Open Text Announces Executive and Board Changes
Ticker: OTEX · Form: 8-K · Filed: Jul 9, 2024 · CIK: 1002638
Sentiment: neutral
Topics: executive-changes, board-changes, filing
Related Tickers: OTEX
TL;DR
Open Text shakes up exec team and board on July 9th.
AI Summary
Open Text Corporation announced on July 9, 2024, a series of executive and board changes. These include the appointment of new officers and directors, as well as changes to existing compensatory arrangements. The filing also notes other events and includes financial statements and exhibits.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Open Text Corporation (company) — Registrant
- July 9, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by these executive and board changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' but does not specify the exact roles in the provided text.
Are there any new financial statements or exhibits included with this filing?
Yes, the filing explicitly lists 'Financial Statements and Exhibits' as an item information.
What is Open Text Corporation's fiscal year end?
Open Text Corporation's fiscal year ends on June 30 (0630).
What is the primary business address of Open Text Corporation?
The primary business address is 275 Frank Tompa Drive, Waterloo, Ontario, Canada N2L 0A1.
What is the SIC code for Open Text Corporation?
The Standard Industrial Classification (SIC) code for Open Text Corporation is 7373, which corresponds to SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN.
Filing Stats: 642 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-07-09 08:56:32
Filing Documents
- otex-20240709.htm (8-K) — 28KB
- pressreleaseboardappointme.htm (EX-99.1) — 5KB
- 0001002638-24-000038.txt ( ) — 160KB
- otex-20240709.xsd (EX-101.SCH) — 2KB
- otex-20240709_lab.xml (EX-101.LAB) — 22KB
- otex-20240709_pre.xml (EX-101.PRE) — 13KB
- otex-20240709_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. Incorporated by reference is a press release issued by OpenText on July 9, 2024, which is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release, dated July 9, 2024 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. OPEN TEXT CORPORATION July 9, 2024 By: /s/ Michael F. Acedo Michael F. Acedo Executive Vice-President, Chief Legal Officer & Corporate Secretary