secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001104659-25-101040
Event type: leadership
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex announces CEO succession: Christopher Young to replace David DeStefano; Q3 2025 preliminary revenue ~$192M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000110465925101040/0001104659-25-101040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000110465925101040/tm2529072d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-101040

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