Cognizant Announces Executive and Director Changes
Ticker: CTSH · Form: 8-K · Filed: Jul 11, 2024 · CIK: 1058290
| Field | Detail |
|---|---|
| Company | Cognizant Technology Solutions Corp (CTSH) |
| Form Type | 8-K |
| Filed Date | Jul 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $89,863, $100,000, $197,698, $220,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, management
Related Tickers: CTSH
TL;DR
Cognizant shakes up exec team & board on July 11th.
AI Summary
Cognizant Technology Solutions Corporation announced on July 11, 2024, changes in its executive team. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key executives.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and operational direction.
Key Players & Entities
- Cognizant Technology Solutions Corporation (company) — Registrant
- July 11, 2024 (date) — Date of report
FAQ
What specific officer positions have seen changes at Cognizant?
The filing indicates the departure of certain officers and the appointment of new officers, but does not specify the exact positions in this summary.
When were the changes in directors and officers effective?
The earliest event reported is dated July 11, 2024.
Are there any details on new compensatory arrangements?
The filing mentions updates to compensatory arrangements of certain officers, but specific details are not provided in this summary.
What is Cognizant's principal executive office address?
Cognizant's principal executive offices are located at 300 Frank W. Burr Blvd., Teaneck, New Jersey 07666.
What is the SIC code for Cognizant Technology Solutions Corp?
The Standard Industrial Classification code for Cognizant is 7371, which corresponds to Services-Computer Programming Services.
Filing Stats: 1,013 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2024-07-11 17:12:56
Key Financial Figures
- $0.01 — hich registered Class A Common Stock, $0.01 par value per share CTSH The Nasdaq St
- $89,863 — Board as follows: A cash retainer of $89,863 (the pro-rated portion of the $100,000
- $100,000 — f $89,863 (the pro-rated portion of the $100,000 annual cash retainer amount paid to all
- $197,698 — estricted stock units equal in value to $197,698, as measured by the closing price of th
- $220,000 — rant being the pro-rated portion of the $220,000 in restricted stock units, based on fai
Filing Documents
- ctsh-20240711.htm (8-K) — 31KB
- ctsh-20240711_g1.jpg (GRAPHIC) — 49KB
- 0001058290-24-000229.txt ( ) — 275KB
- ctsh-20240711.xsd (EX-101.SCH) — 2KB
- ctsh-20240711_lab.xml (EX-101.LAB) — 21KB
- ctsh-20240711_pre.xml (EX-101.PRE) — 12KB
- ctsh-20240711_htm.xml (XML) — 3KB
SIGNATURES
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. COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION By: /s/ John Kim Name: John Kim Title: Executive Vice President, Chief Legal Officer, Chief Administrative Officer and Corporate Secretary Date: July 11, 2024