Concentrix Corp (CNXC) Form 8-K — Jul 24, 2026
Concentrix Corporation adopted an Amended and Restated Executive Severance Plan on July 23, 2026, replacing the prior Change of Control Severance Plan. The amendment was made following an annual review by the Compensation Committee to align the company's severance program more closely with market practice. The new plan provides executive officers (Level 1A Participants) with severance equal to two times their base salary and target bonus if terminated within a window around a change of control. It also introduces severance for executive officers terminated outside of a change of control period, equal to one times their base salary and target bonus.
Key figures
- Cobra reimbursement max
- 24 months
- Coc severance months level 2
- 12 months (up to 18 months based on tenure)
- Coc severance months level 3
- 3 months (up to 12 months based on tenure)
- Coc severance months level 1b
- 18 months (up to 24 months based on tenure)
- Board amendment vote threshold
- two-thirds
- Non coc severance exec officer
- 1x base salary + target bonus
- Coc severance multiplier exec officer
- 2x base salary + target bonus
Price after filing
Close on the filing date to close N calendar days later (from $22.25). Historical, not a forecast.
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