secwatch.observer — SEC 8-K summary
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Issuer:     Concentrix Corp (CNXC)
CIK:        0001803599
Form:       8-K
Filed at:   2026-07-24T21:18:26+00:00
Accession:  0001803599-26-000139
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Concentrix Amends Executive Severance Plan, Boosts Change-of-Control Payouts
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- Amended Plan provides Level 1A executives two times base salary plus target bonus upon change-of-control termination.
- Adds severance for non-change-of-control terminations: sum of base salary and target bonus for Level 1A.
- Includes 'best-net' Section 280G cut-back provision to minimize excise tax impact.
- COBRA premium reimbursement extended to 24 months for Level 1A and Level 1B participants.
- Plan effective July 23, 2026, replaces prior Change of Control Severance Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803599/000180359926000139/0001803599-26-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803599/000180359926000139/cnxc-20260723.htm
  HTML page:      https://secwatch.observer/filing/0001803599-26-000139

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