Cognizant adopts severance policy capping cash payouts at 2.99x; board committee reshuffled

COGNIZANT TECHNOLOGY SOLUTIONS CORP

New Senior Executive Cash Severance Policy caps cash severance at 2.99x base salary plus target bonus without stockholder approval.
Policy requires stockholder approval for any severance exceeding that limit; change-in-control severance tied to actual termination.
Eric Branderiz appointed to Audit and Compensation Committees; Nella Domenici to Finance/Strategy and Governance/Sustainability.
Michael Patsalos-Fox removed from Governance/Sustainability; Stephen Rohleder appointed; Vinita Bali moved from Finance/Strategy to Governance/Sustainability.
Maureen Breakiron-Evans will not stand for re-election at 2023 annual meeting.

item 5.02 item 9.01

Executive movements

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Departed

Maureen Breakiron-Evans

Director

CTSH · COGNIZANT TECHNOLOGY SOLUTIONS CORP

Filed: March 6, 2023, 6:59 PM ET

It also announced that Maureen Breakiron-Evans, who joined the Board in 2009, had informed the Board that she will not stand for re-election at Cognizant's 2023 Annual Meeting of Shareholders.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Maureen Breakiron-Evans departed as Director at COGNIZANT TECHNOLOGY SOLUTIONS CORP.

Action: will not stand for re-election
Role: Director

Exact text from the filing

It also announced that Maureen Breakiron-Evans, who joined the Board in 2009, had informed the Board that she will not stand for re-election at Cognizant's 2023 Annual Meeting of Shareholders.

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Source: SEC EDGAR

accession 0001058290-23-000092

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