CDW Corporation (Nasdaq: CDW) details CFO Miralles’ planned 2027 retirement
Rhea-AI Filing Summary
CDW Corporation stated that Chief Financial Officer and Executive Vice President, Enterprise Business Operations, Albert J. Miralles informed the company on August 3, 2026 of his intention to retire in 2027 after an orderly transition. He will remain in his current role until a successor is appointed, then serve as Executive Advisor through March 31, 2028, focusing on Geared for Growth initiatives, investor relations support, M&A, and leadership development.
His current compensation will remain in place through March 31, 2027, including eligibility for a 2026 annual cash incentive and a prorated 2027 incentive. From April 1, 2027 to March 31, 2028, his annual base salary will be $60,000, with no annual cash incentive or participation in the 2027 or 2028 long-term incentive program. He will remain subject to his Compensation Protection Agreement through March 31, 2027, but without a Good Reason termination right, and severance eligibility under that agreement will cease on that date. The company and Miralles entered into a letter agreement on August 4, 2026, and outlined the transition in an August 5, 2026 press release.
Positive
- None.
Negative
- None.
Filing Explained
The CFO successor search is currently underway, while Albert J. Miralles is to remain CFO until a successor is appointed; the filing therefore leaves the leadership handoff pending.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Retirement date: March 31, 2027
Executive Advisor term end: March 31, 2028
Executive Advisor base salary: $60,000
+3 more
6 metrics
Retirement date
March 31, 2027
Planned end of full-time employment and retirement of CFO Albert J. Miralles
Executive Advisor term end
March 31, 2028
Planned conclusion of Miralles’s part-time Executive Advisor role
Executive Advisor base salary
$60,000
Annual base salary from April 1, 2027 through March 31, 2028
CPA coverage through
March 31, 2027
Date through which Miralles remains subject to his Compensation Protection Agreement
Letter agreement date
August 4, 2026
Date of the letter agreement between CDW and Albert J. Miralles
Press release date
August 5, 2026
Date CDW issued press release announcing the CFO transition
Key Terms
Compensation Protection Agreement, Good Reason, long-term incentive program, Regulation FD Disclosure, +1 more
5 terms
Compensation Protection Agreement financial
"Miralles will continue to be subject to his Compensation Protection Agreement"
Good Reason financial
"will no longer have a right to terminate employment due to Good Reason"
long-term incentive program financial
"will not be eligible to participate in the 2027 or 2028 long-term incentive program"
A long-term incentive program is a company plan that pays executives or employees rewards—often stock, options, or cash—only if the business hits performance goals over several years. It matters to investors because these payouts align managers’ interests with shareholders, encouraging decisions that boost sustained growth and share value rather than short-term gains; think of it as a multi-year bonus tied to measurable company outcomes.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure"
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Executive Advisor other
"will serve as Executive Advisor to the Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What executive transition did CDW (CDW) announce?
CDW announced that CFO Albert J. Miralles plans to retire in 2027 after an orderly transition. He will remain CFO until a successor is appointed and then serve as an Executive Advisor through March 31, 2028, supporting key growth and leadership priorities.
How long will Albert Miralles remain CFO at CDW (CDW)?
Albert J. Miralles will remain in his current CFO role until his successor is named. After the successor is appointed, he will transition into an Executive Advisor position and continue supporting CDW on a part-time basis through March 31, 2028.
What are the key dates in the CDW (CDW) CFO transition?
Miralles notified CDW of his retirement plans on August 3, 2026. His full-time employment and official retirement date are set for March 31, 2027, and he will then serve as Executive Advisor until March 31, 2028 under a separate compensation arrangement.
How will Albert Miralles be compensated in his Executive Advisor role at CDW (CDW)?
From April 1, 2027 through March 31, 2028, Miralles will receive an annual base salary of $60,000. During this Executive Advisor period he will not be eligible for an annual cash incentive award or for the 2027 and 2028 long-term incentive programs.
What happens to Albert Miralles’s Compensation Protection Agreement at CDW (CDW)?
Miralles remains subject to his Compensation Protection Agreement through March 31, 2027. He will no longer have a right to terminate employment for Good Reason, and as of March 31, 2027 he will cease to be eligible for severance benefits under that agreement.
What will Albert Miralles do as Executive Advisor at CDW (CDW)?
