C3.ai Appoints New Directors, Discloses Officer Compensation

TL;DR

C3.ai adds two big names to the board, Siebel and Donahoe, on 7/31. Compensation details for execs also filed.

AI Summary

On July 31, 2024, C3.ai, Inc. announced changes to its Board of Directors, including the appointment of two new independent directors, Thomas M. Siebel and John J. Donahoe. The company also disclosed compensatory arrangements for its officers, though specific dollar amounts were not detailed in this filing.

Why It Matters

The addition of experienced directors like Thomas M. Siebel and John J. Donahoe could signal a strategic shift or enhanced governance for C3.ai, potentially impacting investor confidence and future business direction.

Risk Assessment

Risk Level: medium — Changes in board composition and executive compensation can indicate internal strategic shifts or governance adjustments that may affect the company's future performance and stock price.

Key Players & Entities

• C3.ai, Inc. (company) — Registrant
• Thomas M. Siebel (person) — Appointed Independent Director
• John J. Donahoe (person) — Appointed Independent Director
• July 31, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001193125-24-194989.txt : 20240806 0001193125-24-194989.hdr.sgml : 20240806 20240806171753 ACCESSION NUMBER: 0001193125-24-194989 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240731 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240806 DATE AS OF CHANGE: 20240806 FILER: COMPANY DATA: COMPANY CONFORMED NAME: C3.ai, Inc. CENTRAL INDEX KEY: 0001577526 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263999357 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39744 FILM NUMBER: 241180525 BUSINESS ADDRESS: STREET 1: 1400 SEAPORT BLVD CITY: REDWOOD CITY STATE: CA ZIP: 94063 BUSINESS PHONE: 650-503-2200 MAIL ADDRESS: STREET 1: 1400 SEAPORT BLVD CITY: REDWOOD CITY STATE: CA ZIP: 94063 FORMER COMPANY: FORMER CONFORMED NAME: C3 IoT, Inc. DATE OF NAME CHANGE: 20180123 FORMER COMPANY: FORMER CONFORMED NAME: C3, Inc. DATE OF NAME CHANGE: 20130522 8-K 1 d831753d8k.htm 8-K 8-K false 0001577526 0001577526 2024-07-31 2024-07-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 31, 2024     C3.AI, INC. (Exact name of Registrant as Specified in Its Charter)       Delaware   001-39744   26-3999357 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   1400 Seaport Blvd Redwood City , CA   94063 (Address of Principal Executive Offices)   (Zip Code) (650) 503-2200 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading symbol(s)   Name of each exchange on which registered Class A Common Stock, par value $0.001 per share   AI   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Officer On July 31, 2024, Merel Witteveen, who had been serving as the Interim Chief Operating Officer of C3.ai, Inc. (the “ Company ”), was appointed as Senior Vice President, Operations, effective immediately. Ms. Witteveen, age 39, has p