---
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"
generated_at: "2026-06-27T00:47:09.529897+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-031554
- JSON: https://secwatch.observer/filing/0001104659-22-031554.json
- Plain text: https://secwatch.observer/filing/0001104659-22-031554.txt

## Key facts
- Executive change
  Steven Cakebread departed as Chief Financial Officer at Yext, Inc..
  - Action: stepped down
  - Role: Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm
- Executive change
  Howard Lerman departed as Chief Executive Officer at Yext, Inc..
  - Action: stepped down
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm
- Executive change
  Michael Walrath was appointed as Chief Executive Officer at Yext, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm

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