Teradata Appoints Interim CFO, Stock Grants
Ticker: TDC · Form: 8-K · Filed: Apr 5, 2024 · CIK: 816761
| Field | Detail |
|---|---|
| Company | Teradata Corp /De/ (TDC) |
| Form Type | 8-K |
| Filed Date | Apr 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, compensation, cfo
Related Tickers: TDC
TL;DR
Teradata names new interim CFO, McCalmont, with $400K salary & $1M stock grant.
AI Summary
Teradata Corporation announced on April 3, 2024, the appointment of Steven L. McCalmont as Interim Chief Financial Officer, succeeding Claire Bramley. McCalmont, who has been with Teradata since 2017, will receive an annual base salary of $400,000 and a target annual bonus of 75% of his base salary. He will also be granted restricted stock units valued at $1,000,000, vesting over three years.
Why It Matters
The appointment of an interim CFO and significant stock grants signal a transition period for Teradata's financial leadership, potentially impacting investor confidence and strategic financial decisions.
Risk Assessment
Risk Level: medium — Changes in key financial leadership roles can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $400,000 — Interim CFO Base Salary (Annual compensation for Steven L. McCalmont.)
- $1,000,000 — Interim CFO Stock Grant (Value of restricted stock units awarded to Steven L. McCalmont.)
- 75% — Interim CFO Bonus Target (Target annual bonus percentage for Steven L. McCalmont.)
Key Players & Entities
- Teradata Corporation (company) — Registrant
- Steven L. McCalmont (person) — Interim Chief Financial Officer
- Claire Bramley (person) — Former Chief Financial Officer
- $400,000 (dollar_amount) — Interim CFO's annual base salary
- $1,000,000 (dollar_amount) — Value of restricted stock units granted to Interim CFO
- April 3, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the Interim Chief Financial Officer of Teradata Corporation?
Steven L. McCalmont has been appointed as the Interim Chief Financial Officer of Teradata Corporation.
What is Steven L. McCalmont's annual base salary?
Steven L. McCalmont's annual base salary is $400,000.
What is the target annual bonus for the Interim CFO?
The target annual bonus for the Interim CFO, Steven L. McCalmont, is 75% of his base salary.
What is the value of the restricted stock units granted to the Interim CFO?
The restricted stock units granted to the Interim CFO are valued at $1,000,000.
When was the earliest event reported in this Form 8-K?
The earliest event reported in this Form 8-K was on April 3, 2024.
Filing Stats: 496 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-04-05 06:36:49
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TDC New York Stock Exchange
Filing Documents
- tdc-20240403.htm (8-K) — 27KB
- tdc040424croexhibit99.htm (EX-99) — 10KB
- picture1.jpg (GRAPHIC) — 45KB
- tdc-20240326_g2.jpg (GRAPHIC) — 18KB
- 0000816761-24-000089.txt ( ) — 249KB
- tdc-20240403.xsd (EX-101.SCH) — 2KB
- tdc-20240403_lab.xml (EX-101.LAB) — 21KB
- tdc-20240403_pre.xml (EX-101.PRE) — 12KB
- tdc-20240403_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: The following exhibits are attached with this current report on Form 8-K: Exhibit No. Description 99 Press Release for Appointment o f Richard Petley as the Company's Chief Revenue Officer . 104 Cover page Interactive Data (embedded within the Inline XBRL document). SIGNATURE 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 thereunto duly authorized. TERADATA CORPORATION Date: April 5, 2024 By: /s/ Margaret A. Treese Margaret A. Treese Chief Legal Officer and Secretary