secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001177394-24-000067
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000117739424000067/0001177394-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000117739424000067/snx-20240709.htm
  HTML page:      https://secwatch.observer/filing/0001177394-24-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer