---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-108711"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:31:37.606264+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-108711
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312523108711/0001193125-23-108711-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312523108711/d420425d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-108711
- JSON: https://secwatch.observer/filing/0001193125-23-108711.json
- Plain text: https://secwatch.observer/filing/0001193125-23-108711.txt

## Key facts
- Executive change
  Prateek Kathpal resigned as Chief Technology Officer at Cerence Inc..
  - Action: resigned
  - Role: Chief Technology Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312523108711/0001193125-23-108711-index.htm

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