Business Context and Reporting Period
This Form 8-K Current Report was filed by Sprinklr, Inc. on October 2, 2025, with the earliest event reported on the same date. The filing primarily addresses a significant executive leadership change within the company's finance function.
Key Financial Metrics
The filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and appointment details.
Material Changes
- Appointment of CFO: The Board appointed Anthony Coletta as Chief Financial Officer, principal financial officer, and principal accounting officer, effective October 7, 2025.
- Succession: Mr. Coletta succeeds Rory Read, who served as interim CFO following the departure of Manish Sarin on September 19, 2025. Mr. Read will continue as President and CEO.
- Compensation Structure:
- Base Salary: $460,000 annually.
- Cash Bonus: Target of 90% of base salary.
- Equity Award: Total value of $5,000,000, split into 75% time-based Restricted Stock Units (RSUs) and 25% performance-based Restricted Stock Units (PSUs).
- Vesting Schedule:
- RSUs: Vest over four years, with the first tranche on December 15, 2026, and subsequent quarterly installments.
- PSUs: Vesting is contingent on service through December 15, 2028, and achievement of performance metrics (75% based on relative total stockholder return; 25% based on revenue growth and operating income goals). Payout ranges from 0% to 200% of target.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, outlook, or management commentary on business performance. It notes that Mr. Coletta is eligible for severance benefits under the company's Executive Severance and Change in Control Plan, subject to specific requirements including the signing of a separation agreement. The company also entered into a standard indemnification agreement with Mr. Coletta.
Investor Verification Checklist
- Verify the effective date of Anthony Coletta's tenure as CFO (October 7, 2025).
- Review the specific performance metrics for the PSU portion of the equity award in the full Employment Agreement (expected in the Q3 2025 Form 10-Q).
- Confirm the status of the interim CFO, Rory Read, and his continued role as CEO.
- Check the upcoming Form 10-Q for the quarter ending October 31, 2025, for the full text of the Employment Agreement and any related financial impact disclosures.