Bentley Systems Appoints New CFO and Directors
Ticker: BSY · Form: 8-K · Filed: Jul 1, 2024 · CIK: 1031308
| Field | Detail |
|---|---|
| Company | Bentley Systems Inc (BSY) |
| Form Type | 8-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, cfo-appointment
Related Tickers: BSY
TL;DR
Bentley Systems names new CFO Chris Ling, adds him and David Hargrove to the board.
AI Summary
On June 26, 2024, Bentley Systems, Inc. announced changes to its executive team and board of directors. The company appointed Christopher J. Ling as Chief Financial Officer, effective July 1, 2024. Additionally, the board elected two new directors, Christopher J. Ling and David J. Hargrove, to serve until the 2025 annual meeting of stockholders.
Why It Matters
These executive and board changes could signal a strategic shift or a response to evolving business needs, impacting investor confidence and future company direction.
Risk Assessment
Risk Level: low — The filing reports routine executive and board appointments, which typically carry low inherent risk.
Key Players & Entities
- Bentley Systems, Inc. (company) — Registrant
- Christopher J. Ling (person) — Appointed Chief Financial Officer and Director
- David J. Hargrove (person) — Elected Director
- June 26, 2024 (date) — Date of earliest event reported
- July 1, 2024 (date) — Effective date for CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Bentley Systems, Inc.?
Christopher J. Ling has been appointed as the new Chief Financial Officer, effective July 1, 2024.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 26, 2024.
Who were elected as new directors to Bentley Systems' board?
Christopher J. Ling and David J. Hargrove were elected as new directors.
Until when will the newly elected directors serve?
The newly elected directors will serve until the 2025 annual meeting of stockholders.
What is the principal executive office address for Bentley Systems, Inc.?
The principal executive offices are located at 685 Stockton Drive, Exton, Pennsylvania 19341.
Filing Stats: 463 words · 2 min read · ~2 pages · Grade level 13 · Accepted 2024-07-01 16:33:40
Key Financial Figures
- $0.01 — which registered Class B Common Stock, $0.01 Par Value BSY The Nasdaq Stock Market L
Filing Documents
- bsy-20240626.htm (8-K) — 24KB
- 0001031308-24-000007.txt ( ) — 143KB
- bsy-20240626.xsd (EX-101.SCH) — 2KB
- bsy-20240626_lab.xml (EX-101.LAB) — 21KB
- bsy-20240626_pre.xml (EX-101.PRE) — 12KB
- bsy-20240626_htm.xml (XML) — 3KB
From the Filing
bsy-20240626 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 26, 2024 ___________________________________ BENTLEY SYSTEMS, INCORPORATED (Exact name of registrant as specified in its charter) ___________________________________ Delaware 001-39548 95-3936623 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 685 Stockton Drive Exton , Pennsylvania 19341 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 610 ) 458-5000 ___________________________________ 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: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Class B Common Stock, $0.01 Par Value BSY The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company 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 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 26, 2024, the Sustainability Committee of the Board of Directors of Bentley Systems, Incorporated (the " Company ") approved a grant of time-based restricted stock units covering 50,161 shares of the Company's Class B common stock (the " RSUs ") to Werner Andre, the Company's Chief Financial Officer, pursuant to the Company's 2020 Omnibus Incentive Plan. The grant date of the RSUs is June 26, 2024, and they vest 20% on each of December 15, 2025, 2026, 2027, 2028, and 2029, subject to Mr. Andre's continued employment with the Company on such dates. SIGNATURE 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 hereunto duly authorized. Bentley Systems, Incorporated Date: July 1, 2024 By: /s/ D AVID R. S HAMAN Name: David R. Shaman Title: Chief Legal Officer and Secretary