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BENTLEY SYSTEMS INC — fact timeline

Source-grounded facts extracted from BENTLEY SYSTEMS INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

BSY BENTLEY SYSTEMS INC JSON
Shareholder Votes

BENTLEY SYSTEMS INC shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2026-05-21 meeting.

“Proposal No. 3 — Ratification of Independent Registered Public Accounting Firm Votes For Votes Against Abstentions Proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2026. 557,377,789 7,093,035 523,511”
Shareholder Votes

BENTLEY SYSTEMS INC shareholders approved Advisory (Non-Binding) Vote to Approve the Compensation of the Company's Named Executive Officers at the 2026-05-21 meeting.

“Proposal No. 2 — Advisory (Non-Binding) Vote to Approve the Compensation of the Company’s Named Executive Officers Broker Votes For Votes Against Abstentions (1) Non-Votes (1) Proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as described in the proxy statement. 532,030,070 18,740,829 1,565,060 12,658,376”
Shareholder Votes

BENTLEY SYSTEMS INC shareholders approved Election of Directors at the 2026-05-21 meeting.

“Proposal No. 1 — Election of Directors Votes For Votes Withheld Broker Non-Votes Gregory S. Bentley 509,993,099 42,342,860 12,658,376 Keith A. Bentley 510,461,626 41,874,333 12,658,376 Barry J. Bentley, Ph.D. 510,455,853 41,880,106 12,658,376 Raymond B. Bentley 511,130,312 41,205,647 12,658,376 Nicholas H. Cumins 514,633,583 37,702,376 12,658,376 Kirk B. Griswold 485,907,476 66,428,483 12,658,376 Janet B. Haugen 503,167,359 49,168,600 12,658,376 Brian F. Hughes 511,868,275 40,467,684 12,658,376”
Earnings Releases

BENTLEY SYSTEMS INC reported three months ended March 31, 2026 results: revenue $424.2 million, EPS $0.30.

“First Quarter 2026 Results • Total revenues were $424.2 million, up 14.5% or 11.9% on a constant currency basis, year-over-year; • Subscriptions revenues were $392.5 million, up 14.7% or 12.2% on a constant currency basis, year-over-year; • Annualized Recurring Revenues (“ARR”) were $1,494.5 million as of March 31, 2026, compared to $1,319.3 million as of March 31, 2025; Constant currency ARR growth rate was 11.5%; • Last twelve-month recurring revenues dollar-based net retention rate was 109%, compared to 110% for the same period last year; • Operating income margin was 29.8%, compared to 31.1% for the same period last year; • Adjusted operating income less operating stock-based compensation expense (“AOI less Operating SBC”) margin was 33.2%, compared to 34.6% for the same period last year; • Net income per diluted share was $0.30, compared to $0.28 for the same period last year; • Adj”
Material Agreements

BENTLEY SYSTEMS INC amended First Amendment and Incremental Facility Agreement with PNC Bank, National Association, as administrative agent valued at $550 million senior secured term loan maturing October 18, 2029, with interest at Alternate Base Rat (effective 2026-04-23).

“On April 23, 2026, Bentley Systems, Incorporated (the “ Company ”) entered into a First Amendment and Incremental Facility Agreement, dated as of April 23, 2026 (the “ First Amendment ”), by and among the Company, the subsidiary loan parties thereto, the lenders party thereto and PNC Bank, National Association, as administrative agent, which amends that certain Second Amended and Restated Credit Agreement, dated as of October 18, 2024 (the “ Credit Agreement ”), by and among the Company, the lenders party thereto and PNC Bank, National Association, as administrative agent.”

James Lee was appointed as Chief Operating Officer at BENTLEY SYSTEMS INC.

“Effective January 13, 2025, James Lee was appointed the Chief Operating Officer of Bentley Systems, Incorporated”

Nicholas H. Cumins was appointed as director at BENTLEY SYSTEMS INC.

“appointed Nicholas H. Cumins, the Company’s Chief Executive Officer, as a director of the Company in addition to his current role.”
Earnings Releases

BENTLEY SYSTEMS INC reported first quarter ended March 31, 2024 results: revenue $337.8 million, EPS $0.22.

“BSY), the infrastructure engineering software company, today announced results for its first quarter ended March 31, 2024. First Quarter 2024 Results • Total revenues were $337.8 million, up 7.4% or 7.2% on a constant currency basis, year-over-year; • Subscriptions revenues were $307.1 million, up 10.5% or 10.3% on a constant currency basis, year-over-year; •”

Thomas F. Trimback was appointed as Chief Accounting Officer at BENTLEY SYSTEMS INC.

“Thomas F. Trimback was appointed the Company’s Chief Accounting Officer, taking over the role from Werner Andre, who will remain the Company’s Chief Financial Officer.”

Nicholas H. Cumins was appointed as Chief Executive Officer at BENTLEY SYSTEMS INC.

