Cerence appoints Marc Montagner as CFO, effective April 4, 2022

Cerence Inc.

Marc Montagner named EVP and CFO, replacing Mark Gallenberger who retired March 11.
Montagner previously CFO of Endurance International Group and LightSquared.
Base salary $450,000; STI target 75% of base; initial equity award target $4.3M.
Severance agreement includes change-of-control provisions with up to 150% salary and equity acceleration.
Montagner also eligible for annual LTI award of $2.75M in November 2022.

item 5.02

Executive movements

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Departed

Mark Gallenberger

Chief Financial Officer

CRNC · Cerence Inc.

Effective: 2022-03-11
Successor: Marc Montagner
Filed: March 15, 2022, 7:59 PM ET

Mr. Montagner will succeed Mark Gallenberger who retired from the Company effective March 11, 2022.

Appointed

Marc Montagner

Executive Vice President and Chief Financial Officer

CRNC · Cerence Inc.

Effective: 2022-04-04
Filed: March 15, 2022, 7:59 PM ET

On March 13, 2022, the Board of Directors of Cerence Inc. (the “Company”) appointed Marc Montagner as Executive Vice President and Chief Financial Officer of the Company, effective April 4, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Gallenberger retired as Chief Financial Officer at Cerence Inc..

Action: retired
Role: Chief Financial Officer

Exact text from the filing

Mr. Montagner will succeed Mark Gallenberger who retired from the Company effective March 11, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Montagner was appointed as Executive Vice President and Chief Financial Officer at Cerence Inc..

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On March 13, 2022, the Board of Directors of Cerence Inc. (the “Company”) appointed Marc Montagner as Executive Vice President and Chief Financial Officer of the Company, effective April 4, 2022.

View on SEC.gov

Cerence Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-075466

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