Item 2.02. Results of Operations and Financial Condition OnSeptember 3, 2020 ,Yext, Inc. (the "Company") issued a press release announcing its financial results for the second fiscal quarter endedJuly 31, 2020 . A copy of the Company's press release is attached hereto as Exhibit 99.1. The information in this Item 2.02 (including Exhibit 99.1) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) The Company announced certain of its executive officers would be changing roles with the Company as follows: OnSeptember 1, 2020 ,James Steele notified the Board of his intention to step down as President and Chief Revenue Officer of the Company effectiveSeptember 30, 2020 .Mr. Steele will be transitioning to a new role as an advisor to the Company effectiveOctober 1, 2020 .Mr. Steele and the Company entered into an advisory agreement with a term of one year. Pursuant to such agreement and for his service thereunder, the Company will grantMr. Steele 50,000 restricted stock units under the Company's 2016 Equity Incentive Plan, which will fully vest onSeptember 20, 2021 subject to his continued service through such date. Unvested options and restricted stock units granted toMr. Steele in connection with his employment President and Chief Revenue Officer of the Company will be forfeited as ofSeptember 30, 2020 . In addition,Mr. Steele will no longer be a participant in the Company's Change in Control and Severance Policy effectiveSeptember 30, 2020 . Also, onSeptember 1, 2020 ,Tom Dixon notified the Board of his intention to step down as Chief Technology Officer of the Company effectiveSeptember 30, 2020 .Mr. Dixon will be transitioning to a new role as a Senior Technical Fellow and reduced-time employee effectiveOctober 1, 2020 . In this new role,Mr. Dixon's compensation will consist of an annual salary of$120,000 .Mr. Dixon will remain eligible for his executive bonus for fiscal 2021 under the Company's executive bonus plan but will no longer participate in executive bonus plan thereafter. Equity awards previously granted toMr. Dixon under his existing employment agreement will continue to vest, but he will no longer be a participant in the Company's Change in Control and Severance Policy effectiveSeptember 30, 2020 . The Company thanks Messrs. Dixon and Steele for their respective service as employees and executive officers of the Company. Item 8.01. Other Events OnSeptember 3, 2020 the Board determined thatHo Shin , General Counsel and Corporate Secretary of the Company, andMarc Ferrentino , Chief Strategy Officer of the Company, shall each be deemed an executive officer of the Company as defined in Rule 3b-7 of the Exchange Act, and for purposes of disclosure under Item 401(b) of Regulation S-K and an officer as defined in Rule 16a-1(f) of the Exchange Act for purposes of Section 16 under the Exchange Act. -------------------------------------------------------------------------------- Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Advisor Agreement between the Company and James Steele 99.1 Press release dated September 3 , 2020 104 Cover Page Interactive Data File (embedded within
the Inline XBRL document)
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