---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-163101"
form_type: "8-K"
ticker: "CNDT"
cik: "0001677703"
company_name: "CONDUENT Inc"
filed_at: "2022-05-31T23:59:59+00:00"
generated_at: "2026-06-25T05:56:17.050802+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-163101
- form_type: 8-K
- ticker: CNDT
- cik: 0001677703
- company_name: CONDUENT Inc
- filed_at: 2022-05-31T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677703/000119312522163101/0001193125-22-163101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677703/000119312522163101/d337663d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-163101
- JSON: https://secwatch.observer/filing/0001193125-22-163101.json
- Plain text: https://secwatch.observer/filing/0001193125-22-163101.txt

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