8-K
filed February 21, 2023, 6:59 PM ET
ticker PTC
CIK 0000857005
leadership
confidence high
sentiment neutral
materiality 0.60
PTC separates CEO/President roles; promotes DiTullio to President and COO; extends Heppelmann's agreement to 2026
PTC INC.
- James Heppelmann remains CEO; Michael DiTullio promoted to President and COO, effective Feb 16, 2023.
- Heppelmann's executive agreement extended from Sep 30, 2023 to Sep 30, 2026; no other compensation changes.
- Stockholders approved increase of 6M shares under 2000 Equity Incentive Plan (to 50.3M total).
- Stockholders approved increase of 2M shares under 2016 Employee Stock Purchase Plan (to 4M total).
- All nine director nominees elected; say-on-pay passed with ~92% of votes cast.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael DiTullio was appointed as President and Chief Operating Officer at PTC INC..
- Action
- promoted
- Role
- President and Chief Operating Officer
Exact text from the filing
Michael DiTullio, 55, promoted to President and Chief Operating Officer of PTC.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Heppelmann changed role as Chief Executive Officer at PTC INC..
- Action
- continued
- Role
- Chief Executive Officer
Exact text from the filing
the Board of Directors separated the positions of Chief Executive Officer and President of PTC, with James Heppelmann, 58, continuing as Chief Executive Officer of PTC
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PTC INC. shareholders approved Advisory vote to approve the compensation of our named executive officers (Say-on-Pay) at the 2023-02-16 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-02-16
Exact text from the filing
Advisory vote to approve the compensation of our named executive officers (Say-on-Pay).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PTC INC. shareholders approved Advisory vote to approve the frequency of the Say-on-Pay vote at the 2023-02-16 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-02-16
Exact text from the filing
Advisory vote to approve the frequency of the Say-on-Pay vote.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PTC INC. shareholders approved Approve an increase of 2,000,000 shares under the 2016 Employee Stock Purchase Plan at the 2023-02-16 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-02-16
Exact text from the filing
Approve an increase of 2,000,000 shares under the 2016 Employee Stock Purchase Plan.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PTC INC. shareholders approved Elect nine directors to serve until the 2024 Annual Meeting of Stockholders at the 2023-02-16 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-02-16
Exact text from the filing
Elect Nine Directors to Serve until the 2024 Annual Meeting of Stockholders.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PTC INC. shareholders approved Approve an increase of 6,000,000 shares available for issuance under the 2000 Equity Incentive Plan at the 2023-02-16 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-02-16
Exact text from the filing
Approve an increase of 6,000,000 shares available for issuance under the 2000 Equity Incentive Plan.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PTC INC. shareholders approved Advisory vote to confirm the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2023 at the 2023-02-16 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-02-16
Exact text from the filing
Advisory vote to confirm the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2023.
View on SEC.gov
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