“Upon the effectiveness of Mr. Bentley’s transition, the Board will appoint Nicholas H. Cumins, the Company’s Chief Operating Officer, as Chief Executive Officer.”

Gregory S. Bentley changed role as Executive Chair at BENTLEY SYSTEMS INC.

“effective July 1, 2024, he will transition from the Company’s Chief Executive Officer to become Executive Chair of the Board.”
Earnings Releases

BENTLEY SYSTEMS INC updated its the three months and year ended December 31, 2023 guidance (reaffirmed).

“On February 27, 2024 , Bentley Systems, Incorporated (the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2023.”
Earnings Releases

BENTLEY SYSTEMS INC reported financial results for third quarter and nine months ended September 30, 2023.

“On November 7, 2023, Bentley Systems, Incorporated (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023.”
Material Agreements

BENTLEY SYSTEMS INC amended Sixth Amendment to Amended and Restated Credit Agreement with PNC Bank, National Association, as administrative agent, and the lenders party thereto (effective 2023-06-23).

“On June 21, 2023, Bentley Systems, Incorporated (the “ Company ”) entered into a Sixth Amendment to Amended and Restated Credit Agreement by and among the Company, certain of its subsidiaries, PNC Bank, National Association, as administrative agent, and the lenders party thereto (“ Sixth Amendment ”) in connection with the Amended and Restated Credit Agreement, dated as of December 19, 2017, by and among the Company, PNC Bank, National Association, as administrative agent, and the lenders from time to time party thereto (as previously amended, the “ Credit Facility ”). The Sixth Amendment, which is effective as of June 23, 2023, replaces the interest rates based on the London Interbank Offered Rate (“ LIBOR ”) and related LIBOR-based mechanics applicable to borrowings under the Credit Facility with interest rates based on the forward-looking Secured Overnight Financing Rate (“ SOFR ”) and related SOFR-based mechanics, and updates certain other provisions of the Credit Facility to refle”
Shareholder Votes

BENTLEY SYSTEMS INC shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-05-25 meeting.

“Proposal No. 3 — Ratification of Independent Registered Public Accounting Firm Votes For Votes Against Abstentions Proposal to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2023. 520,509,340 3,355,451 65,211”
Shareholder Votes

BENTLEY SYSTEMS INC shareholders approved Advisory (Non-Binding) Vote to Approve the Compensation of the Company's Named Executive Officers at the 2023-05-25 meeting.

“Proposal No. 2 — Advisory (Non‐Binding) Vote to Approve the Compensation of the Company’s Named Executive Officers Broker Votes For Votes Against Abstentions (1) Non-Votes (1) Proposal to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as described in the proxy statement. 493,986,468 17,735,513 183,438 12,024,583”
Shareholder Votes

BENTLEY SYSTEMS INC shareholders approved Election of Directors at the 2023-05-25 meeting.

“Proposal No. 1 — Election of Directors Votes For Votes Withheld Broker Non-Votes Gregory S. Bentley 465,972,888 45,932,531 12,024,583 Keith A. Bentley 463,059,087 48,846,332 12,024,583 Barry J. Bentley, Ph.D. 462,960,547 48,944,872 12,024,583 Raymond B. Bentley 463,369,060 48,536,359 12,024,583 Kirk B. Griswold 459,513,093 52,392,326 12,024,583 Janet B. Haugen 462,131,168 49,774,251 12,024,583 Brian F. Hughes 463,741,461 48,163,958 12,024,583”
Earnings Releases

BENTLEY SYSTEMS INC reported three months ended March 31, 2023 results: revenue $314.4 million, EPS $0.14. Guidance reaffirmed.

“First Quarter 2023 Financial Results • Total revenues were $314.4 million, up 14.1% or 17.1% on a constant currency basis, year-over-year; • Subscriptions revenues were $277.8 million, up 15.2% or 18.0% on a constant currency basis, year-over-year; • Annualized Recurring Revenues (“ARR”) was $1,071.0 million as of March 31, 2023, representing a constant currency ARR growth rate of 13% from March 31, 2022; • Last twelve-month recurring revenues dollar-based net retention rate was 110%, compared to 108% for the same period last year; • Operating income margin was 20.9%, compared to 20.5% for the same period last year; • Adjusted operating income inclusive of stock-based compensation expense (“Adjusted OI w/SBC”) margin was 28.8%, compared to 28.4% for the same period last year; • Net income per diluted share was $0.14, compared to $0.18 for the same period last year; • Adjusted net income per diluted share (“ Adjusted EPS ”) was $0.25, consistent with the same period last year; and • Cas”
Earnings Releases

BENTLEY SYSTEMS INC reported Full Year 2022 results: revenue $1,099.1 million, net income $174.8 million, EPS $0.55 per diluted share.

