---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-015850"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:44:32.493887+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PTC appoints Neil Barua as CEO succeeding James Heppelmann; Alice Christenson named CAO

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-015850
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/ptc-20240214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-015850
- JSON: https://secwatch.observer/filing/0000950170-24-015850.json
- Plain text: https://secwatch.observer/filing/0000950170-24-015850.txt

## Key facts
- Executive change
  Neil Barua was appointed as Chief Executive Officer at PTC INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm
- Executive change
  Alice Christenson was appointed as Chief Accounting Officer at PTC INC..
  - Action: appointed
  - Role: Chief Accounting Officer
  source text: On February 14, 2024, Alice Christenson, Corporate Vice President, Finance, age 59, was appointed Chief Accounting Officer (principal accounting officer) of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm
- Executive change
  James Heppelmann departed as Chief Executive Officer at PTC INC..
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm
- Shareholder Votes
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm
- Shareholder Votes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm
- Shareholder Votes
  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
  source text: 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 —
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000095017024015850/0000950170-24-015850-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.