Atlassian (TEAM) Proxy filing summary

Executive summary

• FY26 revenue $6.6B, up 26% YoY; cloud revenue $4.4B, up 28%; Subscription ARR $6.6B, up 23%; free cash flow $1.3B and GAAP operating profitability.

• Annual meeting set for Dec. 1, 2026, as a virtual webcast; holders of record on Oct. 7 may vote.

• Strategic priorities center on enterprise growth, the System of Work, and AI, with financial discipline and durable profitable growth.

Voting matters and shareholder proposals

• Three proposals: elect nine directors, ratify Ernst & Young LLP for FY27, and approve FY26 named executive officer compensation on an advisory basis; the Board recommends FOR each.

• Director nominees serve until the 2027 annual meeting; an incumbent who fails to secure majority support in an uncontested election is expected to tender a resignation, with a Board decision within 90 days.

• The say-on-pay vote is nonbinding; the compensation committee will consider the result in future pay decisions.

Board of directors and corporate governance

• Nine nominees include new director Anil Sabharwal; Karen Dykstra will not stand for re-election. Two directors joined during FY26, and five joined in the past three fiscal years.

• Shona L. Brown was re-appointed independent Board Chair in September 2026; the CEO and Chair roles remain separate.

• A majority of directors are independent, and all standing committee members are independent; the Board held 15 meetings in FY26.

• FY26 outreach reached holders of nearly 45% of Class A shares outstanding, with dialogue involving holders of more than 42%; topics included strategy, AI, compensation, governance, risk, and culture.