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Endava puts CFO on leave, names interim finance chief

Endava plc (DAVA) announced a leadership change in its finance function and a related reporting delay.

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Form Type
6-K

Rhea-AI Filing Summary

Endava plc (DAVA) announced a leadership change in its finance function and a related reporting delay. The Board appointed Conor McShane of AlixPartners LLP as Interim Chief Financial Officer, and designated him as principal financial officer and principal accounting officer, effective September 21, 2026. This follows the Board’s decision, based on a recommendation from the Audit Committee, to place current CFO Mark Thurston on administrative leave, effective the same date.

Mr. Thurston’s leave is pending the conclusion of an ongoing investigation led by independent outside counsel for the Audit Committee regarding the company’s accounting treatment of certain customer and supplier agreements and related matters. Endava also disclosed that its fiscal fourth quarter and full year 2026 earnings release, conference call and Annual Report on Form 20-F for the year ended June 30, 2026 will occur on a later-than-usual timetable, with the company intending to report and file by November 2, 2026, consistent with applicable SEC deadlines.

Positive

  • None.

Negative

  • CFO placed on administrative leave pending an investigation by independent outside counsel for the Audit Committee into the company’s accounting treatment of certain customer and supplier agreements and related matters.
  • Delay to fiscal 2026 reporting timetable, with fourth quarter and full year results and the Form 20-F to be released later than the company’s historical schedule, although still by the November 2, 2026 SEC deadline.
Interim CFO effective date September 21, 2026 Effective date of Conor McShane’s appointment as Interim Chief Financial Officer
CFO administrative leave effective date September 21, 2026 Effective date Mark Thurston was placed on administrative leave
Fiscal 2026 Form 20-F filing target November 2, 2026 Date by which Endava intends to file its Annual Report on Form 20-F for fiscal 2026
Fiscal year-end referenced for upcoming results June 30, 2026 Fiscal year-end for fourth quarter and full year 2026 financial results
Employees (Endavans) 11,225 Headcount as of March 31, 2026 across Endava’s global locations
administrative leave regulatory
"to place Mark Thurston, the Company’s Chief Financial Officer, on administrative leave"
independent outside counsel regulatory
"an ongoing investigation being conducted by independent outside counsel for the Committee"
Annual Report on Form 20-F regulatory
"file its Annual Report on Form 20-F for the year ended June 30, 2026"
An annual report on Form 20-F is a standardized filing that foreign companies submit to the U.S. securities regulator to disclose their financial results, business operations, risks, and management’s discussion of performance. It matters to investors because it provides a complete, audited snapshot—like a company’s financial report card and shareholder letter combined—used to assess transparency, compare companies, and judge whether the stock’s price matches underlying business strengths and risks.
registration statement on Form F-3 regulatory
"expressly incorporated by reference into the Company’s registration statement on Form F-3"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
forward-looking statements regulatory
"This report includes forward-looking 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive change did Endava plc (DAVA) announce in this 6-K?

Endava appointed Conor McShane of AlixPartners LLP as Interim Chief Financial Officer, effective September 21, 2026, and designated him as principal financial officer and principal accounting officer.

What is the status of Endava’s current CFO Mark Thurston?

Mark Thurston has been placed on administrative leave effective September 21, 2026, pending completion of an ongoing investigation overseen by independent outside counsel for the Board’s Audit Committee.

Why is Endava adjusting the timing of its fiscal 2026 financial reporting?

Endava disclosed that, relative to its historical reporting schedule, it expects to publish its fiscal fourth quarter and full year 2026 results and file its Form 20-F for fiscal 2026 on a later timetable while the investigation is ongoing.

By when does Endava intend to file its Form 20-F for fiscal 2026?

Endava intends to file its Annual Report on Form 20-F for fiscal 2026 by November 2, 2026, which it identifies as the applicable deadline under SEC rules.

What is the focus of the investigation disclosed by Endava (DAVA)?

The investigation being conducted by independent outside counsel for the Audit Committee concerns Endava’s accounting treatment of certain customer and supplier agreements and related matters, as described by the company.

