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PTC Inc. – ‘8-K’ for 6/1/23

On:  Monday, 6/5/23, at 4:03pm ET   ·   For:  6/1/23   ·   Accession #:  950170-23-26350   ·   File #:  0-18059

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/05/23  PTC Inc.                          8-K:5       6/01/23   10:175K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     63K 
 5: R1          Document And Entity Information                     HTML     47K 
 8: XML         IDEA XML File -- Filing Summary                      XML     12K 
 6: XML         XBRL Instance -- ptc-20230601_htm                    XML     15K 
 7: EXCEL       IDEA Workbook of Financial Report Info              XLSX      8K 
 4: EX-101.LAB  XBRL Labels -- ptc-20230601_lab                      XML     41K 
 3: EX-101.PRE  XBRL Presentations -- ptc-20230601_pre               XML     34K 
 2: EX-101.SCH  XBRL Schema -- ptc-20230601                          XSD     11K 
 9: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
10: ZIP         XBRL Zipped Folder -- 0000950170-23-026350-xbrl      Zip     13K 


‘8-K’   —   Current Report


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 iX:   C:  C: 
  8-K  
 i 0000857005 i false i Massachusetts i -00008570052023-06-012023-06-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM  i 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(D) of The Securities Exchange Act of 1934

 

 

Date of report (Date of earliest event reported)  i June 1, 2023

 

 i PTC Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

 i Massachusetts

 i 0-18059

 i 04-2866152

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

 

 i 121 Seaport Boulevard,  i Boston, MA

 i 02210

(Address of Principal Executive Offices)

(Zip Code)

 

(Registrant’s Telephone Number, Including Area Code)  i (781)  i 370-5000

 

 

(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):

 

 i o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

 i o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

 i o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 i o

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:

Title of each class

Trading Symbols

Name of each exchange on which registered

 i Common Stock, $.01 par value per share

 i PTC

 i NASDAQ Global Select Market

 

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  i o

 

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. o

 

 


Section 5 – Corporate Governance and Management

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Appointment of New Director

 

On June 1, 2023, Janesh Moorjani was appointed to the Board of Directors of PTC Inc., effective as of June 7, 2023. Mr. Moorjani has also been appointed to serve as a member of the Audit Committee of the Board of Directors.

 

Mr. Moorjani has served as Chief Financial Officer and Chief Operating Officer of Elastic N.V., a data analytics company built on the power of search, since May 2022. Before that, he served as Chief Financial Officer of Elastic N.V. from August 2017 to May 2022. Before that, he held various senior leadership, finance and sales positions at Infoblox, VMware, Cisco Systems, PTC, and Goldman Sachs. Mr. Moorjani holds a Bachelor of Commerce degree from the University of Mumbai and an M.B.A. from the Wharton School of the University of Pennsylvania. Mr. Moorjani is 50 years old.

 

Mr. Moorjani’ s compensation for service as a director will be commensurate with that for our outside directors, other than our Board Chair, for the 2023 Board service year, as prorated for the year. He will be paid an annual cash retainer of $60,000, as pro-rated for the current year, payable quarterly in arrears, and will be granted an annual equity retainer of RSUs valued at approximately $250,000 on the grant date, as prorated for the year, which RSUs will vest on the earlier of the 2024 Annual Meeting of Stockholders and March 15, 2024. He will also receive a one-time initial new director grant of RSUs valued at $375,000 on the grant date, which RSUs will vest in two substantially equal installments on June 15, 2024 and 2025. For his service on the Audit Committee, Mr. Moorjani will receive compensation commensurate with that for other Audit Committee members, other than the Committee Chair, for the 2023 Audit Committee service year. He will be paid a cash retainer of $15,000, which will be prorated for the year and will be payable quarterly in arrears.

 

 

2

 


SIGNATURES

 

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.

 

 

 

PTC Inc.

 

 

 

 

 

 

 

 

 

Date:        5 June 2023

By:

/s/Catherine Gorecki

 

 

Catherine Gorecki

 

 

Senior Vice President, Corporate & Securities Counsel, Assistant Secretary

 

 

 

 

 

 

 

 

 

3

 



Dates Referenced Herein

This ‘8-K’ Filing    Date    Other Filings
6/15/25None on these Dates
6/15/24
3/15/24
6/7/23
Filed on:6/5/23
For Period end:6/1/23
 List all Filings 


2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/03/23  PTC Inc.                          424B7                  1:428K                                   Donnelley … Solutions/FA
 8/01/23  PTC Inc.                          424B7                  1:429K                                   Donnelley … Solutions/FA
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