“Total revenues were $1,099.1 million, up 13.9% or 19.8% on a constant currency basis over 2021; • Subscriptions revenues were $960.2 million, up 18.1% or 24.3% on a constant currency basis over 2021; • Operating income was $208.6 million, compared to $94.6 million for 2021. Operating income for 2021 includes a one-time compensation charge of $90.7 million resulting from a modification of our deferred compensation plan; • Adjusted operating income was $348.5 million, compared to $306.2 million for 2021; • Adjusted operating income inclusive of stock-based compensation (“Adjusted OI w/SBC”) was $273.9 million, compared to $258.0 million for 2021; • Net income was $174.8 million, compared to $93.2 million for 2021. Net income per diluted share was $0.55, compared to $0.30 for 2021.”
Earnings Releases

BENTLEY SYSTEMS INC reported Fourth Quarter 2022 results: revenue $286.9 million, net income $25.7 million, EPS $0.08 per diluted share.

“Total revenues were $286.9 million, up 7.2% or 12.7% on a constant currency basis, year-over-year; • Subscriptions revenues were $251.5 million, up 12.7% or 18.3% on a constant currency basis, year-over-year; • Annualized Recurring Revenues (“ARR”) was $1,036.5 million as of December 31, 2022, representing a constant currency ARR growth rate of 15% from December 31, 2021, or 12.5% ARR growth from business performance, excluding acquired ARR from our 22Q1 platform acquisition of Power Line Systems; • Last twelve-month recurring revenues dollar-based net retention rate was 110%, consistent with the preceding quarter; • Operating income was $40.8 million, compared to $43.3 million for the same period last year; • Adjusted operating income was $88.1 million, compared to $83.3 million for the same period last year; • Net income was $25.7 million, compared to $38.6 million for the same period last year. Net income per diluted share was $0.08, compared to $0.12 for the same period last year;”

David J. Hollister departed as Chief Investment Officer at BENTLEY SYSTEMS INC.

“On February 28, 2023, the Company also announced that David J. Hollister, the Company’s Chief Investment Officer, will retire on March 31, 2023.”

Julien Moutte was appointed as Chief Technology Officer at BENTLEY SYSTEMS INC.

“Julien Moutte, the Company’s Vice President of Technology, is expected to succeed Mr. Bentley as Chief Technology Officer.”

Keith A. Bentley changed role as Chief Technology Officer at BENTLEY SYSTEMS INC.

“On February 28, 2023, the Company announced that Keith A. Bentley, the Company’s Chief Technology Officer, will step down from that position effective April 1, 2023 and will continue as an employee of the Company in the role of Technology Advisor.”

Brock Ballard was appointed as Chief Revenue Officer at BENTLEY SYSTEMS INC.

“Until his retirement date, Mr. Bergsma will remain employed by the Company as a senior advisor and will assist the Company in the transition of his duties and responsibilities to Brock Ballard, the Company’s new Chief Revenue Officer.”

Gus Bergsma retired as Chief Revenue Officer at BENTLEY SYSTEMS INC.

“On December 28, 2022, Gus Bergsma, Chief Revenue Officer for Bentley Systems, Incorporated (the “Company), informed the Company of his intention to retire from his position effective March 31, 2023.”
Earnings Releases

BENTLEY SYSTEMS INC reported third quarter of 2022 results: revenue $268.3 million, net income $37.0 million, EPS $0.12.

“software company, today announced operating results for its third quarter and nine months ended September 30, 2022. Third Quarter 2022 Financial Results • Total revenues were $268.3 million, up 6.7% or 14.7% on a constant currency basis, year-over-year; • Subscriptions revenues were $235.3 million, up 9.4% or 17.6% on a constant currency basis, year-over-year; •”

Werner Andre changed role as Chief Financial Officer at BENTLEY SYSTEMS INC.

“approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.”

Nicholas Cumins changed role as Chief Operating Officer at BENTLEY SYSTEMS INC.

“approved new compensation arrangements for Nicholas Cumins and Werner Andre, two of the Company’s named executive officers (together, the “Executive Officers”), in connection with their promotions to Chief Operating Officer and Chief Financial Officer, respectively.”

Werner Andre was named as Chief Financial Officer at BENTLEY SYSTEMS INC.

“• Werner Andre , age 52, currently the Company’s Chief Accounting Officer and Global Controller, was named Chief Financial Officer, effective upon Mr. Hollister’s transition to his new role.”

David Hollister was named as Chief Investment Officer at BENTLEY SYSTEMS INC.

“• David Hollister , age 56, currently the Company’s Chief Financial Officer and Chief Operations Advancement Officer, was named Chief Investment Officer, effective January 1, 2022.”

Nicholas Cumins was named as Chief Operating Officer at BENTLEY SYSTEMS INC.

“• Nicholas Cumins , age 45, currently the Company’s Chief Product Officer, was named to the position of Chief Operating Officer of the Company, effective January 1, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.