How large is Endava’s workforce as referenced in this filing?

Endava reports that, as of March 31, 2026, it had 11,225 employees (“Endavans”) across locations in Europe, the Americas, Asia Pacific and the Middle East.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Month of September 2026

Commission File Number: 001-38607

 

 

ENDAVA PLC

(Name of Registrant)

 

 

125 Old Broad Street

London EC2N 1AR

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: ☒ Form 20-F ☐ Form 40-F

 

 
 


INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

Executive Management Team Update

On September 18, 2026, the Board of Directors (the “Board”) of Endava plc (the “Company”) appointed Conor McShane from AlixPartners LLP, a leading global business advisory firm, to serve as the Company’s Interim Chief Financial Officer, and designated him as principal financial officer and principal accounting officer, effective September 21, 2026.

The appointment follows the decision of the Board, upon the recommendation of the Company’s Audit Committee of the Board (the “Committee”), to place Mark Thurston, the Company’s Chief Financial Officer, on administrative leave, effective September 21, 2026. Mr. Thurston’s leave is pending the conclusion of an ongoing investigation being conducted by independent outside counsel for the Committee, which was initiated in response to the Company’s outside auditors raising concerns about the Company’s accounting treatment of certain customer and supplier agreements and related matters. The independent investigation is ongoing, and to ensure the fairness of that process, the Company does not plan further comment pending conclusion of the investigation.

On September 21, 2026, the Company issued a press release announcing the matters described above and that, relative to its historical reporting schedule, the Company expects to publish its earnings release and host its conference call relating to the fourth quarter and full year financial results for the fiscal year ended June 30, 2026, as well as file its Annual Report on Form 20-F for the year ended June 30, 2026, on a later timetable. The Company intends to publish its financial results and file its Annual Report on Form 20-F by November 2, 2026, the deadline required under applicable U.S. Securities and Exchange Commission (“SEC”) rules. A copy of the press release is furnished herewith as Exhibit 99.1.

Forward-Looking Statements

This report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of terms and phrases such as “believe,” “expect,” “intends,” “outlook,” “may,” “will,” and other similar terms and phrases. Such forward-looking statements include, but are not limited to, statements relating to the investigation being conducted by independent outside counsel for the Committee, including the scope, timing and results of the investigation; and the availability and announcement of fourth quarter and full year 2026 financial results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to the risks and uncertainties discussed in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended June 30, 2025, filed with the SEC on September 4, 2025, and in other filings that the Company makes from time to time with the SEC. In addition, the forward-looking statements included in this report represent the Company’s views and expectations as of the date hereof and are based on information currently available to the Company. The Company anticipates that subsequent events and developments may cause its views to change. The Company specifically disclaims any obligation to update the forward-looking statements in this report except as required by law. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.

INCORPORATION BY REFERENCE

The information in this report, including Exhibit 99.1, is hereby expressly incorporated by reference into the Company’s registration statement on Form F-3 (File No. 333-229213) and registration statements on Form S-8 (File Nos. 333-228717, 333-248904, 333-259900, 333-268067, 333-274571, 333-282207 and 333-290043), and any related prospectuses, as such registration statements may be amended from time to time, and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.


EXHIBIT LIST

 

Exhibit

  

Description

99.1    Press Release, dated September 21, 2026


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, thereunto duly authorized.

 

   

ENDAVA PLC

Date: September 21, 2026     By:   /s/ John Cotterell
      Name: John Cotterell
      Title: Chief Executive Officer

Exhibit 99.1

Endava Appoints Conor McShane as Interim Chief Financial Officer

Intends to Report Fiscal Fourth Quarter and Full Year 2026 Financial Results by November 2, 2026

LONDON – September 21, 2026 Endava plc (NYSE: DAVA), the technology-driven business transformation group whose AI-native approach combines cutting-edge technology with deep industry expertise, today announced that Conor McShane of AlixPartners LLP, a leading global business advisory firm, has been appointed as Interim Chief Financial Officer, effective today.

