E2open appoints Andrew Appel as permanent CEO with new three-year employment agreement

E2open Parent Holdings, Inc.

Appel's annual base salary set at $650,000 with target annual bonus of 125% of salary.
One-time cash sign-on award of $1,500,000, payable within 10 days of Feb. 12, 2024 effective date.
Equity grants include target 1,500,000 performance-based RSUs (max 3,000,000) and 1,700,000 performance-based stock options (max 3,400,000).
Also receives 1,500,000 time-based RSUs, 1,700,000 time-based options, and 285,715 sign-on time-based RSUs.
Initial three-year term with automatic annual renewals; severance of 2x base salary plus target bonus if terminated without cause.

item 5.02 item 7.01 item 9.01

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Role change

Andrew Appel

Chief Executive Officer

E2open Parent Holdings, Inc.

Effective: 2024-02-12
Filed: February 14, 2024, 6:59 PM ET

On February 8, 2024, the Company and Mr. Appel entered into an amended and restated employment letter agreement (the “A&R Agreement”), with an effective date of February 12, 2024 (the “Effective Date”), to memorialize the terms and conditions of Mr. Appel’s continued employment with the Company as its Chief Executive Officer

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Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Appel was appointed as Chief Executive Officer at E2open Parent Holdings, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On February 8, 2024, the Company and Mr. Appel entered into an amended and restated employment letter agreement (the “A&R Agreement”), with an effective date of February 12, 2024 (the “Effective Date”), to memorialize the terms and conditions of Mr. Appel’s continued employment with the Company as its Chief Executive Officer

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Source: SEC EDGAR

accession 0000950170-24-014947

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