---
schema_version: "secwatch.filing_event.v1"
accession: "0001085869-23-000124"
form_type: "8-K"
ticker: null
cik: "0001085869"
company_name: "PERFICIENT INC"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-12T23:41:43.056136+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perficient Q2 rev $231M (+4%), EPS $0.73; CEO Davis to Exec Chair, Hogan new CEO Oct 1

## Summary
- Revenue $231.1M, +4% YoY; net income $26.4M (-5%); GAAP EPS $0.73 (-5%); adjusted EPS $1.00 (-6%).
- Adjusted EBITDA $48.2M (-6%); company cites cautious enterprise spending amid macro uncertainty.
- CEO Jeff Davis transitions to Executive Chairman; President Tom Hogan becomes CEO, effective Oct 1, 2023.
- Board expands from 8 to 9 directors; Hogan appointed to fill vacancy effective Oct 1.
- New director Jill A. Jones (former Brown-Forman EVP) elected at 2023 annual meeting.

## SEC filing metadata
- accession: 0001085869-23-000124
- form_type: 8-K
- cik: 0001085869
- company_name: PERFICIENT INC
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/0001085869-23-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/prft-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001085869-23-000124
- JSON: https://secwatch.observer/filing/0001085869-23-000124.json
- Plain text: https://secwatch.observer/filing/0001085869-23-000124.txt

## Key facts
- Earnings Releases
  PERFICIENT INC reported the quarter ended June 30, 2023 results: revenue $231.1 million, net income $26.4 million, EPS $0.73.
  - Period: the quarter ended June 30, 2023
  - Revenue: $231.1 million
  - Net income: $26.4 million
  - EPS: $0.73
  - Result: reported results
  source text: For the quarter ended June 30, 2023: • Revenues increased 4% to $231.1 million from $222.7 million in the second quarter of 2022; • Net income remained strong at $26.4 million, but decreased from $27.8 million in the second quarter of 2022; • GAAP earnings per share results on a fully diluted basis decreased 5% to $0.73 from $0.77 in the second quarter of 2022;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/0001085869-23-000124-index.htm
- Executive change
  Jeffrey S. Davis changed role as Executive Chairman at PERFICIENT INC.
  - Action: will become
  - Role: Executive Chairman
  source text: Jeffrey S. Davis, the current Chief Executive Officer, will become the Executive Chairman of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/0001085869-23-000124-index.htm
- Executive change
  Thomas J. Hogan was appointed as Director at PERFICIENT INC.
  - Action: appointed
  - Role: Director
  source text: the Board approved an increase in the size of the Board from eight directors to nine directors and appointed Mr. Hogan to fill the newly-created vacancy
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/0001085869-23-000124-index.htm
- Executive change
  Thomas J. Hogan changed role as Chief Executive Officer and President at PERFICIENT INC.
  - Action: will become
  - Role: Chief Executive Officer and President
  source text: Thomas J. Hogan, the current President, will become the Chief Executive Officer of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/0001085869-23-000124-index.htm
- Governance Changes
  PERFICIENT INC: Amendment and restatement of the bylaws, including modifications to stockholder proxy solicitation, remote meetings, and inspector of elections (effective 2023-07-25).
  - Change: bylaw amendment
  - Effective: 2023-07-25
  source text: ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR On July 25, 2023, the Board approved and adopted an amendment and restatement the Company’s bylaws (as amended and restated, the “Second Amended and Restated Bylaws”), effective as of that date. The amendments contained in the Second Amended and Restated Bylaws include, among other things: • modifying Section 3.2 to provide for requirements and procedures for stockholder proxy solicitations; • revising Sections 3.1, and 4.5 to allow for the Board to conduct stockholder meetings by means of remote communications and to allow directors to participate in Board meetings by means of remote communications; • adding Section 3.12 to reflect the Board’s practice to appoint one or more inspectors at meetings of stockholders; and • incorporating other technical and conforming revisions and clarifications.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1085869/000108586923000124/0001085869-23-000124-index.htm

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