---
schema_version: "secwatch.filing_event.v1"
accession: "0001058290-23-000092"
form_type: "8-K"
ticker: "CTSH"
cik: "0001058290"
company_name: "COGNIZANT TECHNOLOGY SOLUTIONS CORP"
filed_at: "2023-03-06T23:59:59+00:00"
generated_at: "2026-06-18T11:05:30.791166+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001058290-23-000092
- form_type: 8-K
- ticker: CTSH
- cik: 0001058290
- company_name: COGNIZANT TECHNOLOGY SOLUTIONS CORP
- filed_at: 2023-03-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000092/0001058290-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000092/ctsh-20230306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058290-23-000092
- JSON: https://secwatch.observer/filing/0001058290-23-000092.json
- Plain text: https://secwatch.observer/filing/0001058290-23-000092.txt

## Key facts
- Executive change
  Maureen Breakiron-Evans departed as Director at COGNIZANT TECHNOLOGY SOLUTIONS CORP.
  - Action: will not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058290/000105829023000092/0001058290-23-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.