Teradata Appoints Interim CFO, Reports Director Elections
Ticker: TDC · Form: 8-K · Filed: May 17, 2024 · CIK: 816761
| Field | Detail |
|---|---|
| Company | Teradata Corp /De/ (TDC) |
| Form Type | 8-K |
| Filed Date | May 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo, governance
Related Tickers: TDC
TL;DR
Teradata names new interim CFO, Steven Martens, replacing Mark Shaffer. Standard director elections also occurred.
AI Summary
On May 14, 2024, Teradata Corporation announced the appointment of Steven W. Martens as Interim Chief Financial Officer, succeeding Mark A. Shaffer. Martens, who previously served as Teradata's Senior Vice President, Corporate Controller, and Chief Accounting Officer, will receive an annual base salary of $375,000 and a target annual bonus of 75% of his base salary. The company also reported on the election of directors and the submission of matters to a vote of security holders.
Why It Matters
This filing indicates a change in Teradata's financial leadership, which could impact investor confidence and financial reporting going forward. The election of directors and shareholder votes are routine governance matters.
Risk Assessment
Risk Level: medium — Changes in key financial roles can introduce uncertainty, while routine governance matters are generally low risk.
Key Numbers
- $375,000 — Interim CFO Base Salary (Annual compensation for Steven W. Martens.)
- 75% — Interim CFO Bonus Target (Target annual bonus percentage for Steven W. Martens.)
Key Players & Entities
- Teradata Corporation (company) — Registrant
- Steven W. Martens (person) — Interim Chief Financial Officer
- Mark A. Shaffer (person) — Former Chief Financial Officer
- $375,000 (dollar_amount) — Interim CFO's annual base salary
- May 14, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the Interim Chief Financial Officer of Teradata Corporation?
Steven W. Martens has been appointed as the Interim Chief Financial Officer.
What is Steven W. Martens' annual base salary in his new role?
Steven W. Martens' annual base salary is $375,000.
Who did Steven W. Martens replace as CFO?
Steven W. Martens replaced Mark A. Shaffer.
What was the date of the earliest event reported in this filing?
The date of the earliest event reported is May 14, 2024.
What other items were reported in this 8-K filing besides the CFO appointment?
The filing also reported on the election of directors and the submission of matters to a vote of security holders.
Filing Stats: 867 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-05-17 12:23:33
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value TDC New York Stock Exchange
Filing Documents
- tdc-20240514.htm (8-K) — 35KB
- 0000816761-24-000129.txt ( ) — 158KB
- tdc-20240514.xsd (EX-101.SCH) — 2KB
- tdc-20240514_lab.xml (EX-101.LAB) — 21KB
- tdc-20240514_pre.xml (EX-101.PRE) — 12KB
- tdc-20240514_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. The Annual Meeting of Stockholders (the "Annual Meeting") of the Company was held on May 14, 2024. At the Annual Meeting, the holders of a total of 90,093,319 shares of the Company's common stock entitled to vote were present in person or represented by proxy, constituting approximate ly 92% of the total shares issued and outstanding and entitled to vote at the Annual Meeting. Stockholders voted on six matters: 1) a proposal to elect Lisa R. Bacus, Timothy C.K. Chou and John G. Schwarz as Class II directors; 2) an advisory (non-binding) vote on executive compensation (a "say-on-pay" vote); 3) a proposal to approve the Amended 2023 Plan; and 4) a proposal to ratify the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for 2024. The number of votes cast for or against, the number of abstentions, and the number of broker non-votes with respect to each matter required to be reported herein was certified by an independent inspector of elections, and are set forth below: 1. Election of (i) three Class II directors for three-year terms expiring at the 2027 Annual Meeting to hold office until their respective successors are duly elected and qualified. Class II Directors a. Lisa R. Bacus For: 77,531,179 Against: 2,767,598 Abstain: 678,069 Broker Non-Votes: 9,116,473 b. Timothy C.K. Chou For: 79,248,494 Against: 1,041,365 Abstain: 686,987 Broker Non-Votes: 9,116,473 c. John G. Schwarz For: 77,025,374 Against: 3,269,821 Abstain: 681,651 Broker Non-Votes: 9,116,473 2. An advisory (non-binding) vote on executive compensation ("say-on-pay"). For: 77,262,561 Against: 2,968,099 Abstain: 746,186 Broker Non-Votes: 9,116,473 3. The approval of the Amended 2023 Plan. For: 71,903,909 Against: 8,365,446 Abstain: 707,491 Broker Non-Votes: 9,116,473 4. Ratification of the appointment of PricewaterhouseCoopers LLP as the Company's inde
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 10.1 Teradata 2023 Stock Incentive Plan ( Amended and Restated on February 23, 2024) Incorporated herein by reference to Appendix A to Teradata Corporation's 2024 Proxy Statement on Schedule 14A dated March 26, 2024 (SEC File No. 001-33458) 104 Cover Page Interactive Data File (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 hereunto duly authorized. Teradata Corporation By: /s/ Margaret A. Treese Margaret A. Treese Chief Legal Officer and Secretary Dated: May 17, 2024