---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-010196"
form_type: "8-K"
ticker: "OSPN"
cik: "0001044777"
company_name: "OneSpan Inc."
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:18:04.862699+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# OneSpan Q2 revenue down 5%; CEO departs; full-year guidance slashed

## Summary
- Q2 revenue $52.3M (-5% YoY); GAAP net loss $6.7M vs loss $2.0M a year ago.
- Recurring revenue grew 24% to $28.8M; ARR up 24% to $111.7M.
- Full-year 2021 guidance lowered: revenue $205-215M (from $215-225M); Adj. EBITDA loss $12-15M (from breakeven).
- CEO Scott Clements left Aug 2; Steven Worth named interim CEO (formerly GC/Interim CFO).
- John Bosshart appointed interim CFO; Chair Al Nietzel replaces John Fox Jr., who retired from board.

## SEC filing metadata
- accession: 0001558370-21-010196
- form_type: 8-K
- ticker: OSPN
- cik: 0001044777
- company_name: OneSpan Inc.
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/0001558370-21-010196-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/ospn-20210729x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-010196
- JSON: https://secwatch.observer/filing/0001558370-21-010196.json
- Plain text: https://secwatch.observer/filing/0001558370-21-010196.txt

## Key facts
- Executive change
  John N. Fox, Jr. resigned as Director at OneSpan Inc..
  - Action: resigned
  - Role: Director
  source text: On July 29, 2021, Mr. Fox notified the Board that he will resign from the Board effective August 4, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/0001558370-21-010196-index.htm
- Executive change
  John W. Bosshart was appointed as Interim Chief Financial Officer and Treasurer at OneSpan Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer and Treasurer
  source text: the Company announced the appointment of John W. Bosshart as Interim Chief Financial Officer and Treasurer, effective August 2, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/0001558370-21-010196-index.htm
- Executive change
  Scott M. Clements departed as President and Chief Executive Officer at OneSpan Inc..
  - Action: left
  - Role: President and Chief Executive Officer
  source text: Scott M. Clements, the Company’s President and Chief Executive Officer and a director, left the Company (including the Board) effective August 2, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/0001558370-21-010196-index.htm
- Executive change
  Steven R. Worth was appointed as Interim President and Chief Executive Officer at OneSpan Inc..
  - Action: appointed
  - Role: Interim President and Chief Executive Officer
  source text: On August 4, 2021, the Company announced the appointment of Steven R. Worth as Interim President and Chief Executive Officer, effective August 2, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000155837021010196/0001558370-21-010196-index.htm

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