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    Open Text Corporation filed SEC Form 8-K: Leadership Update

    10/1/25 4:29:56 PM ET
    $OTEX
    EDP Services
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    otex-20251001
    0001002638false00010026382025-10-012025-10-01


     
     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
    ______________________
    FORM 8-K
    ______________________

    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
    Date of Report (Date of earliest event reported): October 1, 2025
    ______________________
    Open Text Corporation
    (Exact name of Registrant as specified in its charter)
    ______________________
    Canada0-2754498-0154400
    (State or Other Jurisdiction
    of Incorporation)
    (Commission
    File Number)
    (IRS Employer
    Identification No.)
    275 Frank Tompa Drive, Waterloo, Ontario, Canada N2L 0A1
    (Address of principal executive offices)
    (519) 888-7111
    (Registrant's telephone number, including area code)
    ______________________

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
    ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of each class 
    Trading Symbol(s)Name of each exchange on which registered
    Common stock without par valueOTEXNASDAQ Global Select Market
      
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



    Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
    On October 1, 2025, Open Text Corporation (“OpenText” or the “Company”) announced the appointment of Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025.

    Mr. Rai, age 56, brings over 30 years of global finance experience and a proven track record as a technology industry veteran. Mr. Rai most recently served as Chief Financial Officer of BlackBerry Limited, where he played a pivotal role in transforming the company’s financial strategy and operating structure during significant technological and organizational changes. Before joining BlackBerry, Mr. Rai held senior finance positions at PMC-Sierra and PricewaterhouseCoopers LLP. Mr. Rai holds a Bachelor of Business Administration degree with an accounting and finance major from Simon Fraser University in British Columbia, Canada. He is a Certified Public Accountant through the American Institute of Certified Public Accountants in Illinois (USA) and a member of the Chartered Professional Accountants in British Columbia, Canada.

    There is no arrangement or understanding between Mr. Rai and any other person pursuant to which he was appointed, and there are no family relationships between Mr. Rai and any director or executive officer of the Company or related transactions between Mr. Rai and the Company that are required to be reported.

    In connection with Mr. Rai’s appointment, the Company entered into an employment agreement with Mr. Rai effective October 6, 2025. For full details of the employment agreement, please see Exhibit 10.1 attached hereto, which is incorporated herein by reference.

    On October 1, 2025, OpenText issued a press release announcing such appointment, a copy of which is filed herewith as Exhibit 99.1.
    Item  9.01. Financial Statements and Exhibits
    (d)    Exhibits
    Exhibit No. 
    Description
     
    10.1
    Employment agreement between the Company and Steve Rai effective October 6, 2025.
    99.1
    Press release, dated October 1, 2025
    104Cover Page Interactive Data File (embedded within the Inline XBRL document).





    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 hereunto duly authorized.
     

      OPEN TEXT CORPORATION
    October 1, 2025
     By:/s/ Michael F. Acedo
       
    Michael F. Acedo
    Executive Vice-President, Chief Legal Officer & Corporate Secretary


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