TD SYNNEX CORP - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by TD SYNNEX Corporation on September 29, 2025, with the earliest event reported on that date. The filing addresses significant changes in executive leadership under Item 5.02.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on personnel changes and associated compensation arrangements.
Material Changes
- Departure: Marshall Witt resigned as Executive Vice President and Chief Financial Officer effective September 29, 2025, to assume a new role outside the organization. His departure was not caused by any dispute with the Company or Board.
- Appointment: David Jordan was appointed as the new Executive Vice President and Chief Financial Officer, effective October 2, 2025.
- Transition: Mr. Witt will remain employed as a non-executive employee until October 17, 2025.
Compensation and Management Commentary
In connection with his appointment, Mr. Jordan's compensation package includes:
- Base Salary: Increased to $650,000.
- Cash Incentive: Eligible for an annual bonus targeted at 100% of base salary, contingent on performance metrics.
- Equity Awards:
- Restricted Stock Awards (RSAs) with a fair market value of approximately $900,000, to be granted on October 15.
- Performance-Based Restricted Stock Units (PSUs) with a fair market value of approximately $600,000, typically granted in January.
Mr. Jordan, age 38, joined the Company in 2014 and previously served as Senior Vice President, Chief Financial Officer, Americas (since 2021) and Head of Investor Relations (since 2024).
Investor Verification Checklist
- Verify the official press release (Exhibit 99.1) for full details on the leadership transition.
- Confirm the exact grant dates for the $900,000 RSAs and $600,000 PSUs in future filings or proxy statements.
- Monitor upcoming earnings calls for commentary on the interim CFO period and strategic continuity.
- Check for any subsequent filings regarding Mr. Witt's final separation agreement or severance terms.