secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001104659-22-031554
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/0001104659-22-031554-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000110465922031554/tm228563d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-031554

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