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Form 8-K PTC INC. For: May 18

May 24, 2022 5:01 PM EDT

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ptc-8k_20220518.htm
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 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):  May 18, 2022

 

PTC Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Massachusetts

0-18059

04-2866152

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

121 Seaport Boulevard, Boston, Massachusetts

02210

(Address of Principal Executive Offices)

(Zip Code)

 

(781) 370-5000

(Registrant’s Telephone Number, Including Area Code)

 

(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):

 

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

 

 

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

 

 

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

 

 

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

Common Stock, $.01 par value per share

PTC

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  

 

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

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.

 

 

 

PTC INC.

 

 

 

 

 

 

By:

/s/ Catherine Gorecki

 

          

      Catherine Gorecki

 

 

      Senior Vice President, Corporate & Securities

      Counsel, Assistant Secretary

Date: May 24, 2022

 

 

 

 



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