Appian Appoints New CFO
Ticker: APPN · Form: 8-K · Filed: Oct 11, 2024 · CIK: 1441683
| Field | Detail |
|---|---|
| Company | Appian Corp (APPN) |
| Form Type | 8-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1,000,000, $125,000, $250,000, $166,666.67 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment
TL;DR
Appian names new CFO, Christopher Jones, effective Oct 9.
AI Summary
Appian Corporation announced on October 11, 2024, that its Board of Directors has appointed Christopher M. Jones as the new Chief Financial Officer, effective October 9, 2024. Jones previously served as the Interim CFO and brings extensive financial leadership experience to the role. This appointment follows the departure of the previous CFO.
Why It Matters
The appointment of a permanent CFO is a significant leadership change that can impact investor confidence and the company's financial strategy and execution.
Risk Assessment
Risk Level: medium — A change in CFO can signal underlying financial issues or strategic shifts, requiring closer monitoring of the company's financial health and performance.
Key Players & Entities
- Appian Corporation (company) — Registrant
- Christopher M. Jones (person) — Appointed Chief Financial Officer
- October 11, 2024 (date) — Date of Report
- October 9, 2024 (date) — Effective date of CFO appointment
- 7950 Jones Branch Drive (location) — Principal Executive Offices
- McLean, VA (location) — Principal Executive Offices
FAQ
Who has been appointed as the new Chief Financial Officer of Appian Corporation?
Christopher M. Jones 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. Jones as CFO became effective on October 9, 2024.
What was Christopher M. Jones's previous role at Appian Corporation?
Christopher M. Jones previously served as the Interim CFO of Appian Corporation.
What is the principal executive office address for Appian Corporation?
The principal executive office address for Appian Corporation is 7950 Jones Branch Drive, McLean, VA 22102.
What is the filing date of this Form 8-K?
This Form 8-K was filed on October 11, 2024.
Filing Stats: 1,256 words · 5 min read · ~4 pages · Grade level 11.3 · Accepted 2024-10-11 08:03:17
Key Financial Figures
- $1,000,000 — nch to receive an annual base salary of $1,000,000 and a bonus of $125,000 per month from
- $125,000 — ase salary of $1,000,000 and a bonus of $125,000 per month from November 2024 through Ap
- $250,000 — tock unit ("RSU") grant with a value of $250,000 that vests on May 5, 2025. If Mr. Lynch
- $166,666.67 — er May 2025, he will receive a bonus of $166,666.67 per month in addition to his base salar
Filing Documents
- appn-20241011.htm (8-K) — 35KB
- appnex991-pressreleasedate.htm (EX-99.1) — 10KB
- picture1.jpg (GRAPHIC) — 5KB
- 0001441683-24-000091.txt ( ) — 178KB
- appn-20241011.xsd (EX-101.SCH) — 2KB
- appn-20241011_lab.xml (EX-101.LAB) — 21KB
- appn-20241011_pre.xml (EX-101.PRE) — 12KB
- appn-20241011_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. Appointment of Mark Dorsey as Chief Revenue Officer In a press release dated October 11, 2024, the Company announced that effective October 21, 2024, Mark Dorsey will join the company as Chief Revenue Officer. Mr. Dorsey most recently was the SVP of Sales for the Americas at Alteryx from October 2023. Prior to Alteryx, Mr. Dorsey held two senior sales positions at Oracle from 2016 to 2023, including holding the position of Senior Vice President of Cloud Sales from 2019 through October 2023. Prior to Oracle, Mr. Dorsey worked as Executive Vice President, General Manager and Head of Sales Small Business at Bank of America Merchant Services from 2015-2016. Prior to Bank of America, Mr. Dorsey worked at a variety of senior sales positions at IBM. Altogether, Mr. Dorsey brings over 30 years of experience leading sales teams in cloud and SaaS companies. The Company further announced it is reaffirming its guidance for the third quarter of 2024 and full year ending December 31, 2024, previously provided in its Q2 earnings release and conference call on August 1, 2024. A copy of the press release is attached as Exhibit 99.1 and is incorporated by reference herein.
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 herein other than statements of historical facts, including statements regarding the Company's future financial and business performance for the third quarter and full year 2024 are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "may," "will," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, including the risks and uncertainties set forth in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission on February 15, 2024 and other reports that the Company has filed with the Securities and Exchange Commission. The Company is under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law.
01 Financials Statements and Exhibits
Item 9.01 Financials Statements and Exhibits. Exhibit Number Description 99.1 Press release dated October 11, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: October 11, 2024 By: /s/ Mark Matheos Mark Matheos Chief Financial Officer