TD SYNNEX CORP — Form 8-K
Filed July 16, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
TD SYNNEX updated the employment agreement for Chief Legal Officer David R. Vetter, effective July 10, 2026. Key terms: base salary $670,000/year; target annual bonus 100% of base salary; equity grant ~$1.5M annually (60% time-based RSAs, 40% performance-based RSUs); severance of 12 months salary continuation for involuntary termination, or 18-24 months for termination during change of control; 12-month non-solicitation of employees post-employment; liquidated damages up to $300,000 for failure to provide 60-day resignation notice.
Why this rating
Routine executive employment agreement. CLO comp (~$2.2M annual target including bonus and equity) is material to individual but immaterial to $8.7B company; standard severance and restrictive covenants for role; no change in business operations or strategy.
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