Sprinklr, Inc. (NYSE: CXM) appoints Microsoft AI executive Jordi Ribas to its board
Rhea-AI Filing Summary
Sprinklr, Inc. expanded its Board of Directors from seven to eight members and appointed Jordi Ribas, Ph.D., currently President of Search & AI at Microsoft, as a Class II director effective August 17, 2026, with a term expiring at the 2029 Annual Meeting of Stockholders. He will serve on the Nominating and Corporate Governance Committee and the Strategy Committee and has been determined to be independent under New York Stock Exchange rules. As a non-employee director, he will receive RSU equity awards valued at $200,000 for an initial grant and $200,000 annually thereafter (first annual award prorated), plus annual cash retainers of $40,000 for Board service, $5,000 for the Nominating and Corporate Governance Committee, and $8,000 for the Strategy Committee. Sprinklr will also enter into its standard indemnification agreement with him and issued a press release announcing the appointment.
Positive
- None.
Negative
- None.
Filing Explained
The filing adds a governance change beyond the appointment: effective
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Board size after change: 8 directors
Initial RSU award value: $200,000
Annual RSU award value: $200,000
+5 more
8 metrics
Board size after change
8 directors
Board increased from seven to eight members on August 10, 2026
Initial RSU award value
$200,000
Initial equity award of restricted stock units under the 2021 Equity Incentive Plan
Annual RSU award value
$200,000
Annual equity award of RSUs granted on each annual stockholder meeting date
Annual Board cash retainer
$40,000
Cash retainer for service as a member of the Board, paid quarterly
Nominating & Governance cash retainer
$5,000
Additional annual cash retainer for service on the Nom Gov Committee
Strategy Committee cash retainer
$8,000
Additional annual cash retainer for service on the Strategy Committee
Effective appointment date
August 17, 2026
Date Jordi Ribas’s appointment to the Board becomes effective
Director age
57
Age of Jordi Ribas at the time of appointment
Key Terms
restricted stock units, Non-Employee Director Compensation Policy, indemnification agreement, Unified Customer Experience Management (Unified-CXM), +1 more
5 terms
restricted stock units financial
"an initial equity award of restricted stock units (“RSUs”) under the Company’s 2021 Equity Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Director Compensation Policy financial
"eligible to participate in the Company’s Amended and Restated Non-Employee Director Compensation Policy"
indemnification agreement regulatory
"the Company and Dr. Ribas will enter into the Company’s standard form of indemnification agreement"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Unified Customer Experience Management (Unified-CXM) technical
"the definitive, AI-native platform for Unified Customer Experience Management (Unified-CXM)"
forward-looking statements regulatory
"This press release contains forward-looking information and statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What director change did Sprinklr (CXM) announce on August 10, 2026?
Sprinklr expanded its Board from seven to eight members and appointed Jordi Ribas, Ph.D. as a Class II director, effective August 17, 2026, with a term running until the company’s 2029 Annual Meeting of Stockholders.
What is Jordi Ribas’s role outside Sprinklr (CXM) and his background?
Jordi Ribas currently serves as President of Search & AI at Microsoft, leading Bing and Web IQ. He has over 26 years at Microsoft, more than 50 technical publications, and 20 U.S. patents, with a Ph.D. in Electrical and Computer Engineering.
How will Sprinklr (CXM) compensate Jordi Ribas as a non-employee director?
Under Sprinklr’s non-employee director policy, Jordi Ribas receives an Initial RSU award valued at $200,000 and annual RSU awards of $200,000, plus annual cash retainers of $40,000 for Board service, $5,000 for Nominating and Corporate Governance, and $8,000 for Strategy Committee duties.
Is Jordi Ribas considered an independent director at Sprinklr (CXM)?
The Board determined that Jordi Ribas is independent under New York Stock Exchange rules and other applicable regulations, meaning he meets the exchange’s criteria for independence from Sprinklr’s management and controlling shareholders.
Which Board committees will Jordi Ribas serve on at Sprinklr (CXM)?
Jordi Ribas will serve on Sprinklr’s Nominating and Corporate Governance Committee and its Strategy Committee. In connection with his appointment to the Strategy Committee, director Eileen Schloss was removed from that committee effective August 17, 2026.
What equity vesting terms apply to Jordi Ribas’s RSU awards at Sprinklr (CXM)?
His Initial Award of RSUs vests in full on the first anniversary of grant, subject to continued service. Each Annual Award vests in full on the earlier of the first anniversary of grant or the day before the next annual stockholder meeting, again subject to continued service.
Did Sprinklr (CXM) provide any legal protections to Jordi Ribas as a director?
Sprinklr and Jordi Ribas will enter into the company’s standard indemnification agreement, under which Sprinklr agrees, to the fullest extent permitted by Delaware law, to indemnify him for certain liabilities arising from his service as a director.