---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-181555"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:21:16.591893+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Cerence enters new change of control equity acceleration and severance agreements with CEO Stefan Ortmanns

## Summary
- US CoC agreement provides accelerated equity vesting: 18-month time-based vesting upon termination without cause; 100% acceleration within change of control period.
- GmbH CoC agreement provides cash severance: 150% base salary + bonus outside change of control; 200% inside change of control period.
- Both agreements effective June 19/21, 2022, replace prior December 2019 agreements.
- Initial three-year term with automatic one-year renewals; extends to one-year anniversary after a change of control.

## SEC filing metadata
- accession: 0001193125-22-181555
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312522181555/0001193125-22-181555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312522181555/d362210d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-181555
- JSON: https://secwatch.observer/filing/0001193125-22-181555.json
- Plain text: https://secwatch.observer/filing/0001193125-22-181555.txt

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