nCino, Inc. Reports Director Changes and Executive Compensation Updates
Ticker: NCNO · Form: 8-K · Filed: Feb 3, 2025 · CIK: 1902733
| Field | Detail |
|---|---|
| Company | Ncino, INC. (NCNO) |
| Form Type | 8-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0005, $500,000, $8.2 million, $260,000, $4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: NCNO
TL;DR
nCino board shakeup and exec pay changes filed Jan 31.
AI Summary
On January 31, 2025, nCino, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, effective as of the report date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation disclosures, with no immediate financial or operational risks indicated.
Key Players & Entities
- nCino, Inc. (company) — Registrant
- January 31, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 6770 Parker Farm Drive Wilmington, North Carolina 28405 (address) — Principal Executive Offices
- 888-676-2466 (phone_number) — Registrant's Telephone Number
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as Regulation FD Disclosure and Financial Statements and Exhibits.
What is the exact date of the earliest event reported?
The date of the earliest event reported is January 31, 2025.
What is the company's principal executive office address?
The principal executive offices are located at 6770 Parker Farm Drive, Wilmington, North Carolina 28405.
What is the company's IRS Employer Identification Number?
The IRS Employer Identification Number is 87-4154342.
What is the SIC code for nCino, Inc.?
The Standard Industrial Classification code for nCino, Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 1,516 words · 6 min read · ~5 pages · Grade level 11.3 · Accepted 2025-02-03 07:32:31
Key Financial Figures
- $0.0005 — ich registered Common Stock, par value $0.0005 per share NCNO The Nasdaq Global Select
- $500,000 — to Mr. Desmond's annual base salary to $500,000; (ii) an increase to Mr. Desmond's targ
- $8.2 million — a target grant date fair value equal to $8.2 million for the Company's fiscal year 2026. In
- $260,000 — (i) to receive an annual base salary of $260,000, (ii) to participate in the Annual Ince
- $4 million — target equity incentive opportunity of $4 million for the Company's fiscal year 2026; a
Filing Documents
- ncno-20250131.htm (8-K) — 35KB
- exhibit101amendedandrestat.htm (EX-10.1) — 82KB
- exhibit102letteragreementn.htm (EX-10.2) — 19KB
- exhibit991pressreleaseofnc.htm (EX-99.1) — 12KB
- ncinologo.jpg (GRAPHIC) — 7KB
- ncinologo1.jpg (GRAPHIC) — 7KB
- 0001902733-25-000002.txt ( ) — 317KB
- ncno-20250131.xsd (EX-101.SCH) — 2KB
- ncno-20250131_lab.xml (EX-101.LAB) — 21KB
- ncno-20250131_pre.xml (EX-101.PRE) — 12KB
- ncno-20250131_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The Company issued a press release, dated February 3, 2025, related to Mr. Desmond's appointment as President and Chief Executive Officer and Mr. Naud's transition to Executive Chairman described above. A copy of this press release is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Amended and Restated Employment Agreement, by and between nCino OpCo, Inc. and Sean Desmond, entered into and effective February 1, 2025. 10.2 Letter Agreement, by and between nCino, Inc. and Pierre Naud entered into February 1, 2025. 99.1 Press release of nCino, Inc. dated February 3, 2025 (furnished and not filed) 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 hereunto duly authorized. nCino, Inc. Date: February 3, 2025 By: /s/ April Rieger April Rieger Chief Legal & Compliance Officer and Secretary