secwatch.observer — SEC 8-K summary
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Issuer:     TERADATA CORP /DE/ (TDC)
CIK:        0000816761
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0000816761-25-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Teradata promotes Michael Hutchinson to newly created COO role effective Feb 24, 2025
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- Michael Hutchinson named Chief Operating Officer, effective February 24, 2025; previously Chief Customer Officer since Jan 2022.
- He will receive annual base salary of $458,300 and cash incentive target of 100% of base salary.
- Equity awards: $2.25M service-based RSUs vesting over three years, plus $2.25M performance-based RSUs over three-year period.
- He remains a participant in the Change in Control Severance Plan and Executive Severance Plan (Level I).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/816761/000081676125000032/0000816761-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/816761/000081676125000032/tdc-20250221.htm
  HTML page:      https://secwatch.observer/filing/0000816761-25-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer