secwatch.observer — SEC 8-K summary
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Issuer:     Cerence Inc. (CRNC)
CIK:        0001768267
Form:       8-K
Filed at:   2024-12-03T23:59:59+00:00
Accession:  0001193125-24-269993
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cerence AI appoints Tony Rodriquez as permanent CFO with $475K salary and equity awards
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- Tony Rodriquez named EVP, CFO effective Nov 29, 2024; had served as interim CFO since June 2024.
- Annual base salary $475K; target bonus 75% of salary; initial equity of 626,566 RSUs (half time-based, half performance-based).
- Board adopted Amendment No.2 to 2024 Inducement Plan, increasing authorized shares from 3M to 4.5M for inducement grants.
- Rodriquez entered into a change of control and severance agreement with severance multiples and equity acceleration triggers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1768267/000119312524269993/0001193125-24-269993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1768267/000119312524269993/d916053d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-269993

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