Court grants preliminary approval of derivative settlement; exec severance boosted; directors elected

CONDUENT Inc

Severance policy: salary severance increased from 26 to 52 weeks; health benefits extended; bonus eligibility reduced to 3 months.
Annual meeting: All 8 director nominees elected; PwC ratified as auditor; say-on-pay approved with 151.6M for.
Derivative settlement: Court granted preliminary approval; includes governance reforms and $2.2M attorneys' fees paid by insurer.
Litigation related to E-ZPass outages and oversight of 2018 IT transformation; no admission of liability.

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