secwatch.observer — SEC 8-K summary
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Issuer:     CoreCivic, Inc. (CXW)
CIK:        0001070985
Form:       8-K
Filed at:   2026-09-25T20:05:15+00:00
Accession:  0001193125-26-402817
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

CoreCivic CEO Patrick Swindle resigns for health reasons; Lucibeth Mayberry named President and CEO
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- Swindle stepped down as President and CEO and resigned from the board effective Sept 24, 2026, citing stage four metastatic pancreatic cancer; he had been CEO since Jan 1, 2026.
- Lucibeth Mayberry, EVP and Chief Strategy Officer since May 2025, named President and CEO and appointed to the board effective Sept 24, 2026; base salary set at $900,000.
- Mayberry's short-term incentive target is 135% of base salary, prorated for 2026; she receives about $2.5M in RSUs in Q1 2027, 40% time-based and 60% performance-based over three years.
- Swindle becomes Special Advisor through Sept 24, 2028, getting $2,293,270 for FY2026 incentive and $8,059,609 for forfeited unvested equity, with salary stepping down to 50% after 12 months.
- Mayberry pledged to continue the current capital allocation strategy and operational focus, citing property sales announced earlier this year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070985/000119312526402817/0001193125-26-402817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070985/000119312526402817/d255504d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-402817

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