{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-006894","form_type":"8-K","ticker":"CRNC","cik":"0001768267","company_name":"Cerence Inc.","filed_at":"2023-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.467407+00:00","generated_at":"2026-06-20T16:05:41.979150+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Cerence enters change of control severance agreement with CTO Prateek Kathpal","bullets":["Agreement has three-year initial term, automatically renews unless either party gives 90 days notice.","Without cause termination outside change of control: 100% base salary over 12 months, target bonus + pro-rata, equity vesting for 12 months, 12 months COBRA.","Within one year after change of control: lump sum 150% base salary, 150% target bonus + pro-rata, full equity acceleration, 18 months COBRA.","Death or disability triggers full time-based equity vesting and pro-rata performance-based awards.","Severance contingent on signing a release and complying with confidentiality and non-competition/non-solicitation covenants."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-006894","json":"https://secwatch.observer/filing/0001193125-23-006894.json","markdown":"https://secwatch.observer/filing/0001193125-23-006894.md","text":"https://secwatch.observer/filing/0001193125-23-006894.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1768267/000119312523006894/0001193125-23-006894-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1768267/000119312523006894/d396079d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:05:41.979150+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}