Vertex, Inc. Files 8-K on Operations, Personnel, and Financials
Ticker: VERX · Form: 8-K · Filed: Oct 21, 2025 · CIK: 1806837
| Field | Detail |
|---|---|
| Company | Vertex, Inc. (VERX) |
| Form Type | 8-K |
| Filed Date | Oct 21, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $235,000, $50,000, $700,000, $25,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: operations, personnel, financials
TL;DR
Vertex Inc. dropped an 8-K detailing financials, exec changes, and compensation. Big moves happening.
AI Summary
Vertex, Inc. filed an 8-K on October 21, 2025, reporting on results of operations and financial condition. The filing also covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. Additionally, it includes financial statements and exhibits.
Why It Matters
This 8-K filing provides crucial updates on Vertex, Inc.'s financial performance and significant changes in its leadership and officer compensation, impacting investor understanding of the company's direction.
Risk Assessment
Risk Level: medium — The filing contains information about operational results, financial condition, and changes in officers and directors, which can introduce uncertainty and affect stock price.
Key Players & Entities
- Vertex, Inc. (company) — Registrant
- October 20, 2025 (date) — Earliest event reported
- October 21, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 2301 Renaissance Blvd. King of Prussia, Pennsylvania 19406 (address) — Principal executive offices
FAQ
What specific financial results are being reported by Vertex, Inc. in this 8-K?
The 8-K filing indicates it covers 'Results of Operations and Financial Condition' but does not provide specific financial figures within the provided text.
Were there any changes in Vertex, Inc.'s board of directors or executive officers reported?
Yes, the filing explicitly mentions 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers'.
Does the 8-K detail any new compensatory arrangements for Vertex, Inc. officers?
Yes, the filing covers 'Compensatory Arrangements of Certain Officers'.
When was the earliest event reported in this Vertex, Inc. 8-K filing?
The earliest event reported was on October 20, 2025.
What is Vertex, Inc.'s primary business as indicated by its SIC code?
Vertex, Inc.'s Standard Industrial Classification (SIC) code is 7372, which corresponds to SERVICES-PREPACKAGED SOFTWARE.
Filing Stats: 1,785 words · 7 min read · ~6 pages · Grade level 11.1 · Accepted 2025-10-21 08:39:29
Key Financial Figures
- $0.001 — ich registered Class A common stock, $0.001 par value per share VERX The Nasdaq
- $235,000 — y will pay Mr. DeStefano a fee equal to $235,000 for the consulting services through Dec
- $50,000 — 2025, the monthly fee will be equal to $50,000. Mr. DeStefano will remain eligible for
- $700,000 — he following: (i) annual base salary of $700,000, (ii) a restricted stock unit grant cov
- $25,000,000 — ommon stock with a fair market value of $25,000,000 at grant, subject to vesting as describ
- $500,000 — (the "RSUs"), (iii) a signing bonus of $500,000, subject to repayment as described belo
- $25,000 — the Employment Agreement, not to exceed $25,000, and (vii) severance in connection with
Filing Documents
- tm2529072d1_8k.htm (8-K) — 36KB
- tm2529072d1_ex10-1.htm (EX-10.1) — 38KB
- tm2529072d1_ex10-2.htm (EX-10.2) — 123KB
- tm2529072d1_ex99-1.htm (EX-99.1) — 23KB
- 0001104659-25-101040.txt ( ) — 437KB
- verx-20251020.xsd (EX-101.SCH) — 3KB
- verx-20251020_lab.xml (EX-101.LAB) — 33KB
- verx-20251020_pre.xml (EX-101.PRE) — 22KB
- tm2529072d1_8k_htm.xml (XML) — 3KB
02.Results of Operations and Financial Condition
Item 2.02.Results of Operations and Financial Condition. On October 21, 2025, Vertex, Inc. (the "Company") issued a press release announcing certain preliminary results for the three months ended September 30, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated by reference herein. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 21, 2025, the Company announced that David DeStefano, the Company's Chief Executive Officer, President and Chairperson of the board of directors of the Company (the "Board"), will retire as an executive officer of the Company effective as of November 10, 2025 (the "Retirement Date"). In connection with his retirement, Mr. DeStefano entered into a Retirement Agreement and Release with the Company (the "Retirement Agreement"), pursuant to which he will continue to advise the Company's management team and perform such other services as may be reasonably requested from time to time by the Chief Executive Officer of the Company until December 31, 2025. The Company may extend the consulting period for additional one-month periods but not beyond March 31, 2026. Mr. DeStefano will remain as Chairperson of the Board. Pursuant to the Retirement Agreement, the Company will pay Mr. DeStefano a fee equal to $235,000 for the consulting services through December 31, 2025. If the Company extends the consulting period beyond December 31, 2025, the monthly fee will be equal to $50,000. Mr. DeStefano will remain eligible for his annual bonus for 2025, and his outstanding restricted stock units will continue to vest while he provides the consulting services and while he serves on the Board. Mr. DeStefano executed a general release and waiver of claims against the Company. Mr. DeStefano continues to be bound by the confidentiality and restrictive covenant provisions set forth in his Executive Employme
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Retirement Agreement and Release between David DeStefano and the Company, dated October 20, 2025. 10.2 Employment Agreement between Christopher Young and the Company, dated October 20 2025. 99.1 Press Release issued by the Company, dated October 21, 2025. 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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. VERTEX, INC. Date: October 21, 2025 By: /s/ Bryan Rowland Name: Bryan Rowland Title: General Counsel and Secretary