of Stockholders</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Each Director may elect to defer 100% of their restricted stock unit awards in the Adobe Deferred Compensation Plan by timely submitting an election to the Company.  </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">All equity grants are subject to our Stock Ownership Guidelines. </font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">This policy will be reviewed biennially.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>exhibit991-pressrelease.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s49acde3af25949aa9e10fdd5439a174a"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:174%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 99.1</font></div><div style="line-height:174%;text-align:right;"><img src="graphica03a01a01a08.jpg" alt="graphica03a01a01a08.jpg" style="height:88px;width:52px;"></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;font-weight:bold;">Public Relations Contact</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Dan Berthiaume</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Adobe</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">408-536-2584</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;color:#0000ff;text-decoration:underline;">dberthia@adobe.com</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;font-weight:bold;">Investor Relations Contact</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Mike Saviage</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Adobe </font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">408-536-4416</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;color:#0000ff;text-decoration:underline;">ir@adobe.com</font><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;text-decoration:underline;">&#32;</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:480px;text-indent:-480px;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:8pt;font-weight:bold;">FOR IMMEDIATE RELEASE</font></div><div style="line-height:120%;padding-top:0px;text-align:left;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:20pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:20pt;">Adobe Names Leeny Oberg and Dheeraj Pandey to its Board of Directors</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">Adobe Board Directors Edward Barnholt and Robert Burgess to Retire in April</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">SAN JOSE, Calif. - Jan. 24, 2019</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#32;</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">-</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#32;Adobe (Nasdaq:ADBE) today announced the appointments of Leeny Oberg and Dheeraj Pandey to its board of directors, effective Jan. 22, 2019. In addition, current board directors Edward &#8220;Ned&#8221; Barnholt and Robert &#8220;Rob&#8221; Burgess have each announced their intent to retire and step down from the Adobe board, effective at the end of their respective terms in April. Barnholt is the retired chairman, president and CEO of Agilent Technologies and served as the chair of the Adobe board&#8217;s nominating and governance committee for over a decade. Burgess is the former chairman and CEO of Macromedia, Inc. Both joined the Adobe board in 2005, a tenure that includes Adobe&#8217;s transformative shift to a cloud-based subscription model, expansion into new markets, including digital experiences, and growth of Adobe revenue to more than $9 billion annually.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#8220;I want to thank Ned and Rob for their leadership and trusted counsel during a phenomenal period of growth for Adobe. We are a stronger company today because of their contributions,&#8221; said Shantanu Narayen, chairman, president and CEO, Adobe.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">Oberg has served as the CFO of Marriott International since 2016. Prior to that role, she was the CFO for The Ritz-Carlton Hotel Company, a wholly-owned subsidiary of Marriott, where she contributed significantly to the brand&#8217;s performance, growth and organizational effectiveness. Oberg has held a range of financial leadership positions with Marriott since first joining the company in 1999, including an assignment in London as senior vice president, International Project Finance and Asset Management for Marriott in EMEA. Her experience also includes financial leadership roles at Sodexo (previously Sodexo Marriott Services), Sallie Mae, Goldman Sachs and Chase Manhattan Bank. Oberg earned a degree in Commerce from the University of Virginia, McIntyre School of Business and an M.B.A. from the Stanford University Graduate School of Business.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">Pandey is the founder, CEO and chairman of Nutanix (Nasdaq:NTNX), a global leader in enterprise cloud software and hyperconverged infrastructure solutions. Prior to founding Nutanix, Pandey was the vice president of engineering at Aster Data (now Teradata), where he helped build and lead its product and engineering teams. His technology and enterprise software experience also includes engineering and leadership roles at Oracle Corporation, Zambeel, Inc., and Trilogy Software, Inc. Pandey has been recognized with several prestigious industry awards including Dell&#8217;s Founders 50 and the E&amp;Y Entrepreneur of the Year, Silicon Valley. Pandey holds a degree in Computer Science from the Indian Institute of Technology, Kanpur, and an M.S. in Computer Science from the University of Texas at Austin. He was a Graduate Fellow of Computer Science in the University of Texas at Austin Ph.D. program.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#8220;Leeny and Dheeraj are welcome additions to Adobe&#8217;s board. Their expertise and leadership will be invaluable as Adobe continues to empower more people to create, and as we broaden our appeal to the enterprise and reimagine the digital experiences we deliver to customers,&#8221; said Narayen.</font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">About Adobe </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">Adobe is changing the world through digital experiences. For more information, visit </font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;color:#0000ff;text-decoration:underline;">www.adobe.com</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:5pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:5pt;">&#169; 2019 Adobe Inc. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe in the United States and/or other countries. All other trademarks are the property of their respective owners.