Yext appoints Michael Walrath as CEO and Darryl Bond as CFO; Lerman and Cakebread step down

Yext, Inc.

CEO Howard Lerman steps down effective March 25, 2022; Chairman Michael Walrath appointed as CEO, no cash compensation.
Walrath receives 2,000,000 performance-based RSUs vesting upon stock price targets: $15, $17, $19, $21 per share.
CFO Steven Cakebread steps down; Darryl Bond (CAO) succeeds as CFO with base salary $400k and 600k RSUs.
Marc Ferrentino appointed President/COO with base salary $500k, target bonus $325k, and 600k RSU grant.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Steven Cakebread

Chief Financial Officer

YEXT · Yext, Inc.

Effective: 2022-03-25
Filed: March 8, 2022, 6:59 PM ET

On March 7, 2022, Steven Cakebread notified the Board of his intention to step down from his position as Chief Financial Officer of the Company effective March 25, 2022.

Departed

Howard Lerman

Chief Executive Officer

YEXT · Yext, Inc.

Effective: 2022-03-25
Successor: Michael Walrath
Filed: March 8, 2022, 6:59 PM ET

On March 7, 2022, Howard Lerman notified the Company’s board of directors (the “Board”) of his intention to step down from his position as Chief Executive Officer of the Company effective March 25, 2022.

Appointed

Michael Walrath

Chief Executive Officer

YEXT · Yext, Inc.

Effective: 2022-03-25
Filed: March 8, 2022, 6:59 PM ET

The Board has appointed Michael Walrath, the Chairman of the Board, to succeed Mr. Lerman as Chief Executive Officer, principal executive officer and principal operating officer of the Company, effective March 25, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven Cakebread departed as Chief Financial Officer at Yext, Inc..

Action: stepped down
Role: Chief Financial Officer

Exact text from the filing

On March 7, 2022, Steven Cakebread notified the Board of his intention to step down from his position as Chief Financial Officer of the Company effective March 25, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard Lerman departed as Chief Executive Officer at Yext, Inc..

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

On March 7, 2022, Howard Lerman notified the Company’s board of directors (the “Board”) of his intention to step down from his position as Chief Executive Officer of the Company effective March 25, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Walrath was appointed as Chief Executive Officer at Yext, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board has appointed Michael Walrath, the Chairman of the Board, to succeed Mr. Lerman as Chief Executive Officer, principal executive officer and principal operating officer of the Company, effective March 25, 2022.

View on SEC.gov

Yext, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-031554

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