secwatch.observer — SEC 8-K summary
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Issuer:     Cerence Inc. (CRNC)
CIK:        0001768267
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001193125-24-056964
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerence appoints Daniel Tempesta as CFO, effective March 18, 2024
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- Tempesta, former Nuance CFO, will receive $500k base salary, 75% target bonus, and $6M in equity awards ($3M initial + $3M sign-on RSUs).
- Outgoing CFO Thomas Beaudoin resigns as officer but remains on Cerence's Board of Directors; will support transition through April 30, 2024.
- Board approved 2024 Inducement Plan reserving 600,000 shares for equity grants to new hires.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768267/000119312524056964/0001193125-24-056964-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768267/000119312524056964/d803481d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-056964

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