Business Context and Reporting Period
This Form 8-K filing by Conduent Inc. was submitted on May 30, 2019. The report discloses a corporate governance event regarding the appointment of a senior executive officer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The material change disclosed is the appointment of a new Chief Accounting Officer. Effective June 14, 2019, the Company appointed Mario A. Pompeo as Vice President and Chief Accounting Officer. Mr. Pompeo previously served as the Company's Vice President - Chief Audit Executive since August 2017.
Management Commentary and Compensation
- Role: Mr. Pompeo will oversee the Company's accounting matters.
- Background: Prior to Conduent, he was a partner at CohnReznick, LLP (2015-2017) and CFO of Stuart Weitzman, Inc. (2013-2015). He began his career at PricewaterhouseCoopers, LLP.
- Qualifications: He holds a Bachelor of Science in Accounting from The Pennsylvania State University and is a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA).
- Compensation: His base salary is set at $350,000. He will participate in the Performance Incentive Plan, the Long-Term Incentive Plan, and standard employee benefits, including severance and the Executive Change in Control Severance Plan.
Investor Verification Checklist
- Verify the effective date of the appointment (June 14, 2019) against internal governance calendars.
- Confirm the total compensation package details, specifically the $350,000 base salary and eligibility for long-term incentives.
- Review Mr. Pompeo's prior tenure as Chief Audit Executive to assess internal continuity.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial metrics.