Mr. McShane’s appointment follows the decision of the Company’s Board of Directors, upon the recommendation of the Audit Committee of the Board, to place Mark Thurston, Chief Financial Officer, on administrative leave, also effective today. Mr. Thurston’s leave is pending the conclusion of an ongoing investigation being conducted by independent outside counsel for the Board’s Audit Committee, which was initiated in response to concerns about the Company’s accounting treatment of certain customer and supplier agreements and related matters.

The Company’s Board remains committed to acting in the best interests of Endava and its shareholders, and the management team remains focused on disciplined execution, delivering for clients, and advancing the Company’s AI-native strategy.

TIMING OF FISCAL FOURTH QUARTER AND FULL YEAR 2026 FINANCIAL RESULTS

Endava intends to publish its fiscal fourth quarter and full year 2026 financial results, and file its Annual Report on Form 20-F for fiscal 2026, by November 2, 2026.

The Company will announce the date and time of its earnings release and conference call once they have been scheduled.

ABOUT ENDAVA PLC

Endava is a leading provider of next-generation technology services, dedicated to enabling its clients to accelerate growth, tackle complex challenges and thrive in evolving markets. By combining innovative technologies and deep industry expertise with an AI-native approach, Endava consults and partners with clients to create solutions that drive transformation, augment intelligence and deliver lasting impact. From ideation to production, it supports clients with tailor-made solutions at every stage of their digital transformation, regardless of industry, region or scale.

Endava’s clients span payments, insurance, banking and capital markets, technology, media, telecommunications, healthcare, mobility, retail and consumer goods and more. As of March 31, 2026, 11,225 Endavans are helping clients break new ground across locations in Europe, the Americas, Asia Pacific and the Middle East.

For more information, visit www.endava.com.

FORWARD-LOOKING STATEMENTS

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of terms and phrases such as “believe,” “expect,” “intends,” “outlook,” “may,” “will,” and other similar terms and phrases. Such forward-looking statements include, but are not limited to, statements regarding the investigation being conducted by independent outside counsel for the Board’s Audit Committee, including the scope, timing and results of the investigation; and the availability and announcement of fourth quarter and full year 2026 financial results. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements, including, but not limited to: Endava’s ability to achieve its revenue growth goals, including as a result of a slower conversion of its pipeline; Endava’s


expectations of future operating results or financial performance; Endava’s ability to accurately forecast and achieve its announced guidance; Endava’s ability to retain existing clients and attract new clients, including its ability to increase revenue from existing clients and diversify its revenue concentration; Endava’s ability to attract and retain highly-skilled IT professionals at cost-effective rates; Endava’s ability to successfully identify acquisition targets, consummate acquisitions and successfully integrate acquired businesses and personnel; Endava’s ability to penetrate new industry verticals and geographies and grow its revenue in current industry verticals and geographies; Endava’s ability to maintain favorable pricing and utilisation rates to support its gross margin; the effects of increased competition as well as innovations by new and existing competitors in its market; the size of Endava’s addressable market and market trends; Endava’s ability to adapt to technological change and industry trends and innovate solutions for its clients; Endava’s plans for growth and future operations, including its ability to manage its growth; Endava’s ability to effectively manage its international operations, including Endava’s exposure to foreign currency exchange rate fluctuations; Endava’s future financial performance; the impact of unstable market, economic, and global conditions, as well as other risks and uncertainties discussed in the “Risk Factors” section of Endava’s Annual Report on Form 20-F for the year ended June 30, 2025, filed with the SEC on September 4, 2025, and in other filings that Endava makes from time to time with the SEC. In addition, the forward-looking statements included in this press release represent Endava’s views and expectations as of the date hereof and are based on information currently available to Endava. Endava anticipates that subsequent events and developments may cause its views to change. Endava specifically disclaims any obligation to update the forward-looking statements in this press release except as required by law. These forward-looking statements should not be relied upon as representing Endava’s views as of any date subsequent to the date hereof.

Investor Relations Contact:

Laurence Madsen, Endava

investors@endava.com

Media Contact:

Endava Press Office: Media.Relations@endava.com

Filing Exhibits & Attachments

1 document

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