{"schema_version":"secwatch.filing_event.v1","accession":"0001392972-25-000075","form_type":"8-K","ticker":null,"cik":"0001392972","company_name":"PROS Holdings, Inc.","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.145931+00:00","generated_at":"2026-05-23T00:05:47.345376+00:00","sec_items":["2.02","5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"PROS appoints Jeff Cotten as CEO effective June 2; Q1 subscription revenue up 10% YoY","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001392972-25-000075","json":"https://secwatch.observer/filing/0001392972-25-000075.json","markdown":"https://secwatch.observer/filing/0001392972-25-000075.md","text":"https://secwatch.observer/filing/0001392972-25-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/0001392972-25-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/pro-20250428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T00:05:47.345376+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ccc7dc389","claim":"Jeffrey (Jeff) B. Cotten was appointed as President and Chief Executive Officer at PROS Holdings, Inc..","evidence_excerpt":"announcing the hiring of Mr. Jeffrey (Jeff) B. Cotten as President and Chief Executive Officer, effective June 2, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/0001392972-25-000075-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"hired"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"9a4171514e","claim":"Andres Reiner resigned as Director at PROS Holdings, Inc..","evidence_excerpt":"Mr. Reiner also expects to resign from the Company's Board of Directors on such date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/0001392972-25-000075-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"bf833d6dbc","claim":"Jeffrey (Jeff) B. Cotten was appointed as Director at PROS Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/0001392972-25-000075-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c75e40f905","claim":"Andres Reiner departed as President and Chief Executive Officer at PROS Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1392972/000139297225000075/0001392972-25-000075-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retiring"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}