TTEC Files 8-K on Officer Changes, Compensation, and Reg FD

TL;DR

**TTEC just filed an 8-K about potential executive changes, compensation, and a Regulation FD disclosure.**

AI Summary

TTEC Holdings, Inc. (CIK: 0001013880) filed an 8-K on February 15, 2024, reporting events that occurred on February 12, 2024. The filing covers Item 5.02, pertaining to the departure, election, or appointment of certain officers and their compensatory arrangements. Additionally, it includes Item 7.01 for Regulation FD Disclosure and Item 9.01 for Financial Statements and Exhibits.

Why It Matters

This filing indicates potential shifts in TTEC's executive leadership or compensation structure, which can impact the company's strategic direction and operational performance. The Regulation FD disclosure suggests the company has shared material non-public information.

Risk Assessment

Risk Level: medium — Changes in executive personnel or compensation, along with a Regulation FD disclosure, can signal significant internal developments or material information, introducing a degree of uncertainty.

Key Players & Entities

• TTEC Holdings, Inc. (company) — registrant

FAQ

Key Financial Figures

• $0.01 — Common stock of TTEC Holdings, Inc., $0.01 par value per share TTEC NASDAQ Che
• $625,000 — ich Mr. Wagers will have base salary of $625,000; and will be eligible for (i) an annual
• $1,800,000 — nd (ii) an annual equity award equal to $1,800,000 in fair market value of TTEC stock at t
• $4,000,000, b — stock unit grant with a market value of $4,000,000, based on TTEC stock's fair market value a

Filing Documents

• tm246292d1_8k.htm (8-K) — 35KB
• tm246292d1_ex10-87.htm (EX-10.87) — 97KB
• tm246292d1_ex99-1.htm (EX-99.1) — 6KB
• tm246292d1_ex10-87img001.jpg (GRAPHIC) — 37KB
• tm246292d1_ex99-1img001.jpg (GRAPHIC) — 17KB
• tm246292d1_ex99-1img002.jpg (GRAPHIC) — 10KB
• 0001104659-24-024569.txt ( ) — 428KB
• ttec-20240212.xsd (EX-101.SCH) — 3KB
• ttec-20240212_lab.xml (EX-101.LAB) — 33KB
• ttec-20240212_pre.xml (EX-101.PRE) — 22KB
• tm246292d1_8k_htm.xml (XML) — 4KB

02. Departure of Directors or Certain Officers; Election of

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. Appointment of Kenneth R. Wagers, III as Chief Financial Officer On February 12, 2024, TTEC Holdings, Inc. ("TTEC" or the "Company") announced the appointment of Kenneth "Kenny" R. Wagers, III as Chief Financial Officer of the Company, effective March 1, 2024. Mr. Wagers, 52, brings to the role over 28 years of financial and operational experience with public and private companies. Prior to joining TTEC, Mr. Wagers, served as chief financial officer of Flexport, a global logistics and freight forwarding business from 2021 to 2023; as chief financial officer of FleetPride, a retailer of parts for heavy-duty trucks and trailers, between 2019 and 2021; and as chief operating officer of XPO Logistics, a global provider of supply chain solutions, between 2018 and 2019. In 2020, Mr. Wagers joined the board of directors of Snap One Holdings Corporation (NASDAQ:SNPO) where he currently serves on the Audit and Risk Management committee, which he chaired between 2020 and 2022. Mr. Wagers holds a BA in Finance and an MBA from Georgia State University. In connection with his appointment, on February 12, 2024, the Company entered into an Employment Agreement with Mr. Wagers (the "Employment Agreement"), pursuant to which Mr. Wagers will have base salary of $625,000; and will be eligible for (i) an annual cash bonus equal to 100% of his then-current base salary, tied to his and the Company's annual performance goals; and (ii) an annual equity award equal to $1,800,000 in fair market value of TTEC stock at the time of the grant. Half of Mr. Wagers' equity grant will be time based with a multi-year (usually four-year) vesting schedule, and the other half will be tied to specific performance targets with a cliff vesting schedule at the end of a three-year performance measurement period, and an opportunity to overperform up

01 Regulation

Item 7.01 Regulation FD Disclosure. On February 15, 2024, TTEC Holdings, Inc. issued a press release announcing the appointment of Mr. Kenneth "Kenny" R. Wagers, III as its Chief Financial Officer, effective March 1, 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in this

01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of

Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits. The list of exhibits set forth on the Exhibit Index of this Current Report on Form 8K is incorporated herein by reference. EXHIBIT INDEX Exhibit No. Description 10.87 Executive Employment Agreement, dated as of February 12, 2024, by and among TTEC Services Corporation and Kenneth R. Wagers, III 99.1 Press release dated February 15, 2024 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: February 15, 2024 By: /s/ Margaret B. McLean Margaret B. McLean General Counsel & Chief Risk Officer

View Full Filing

View this 8-K filing on SEC EDGAR