{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-003309","form_type":"8-K","ticker":"PTC","cik":"0000857005","company_name":"PTC INC.","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.267266+00:00","generated_at":"2026-06-19T07:33:58.409541+00:00","sec_items":["5.02","5.07","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"PTC separates CEO/President roles; promotes DiTullio to President and COO; extends Heppelmann's agreement to 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-003309","json":"https://secwatch.observer/filing/0000950170-23-003309.json","markdown":"https://secwatch.observer/filing/0000950170-23-003309.md","text":"https://secwatch.observer/filing/0000950170-23-003309.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/ptc-20230216.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T07:33:58.409541+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2cc4cfb6c1","claim":"Michael DiTullio was appointed as President and Chief Operating Officer at PTC INC..","evidence_excerpt":"Michael DiTullio, 55, promoted to President and Chief Operating Officer of PTC.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"President and Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"309565e1dc","claim":"James Heppelmann changed role as Chief Executive Officer at PTC INC..","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"continued"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"163f9bc23b2a9a750c95a16473772e7b9c623cab","claim":"PTC INC. shareholders approved Advisory vote to approve the compensation of our named executive officers (Say-on-Pay) at the 2023-02-16 meeting.","evidence_excerpt":"Advisory vote to approve the compensation of our named executive officers (Say-on-Pay).","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-16"}],"fact_type":"shareholder_vote"},{"claim_id":"1817b4e883707c5415c76eec8b6b5f8f02316897","claim":"PTC INC. shareholders approved Advisory vote to approve the frequency of the Say-on-Pay vote at the 2023-02-16 meeting.","evidence_excerpt":"Advisory vote to approve the frequency of the Say-on-Pay vote.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"say on pay frequency"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-16"}],"fact_type":"shareholder_vote"},{"claim_id":"8404d78938be32e4fd6eb399a54bf1194eec003c","claim":"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.","evidence_excerpt":"Approve an increase of 2,000,000 shares under the 2016 Employee Stock Purchase Plan.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-16"}],"fact_type":"shareholder_vote"},{"claim_id":"85232d0f9731692562520204803612fd86c32c65","claim":"PTC INC. shareholders approved Elect nine directors to serve until the 2024 Annual Meeting of Stockholders at the 2023-02-16 meeting.","evidence_excerpt":"Elect Nine Directors to Serve until the 2024 Annual Meeting of Stockholders.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"director election"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-16"}],"fact_type":"shareholder_vote"},{"claim_id":"b03dded523aa23b4d1a73d7a37710b8e2de24fc0","claim":"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.","evidence_excerpt":"Approve an increase of 6,000,000 shares available for issuance under the 2000 Equity Incentive Plan.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-16"}],"fact_type":"shareholder_vote"},{"claim_id":"f52548c02c8498ef3eaeddcf2048d269f2b46ed8","claim":"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.","evidence_excerpt":"Advisory vote to confirm the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2023.","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/857005/000095017023003309/0000950170-23-003309-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"auditor ratification"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-02-16"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}