secwatch.observer — SEC 8-K summary
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Issuer:     OPEN TEXT CORP (OTEX)
CIK:        0001002638
Form:       8-K/A
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0001002638-25-000070
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Text appoints James McGourlay as Interim CEO; discloses compensation terms
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- James McGourlay appointed Interim CEO effective August 11, 2025.
- Additional premium of C$25,695 per pay period during interim role.
- Eligible for FY2026 annual variable compensation of 100% of base salary (incl. premium).
- Target equity grant of US$281,250 in RSUs and PSUs.
- No other changes to employment terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1002638/000100263825000070/0001002638-25-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1002638/000100263825000070/otex-20250811.htm
  HTML page:      https://secwatch.observer/filing/0001002638-25-000070

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