Cerence CTO Prateek Kathpal resigns, enters transition agreement through Nov 2023

Cerence Inc.

CTO Prateek Kathpal resigned effective May 8, 2023 to pursue another opportunity.
Transition agreement from May 9 to Nov 30, 2023; advisory fees up to $250K based on metrics.
44,857 time-based RSUs vesting Oct 1, 2023 may continue if he remains and meets metrics; other equity forfeited.
Reaffirmed confidentiality obligations and release of claims.

item 5.02

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Departed

Prateek Kathpal

Chief Technology Officer

CRNC · Cerence Inc.

Effective: 2023-05-08
Filed: April 21, 2023, 7:59 PM ET

Prateek Kathpal notified the Company of his decision to resign as Chief Technology Officer of the Company, effective as of May 8, 2023, in order to pursue another opportunity.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Prateek Kathpal resigned as Chief Technology Officer at Cerence Inc..

Action: resigned
Role: Chief Technology Officer

Exact text from the filing

Prateek Kathpal notified the Company of his decision to resign as Chief Technology Officer of the Company, effective as of May 8, 2023, in order to pursue another opportunity.

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Cerence Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-108711

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