secwatch.observer — SEC 8-K summary
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Issuer:     E2open Parent Holdings, Inc. (—)
CIK:        0001800347
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0000950170-23-052617
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

E2open CEO Michael Farlekas departs; Andrew Appel named interim CEO
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- Farlekas and board mutually agreed to new leadership; he ceases as CEO, employee, and director effective Oct 10, 2023.
- Andrew Appel appointed interim CEO and director; he previously led IRI (Circana) and brings 25+ years tech experience.
- Board starts external search for permanent CEO; leading executive search firm retained.
- Appel to receive $500K base salary for initial 6-month term plus ~$685K initial restricted stock grant and monthly $100K grants thereafter.
- Farlekas signed separation agreement including consulting through Dec 31, 2023, with severance per executive severance plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1800347/000095017023052617/0000950170-23-052617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1800347/000095017023052617/etwo-20231010.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-052617

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer