secwatch.observer — SEC 8-K summary
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Issuer:     Kyndryl Holdings, Inc. (KD)
CIK:        0001867072
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001104659-22-027351
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kyndryl adopts Annual Incentive Plan, sets exec cash bonus targets, amends severance plan
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- Target cash bonus for transition period (Jan-Mar 2022): 200% of base salary for CEO Schroeter and Group President Keinan; 125% for CFO Wyshner, GC Sebold, CHRO Charbonnier.
- Payout ranges 0%-200% of target based equally on revenue and Adjusted EBITDA, with +/-10% adjustment for backlog and advisory signings.
- Severance plan amended: 24-month base salary (Schroeter) and 18-month (others) payable in lump sum rather than salary continuation.
- Schroeter's health coverage continuation reduced from 24 to 18 months on covered termination.
- Annual meeting set for July 28, 2022; stockholder proposal deadline March 7, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1867072/000110465922027351/0001104659-22-027351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1867072/000110465922027351/tm227537d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-027351

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