Company: CNDT
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001677703-25-000075
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Company: CONDUENT Inc
Filing Date: 2025-05-07
Form: 8-K
Item: Item 5.02
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Item 5.02, Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

Departure of Chief Financial Officer and Appointment of Chief Financial Officer

On May 02, 2025, the Board of Directors (the “ Board”) of the Company appointed Giles Goodburn as Chief Financial Officer of the Company. Mr. Goodburn succeeds Stephen Wood, who departed the Company on May 2, 2025 concurrently with the appointment of Mr. Goodburn.

Biographical Background

Prior to his appointment as CFO, Mr. Goodburn, age 52, served as the Company’s Head of Investor Relations and Corporate FP& A from March 2020 until May 2025. Prior to joining the Company, from 2012 until 2020, Mr. Goodburn served as CFO of a business segment and Vice President, Finance and Operations at Travelers. Prior to that, Mr. Goodburn held various leadership positions at GE Capital from 2001 until 2012, including as CFO of various business segments. Mr. Goodburn is a Chartered Global Management Accountant and a graduate of Kingston University in the UK, as well as a graduate of the GE Experienced Finance Leadership Program.

There is no arrangement or understanding between Mr. Goodburn and any other person relating to his appointment as the Chief Financial Officer of the Company. Mr. Goodburn has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K. Neither Mr. Goodburn nor any immediate family member of Mr. Goodburn has been or is currently proposed to be a participant in any transaction that would be required to be reported pursuant to Item 404(a) of Regulation S-K.

Compensation Arrangements

Mr. Goodburn

In connection with the appointment as Chief Financial Officer, Mr. Goodburn’s salary will be $475,000 and he will be eligible to receive a target short-term incentive award of 75% of base salary, which will be prorated for 2025. Mr. Goodburn will also be eligible for (i) a one-time off-cycle long term incentive plan award valued at $280,000 which will be granted on or about June 1, 2025, and (ii) a regular cycle target long-term incentive equity award having a value of $700,000, starting in 2026. He will continue to participate in the Company’s Performance Incentive Plan and Long-Term In