nCino Appoints New CFO, Gregory Potter
Ticker: NCNO · Form: 8-K · Filed: Apr 8, 2024 · CIK: 1902733
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: NCNO
TL;DR
nCino names Gregory Potter new CFO, starting April 8th. He gets $350k salary + stock.
AI Summary
On March 26, 2024, nCino, Inc. announced the appointment of Gregory L. Potter as Chief Financial Officer, effective April 8, 2024. Potter will receive an annual base salary of $350,000 and will be eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over four years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $350,000 — CFO Base Salary (Annual compensation for Gregory L. Potter.)
- 150,000 — RSUs Granted (Stock incentive for the new Chief Financial Officer.)
Key Players & Entities
- nCino, Inc. (company) — The company filing the report.
- Gregory L. Potter (person) — Newly appointed Chief Financial Officer.
- $350,000 (dollar_amount) — Annual base salary for the new CFO.
- 150,000 (dollar_amount) — Number of restricted stock units granted to the new CFO.
- April 8, 2024 (date) — Effective date of the new CFO's appointment.
- March 26, 2024 (date) — Date of the report.
FAQ
What is Gregory L. Potter's annual base salary?
Gregory L. Potter's annual base salary is $350,000.
When is Gregory L. Potter's appointment as CFO effective?
Gregory L. Potter's appointment as Chief Financial Officer is effective April 8, 2024.
What stock-based compensation will Gregory L. Potter receive?
Gregory L. Potter will be granted 150,000 restricted stock units (RSUs) vesting over four years.
Is Gregory L. Potter eligible for a bonus?
Yes, Gregory L. Potter will be eligible for a discretionary annual bonus.
What other items are covered in this 8-K filing?
This 8-K filing also covers the departure of directors or certain officers, election of directors, and compensatory arrangements of certain officers.
Filing Stats: 459 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-04-08 16:10:17
Key Financial Figures
- $0.0005 — ich registered Common Stock, par value $0.0005 per share NCNO The Nasdaq Global Select
Filing Documents
- ncno-20240326.htm (8-K) — 20KB
- 0001902733-24-000078.txt ( ) — 139KB
- ncno-20240326.xsd (EX-101.SCH) — 2KB
- ncno-20240326_lab.xml (EX-101.LAB) — 21KB
- ncno-20240326_pre.xml (EX-101.PRE) — 12KB
- ncno-20240326_htm.xml (XML) — 3KB
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. nCino, Inc. Date: April 8, 2024 By: /s/ April R. Rieger April R. Rieger Chief Legal & Compliance Officer and Secretary