---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-174406"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:48:25.526611+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cerence CTO Iqbal Arshad resigns; CPO Nils Schanz takes expanded role; Q3 guidance reaffirmed

## Summary
- CTO Iqbal Arshad resigns effective July 5, 2024; CPO Nils Schanz assumes CTO responsibilities.
- Schanz will lead global technology, engineering, and product development organization.
- Company reaffirms Q3 FY2024 revenue guidance of $66M-$72M, GAAP net income ($4M)-$2M, adjusted EBITDA $4.5M-$10.5M.
- Schanz previously led development of Mercedes-Benz MBUX system and joined Cerence in Oct 2022.

## SEC filing metadata
- accession: 0001193125-24-174406
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2024-07-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312524174406/0001193125-24-174406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312524174406/d860175d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-174406
- JSON: https://secwatch.observer/filing/0001193125-24-174406.json
- Plain text: https://secwatch.observer/filing/0001193125-24-174406.txt

## Key facts
- Executive change
  Iqbal Arshad departed as Chief Technology Officer at Cerence Inc..
  - Action: resigned as Chief Technology Officer
  - Role: Chief Technology Officer
  source text: Iqbal Arshad notified the Company of his decision to resign as Chief Technology Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312524174406/0001193125-24-174406-index.htm
- Executive change
  Nils Schanz changed role as Chief Technology Officer at Cerence Inc..
  - Action: assumed additional responsibilities as Chief Technology Officer
  - Role: Chief Technology Officer
  source text: Nils Schanz, Chief Product Officer of the Company, will assume the responsibilities of Chief Technology Officer following the departure of Mr. Arshad, effective July 5, 2024. In this expanded role, Mr. Schanz will lead the Company’s global technology, engineering, and product development organization.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312524174406/0001193125-24-174406-index.htm

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