{"url_path":"/sec/otex/8-k/2026-01-29/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-01-29","source_url":"https://www.sec.gov/Archives/edgar/data/1002638/0001002638-26-000008-index.html","accession_number":"0001002638-26-000008","cik":"0001002638","ticker":"OTEX","issuer_name":"OPEN TEXT CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1002638/0001002638-26-000008-index.html","primary_entity_key":"0001002638","primary_entity_name":"OPEN TEXT CORP"},"word_count":366,"has_tables":true,"body_markdown":"Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nOn January 29, 2026, Open Text Corporation (“OpenText” or the “Company”) announced the appointment of Ayman Antoun as Chief Executive Officer and a member of the Board of Directors (the “Board”) of the Company, effective April 20, 2026. Mr. Antoun succeeds James McGourlay, who continues to serve as Interim Chief Executive Officer, following a thoughtful search process. Upon the transition, Mr. McGourlay will move to a role within the Executive Leadership Team at OpenText and P. Thomas Jenkins, currently serving as OpenText’s Executive Chair and Chief Strategy Officer, will return to the role of Chair of the Board.\n\nMr. Antoun, age 60, has held numerous executive roles over 35 years at IBM, most recently serving as President of IBM Americas from 2020 to 2023, and before that as President of IBM Canada and General Manager, Global Technology Services. He was also Senior Vice President of Business Market Sales at Bell Canada from 2013 to 2015. Mr. Antoun currently serves as a board member of TD Bank and CAE. He holds a Bachelor of Science in Electrical Engineering from the University of Waterloo and is a graduate of the Harvard Business School’s Executive program in financial analysis, business management and strategic planning.\n\nIn connection with Mr. Antoun’s appointment as Chief Executive Officer, the Company entered into an employment agreement with Mr. Antoun effective April 20, 2026. For full details of the employment agreement, please see Exhibit 10.1 attached hereto, which is incorporated herein by reference.\n\nThere is no arrangement or understanding between Mr. Antoun and any other person pursuant to which he was appointed, and there are no family relationships between Mr. Antoun and any director or executive officer of the Company or related transactions between Mr. Antoun and the Company that are required to be reported. Mr. Antoun will not receive any additional compensation for his service as a member of the Board and will not be appointed to any committees of the Board.\n\nOn January 29, 2026, OpenText issued a press release announcing such appointment, a copy of which is filed herewith as Exhibit 99.1."}