---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-000522"
form_type: "8-K"
ticker: "OSPN"
cik: "0001044777"
company_name: "OneSpan Inc."
filed_at: "2024-01-05T23:59:59+00:00"
generated_at: "2026-06-07T02:52:48.321066+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# OneSpan names Victor Limongelli interim CEO; raises FY2023 guidance

## Summary
- CEO Matthew Moynahan terminated without cause effective Jan 4, 2024; replaced by interim CEO Victor Limongelli.
- Limongelli receives $75k/month base salary for up to 6 months; discretionary cash bonus of $300k-$1.5M; no equity grants.
- FY2023 revenue expected at high end of $228M-$232M range; ARR guidance $148M-$152M reaffirmed.
- FY2023 adjusted EBITDA to achieve/exceed high end of $2M-$4M range; FY2024 revenue target low-to-mid single-digit growth.
- FY2024 adjusted EBITDA margin target 20%-23%; aspirational goal of 30% Rule of 40 by end of 2024.

## SEC filing metadata
- accession: 0001628280-24-000522
- form_type: 8-K
- ticker: OSPN
- cik: 0001044777
- company_name: OneSpan Inc.
- filed_at: 2024-01-05T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1044777/000162828024000522/0001628280-24-000522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1044777/000162828024000522/ospn-20240104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-000522
- JSON: https://secwatch.observer/filing/0001628280-24-000522.json
- Plain text: https://secwatch.observer/filing/0001628280-24-000522.txt

## Key facts
- Executive change
  Victor Limongelli was appointed as Interim Chief Executive Officer at OneSpan Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: On January 4, 2024, the Board of Directors (the “Board”) of OneSpan Inc. (the “Company”, “OneSpan”, “we”, or “our”) appointed Victor Limongelli as Interim Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828024000522/0001628280-24-000522-index.htm
- Executive change
  Matthew Moynahan departed as President and Chief Executive Officer at OneSpan Inc..
  - Action: terminated without cause
  - Role: President and Chief Executive Officer
  source text: Mr. Limongelli replaces Matthew Moynahan, whose employment as the Company’s President and Chief Executive Officer was terminated without cause on January 4, 2024 immediately prior to Mr. Limongelli’s appointment.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1044777/000162828024000522/0001628280-24-000522-index.htm

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