8-K
filed February 15, 2024, 6:59 PM ET
ticker PTC
CIK 0000857005
leadership
confidence high
sentiment neutral
materiality 0.50
PTC appoints Neil Barua as CEO succeeding James Heppelmann; Alice Christenson named CAO
PTC INC.
- Neil Barua appointed CEO effective Feb 14, 2024, succeeding James Heppelmann as part of board's succession plan.
- Alice Christenson appointed Chief Accounting Officer; she previously served as Corporate VP, Finance since Dec 2018.
- Annual meeting results: all nine directors elected, say-on-pay approved (96.9M for, 8.5M against), and PwC ratified for 2024.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Neil Barua was appointed as Chief Executive Officer at PTC INC..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On February 14, 2024, the Board of Directors of PTC Inc. (“PTC” or the “Company”) appointed Neil Barua, the Company’s CEO-Elect, Chief Executive Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alice Christenson was appointed as Chief Accounting Officer at PTC INC..
- Action
- appointed
- Role
- Chief Accounting Officer
Exact text from the filing
On February 14, 2024, Alice Christenson, Corporate Vice President, Finance, age 59, was appointed Chief Accounting Officer (principal accounting officer) of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James Heppelmann departed as Chief Executive Officer at PTC INC..
- Action
- stepped down
- Role
- Chief Executive Officer
Exact text from the filing
Mr. Barua succeeds James Heppelmann who, as part of the Board of Directors’ CEO succession plan, stepped down from his role as Chief Executive Officer on such date.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PTC INC. shareholders approved Advisory vote to approve the compensation of our named executive officers (Say-on-Pay) at the 2024-02-14 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-02-14
Exact text from the filing
Advisory vote to approve the compensation of our named executive officers (Say-on-Pay). For Against Abstain Broker Non-Votes 96,865,993 8,524,531 30,658 4,153,561
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PTC INC. shareholders approved Elect nine directors to serve until the 2025 Annual Meeting of Stockholders at the 2024-02-14 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-02-14
Exact text from the filing
The Annual Meeting of Stockholders was held on February 14, 2024. Three proposals were before the meeting: • Elect nine directors to serve until the 2025 Annual Meeting of Stockholders; • Advisory vote to approve the compensation of our named executive officers (Say-on-Pay); • Advisory vote to confirm the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2024.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 1.0
PTC INC. shareholders approved Advisory vote to confirm the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm for 2024 at the 2024-02-14 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-02-14
Exact text from the filing
Advisory vote to confirm the selection of PricewaterhouseCoopers LLP as our independent registered public accounting firm form 2024. For Against Abstain Broker Non-Votes 98,469,537 11,081,601 23,605 —
View on SEC.gov
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