UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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(Address of Principal Executive Offices) |
(Zip Code) |
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(Registrant’s Telephone Number, Including Area Code) |
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(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
Trading Symbols |
Name of each exchange on which registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 5 - Corporate Governance and Management
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Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 23, 2022, Michael DiTullio, previously President, Velocity Business at PTC Inc. (the “Company”), assumed the role of President of the Company’s Digital Thread Business.
On May 18, 2022, it was agreed that Troy Richardson, who led the Company’s Digital Thread Business for the past year, will be leaving the Company after a transition period, the term of which has not been determined. At the end of the transition period, and subject to the execution of a general release of claims, Mr. Richardson will be entitled to receive the cash severance and benefits continuation provided under his existing Executive Agreement with the Company dated November 16, 2020, as described in the Company’s definitive proxy statement for its 2022 Annual Meeting of Shareholders as filed with the Securities and Exchange Commission on December 20, 2021.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PTC INC. |
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By: |
/s/ Catherine Gorecki |
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Catherine Gorecki |
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Senior Vice President, Corporate & Securities Counsel, Assistant Secretary |
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Date: May 24, 2022 |
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Document and Entity Information |
May 18, 2022 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | May 18, 2022 |
| Entity Registrant Name | PTC Inc. |
| Entity Central Index Key | 0000857005 |
| Entity Emerging Growth Company | false |
| Entity File Number | 0-18059 |
| Entity Incorporation, State or Country Code | MA |
| Entity Tax Identification Number | 04-2866152 |
| Entity Address, Address Line One | 121 Seaport Boulevard |
| Entity Address, City or Town | Boston |
| Entity Address, State or Province | MA |
| Entity Address, Postal Zip Code | 02210 |
| City Area Code | (781) |
| Local Phone Number | 370-5000 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock, $.01 par value per share |
| Trading Symbol | PTC |
| Security Exchange Name | NASDAQ |