secwatch.observer — SEC 8-K summary
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Issuer:     CONDUENT Inc (CNDT)
CIK:        0001677703
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0001677703-25-000075
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Conduent Q1 adj. revenue $751M (-8.5% YoY), adj. EBITDA margin 4.9%; CFO replaced
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- GAAP net loss $51M ($0.33 diluted loss) vs $99M income YoY; pre-tax loss $56M.
- Adjusted EBITDA $37M (margin 4.9%), up from 4.4% a year ago; new business ACV $109M.
- CFO Stephen Wood departed May 2; replaced by Giles Goodburn (former Head of IR & FP&A).
- Goodburn receives $475K salary, 75% target bonus, $280K one-time LTIP, $700K regular LTIP in 2026.
- FY 2025 outlook: adj. revenue $3.1B–$3.25B; adj. EBITDA margin 4.5%–5.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1677703/000167770325000075/0001677703-25-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1677703/000167770325000075/cndt-20250502.htm
  HTML page:      https://secwatch.observer/filing/0001677703-25-000075

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