TTEC Holdings Reports Executive Changes & Compensation Arrangements

TL;DR

**TTEC filed an 8-K on Jan 4, signaling executive changes or compensation shifts.**

AI Summary

TTEC Holdings, Inc. filed an 8-K on January 4, 2024, to report an event related to the departure or election of directors or officers and their compensatory arrangements. This filing indicates potential changes in the company's leadership or executive compensation structure. For investors, this matters because changes in leadership can signal strategic shifts or instability, while compensation adjustments can impact the company's financial health and executive incentives, potentially affecting stock performance.

Why It Matters

Changes in executive leadership or compensation can significantly influence a company's strategic direction and financial performance, directly impacting investor confidence and stock valuation.

Risk Assessment

Risk Level: medium — Changes in leadership or compensation can introduce uncertainty, which is a moderate risk for investors.

Analyst Insight

Investors should monitor TTEC's subsequent filings or press releases for specific details regarding the executive changes and compensation arrangements mentioned in this 8-K, as these details will clarify the potential impact on the company's future performance.

Key Players & Entities

• TTEC Holdings, Inc. (company) — the registrant filing the 8-K
• January 4, 2024 (date) — date of the earliest event reported
• Delaware (company) — state of incorporation for TTEC Holdings, Inc.
• 001-11919 (dollar_amount) — Commission file number for TTEC Holdings, Inc.
• 84-1291044 (dollar_amount) — IRS Employer Identification Number for TTEC Holdings, Inc.

Forward-Looking Statements

• TTEC Holdings, Inc. will announce specific executive personnel changes or new compensation packages within the next quarter. (TTEC Holdings, Inc.) — medium confidence, target: 2024-04-04

FAQ

Key Financial Figures

• $0.01 — Common stock of TTEC Holdings, Inc., $0.01 par value per share TTEC NASDAQ Ind

Filing Documents

• tm2333529d1_8k.htm (8-K) — 30KB
• tm2333529d1_ex10-82.htm (EX-10.82) — 211KB
• 0001104659-24-001821.txt ( ) — 452KB
• ttec-20240104.xsd (EX-101.SCH) — 3KB
• ttec-20240104_lab.xml (EX-101.LAB) — 33KB
• ttec-20240104_pre.xml (EX-101.PRE) — 22KB
• tm2333529d1_8k_htm.xml (XML) — 3KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 4, 2024 TTEC Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-11919 84-1291044 (State or other jurisdiction (Commission file (IRS Employer of incorporation) number) Identification Number) 6312 S. Fiddler's Green Circle , Suite 100N , Greenwood Village , CO 80111 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 303 - 397-8100 Not Applicable (Former name or former address if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock of TTEC Holdings, Inc., $0.01 par value per share TTEC NASDAQ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. As previously reported on a Form 8-K filed on October 3, 2023 , the Compensation Committee of the Board of Directors of TTEC Holdings, Inc. (the "Company" or "TTEC") approved an amendment to the Company's executive employment arrangements with Francois Bourret, TTEC's Chief Accounting Officer and interim Chief Financial Officer, effective as of September 27, 2023. On January 4, 2024 , the Company and Mr. Bourret entered into an agreement (the "Bourret Employment Agreement") memorializing the terms of Mr. Bourret's employment substantially as described in the Form 8-K filed on October 3, 2023 , which description is incorporated herein by reference. The previously reported terms of the Bourret Employment Agreement are qualified in their entirety by reference to the full text of the Bourret Employment Agreement, which is filed as Exhibit 10.82 to this report. Item 9.01. Financial Statements and Exhibits (d) Exhibits. EXHIBIT INDEX Exhibit No. Description 10.82 Employment Agreement for Francois Bourret, Chief Accounting Officer and interim Chief Financial Officer 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TTEC Holdings, Inc. (Registrant) Date: January 5, 2024 By: /s/ Margaret B. McLean Margaret B. McLean General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR