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[8-K] Sprinklr, Inc. Reports Material Event

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(Neutral)
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8-K
Rhea-AI Filing Summary

Sprinklr, Inc. reported that its Chief Financial Officer, Manish Sarin, will leave the company and remain through a transition period ending on the stated Transition Date, after which he will receive severance consistent with the companys Executive Severance and Change in Control Plan. During the transition he will be paid at his current base salary and remain eligible for benefits, and will be subject to customary post-employment obligations. The Board has designated CEO Rory Read to serve as interim Chief Financial Officer while the company conducts a search for a permanent CFO. Separately, Sprinklr announced the appointment of Scott Millard as Chief Revenue Officer, effective as stated.

Sprinklr, Inc. ha comunicato che il suo Chief Financial Officer, Manish Sarin, lascerà l'azienda e resterà in carica per un periodo di transizione fino alla Data di transizione indicata; successivamente riceverà un'indennità conforme al Piano di indennità per dirigenti e per i casi di cambio di controllo della società. Durante la transizione percepirà il suo stipendio base attuale, manterrà l'idoneità ai benefit e sarà soggetto alle consuete obbligazioni post-impiego. Il Consiglio ha designato il CEO Rory Read come Chief Financial Officer ad interim mentre l'azienda ricerca un CFO permanente. Separatamente, Sprinklr ha annunciato la nomina di Scott Millard a Chief Revenue Officer, con effetto dalla data indicata.

Sprinklr, Inc. informó que su director financiero, Manish Sarin, abandonará la empresa y permanecerá durante un período de transición hasta la Fecha de transición indicada; tras ello recibirá una indemnización conforme al Plan de Indemnización Ejecutiva y de Cambio de Control de la compañía. Durante la transición cobrará su salario base actual, seguirá siendo elegible para los beneficios y estará sujeto a las habituales obligaciones post-empleo. La Junta ha designado al CEO Rory Read como director financiero interino mientras la empresa busca un CFO permanente. Por separado, Sprinklr anunció el nombramiento de Scott Millard como Chief Revenue Officer, con vigencia a partir de la fecha indicada.

Sprinklr, Inc.는 최고재무책임자(CFO) 매니쉬 사린이 회사를 떠나며 명시된 전환일(Transition Date)까지 인수인계 기간 동안 근무할 것이라고 발표했습니다. 이후에는 회사의 임원 퇴직 및 경영권 변경 관련 보상 계획(Executive Severance and Change in Control Plan)에 따라 퇴직금을 받게 됩니다. 전환 기간 동안 그는 현재 기본급을 지급받고 복리후생 자격을 유지하며, 통상적인 고용 후 의무를 지게 됩니다. 이사회는 상임 CEO 로리 리드를 임시 최고재무책임자(interim CFO)로 지정했으며, 회사는 정규 CFO를 찾는 중입니다. 별도로 Sprinklr는 스콧 밀라드를 Chief Revenue Officer로 임명했다고 발표했습니다.

Sprinklr, Inc. a annoncé que son directeur financier, Manish Sarin, quittera l'entreprise et restera en poste pendant une période de transition jusqu'à la date de transition indiquée ; par la suite, il percevra une indemnité conforme au Plan d'indemnités pour cadres et de changement de contrôle de la société. Pendant la transition, il touchera son salaire de base actuel, restera éligible aux avantages et sera soumis aux obligations post-emploi habituelles. Le conseil d'administration a désigné le PDG Rory Read comme directeur financier par intérim pendant que l'entreprise recherche un CFO permanent. Par ailleurs, Sprinklr a annoncé la nomination de Scott Millard au poste de Chief Revenue Officer, avec effet à la date indiquée.

Sprinklr, Inc. teilte mit, dass sein Chief Financial Officer Manish Sarin das Unternehmen verlassen wird und während einer Übergangszeit bis zum angegebenen Übergangsdatum im Amt bleibt; danach erhält er eine Abfindung gemäß dem Executive Severance and Change in Control Plan des Unternehmens. Während der Übergangszeit wird er sein aktuelles Grundgehalt erhalten, weiterhin leistungsberechtigt sein und den üblichen nachvertraglichen Verpflichtungen unterliegen. Der Vorstand hat CEO Rory Read zum interimistischen Chief Financial Officer ernannt, während das Unternehmen nach einem dauerhaften CFO sucht. Separat kündigte Sprinklr die Ernennung von Scott Millard zum Chief Revenue Officer mit dem angegebenen Wirksamkeitsdatum an.

Positive
  • Interim CFO designated ensuring continuity by assigning CFO duties to the CEO on an interim basis
  • Formal transition plan with continuing pay and benefits during the Transition Period reduces operational disruption
  • Active CFO search initiated indicating management intends to appoint a permanent finance leader
  • Chief Revenue Officer appointment (Scott Millard) announced to strengthen revenue leadership
Negative
  • Departure of the CFO creates executive turnover in a key finance role
  • No financial details disclosed about severance payments or potential impacts, limiting investor visibility

Insights

TL;DR: orderly executive transition with CEO assuming interim CFO duties; board initiated external search for permanent CFO.

The filing describes a managed departure of the CFO with a formal Separation Agreement providing continued pay and benefits through the Transition Period and severance under the companys executive plan. Designating the CEO as interim CFO centralizes financial and operational authority temporarily and avoids an immediate external hire under pressure. The document confirms customary continuing obligations for the departing executive and indicates the company will file the full Separation Agreement later for transparency.

TL;DR: functional continuity preserved; CRO hire announced to support revenue operations while CFO search proceeds.

The interim CFO appointment and ongoing search for a permanent finance chief suggest continuity in financial oversight. The company also announced an incoming Chief Revenue Officer effective as stated, which addresses go-to-market leadership. The filing does not disclose financial impacts, change-in-control triggers, or severance amounts, limiting visibility into potential near-term cost or reporting effects.

Sprinklr, Inc. ha comunicato che il suo Chief Financial Officer, Manish Sarin, lascerà l'azienda e resterà in carica per un periodo di transizione fino alla Data di transizione indicata; successivamente riceverà un'indennità conforme al Piano di indennità per dirigenti e per i casi di cambio di controllo della società. Durante la transizione percepirà il suo stipendio base attuale, manterrà l'idoneità ai benefit e sarà soggetto alle consuete obbligazioni post-impiego. Il Consiglio ha designato il CEO Rory Read come Chief Financial Officer ad interim mentre l'azienda ricerca un CFO permanente. Separatamente, Sprinklr ha annunciato la nomina di Scott Millard a Chief Revenue Officer, con effetto dalla data indicata.

Sprinklr, Inc. informó que su director financiero, Manish Sarin, abandonará la empresa y permanecerá durante un período de transición hasta la Fecha de transición indicada; tras ello recibirá una indemnización conforme al Plan de Indemnización Ejecutiva y de Cambio de Control de la compañía. Durante la transición cobrará su salario base actual, seguirá siendo elegible para los beneficios y estará sujeto a las habituales obligaciones post-empleo. La Junta ha designado al CEO Rory Read como director financiero interino mientras la empresa busca un CFO permanente. Por separado, Sprinklr anunció el nombramiento de Scott Millard como Chief Revenue Officer, con vigencia a partir de la fecha indicada.

Sprinklr, Inc.는 최고재무책임자(CFO) 매니쉬 사린이 회사를 떠나며 명시된 전환일(Transition Date)까지 인수인계 기간 동안 근무할 것이라고 발표했습니다. 이후에는 회사의 임원 퇴직 및 경영권 변경 관련 보상 계획(Executive Severance and Change in Control Plan)에 따라 퇴직금을 받게 됩니다. 전환 기간 동안 그는 현재 기본급을 지급받고 복리후생 자격을 유지하며, 통상적인 고용 후 의무를 지게 됩니다. 이사회는 상임 CEO 로리 리드를 임시 최고재무책임자(interim CFO)로 지정했으며, 회사는 정규 CFO를 찾는 중입니다. 별도로 Sprinklr는 스콧 밀라드를 Chief Revenue Officer로 임명했다고 발표했습니다.

Sprinklr, Inc. a annoncé que son directeur financier, Manish Sarin, quittera l'entreprise et restera en poste pendant une période de transition jusqu'à la date de transition indiquée ; par la suite, il percevra une indemnité conforme au Plan d'indemnités pour cadres et de changement de contrôle de la société. Pendant la transition, il touchera son salaire de base actuel, restera éligible aux avantages et sera soumis aux obligations post-emploi habituelles. Le conseil d'administration a désigné le PDG Rory Read comme directeur financier par intérim pendant que l'entreprise recherche un CFO permanent. Par ailleurs, Sprinklr a annoncé la nomination de Scott Millard au poste de Chief Revenue Officer, avec effet à la date indiquée.

Sprinklr, Inc. teilte mit, dass sein Chief Financial Officer Manish Sarin das Unternehmen verlassen wird und während einer Übergangszeit bis zum angegebenen Übergangsdatum im Amt bleibt; danach erhält er eine Abfindung gemäß dem Executive Severance and Change in Control Plan des Unternehmens. Während der Übergangszeit wird er sein aktuelles Grundgehalt erhalten, weiterhin leistungsberechtigt sein und den üblichen nachvertraglichen Verpflichtungen unterliegen. Der Vorstand hat CEO Rory Read zum interimistischen Chief Financial Officer ernannt, während das Unternehmen nach einem dauerhaften CFO sucht. Separat kündigte Sprinklr die Ernennung von Scott Millard zum Chief Revenue Officer mit dem angegebenen Wirksamkeitsdatum an.

