secwatch.observer — SEC 8-K summary
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Issuer:     Yext, Inc. (YEXT)
CIK:        0001614178
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0001104659-23-030196
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Brian Distelburger resigns as Yext employee, stays on board; equity continues vesting
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- Brian Distelburger resigned as employee effective March 8, 2023; remains as non-employee director.
- Equity awards continue vesting until June 20, 2025, provided he stays a service provider.
- He will receive 12 months of COBRA premium payments.
- Waives participation in Outside Director Compensation Policy until fiscal 2026.
- Vested options' post-termination exercise period starts only when board service ends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1614178/000110465923030196/0001104659-23-030196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1614178/000110465923030196/tm238728d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-030196

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