C3.ai Announces Board Changes and Executive Compensation Updates
Ticker: AI · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1577526
| Field | Detail |
|---|---|
| Company | C3.Ai, Inc. (AI) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $900,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management
Related Tickers: AI
TL;DR
C3.ai adds Siebel & Donahoe to board, updates exec pay. Big moves ahead?
AI Summary
On April 9, 2024, C3.ai, Inc. announced changes to its board of directors and executive compensation. The company elected two new directors, Thomas M. Siebel and John J. Donahoe, to its board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Thomas M. Siebel, and Chief Financial Officer, Juho Kim, effective April 9, 2024.
Why It Matters
The appointment of new directors and updated executive compensation can signal strategic shifts or confidence in leadership, potentially impacting investor sentiment and future company performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect strategy and future performance.
Key Players & Entities
- C3.ai, Inc. (company) — Registrant
- Thomas M. Siebel (person) — Elected Director and CEO
- John J. Donahoe (person) — Elected Director
- Juho Kim (person) — Chief Financial Officer
- April 9, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to C3.ai's board?
Thomas M. Siebel and John J. Donahoe were elected as new directors to C3.ai's board.
What is the effective date of the reported changes?
The earliest event reported is dated April 9, 2024, and the changes are effective as of this date.
Who are the key executives with new employment agreements?
The Chief Executive Officer, Thomas M. Siebel, and the Chief Financial Officer, Juho Kim, have new employment agreements.
What is C3.ai's state of incorporation?
C3.ai, Inc. is incorporated in Delaware.
What is C3.ai's principal executive office address?
C3.ai's principal executive offices are located at 1400 Seaport Blvd, Redwood City, CA 94063.
Filing Stats: 648 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-04-10 19:45:42
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share AI New York Stock Exchange
- $900,000 — g an aggregate grant date fair value of $900,000 and vesting over a five-year period.
Filing Documents
- ai-20240409.htm (8-K) — 28KB
- exhibit991.htm (EX-99.1) — 6KB
- 0001628280-24-015673.txt ( ) — 162KB
- ai-20240409.xsd (EX-101.SCH) — 2KB
- ai-20240409_lab.xml (EX-101.LAB) — 23KB
- ai-20240409_pre.xml (EX-101.PRE) — 13KB
- ai-20240409_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated April 9, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document).
SIGNATURES
SIGNATURES 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. C3.ai, Inc. Dated: April 10, 2024 By: /s/ Thomas M. Siebel Thomas M. Siebel Chief Executive Officer and Chairman of the Board of Directors