0001569345FALSE441 9th Avenue12th FloorNew YorkNew York00015693452025-09-022025-09-02

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): September 2, 2025
Sprinklr, Inc.
(Exact name of registrant as specified in its charter)  
Delaware 001-40528 45-4771485
(State or other jurisdiction
of incorporation)
 (Commission
File Number)
 (IRS Employer
Identification No.)
441 9th Avenue
12th Floor
New York, New York
 
10001
(Address of principal executive offices) (Zip Code)
Registrant’s Telephone Number, Including Area Code: (917) 933-7800

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
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
Symbol
 Name of each exchange
on which registered
Class A Common stock, par value $0.00003 per share CXM The New York Stock Exchange
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.  ☐
 



Item 2.02    Results of Operations and Financial Condition.
On September 3, 2025, Sprinklr, Inc. (the “Company”) issued a press release announcing, among other things, its financial results for the second quarter ended July 31, 2025. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 3, 2025, the Company announced that Manish Sarin, the Company’s Chief Financial Officer, principal financial officer and principal accounting officer, will leave the Company on September 19, 2025 (the “Transition Date”). Mr. Sarin has advised the Company that his departure is not related to any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.
In connection with Mr. Sarin’s transition, the Company expects to enter into a transition, separation and release of claims agreement (the “Separation Agreement”) with Mr. Sarin, pursuant to which Mr. Sarin will remain with the Company through the Transition Date (such period, the “Transition Period”). Pursuant to the Separation Agreement, during the Transition Period, Mr. Sarin will continue to be paid at his current base salary rate and will remain eligible to participate in the Company’s benefit plans pursuant to the terms of those plans. At the end of the Transition Period, Mr. Sarin will receive severance benefits consistent with the Company’s Executive Severance and Change in Control Plan, as amended from time to time. Mr. Sarin also will continue to be subject to customary continuing obligations post-employment, such as his obligations of confidentiality and to abide by applicable restrictive covenants.
The foregoing description of the Separation Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the complete text of the Separation Agreement, a copy of which the Company expects to file with its Quarterly Report on Form 10-Q for the quarter ending October 31, 2025, and upon filing will be incorporated herein by reference.
In connection with Mr. Sarin’s departure, on September 2, 2025, the Board designated Rory Read, the Company’s President and Chief Executive Officer and principal executive officer, as the Company’s Chief Financial Officer, principal financial officer and principal accounting officer on an interim basis, effective as of the Transition Date. The Company has initiated a search for a permanent Chief Financial Officer.
The biography for Mr. Read is contained in the Company’s definitive proxy statement, filed with the U.S. Securities and Exchange Commission on May 2, 2025. There is no arrangement or understanding between Mr. Read and any other person pursuant to which he was selected as the Company’s principal financial officer and principal accounting officer, and there is no family relationship between Mr. Read and any of the Company’s other executive officers or directors. There are no transactions between Mr. Read and the Company that would be required to be reported under Item 404(a) of Regulation S-K. Mr. Read is not receiving any additional compensation for his interim role as the Company’s Chief Financial Officer.

Item 7.01 Regulation FD Disclosure.
On September 3, 2025, the Company issued a press release announcing the appointment of Scott Millard as the Company’s Chief Revenue Officer, effective as of September 22, 2025. A copy of the press release is furnished herewith as Exhibit 99.2 and incorporated herein by reference.
The information set forth under Items 2.02 and 7.01 of this Current Report, including Exhibits 99.1 and 99.2 attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.  Description of Exhibits
99.1
Press release, dated September 3, 2025
99.2
Press release, dated September 3, 2025
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



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.
 
Date: September 3, 2025
 Sprinklr, Inc.
  By: /s/ Jacob Scott
  Jacob Scott
  General Counsel & Corporate Secretary
 

FAQ

What change did Sprinklr (CXM) disclose regarding its Chief Financial Officer?

The company disclosed that CFO Manish Sarin will depart and will remain through the Transition Period, after which he will receive severance consistent with the companys Executive Severance and Change in Control Plan.

Who will perform the CFO duties at Sprinklr (CXM) after the departure?

The Board designated CEO Rory Read to serve as interim Chief Financial Officer and principal financial and accounting officer effective as of the Transition Date.

Will Sprinklr (CXM) continue benefits and pay during the transition?

Yes. During the Transition Period the departing CFO will continue to be paid at his current base salary rate and remain eligible to participate in the companys benefit plans.

Did Sprinklr (CXM) announce any other executive appointments?

Yes. The company announced the appointment of Scott Millard as Chief Revenue Officer, effective as stated in the filing.

Is there any indication of disagreements or misconduct related to the CFO's departure?

The filing states that Mr. Sarin advised the company his departure is not related to any disagreement with the company on operations, policies, or practices.
Sprinklr Inc

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