---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-037047"
form_type: "8-K"
ticker: "BSY"
cik: "0001031308"
company_name: "BENTLEY SYSTEMS INC"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:29:49.513445+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bentley Systems CEO Greg Bentley transitions to Exec Chair; COO Cumins to be CEO from July 1; $200M buyback

## Summary
- Greg Bentley will step down as CEO effective July 1, 2024, becoming Executive Chair; COO Nicholas Cumins promoted to CEO and proposed for Board.
- Board authorizes additional $200M stock repurchase program for BSY Class B common and convertible notes through June 30, 2026.
- Thomas Trimback appointed Chief Accounting Officer, replacing Werner Andre; Trimback was VP Global Controller since Jan 2023.
- Cumins joined Bentley as CPO in Sep 2020 prior to IPO; became COO Jan 2022 and leads global business operations.

## SEC filing metadata
- accession: 0001104659-24-037047
- form_type: 8-K
- ticker: BSY
- cik: 0001031308
- company_name: BENTLEY SYSTEMS INC
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031308/000110465924037047/0001104659-24-037047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031308/000110465924037047/tm249335d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-037047
- JSON: https://secwatch.observer/filing/0001104659-24-037047.json
- Plain text: https://secwatch.observer/filing/0001104659-24-037047.txt

## Key facts
- Executive change
  Nicholas H. Cumins was appointed as Chief Executive Officer at BENTLEY SYSTEMS INC.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Upon the effectiveness of Mr. Bentley’s transition, the Board will appoint Nicholas H. Cumins, the Company’s Chief Operating Officer, as Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031308/000110465924037047/0001104659-24-037047-index.htm
- Executive change
  Thomas F. Trimback was appointed as Chief Accounting Officer at BENTLEY SYSTEMS INC.
  - Action: appointed
  - Role: Chief Accounting Officer
  source text: Thomas F. Trimback was appointed the Company’s Chief Accounting Officer, taking over the role from Werner Andre, who will remain the Company’s Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031308/000110465924037047/0001104659-24-037047-index.htm
- Executive change
  Gregory S. Bentley changed role as Executive Chair at BENTLEY SYSTEMS INC.
  - Action: transition
  - Role: Executive Chair
  source text: effective July 1, 2024, he will transition from the Company’s Chief Executive Officer to become Executive Chair of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031308/000110465924037047/0001104659-24-037047-index.htm

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