---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-021174"
form_type: "8-K"
ticker: "PTC"
cik: "0000857005"
company_name: "PTC INC."
filed_at: "2022-05-24T23:59:59+00:00"
generated_at: "2026-06-25T07:53:45.982393+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# PTC appoints Michael DiTullio President of Digital Thread; Troy Richardson to depart after transition

## Summary
- Michael DiTullio assumed role of President, Digital Thread Business on May 23, 2022.
- Troy Richardson, who led Digital Thread for past year, is leaving after an undetermined transition period.
- Richardson eligible for cash severance and benefits under Nov 2020 Executive Agreement, subject to release.

## SEC filing metadata
- accession: 0001564590-22-021174
- form_type: 8-K
- ticker: PTC
- cik: 0000857005
- company_name: PTC INC.
- filed_at: 2022-05-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/857005/000156459022021174/0001564590-22-021174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/857005/000156459022021174/ptc-8k_20220518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-021174
- JSON: https://secwatch.observer/filing/0001564590-22-021174.json
- Plain text: https://secwatch.observer/filing/0001564590-22-021174.txt

## Key facts
- Executive change
  Troy Richardson changed role as other_named_officer at PTC INC..
  - Action: will be leaving the Company after a transition period
  source text: On May 18, 2022, it was agreed that Troy Richardson, who led the Company’s Digital Thread Business for the past year, will be leaving the Company after a transition period, the term of which has not been determined.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000156459022021174/0001564590-22-021174-index.htm
- Executive change
  Michael DiTullio changed role as President of the Digital Thread Business at PTC INC..
  - Action: assumed the role of
  - Role: President of the Digital Thread Business
  source text: On May 23, 2022, Michael DiTullio, previously President, Velocity Business at PTC Inc. (the “Company”), assumed the role of President of the Company’s Digital Thread Business.
  evidence_url: https://www.sec.gov/Archives/edgar/data/857005/000156459022021174/0001564590-22-021174-index.htm

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