---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-233891"
form_type: "8-K"
ticker: "CRNC"
cik: "0001768267"
company_name: "Cerence Inc."
filed_at: "2024-10-07T23:59:59+00:00"
generated_at: "2026-05-30T19:22:35.897437+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cerence appoints Brian Krzanich as CEO, reaffirms Q4 FY2024 guidance

## Summary
- Brian Krzanich appointed President and CEO effective Oct 7, 2024; succeeds Stefan Ortmanns.
- Krzanich previously CEO of CDK Global and Intel; led CDK's $8.3B take-private exit in 2022.
- Reaffirmed Q4 FY2024 guidance: revenue $44-50M, GAAP net loss ($32M)-($28M), adjusted EBITDA ($19M)-($13M).
- Krzanich receives $600K base salary, target bonus 100%, and $6M initial equity award (50% time-based RSUs, 50% performance-based).
- Board adopted Amendment No.1 to 2024 Inducement Plan, increasing authorized shares from 600K to 3M.

## SEC filing metadata
- accession: 0001193125-24-233891
- form_type: 8-K
- ticker: CRNC
- cik: 0001768267
- company_name: Cerence Inc.
- filed_at: 2024-10-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1768267/000119312524233891/0001193125-24-233891-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1768267/000119312524233891/d869370d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-233891
- JSON: https://secwatch.observer/filing/0001193125-24-233891.json
- Plain text: https://secwatch.observer/filing/0001193125-24-233891.txt

## Key facts
- Executive change
  Brian Krzanich was appointed as President and Chief Executive Officer at Cerence Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On October 6, 2024, the Board of Directors (the “Board”) of the Company appointed Brian Krzanich as President and Chief Executive Officer (and “principal executive officer”) of the Company, effective October 7, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1768267/000119312524233891/0001193125-24-233891-index.htm

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