8-K filed May 1, 2025, 7:59 PM ET CIK 0001392972

leadership confidence high sentiment positive materiality 0.85

PROS appoints Jeff Cotten as CEO effective June 2; Q1 subscription revenue up 10% YoY

PROS Holdings, Inc.

Jeff Cotten named President & CEO, effective June 2, 2025, succeeding Andres Reiner who retires and will serve as senior advisor.
Q1 subscription revenue of $70.8M (+10% YoY); total revenue $86.3M (+7% YoY), both above guidance high-end.
GAAP operating loss narrowed to $(3.8)M from $(10.3)M; non-GAAP EPS $0.13 vs $0.04 YoY; adjusted EBITDA $8.7M (+90% YoY).
FY 2025 guidance: subscription revenue $294-296M (+11%), subscription ARR $308-311M (+10%), free cash flow $40-44M (+61% YoY).
Free cash flow improved to $1.1M in Q1 from $(4.9)M a year ago; subscription gross margin improved 160 bps to 79% (GAAP).

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jeffrey (Jeff) B. Cotten

President and Chief Executive Officer

PROS Holdings, Inc.

Effective: 2025-06-02
Filed: May 1, 2025, 7:59 PM ET

announcing the hiring of Mr. Jeffrey (Jeff) B. Cotten as President and Chief Executive Officer, effective June 2, 2025.

Departed

Andres Reiner

Director

PROS Holdings, Inc.

Effective: 2025-06-02
Filed: May 1, 2025, 7:59 PM ET

Mr. Reiner also expects to resign from the Company's Board of Directors on such date.

Appointed

Jeffrey (Jeff) B. Cotten

Director

PROS Holdings, Inc.

Effective: 2025-06-02
Filed: May 1, 2025, 7:59 PM ET

Upon commencing employment and taking office as President and Chief Executive Officer, Mr. Cotten will join the Company's Board of Directors as a Class III director with an initial term expiring at the 2028 annual meeting of stockholders.

Departed

Andres Reiner

President and Chief Executive Officer

PROS Holdings, Inc.

Effective: 2025-06-02
Successor: Jeffrey (Jeff) B. Cotten
Filed: May 1, 2025, 7:59 PM ET

the Company's current President and Chief Executive Officer, Andres Reiner, will be retiring from such offices effective as of Mr. Cotten's start date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey (Jeff) B. Cotten was appointed as President and Chief Executive Officer at PROS Holdings, Inc..

Action: hired
Role: President and Chief Executive Officer

Exact text from the filing

announcing the hiring of Mr. Jeffrey (Jeff) B. Cotten as President and Chief Executive Officer, effective June 2, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andres Reiner resigned as Director at PROS Holdings, Inc..

Action: resigned
Role: Director

Exact text from the filing

Mr. Reiner also expects to resign from the Company's Board of Directors on such date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey (Jeff) B. Cotten was appointed as Director at PROS Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

Upon commencing employment and taking office as President and Chief Executive Officer, Mr. Cotten will join the Company's Board of Directors as a Class III director with an initial term expiring at the 2028 annual meeting of stockholders.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andres Reiner departed as President and Chief Executive Officer at PROS Holdings, Inc..

Action: retiring
Role: President and Chief Executive Officer

Exact text from the filing

the Company's current President and Chief Executive Officer, Andres Reiner, will be retiring from such offices effective as of Mr. Cotten's start date.

View on SEC.gov

Source: SEC EDGAR

accession 0001392972-25-000075

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