secwatch.observer — SEC 8-K summary
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Issuer:     BENTLEY SYSTEMS INC (BSY)
CIK:        0001031308
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001104659-25-002871
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bentley Systems appoints James Lee as COO; CPO Mike Campbell departs
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- James Lee appointed COO effective Jan 13, 2025; joins from Google Cloud where he was GM for startups and AI.
- Lee receives $400k base salary, $400k OTI target, and $7.5M one-time RSU grant (vesting over ~5 years).
- Chief Product Officer Mike Campbell departs Jan 21; $1.5M cash severance plus Q4 2024 OTI and potential PSU vesting.
- Product development consolidated under CTO Julien Moutte; CPO role eliminated.
- Lee will oversee China, Japan, and portfolio development including Bentley Asset Analytics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031308/000110465925002871/0001104659-25-002871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031308/000110465925002871/tm252935d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-002871

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