Cerence Inc. Director Departs, Executive Compensation Disclosed
Ticker: CRNC · Form: 8-K · Filed: 2024-03-04T00:00:00.000Z
Sentiment: neutral
Topics: director-departure, executive-compensation, disclosure
Related Tickers: CRNC
TL;DR
Cerence director Steven Zuanic out, exec pay details filed.
AI Summary
Cerence Inc. announced on February 28, 2024, the departure of director Steven J. Zuanic. The company also disclosed compensatory arrangements for its named executive officers, though specific details and dollar amounts are not provided in this excerpt. This filing is a standard 8-K report.
Why It Matters
The departure of a director can signal internal changes or strategic shifts within the company. Details on executive compensation are important for understanding how leadership is incentivized.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of director departure and executive compensation arrangements, with no immediate negative financial implications indicated.
Key Players & Entities
- Cerence Inc. (company) — Registrant
- Steven J. Zuanic (person) — Departing Director
- February 28, 2024 (date) — Date of earliest event reported
FAQ
Who is Steven J. Zuanic and what was his role at Cerence Inc.?
Steven J. Zuanic was a director at Cerence Inc. His departure was reported on February 28, 2024.
What specific compensatory arrangements were disclosed for Cerence Inc.'s officers?
The filing indicates that compensatory arrangements for certain officers were disclosed, but the specific details and dollar amounts are not provided in this excerpt.
What is the significance of an 8-K filing?
An 8-K filing is a report of unscheduled material events or corporate changes that are important to shareholders and the public.
When was the earliest event reported in this filing?
The earliest event reported in this filing occurred on February 28, 2024.
What is Cerence Inc.'s primary business sector?
Cerence Inc. operates in the Services-Prepackaged Software sector, with SIC code 7372.
Filing Stats: 1,984 words · 8 min read · ~7 pages · Grade level 13.3 · Accepted 2024-03-04 08:38:00
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value CRNC The NASDAQ Stock Mar
- $500,000 — a will receive an annual base salary of $500,000. In addition, Mr. Tempesta will be elig
- $3 million — award with a target aggregate value of $3 million. Such award will consist of 50% time-ba
Filing Documents
- d803481d8k.htm (8-K) — 38KB
- d803481dex101.htm (EX-10.1) — 64KB
- d803481dex991.htm (EX-99.1) — 10KB
- g803481st17.jpg (GRAPHIC) — 49KB
- 0001193125-24-056964.txt ( ) — 328KB
- crnc-20240228.xsd (EX-101.SCH) — 3KB
- crnc-20240228_lab.xml (EX-101.LAB) — 18KB
- crnc-20240228_pre.xml (EX-101.PRE) — 11KB
- d803481d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 2024 Inducement Plan and form of award agreements thereunder 99.1 Press Release issued by Cerence Inc. on March 4, 2024 (furnished herewith) 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 thereunto duly authorized. Cerence Inc. Date: March 4, 2024 By: /s/ Stefan Ortmanns Name: Stefan Ortmanns Title: Chief Executive Officer