TD SYNNEX CEO retirement and President Americas resignation; compensation adjustments disclosed

TD SYNNEX CORP

CEO Richard Hume retiring Sept 1, 2024; gets prorated FY2024 MIP bonus ~$1.897M, special bonus $1.5M, full equity vesting, stock option exercise extended to 3 years.
President Americas Michael Urban resigned July 1, 2024; receives prorated MIP bonus ~$704K, 24-month salary continuation, $27K lump sum, equity acceleration, 18-month health benefits.
Urban's severance includes 24-month US non-compete and 12-month non-solicitation covenants; agreement filed as Exhibit 10.1.
Hume remains on Board; Patrick Zammit becomes President and CEO effective Sept 1, 2024 as previously announced.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Michael Urban

President, Americas

SNX · TD SYNNEX CORP

Effective: 2024-07-01
Filed: July 15, 2024, 7:59 PM ET

Michael Urban, the Company's former President, Americas, decided that he would resign from the Company effective July 1, 2024.

Departed

Richard Hume

President and Chief Executive Officer

SNX · TD SYNNEX CORP

Effective: 2024-09-01
Successor: Patrick Zammit
Filed: July 15, 2024, 7:59 PM ET

Richard Hume, the Company’s current President and Chief Executive Officer, will retire from the Company but remain on the Company’s Board of Directors.

Appointed

Patrick Zammit

President and Chief Executive Officer

SNX · TD SYNNEX CORP

Effective: 2024-09-01
Filed: July 15, 2024, 7:59 PM ET

effective September 1, 2024, Patrick Zammit, the Company’s Executive Vice President, Chief Operating Officer, will be appointed President and Chief Executive Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Urban resigned as President, Americas at TD SYNNEX CORP.

Action: resigned
Role: President, Americas

Exact text from the filing

Michael Urban, the Company's former President, Americas, decided that he would resign from the Company effective July 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Hume retired as President and Chief Executive Officer at TD SYNNEX CORP.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Richard Hume, the Company’s current President and Chief Executive Officer, will retire from the Company but remain on the Company’s Board of Directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Zammit was appointed as President and Chief Executive Officer at TD SYNNEX CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

effective September 1, 2024, Patrick Zammit, the Company’s Executive Vice President, Chief Operating Officer, will be appointed President and Chief Executive Officer

View on SEC.gov

TD SYNNEX CORP filing history →

Source: SEC EDGAR

accession 0001177394-24-000067

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