---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-057950"
form_type: "8-K"
ticker: "CXW"
cik: "0001070985"
company_name: "CoreCivic, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:39:51.104671+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# CoreCivic adopts executive severance plan and amends bylaws effective December 14, 2023

## Summary
- Board adopted Executive Severance and Change in Control Plan effective Jan 1, 2024, providing severance benefits to CEO, CFO, and executive vice presidents.
- Termination without cause or resignation for good reason outside change-in-control period entitles executives to 12 months base salary continuation.
- If termination occurs within 180 days after a change in control, executives receive lump sum of 2.99 times base salary plus health continuation payments.
- Bylaws amended to remove requirement that stockholders own at least 1% for at least one year to submit binding proposals to alter bylaws.
- Severance benefits conditioned on execution of general release and compliance with confidentiality, non-competition, and non-disparagement covenants.

## SEC filing metadata
- accession: 0001140361-23-057950
- form_type: 8-K
- ticker: CXW
- cik: 0001070985
- company_name: CoreCivic, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070985/000114036123057950/0001140361-23-057950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070985/000114036123057950/ef20016779_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-057950
- JSON: https://secwatch.observer/filing/0001140361-23-057950.json
- Plain text: https://secwatch.observer/filing/0001140361-23-057950.txt

## Key facts
- Governance Changes
  CoreCivic, Inc.: Amended Article XII, Section 2 to remove the requirement that a stockholder or group own at least 1% of common stock continuously for at least one year to be eligible to submit a binding proposal to adopt, alter, or repeal any provision of the bylaws (effective 2023-12-14).
  - Change: bylaw amendment
  - Effective: 2023-12-14
  source text: The amendments remove the requirement that a stockholder or a group of stockholders own at least one percent or more of the Company’s common stock continuously for at least one year before the stockholder(s) are eligible to submit a binding proposal to adopt, alter, or repeal any provision of the bylaws.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070985/000114036123057950/0001140361-23-057950-index.htm

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