secwatch.observer — SEC 8-K summary
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Issuer:     TERADATA CORP /DE/ (TDC)
CIK:        0000816761
Form:       8-K
Filed at:   2026-02-23T23:59:59+00:00
Accession:  0001628280-26-010578
Event type: litigation
Sentiment:  positive
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Teradata settles litigation with SAP, to receive $480M gross payment
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- Settlement resolves all past and pending litigation between Teradata and SAP.
- Gross payment of $480M from SAP due within 60 days of February 19, 2026.
- Net cash benefit after fees and expenses estimated at $355-$362M before taxes.
- Parties to request dismissal of all claims with prejudice upon receipt.
- Use of net proceeds to be updated on Teradata's Q1 2026 earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/816761/000162828026010578/0001628280-26-010578-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/816761/000162828026010578/tdc-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-010578

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