{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-031554","form_type":"8-K","ticker":"YEXT","cik":"0001614178","company_name":"Yext, Inc.","filed_at":"2022-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:04:07.380261+00:00","generated_at":"2026-06-27T00:47:09.529897+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Yext appoints Michael Walrath as CEO and Darryl Bond as CFO; Lerman and Cakebread step down","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-031554","json":"https://secwatch.observer/filing/0001104659-22-031554.json","markdown":"https://secwatch.observer/filing/0001104659-22-031554.md","text":"https://secwatch.observer/filing/0001104659-22-031554.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/tm228563d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T00:47:09.529897+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4ab0f40146","claim":"Steven Cakebread departed as Chief Financial Officer at Yext, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"7997fb4db5","claim":"Howard Lerman departed as Chief Executive Officer at Yext, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"stepped down"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"e1935cb3f0","claim":"Michael Walrath was appointed as Chief Executive Officer at Yext, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}