</font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>exhibit992-pressrelease.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2019 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="sfe81c8913d97426da67df60fdc748ee4"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:174%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 99.2</font></div><div style="line-height:174%;text-align:right;"><img src="graphica03a01a01a08.jpg" alt="graphica03a01a01a08.jpg" style="height:88px;width:52px;"></div><div style="line-height:120%;padding-bottom:8px;padding-top:12px;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;font-weight:bold;">Public Relations Contact</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Dan Berthiaume</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Adobe</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">408-536-2584</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;color:#0000ff;text-decoration:underline;">dberthia@adobe.com</font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;font-weight:bold;">Investor Relations Contact</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Mike Saviage</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">Adobe </font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;">408-536-4416</font></div><div style="line-height:120%;text-align:left;font-size:7pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;color:#0000ff;text-decoration:underline;">ir@adobe.com</font><font style="font-family:Adobe Clean,sans-serif;font-size:7pt;text-decoration:underline;">&#32;</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:480px;text-indent:-480px;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:8pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:8pt;font-weight:bold;">FOR IMMEDIATE RELEASE</font></div><div style="line-height:232%;text-align:left;font-size:20pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:20pt;">Adobe Announces Organization Change</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">Company Announces Broad New Enterprise Organization</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">SAN JOSE, Calif. - Jan. 24, 2019</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#32;</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">-</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#32;Adobe (Nasdaq:ADBE) today announced that Executive Vice President and General Manager of its Digital Experience business Brad Rencher will be leaving the company. Rencher joined Adobe in 2009 as part of the company&#8217;s acquisition of Omniture and has been at the helm of the Digital Experience business as it has grown into the category leader through both strategic acquisitions and organic innovation.  </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">Coming off of a record 2018 and the acquisitions of Magento and Marketo, Adobe CEO Shantanu Narayen will create a broad new organization that includes product, sales, marketing, services and support. Narayen will oversee this newly aligned business until a new leader is identified. Rencher will stay on as a special advisor to ensure a smooth transition.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">Adobe Experience Cloud is the industry&#8217;s most comprehensive offering and the foundation for digital transformation for thousands of enterprise, mid-market and small business customers across the globe. Adding to its leadership in analytics, content management, advertising and marketing, Adobe recently acquired Marketo, the leader in B2B marketing, and Magento, an industry leader in e-commerce.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">&#8220;Brad has had a tremendous impact at Adobe, helping establish our vision for digital marketing as well as driving our growth and leadership in the broader digital experience category,&#8221; said Shantanu Narayen, president and CEO, Adobe. &#8220;I have valued my partnership with Brad over the past decade, thank him for his tremendous contributions and wish him every success.&#8221; </font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;font-weight:bold;">About Adobe </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:9pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">Adobe is changing the world through digital experiences. For more information, visit </font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;color:#0000ff;text-decoration:underline;">www.adobe.com</font><font style="font-family:Adobe Clean,sans-serif;font-size:9pt;">.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;">###</font></div><div style="line-height:120%;text-align:left;font-size:5pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:5pt;">&#169; 2019 Adobe Inc. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe in the United States and/or other countries. All other trademarks are the property of their respective owners.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Adobe Clean,sans-serif;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>graphica03a01a01a08.jpg
<TEXT>
begin 644 graphica03a01a01a08.jpg
M_]C_X  02D9)1@ ! 0$ W #<  #_X0!.17AI9@  34T *@    @ ! ,!  4
M   !    /E$0  $    ! 0   %$1  0    !   AU%$2  0    !   AU
M     8:@  "QC__; $, " 8&!P8%" <'!PD)" H,% T,"PL,&1(3#Q0=&A\>
M'1H<'" D+B<@(BPC'!PH-RDL,#$T-#0?)SD].#(\+C,T,O_; $,!"0D)# L,
M& T-&#(A'"$R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,O_  !$( +\ <@,!(@ "$0$#$0'_Q  ?   !!0$! 0$!
M 0           0(#! 4&!P@)"@O_Q "U$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?K_Q  ? 0 # 0$! 0$! 0$!
M 0(#! 4&!P@)"@O_Q "U$0 " 0($! ,$!P4$!  ! G<  0(#$00%(3$&$D%1
M!V%Q$R(R@0@40I&AL<$)(S-2\!5B<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ
M0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25
MEI>8F9JBHZ2EIJ>HJ:JRL[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3E
MYN?HZ>KR\_3U]O?X^?K_V@ , P$  A$#$0 _ .:HHHKPS]="BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHH
MH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
M HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ KT7X>^$-(\0Z1=7&H12/)'/L4K(5XV@]OK7G5>Q
M?"+_ )%Z^_Z^S_Z M;X>*E4LSR,\K5*.#<Z;:=UL:/\ PK'PS_S[3_\ ?]J;
M)\-?"T43R203*B LQ,[< 5V=<;\2M:_LOPP]M&V)[T^4N.H7JQ_+C\:[YPIQ
MBY-(^.PN+QV(K1I1JRNWW9XK?FV;4+@V:%+;S&\I2<D+GC)^E5Z**\H_1XJR
M2/5_"/@WPSXA\.V]X]O+]H V3 3,/G'7\^OXUN?\*Q\,_P#/M/\ ]_VKC?A3
MK7V/69M+E;$=VNY >SK_ (C/Y"O8Z]*A&G."=D?!YM7QF%Q4H*I*SU6KV?\
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,B@ HHHH **** /_9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
