Open Text Corporation - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Open Text Corporation on December 16, 2015. The filing reports a material corporate governance event regarding the appointment of a senior executive officer.
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 does not contain financial performance data.
Material Changes
The primary material change disclosed is the appointment of Aditya Maheshwari as Senior Vice President and Chief Accounting Officer, effective February 12, 2016. Mr. Maheshwari succeeds Mr. Doolittle, who has served as interim principal accounting officer since October 16, 2015.
Management Commentary and Compensation
Mr. Maheshwari brings prior experience as a partner at KPMG LLP (Canada) from 2013 to 2015, with additional tenure at KPMG-affiliated entities from 2000 to 2013. His employment terms include:
- At-will employment status.
- Starting annual base salary of $250,000 CAD.
- Eligibility to participate in the Company's standard compensation and benefit programs.
Investor Verification Checklist
- Confirm the effective date of the Chief Accounting Officer appointment (February 12, 2016).
- Verify the transition timeline from the interim principal accounting officer.
- Review the Company's standard compensation and benefit program terms applicable to the new appointee.
- Check for any subsequent filings regarding the departure of the interim officer.