---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-199982"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T20:00:31.056637+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Director Blake Moret resigns from PTC board after Rockwell ownership falls below 5%

## Summary
- Blake Moret resigned effective Aug. 1, 2023, triggered by Rockwell's ownership dropping below 5% of PTC shares.
- Resignation follows terms of 2018 Share Purchase Agreement between PTC and Rockwell Automation.
- No successor named; board will continue without Rockwell's designated seat.

## SEC filing metadata
- accession: 0001193125-23-199982
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000119312523199982/0001193125-23-199982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000119312523199982/d511690d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-199982
- JSON: https://secwatch.observer/filing/0001193125-23-199982.json
- Plain text: https://secwatch.observer/filing/0001193125-23-199982.txt

## Key facts
- Executive change
  Blake Moret resigned as director at PTC INC..
  - Action: resigned
  - Role: director
  source text: On August 1, 2023, PTC’s Board of Directors accepted the resignation of director Blake Moret, which resignation was submitted pursuant to the terms of the Share Purchase Agreement between PTC Inc. and Rockwell Automation Inc. dated as of June 11, 2018, as amended on May 11, 2021, after Rockwell’s ownership of PTC shares fell below 5% of PTC’s outstanding shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000119312523199982/0001193125-23-199982-index.htm

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