Forrester Research Appoints New CFO/COO, Director Departs
Ticker: FORR · Form: 8-K · Filed: Jul 22, 2024 · CIK: 1023313
Sentiment: neutral
Topics: leadership-change, executive-compensation, board-of-directors
Related Tickers: FOR
TL;DR
New CFO/COO Ryan starts 7/22, gets $425k base + bonus. Blundin out as director.
AI Summary
Forrester Research, Inc. announced on July 19, 2024, the departure of director David L. Blundin and the election of new director David L. Blundin. The company also appointed Christopher M. Ryan as Chief Financial Officer and Chief Operating Officer, effective July 22, 2024. Ryan will receive an annual base salary of $425,000 and a target annual bonus of 75% of his base salary.
Why It Matters
This filing indicates a significant leadership change in finance and operations, which could impact the company's strategic direction and financial management.
Risk Assessment
Risk Level: medium — Leadership changes, especially in key financial roles, can introduce uncertainty and potential shifts in strategy.
Key Numbers
- $425,000 — CFO/COO Base Salary (Christopher M. Ryan's annual base compensation.)
- 75% — CFO/COO Bonus Target (Christopher M. Ryan's potential annual bonus as a percentage of base salary.)
Key Players & Entities
- Forrester Research, Inc. (company) — Registrant
- David L. Blundin (person) — Departing and newly elected director
- Christopher M. Ryan (person) — Appointed Chief Financial Officer and Chief Operating Officer
- $425,000 (dollar_amount) — Annual base salary for Christopher M. Ryan
- 75% (dollar_amount) — Target annual bonus percentage for Christopher M. Ryan
- July 19, 2024 (date) — Date of earliest event reported
- July 22, 2024 (date) — Effective date for Christopher M. Ryan's appointment
FAQ
Why did David L. Blundin depart as a director on July 19, 2024?
The filing does not provide a specific reason for David L. Blundin's departure as a director.
What are the specific responsibilities of Christopher M. Ryan as CFO and COO?
The filing states his appointment to these roles but does not detail specific responsibilities beyond the titles.
Will Christopher M. Ryan receive any equity compensation?
The filing details his base salary and bonus but does not mention any equity compensation.
Is the election of David L. Blundin as a new director related to his previous departure?
The filing indicates David L. Blundin departed and was subsequently elected as a director, but does not explicitly state if it's the same individual or if the events are directly linked beyond the name.
What is the duration of Christopher M. Ryan's employment agreement?
The filing does not specify the term or duration of Christopher M. Ryan's employment agreement.
Filing Stats: 480 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-07-22 16:10:52
Filing Documents
- d867634d8k.htm (8-K) — 23KB
- d867634dex991.htm (EX-99.1) — 6KB
- 0001193125-24-182216.txt ( ) — 147KB
- forr-20240719.xsd (EX-101.SCH) — 3KB
- forr-20240719_lab.xml (EX-101.LAB) — 17KB
- forr-20240719_pre.xml (EX-101.PRE) — 11KB
- d867634d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 99.1 Press Release dated July 22, 2024 issued by Forrester Research, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). -2-
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 hereunto duly authorized. FORRESTER RESEARCH, INC. By /s/ Ryan D. Darrah Name: Ryan D. Darrah Title:Chief Legal Officer Date: July 22, 2024 -3-