---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-075466"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2022-03-15T23:59:59+00:00"
generated_at: "2026-06-26T22:52:24.424088+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-075466
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2022-03-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312522075466/0001193125-22-075466-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312522075466/d285364d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-075466
- JSON: https://secwatch.observer/filing/0001193125-22-075466.json
- Plain text: https://secwatch.observer/filing/0001193125-22-075466.txt

## Key facts
- Executive change
  Mark Gallenberger retired as Chief Financial Officer at Cerence Inc..
  - Action: retired
  - Role: Chief Financial Officer
  source text: Mr. Montagner will succeed Mark Gallenberger who retired from the Company effective March 11, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312522075466/0001193125-22-075466-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312522075466/0001193125-22-075466-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.