home · filing · 0001193125-21-357483
8-K filed December 15, 2021, 6:59 PM ET
ticker CRNC
CIK 0001768267
leadership
confidence high
sentiment neutral
materiality 0.60
Cerence appoints Stefan Ortmanns as CEO, succeeding Sanjay Dhawan
Cerence Inc.
Stefan Ortmanns appointed CEO and director, effective immediately; Sanjay Dhawan resigned.
Ortmanns previously EVP Core Products, responsible for >80% of company revenue.
Base salary EUR 530,000; target LTI award $5M; sign-on bonus EUR 200,000.
Dhawan provides transition assistance; confidentiality and release agreement.
Company expects Q1 fiscal 2022 results within prior guidance range.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2021-12-15
Successor Stefan Ortmanns
Filed December 15, 2021, 6:59 PM ET
Sanjay Dhawan, who resigned as President and Chief Executive Officer and director of the Company on December 14, 2021, effective December 15, 2021.
Effective 2021-12-15
Filed December 15, 2021, 6:59 PM ET
unanimously appointed Stefan Ortmanns as President and Chief Executive Officer
Appointed
Stefan Ortmanns
Class III director
Effective 2021-12-14
Filed December 15, 2021, 6:59 PM ET
the Board elected Dr. Ortmanns as a Class III director
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sanjay Dhawan resigned as President and Chief Executive Officer and director at Cerence Inc..
Action resigned
Role President and Chief Executive Officer and director
Exact text from the filing
Sanjay Dhawan, who resigned as President and Chief Executive Officer and director of the Company on December 14, 2021, effective December 15, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stefan Ortmanns was appointed as President and Chief Executive Officer at Cerence Inc..
Action appointed
Role President and Chief Executive Officer
Exact text from the filing
unanimously appointed Stefan Ortmanns as President and Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stefan Ortmanns was elected as Class III director at Cerence Inc..
Action elected
Role Class III director
Exact text from the filing
the Board elected Dr. Ortmanns as a Class III director
View on SEC.gov
Source: SEC EDGAR
accession 0001193125-21-357483
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