Conduent Inc. Announces Board Changes and Officer Appointments
Ticker: CNDT · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1677703
Sentiment: neutral
Topics: board-changes, officer-appointments, governance
Related Tickers: CNDT
TL;DR
Conduent's board is shaking up: Deno out, Johnson and Deno (new) in. Expect strategic shifts.
AI Summary
Conduent Inc. announced on July 16, 2024, the departure of board member David M. Deno and the appointment of new directors, including Robert L. Johnson and David M. Deno, who will serve on the Audit Committee and Compensation Committee respectively. The company also announced the election of new officers and adjustments to compensatory arrangements.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy, governance, or operational focus.
Risk Assessment
Risk Level: medium — Board and officer changes can introduce uncertainty regarding future strategic direction and operational execution.
Key Players & Entities
- Conduent Inc. (company) — Registrant
- David M. Deno (person) — Departing Board Member and Newly Appointed Officer
- Robert L. Johnson (person) — Newly Appointed Director
- July 16, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Conduent Inc.'s board of directors?
David M. Deno has departed from Conduent Inc.'s board of directors as of July 16, 2024.
Who are the newly appointed directors at Conduent Inc.?
Robert L. Johnson and David M. Deno have been appointed as new directors at Conduent Inc.
What committees will the new directors serve on?
Robert L. Johnson will serve on the Audit Committee, and David M. Deno will serve on the Compensation Committee.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing is July 16, 2024.
What other items are covered in this 8-K filing besides director departures and appointments?
This 8-K filing also covers the election of certain officers and compensatory arrangements of certain officers.
Filing Stats: 447 words · 2 min read · ~1 pages · Grade level 14 · Accepted 2024-07-17 16:39:03
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value CNDT NASDAQ Global Select Mar
Filing Documents
- cndt-20240716.htm (8-K) — 23KB
- cndt-20240716_g1.jpg (GRAPHIC) — 3KB
- 0001677703-24-000102.txt ( ) — 155KB
- cndt-20240716.xsd (EX-101.SCH) — 2KB
- cndt-20240716_lab.xml (EX-101.LAB) — 22KB
- cndt-20240716_pre.xml (EX-101.PRE) — 13KB
- cndt-20240716_htm.xml (XML) — 3KB
02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On July 16, 2024, Randall King, the current Executive Vice President, Commercial Solutions of Conduent Incorporated (the "Company"), and a named executive officer in the Company's 2024 Proxy Statement, transitioned into a different non-executive role for the Company as Chief Client Officer; as a result, Mr. King will no longer be an executive officer of the Company or an officer for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this report to be signed on its behalf by the undersigned duly authorized. Date: July 17, 2024 CONDUENT INCORPORATED By: /s/ MICHAEL KRAWITZ Michael Krawitz Executive Vice President, General Counsel and Secretary