Company: APPN
Filing Date: 2025-04-21
Form Type: 8-K
Source: 0001441683-25-000028
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Company: APPIAN CORP
Filing Date: 2025-04-21
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of Chief Financial Officer

On April 21, 2025, Appian Corporation (the “ Company”) issued a press release announcing that Srdjan “ Serge” Tanjga has been appointed Chief Financial Officer of the Company, effective May 27, 2025 (the “ Effective Date”). Mr. Tanjga will be serving as the Company’s principal financial officer and principal accounting officer as of the Effective Date. Mr. Tanjga succeeds Mark Lynch, who has served as the Company’s Interim Chief Financial Officer since November 2024.

Mr. Tanjga, age 46, previously served as Interim Chief Financial Officer at MongoDB Inc. from February 2025. Prior to that, he served as Senior Vice President, Finance at MongoDB from February 2021 and as Vice President of Finance and Business Operations from May 2019 to February 2021. Mr. Tanjga holds a B. A. and an MBA from Harvard University.

Pursuant to Mr. Tanjga's offer letter dated April 16, 2025 (the “ Offer Letter”), Mr. Tanjga will receive an annual base salary of $750,000 and an annual target bonus of $450,000 under the Senior Executive Cash Incentive Bonus Plan, a performance-based target incentive payment program, each subject to modification by the Company’s Board of Directors (“ Board”) in their sole discretion. The Offer Letter also provides he will receive a one-time sign-on grant of restricted stock units with a value of $5,000,000 with a four-year vest, subject to Board or Compensation Committee approval. Mr. Tanjga will also receive recurring annual grants of restricted stock units and performance stock units, each with a value of $1,500,000. Both grants vest over a four-year period, with the first 25% of the performance stock units vesting immediately upon grant.

The Company also entered into an employment agreement on April 17, 2025 with Mr. Tanjga containing the following terms: Mr. Tanjga will be employed on an “at-will” basis and will be entitled to a payment equal to six months’ salary, acceleration of any unvested equity, and payment of premiums for continued health benefits under COBRA for up to six months if his employment is terminated immediately prior to or