Appian Appoints New CFO, Christopher M. Smith
Ticker: APPN · Form: 8-K · Filed: Mar 29, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | 8-K |
| Filed Date | Mar 29, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, personnel-change
Related Tickers: APPN
TL;DR
Appian names Christopher M. Smith as new CFO, effective March 25, 2024.
AI Summary
Appian Corporation announced on March 29, 2024, that its Board of Directors appointed Christopher M. Smith as Chief Financial Officer, effective March 25, 2024. Smith previously served as Senior Vice President, Corporate Controller, and Chief Accounting Officer for Appian. He will receive an annual base salary of $375,000 and is eligible for the company's annual incentive plan.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $375,000 — CFO Annual Base Salary (This is the starting compensation for the new Chief Financial Officer.)
Key Players & Entities
- Appian Corporation (company) — The company filing the report.
- Christopher M. Smith (person) — Newly appointed Chief Financial Officer.
- $375,000 (dollar_amount) — Annual base salary for the new CFO.
- March 29, 2024 (date) — Date of the report.
- March 25, 2024 (date) — Effective date of the CFO appointment.
FAQ
Who has been appointed as the new Chief Financial Officer of Appian Corporation?
Christopher M. Smith has been appointed as the new Chief Financial Officer of Appian Corporation.
When did the appointment of the new CFO become effective?
The appointment of Christopher M. Smith as CFO became effective on March 25, 2024.
What was Christopher M. Smith's previous role at Appian?
Before becoming CFO, Christopher M. Smith served as Senior Vice President, Corporate Controller, and Chief Accounting Officer for Appian.
What is the annual base salary for the new CFO?
The annual base salary for Christopher M. Smith is $375,000.
Is the new CFO eligible for incentive compensation?
Yes, Christopher M. Smith is eligible for Appian's annual incentive plan.
Filing Stats: 1,050 words · 4 min read · ~4 pages · Grade level 15.2 · Accepted 2024-03-29 16:02:40
Filing Documents
- appn-20240329.htm (8-K) — 29KB
- 0001441683-24-000022.txt ( ) — 151KB
- appn-20240329.xsd (EX-101.SCH) — 2KB
- appn-20240329_lab.xml (EX-101.LAB) — 21KB
- appn-20240329_pre.xml (EX-101.PRE) — 12KB
- appn-20240329_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. The Company has initiated a search for a replacement Chief Revenue Officer. In the interim, the sales department leaders will report directly to Matthew Calkins, the Company's Chief Executive Officer.
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. The Company is affirming its previously provided guidance for the first quarter and full year ending December 31, 2024, previously provided in its fourth quarter 2023 earnings release and conference call on February 15, 2024. The information included in Item 2.02 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report on Form 8-K other than statements of historical facts, including statements regarding the Company's future financial and business performance for the first quarter and full year 2024, are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "will," "plan," and similar expressions are intended to identify forward-looking statements. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including the risks and uncertainties associated with the Company's ability to grow its business and manage its growth, the Company's ability to sustain its revenue growth rate, continued market acceptance of the Company's AI-Powered Process platform and adoption of low-code solutions to drive digital transformation, the fluctuation of the Company's operating results due to the length and variability of its sales cycle, competition in the markets in which the Company operates, AI being a disruptive set of technologies that may affect the markets for the Company's software dramatically and in unpredictable ways, risks and uncertainties associated with the composition and concentration of the Company's customer base and their demand for its platform and satisfaction with the services provided by the Company, the Company's ability to operate in compliance with applicable laws and regulations, the Company's strategic relationships with third parties, and addition
SIGNATURES
SIGNATURES 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. Appian Corporation Date: March 29, 2024 By: /s/ Mark Matheos Mark Matheos Chief Financial Officer