• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

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

    8/22/25 4:49:58 PM ET
    $OTEX
    EDP Services
    Technology
    Get the next $OTEX alert in real time by email
    otex-20250811
    0001002638true00010026382025-08-112025-08-11


     
     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
    ______________________
    FORM 8-K/A
    (Amendment No. 1)

    CURRENT REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
    Date of Report (Date of earliest event reported): August 11, 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:
    TitleTrading SymbolName 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. ☐



    Explanatory Note
    This Amendment No. 1 to the Current Report on Form 8-K (this “Amendment”) amends Item 5.02 of Open Text Corporation’s (“OpenText” or the “Company”) Current Report on Form 8-K filed on August 11, 2025 (the “Original Form 8-K”). This Amendment should be read in conjunction with the Original Form 8-K. Except as set forth below, the Original Form 8-K remains unchanged.
    Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
    On August 11, 2025, the Company announced that James McGourlay, formerly Executive Vice President, International Sales at OpenText, was appointed Interim Chief Executive Officer, effective immediately.
    Effective August 15, 2025, Mr. McGourlay will receive an additional premium of C$25,695 (less applicable deductions) per pay period, above and beyond his current base salary during the time he is serving in the interim role of Chief Executive Officer. Effective for the Company’s fiscal year 2026, Mr. McGourlay will also be eligible for a targeted annual variable compensation of 100% of his annual base salary earned, inclusive of the additional premium noted above (less applicable deductions). In addition, Mr. McGourlay is also eligible for a target value grant of US$281,250 in the form of restricted and performance share units. No other changes to the terms of his employment will result from Mr. McGourlay serving in the interim Chief Executive Officer role for OpenText.



    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
    August 22, 2025 By:/s/ Michael F. Acedo
       Michael F. Acedo
    Executive Vice-President, Chief Legal Officer & Corporate Secretary


    Get the next $OTEX alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $OTEX

    DatePrice TargetRatingAnalyst
    9/15/2025$45.00Sector Perform → Outperform
    National Bank Financial
    8/12/2025$33.00Buy → Hold
    Jefferies
    12/17/2024$32.00Neutral
    UBS
    11/1/2024$45.00 → $33.00Outperform → Sector Perform
    RBC Capital Mkts
    8/2/2024Outperform → Sector Perform
    National Bank Financial
    5/3/2024$50.00 → $38.00Outperform → Market Perform
    BMO Capital Markets
    2/27/2024$45.00Buy
    Jefferies
    3/22/2023$41.00Equal Weight
    Barclays
    More analyst ratings

    $OTEX
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    OpenText to Report First Quarter Fiscal Year 2026 Financial Results on Wed, November 5, 2025 and Host Conference Call on Thurs, November 6, 2025

    WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t

    10/8/25 5:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Expands Availability of Core Threat Detection and Response with Deep Microsoft Integrations

    AI-Powered Threat Detection and Response Now Seamlessly Integrated with Microsoft Defender, Entra ID, and Security Copilot WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced new innovations within OpenText™ Core Threat Detection and Response, an AI-powered cybersecurity solution deeply integrated with Microsoft Defender for Endpoint, Microsoft Entra ID and Microsoft Copilot for Security. The joint solution helps security teams detect, investigate, and respond to threats faster while cutting alert noise.

    10/8/25 9:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Open Text upgraded by National Bank Financial with a new price target

    National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00

    9/15/25 8:01:48 AM ET
    $OTEX
    EDP Services
    Technology

    Open Text downgraded by Jefferies with a new price target

    Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00

    8/12/25 7:56:21 AM ET
    $OTEX
    EDP Services
    Technology

    UBS initiated coverage on Open Text with a new price target

    UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00

    12/17/24 8:15:27 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    SEC Filings

    View All

    Amendment: SEC Form SCHEDULE 13G/A filed by Open Text Corporation

    SCHEDULE 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/7/25 5:36:56 PM ET
    $OTEX
    EDP Services
    Technology

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

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    10/6/25 5:08:02 PM ET
    $OTEX
    EDP Services
    Technology

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

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    10/1/25 4:29:56 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3: New insider Open Text Corp claimed ownership of 1,000 shares

    3 - OPEN TEXT CORP (0001002638) (Reporting)

    12/23/21 4:05:16 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Financials

    Live finance-specific insights

    View All

    OpenText to Report First Quarter Fiscal Year 2026 Financial Results on Wed, November 5, 2025 and Host Conference Call on Thurs, November 6, 2025

    WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t

    10/8/25 5:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText to Strategically Divest Non-Core Unit for US$163 Million

    Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash. The business to be divested is part of OpenText's Analytics product group, primarily focused on automating the work of legal professionals, and contributed approximately $30 mil

    10/2/25 5:45:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Reports Fourth Quarter and Fiscal Year 2025 Financial Results

    $1.86B of Cloud Revenues, 2.0% Y/Y growth Announces 5% increase of dividend New $300 million share repurchase program Fiscal 2025 Annual Highlights Y/Y (in millions)(1) Total Revenues Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $5,168 $1,856 $436 $1,784 $1.65 $3.82 $831 $687 -10.4% Y/Y 2.0% Y/Y 8.4% margin 34.5% margin -3.5% Y/Y -8.4% Y/Y -14.2% Y/Y -15.0% Y/Y   "OpenText had a strong Q4 and our cloud business is accelerating. Cloud bookings growth surged to 32%, driven by demand for our new AI-driven Titanium X platform. For the full Fiscal 2025, we delivered 13% total cloud RPO growth, 2.0% cloud revenue growth, an overall Adj EBI

    8/7/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Leadership Updates

    Live Leadership Updates

    View All

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints Steve Rai EVP, Chief Financial Officer

    WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025.  Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financ

    10/1/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Announces Leadership Transition

    Appoints 25-Year OpenText Veteran James McGourlay as Interim Chief Executive Officer Board of Directors Establishes Executive Committee and Commences CEO Search Company to Continue to Explore Portfolio-Shaping Opportunities to Enhance Focus WATERLOO, ON, Aug. 11, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive Officer, effective immediately. Mr. McGourlay has been with the Company for more than 25 years and has held senior roles in sales, customer operations, IT, technical support, product support

    8/11/25 7:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:45:34 AM ET
    $OTEX
    EDP Services
    Technology

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:44:11 AM ET
    $OTEX
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Open Text Corporation (Amendment)

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    2/14/24 4:15:39 PM ET
    $OTEX
    EDP Services
    Technology