Bentley Systems Files 8-K on Officer/Director Changes
Ticker: BSY · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1031308
| Field | Detail |
|---|---|
| Company | Bentley Systems Inc (BSY) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $400,000, $7.5 million, $488,889, $1.5 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
Related Tickers: BSY
TL;DR
Bentley Systems (BSY) filed an 8-K detailing director/officer changes and compensation.
AI Summary
Bentley Systems, Inc. filed an 8-K on January 13, 2025, reporting events as of January 7, 2025. The filing covers the departure of directors, election of directors, appointment of officers, and compensatory arrangements for certain officers. It also includes Regulation FD disclosures and financial statements/exhibits.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing is routine and reports on corporate governance changes without immediate financial implications.
Key Players & Entities
- Bentley Systems, Inc. (company) — Registrant
- January 7, 2025 (date) — Earliest event reported
- January 13, 2025 (date) — Filing date
FAQ
What specific officer or director positions were affected by the changes reported in this 8-K?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but does not specify the names or exact roles affected within this summary.
Are there any financial implications mentioned in this 8-K regarding the officer or director changes?
The filing mentions 'Compensatory Arrangements of Certain Officers', suggesting potential financial aspects, but specific dollar amounts or details of these arrangements are not provided in the summary.
What is the primary purpose of this 8-K filing for Bentley Systems?
The primary purpose is to report significant corporate events, including changes in directors and officers, and related compensation matters, as required by the SEC.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 7, 2025.
Does this 8-K filing include any new financial statements?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as an item being reported.
Filing Stats: 1,305 words · 5 min read · ~4 pages · Grade level 11.2 · Accepted 2025-01-13 08:06:24
Key Financial Figures
- $0.01 — tered Class B common stock, par value $0.01 per share BSY The Nasdaq Stock Mark
- $400,000 — Mr. Lee will receive a base salary of $400,000 (prorated for 2025) and will have an in
- $7.5 million — mmon Stock having an aggregate value of $7.5 million. The RSUs will be granted pursuant to t
- $488,889 — based RSUs having an aggregate value of $488,889, vesting in four substantially equal an
- $1.5 million — ill receive a cash severance payment of $1.5 million (subject to applicable withholding) and
Filing Documents
- tm252935d1_8k.htm (8-K) — 36KB
- tm252935d1_ex99-1.htm (EX-99.1) — 9KB
- tm252935d1_ex99-1img001.jpg (GRAPHIC) — 9KB
- tm252935d1_ex99-1img002.jpg (GRAPHIC) — 22KB
- 0001104659-25-002871.txt ( ) — 262KB
- bsy-20250107.xsd (EX-101.SCH) — 3KB
- bsy-20250107_lab.xml (EX-101.LAB) — 33KB
- bsy-20250107_pre.xml (EX-101.PRE) — 22KB
- tm252935d1_8k_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On January 13, 2025, the Company issued a press release announcing the above executive changes. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated January 13, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: January 13, 2025 By: /s/ David R. Shaman Name: David R. Shaman Title: Chief Legal Officer and Secretary