secwatch.observer — SEC 8-K summary
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Issuer:     Cerence Inc. (CRNC)
CIK:        0001768267
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001193125-23-158446
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerence appoints former Ford executive Marcy Klevorn to board of directors
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- Board expanded from 8 to 9 directors; Klevorn appointed effective June 1, 2023.
- Initial equity award target value ~$135,000; annual cash retainer $100,000.
- Klevorn spent 35 years at Ford, including global CIO and President of Ford Mobility.
- Also serves on boards of Northern Trust and Humana.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768267/000119312523158446/0001193125-23-158446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768267/000119312523158446/d689060d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-158446

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer