Company: YEXT
Filing Date: 2025-01-30
Form Type: 8-K
Source: 0001614178-25-000002
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Company: Yext, Inc.
Filing Date: 2025-01-30
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.

(b) Departure of Director

On January 28, 2025, Julie Richardson notified the board of directors (the “ Board”) of Yext, Inc. (the “ Company”) that, after nearly 10 years of service to the Company, she intended to resign as a member of the Board, effective at the conclusion of the Company's current fiscal year on January 31, 2025. Ms. Richardson’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.

(e) Principal Executive Officer Compensation

On January 29, 2025, the Compensation Committee of the Board (the “ Compensation Committee”) awarded Michael Walrath, the Company’s Chief Executive Officer, a one-time cash bonus of $500,000 (the “ Bonus”). The Bonus was awarded in recognition of the successful work Mr. Walrath has performed since being appointed the Company’s Chief Executive Officer, particularly in achieving significantly greater operational efficiency for the Company. In awarding the Bonus, the Compensation Committee also considered the fact that Mr. Walrath has not received any cash compensation to date for his service as the Company’s Chief Executive Officer.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

           YEXT, INC.             
  By:      /s/ Ho Shin            
           Ho Shin                

Date: January 30, 2025