Sprinklr, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Sprinklr, Inc. on May 9, 2024. The filing discloses the appointment of a new executive officer to the Company's leadership team.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
The Board of Directors appointed Marlise Ricci as Chief Accounting Officer (CAO) and principal accounting officer, effective June 3, 2024. Manish Sarin will continue to serve as Chief Financial Officer.
Management Commentary and Compensation Details
In connection with her appointment, Ms. Ricci's compensation package includes:
- Initial annual base salary of $375,000.
- Annual discretionary bonus with a target of 40% of the base salary.
- One-time signing bonus of $50,000, subject to repayment conditions.
- Initial equity award of 215,000 restricted stock units under the 2021 Equity Incentive Plan.
- Entitlement to severance benefits under the Company's Severance and Change in Control Plan.
- Standard indemnification agreement pursuant to Delaware law.
Ms. Ricci previously served as Senior Vice President, Finance at Proofpoint, Inc. from January 2018 to October 2023. The filing states there are no family relationships between Ms. Ricci and existing officers or directors, and no undisclosed arrangements regarding her selection.
Investor Verification Checklist
- Verify the effective date of the CAO appointment (June 3, 2024).
- Review the specific terms of the Severance and Change in Control Plan referenced in the filing.
- Confirm the vesting schedule and terms for the 215,000 restricted stock units granted.
- Check for any subsequent filings regarding the repayment conditions of the signing bonus.