Cognizant Announces Executive and Director Changes

Ticker: CTSH · Form: 8-K · Filed: 2024-07-11T00:00:00.000Z

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

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.

From the Filing

0001058290-24-000229.txt : 20240711 0001058290-24-000229.hdr.sgml : 20240711 20240711171256 ACCESSION NUMBER: 0001058290-24-000229 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240711 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20240711 DATE AS OF CHANGE: 20240711 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COGNIZANT TECHNOLOGY SOLUTIONS CORP CENTRAL INDEX KEY: 0001058290 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 133728359 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24429 FILM NUMBER: 241112664 BUSINESS ADDRESS: STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL. CITY: TEANECK STATE: NJ ZIP: 07666 BUSINESS PHONE: 2018010233 MAIL ADDRESS: STREET 1: 300 FRANK W. BURR BLVD., STE. 36, 6 FL. CITY: TEANECK STATE: NJ ZIP: 07666 8-K 1 ctsh-20240711.htm 8-K ctsh-20240711 0001058290 False 0001058290 2024-07-11 2024-07-11 UNITED STATES 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): July 11, 2024 Cognizant Technology Solutions Corporation (Exact Name of Registrant as Specified in Charter) Delaware 0-24429 13-3728359 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 300 Frank W. Burr Blvd. Teaneck , New Jersey 07666 (Address of Principal Executive Offices including Zip Code) ( 201 ) 801-0233 (Registrant’s telephone number, including area code) N/A (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ 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 Class A Common Stock, $0.01 par value per share CTSH The Nasdaq Stock Market LLC 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 Arrangements of Certain Officers. Appointment of New Director On July 11, 2024, the Board of Directors (the “Board”) of Cognizant Technology Solutions Corporation (the “Company”) increased the size of the Board to 13 directors and appointed Karima Silvent to the Board, effective immediately. Ms. Silvent will stand

View on Read The Filing