{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-101040","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2025-10-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.525878+00:00","generated_at":"2026-05-17T03:03:57.262919+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Vertex announces CEO succession: Christopher Young to replace David DeStefano; Q3 2025 preliminary revenue ~$192M","bullets":["David DeStefano retires as CEO/President effective Nov 10, 2025; will continue as non-executive Chairperson.","Christopher Young, former Microsoft EVP and McAfee CEO, appointed CEO/President and director effective Nov 10, 2025.","Young receives $700K base salary, $25M RSU grant, $500K signing bonus; target bonus 100% of base for FY2026.","Preliminary Q3 2025 revenue ~$192M (up ~12.7% YoY from $170.4M); Adj. EBITDA ~$43M (up ~11.4% from $38.6M).","Vertex surpassed $600M annual recurring revenue in 2024; cites strong foundation and growth runway."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-101040","json":"https://secwatch.observer/filing/0001104659-25-101040.json","markdown":"https://secwatch.observer/filing/0001104659-25-101040.md","text":"https://secwatch.observer/filing/0001104659-25-101040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000110465925101040/0001104659-25-101040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000110465925101040/tm2529072d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T03:03:57.262919+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}