Conduent Inc. Announces Executive and Board Changes

TL;DR

Conduent's leadership team and board are seeing changes, effective August 23rd.

AI Summary

Conduent Inc. announced on August 23, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel.

Why It Matters

Changes in leadership and board composition can signal shifts in company strategy, operational focus, or financial direction.

Risk Assessment

Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

• Conduent Inc. (company) — Registrant
• August 23, 2024 (date) — Date of earliest event reported
• 100 Campus Drive, Suite 200, Florham Park, New Jersey 07932 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value CNDT NASDAQ Global Select Mar
• $325,000 — ing officer, Mr. Abate's salary will be $325,000 and he will continue to participate in

Filing Documents

• cndt-20240823.htm (8-K) — 24KB
• cndt-20240823_g1.jpg (GRAPHIC) — 3KB
• 0001677703-24-000120.txt ( ) — 157KB
• cndt-20240823.xsd (EX-101.SCH) — 2KB
• cndt-20240823_lab.xml (EX-101.LAB) — 22KB
• cndt-20240823_pre.xml (EX-101.PRE) — 13KB
• cndt-20240823_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 Effective August 23, 2024, the Board of Directors of Conduent Incorporated (the "Company") designated George Abate, the Company's current Vice President – Head of Accounting as its principal accounting officer. Mr. Abate will oversee the Company's accounting matters. Prior to Mr. Abate's promotion, Stephen Wood, the Company's Executive Vice President and Chief Financial Officer, effectively served as the Company's principal accounting officer. Mr. Wood will continue to serve as the Company's principal financial officer. Mr. Abate, age 62, has served in his current role as the Company's Vice President – Head of Accounting since August 2020 and prior to that in various accounting leadership roles of increasing responsibility since 2017. He began his accounting career in the Assurance Practice of KPMG, LLP. Mr. Abate holds a Bachelor of Science in Accounting from Fairfield University. In connection with the appointment as principal accounting officer, Mr. Abate's salary will be $325,000 and he will continue to participate in the Performance Incentive Plan and the Long-Term Incentive Plan. In addition, Mr. Abate will be eligible to participate in benefits as may be offered from time to time to other similarly situated employees. There is no arrangement or understanding between Mr. Abate and any other person relating to the designation of Mr. Abate as the principal accounting officer of the Company. Mr. Abate has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K. Neither Mr. Abate nor any immediate family member of Mr. Abate has been or is currently proposed to be a participant in any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K.

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: August 29, 2024 CONDUENT INCORPORATED By: /s/ MICHAEL KRAWITZ Michael Krawitz Executive Vice President, General Counsel and Secretary

View Full Filing

View this 8-K filing on SEC EDGAR