Business Context and Reporting Period
This Form 8-K Current Report was filed by Appian Corporation on October 1, 2024, regarding events occurring on September 25, 2024, and October 1, 2024. The filing primarily addresses corporate governance changes involving the Board of Directors.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on personnel appointments rather than financial performance.
Compensation Details:
- Annual Retainer: $250,000 for the new director.
- Payment Structure: 50% cash and 50% fully-vested shares of Class A common stock.
Material Changes
The primary material change is the appointment of Carl "Boe" Hartman II to the Board of Directors, effective October 1, 2024. He will serve until the 2025 annual meeting of stockholders. Additionally, Mr. Hartman was appointed to the Compensation Committee effective on the same date.
Outlook, Risks, and Management Commentary
The Board has determined that Mr. Hartman is independent in accordance with corporate governance guidelines and Nasdaq/SEC requirements. There are no disclosed arrangements or understandings regarding his selection. The filing notes that Mr. Hartman is not a party to any transactions requiring disclosure under Item 404(a) of Regulation S-K. No specific risks, contingencies, or unusual items related to financial operations were disclosed in this filing.
Investor Verification Checklist
- Verify the independence status of Carl "Boe" Hartman II as disclosed in the filing.
- Confirm the impact of the new director's appointment on the composition of the Compensation Committee.
- Review the attached press release (Exhibit 99.1) for additional context on the appointment.
- Note that this filing contains no financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.