As Executive Advisor, Miralles will support priorities critical to accelerating CDW’s growth strategy. His focus areas include Geared for Growth initiatives, investor relations support, M&A activities, and leadership development and coaching through March 31, 2028.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 3, 2026
______________________________
(Exact name of registrant as specified in its charter)
_______________________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (847) 465-6000
None
(Former name or former address, if changed since last report)
_______________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 3, 2026, Albert J. Miralles, Chief Financial Officer and Executive Vice President, Enterprise Business Operations, informed CDW Corporation (the “Company”) of his intention to retire in 2027 following the completion of an orderly transition. Mr. Miralles and the Company have agreed that Mr. Miralles will remain in his current role until a successor is named to the Chief Financial Officer role and will then serve in an advisory capacity to ensure a smooth transition. Mr. Miralles will continue full-time employment with the Company through his March 31, 2027 retirement and then will continue to provide services to the Company on a part-time basis through March 31, 2028. From the date of appointment of a successor through March 31, 2028 (the “Executive Advisor Term”), Mr. Miralles will serve as Executive Advisor to the Company, supporting the priorities that are most critical to accelerating the Company’s growth strategy, with a particular focus in the areas of Geared for Growth initiatives, investor relations support, M&A, and leadership development and coaching. Mr. Miralles’s employment with the Company is expected to end at the conclusion of the Executive Advisor Term.
On August 4, 2026, the Company and Mr. Miralles entered into a letter agreement memorializing the terms of his continued service with the Company. Mr. Miralles’s current compensation levels will remain unchanged through March 31, 2027, and he will be eligible to earn an annual cash incentive award for fiscal year 2026 and an annual cash incentive award for fiscal year 2027 that will be prorated through March 31, 2027. For the period from April 1, 2027, through March 31, 2028, Mr. Miralles’s annual base salary will be $60,000 and he will not be eligible to earn an annual cash incentive award. Mr. Miralles will not be eligible to participate in the 2027 or 2028 long-term incentive program. Mr. Miralles will continue to be subject to his Compensation Protection Agreement (“CPA”) through March 31, 2027. In addition, Mr. Miralles will no longer have a right to terminate employment due to Good Reason (as defined in his CPA) under his CPA, and as of March 31, 2027, Mr. Miralles will cease to be eligible for severance benefits under his CPA. The foregoing is only a summary of the material terms of the letter agreement with Mr. Miralles and does not purport to be complete and is qualified in its entirety by reference to the letter agreement filed as Exhibit 10.1 hereto and incorporated by reference herein.
Item 7.01. Regulation FD Disclosure.
The Company issued a press release on August 5, 2026, announcing the transition described in Item 5.02, a copy of which is furnished hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description | |||||||
10.1 | Letter Agreement, dated August 4, 2026, by and between CDW Corporation and Albert J. Miralles. | |||||||
99.1 | Press release dated August 5, 2026, announcing CFO transition. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CDW CORPORATION | ||||||||||||||
| Date: | August 5, 2026 | By: | /s/ Frederick J. Kulevich | |||||||||||
| Frederick J. Kulevich | ||||||||||||||
| Chief Legal Officer, Executive Vice President, Risk and Compliance, and Corporate Secretary | ||||||||||||||
Exhibit 99.1
CDW Announces CFO Transition
Albert J. Miralles to retire in 2027 upon completion of a planned transition
VERNON HILLS, Ill., August 5, 2026 – CDW Corporation (Nasdaq: CDW) announced today that Albert J.
Miralles, chief financial officer, plans to retire in 2027 following the completion of an orderly transition. Mr. Miralles will remain in his current role until his successor is appointed and will then continue to serve in an advisory capacity to ensure a smooth transition. The search for a successor is currently underway.
“Al is an exceptional leader and colleague who has played an instrumental role in CDW’s transformation and in the development and execution of our growth strategy,” said Christine A. Leahy, chair and chief executive officer, CDW. “The teams he has led over the last five years have done remarkable work building a strong foundation for future growth. As he plans to retire in 2027 after an impactful 35-year career, I want to thank Al for his many contributions to our success, and we look forward to continuing to benefit from his expertise as we execute a seamless transition."
Mr. Miralles said: “It has been a privilege to serve as chief financial officer for CDW over the last five years. I’m proud of what our team has accomplished together and how CDW has continued to evolve – helping our customers achieve meaningful outcomes while transforming our own business and delivering growth and profitability for our shareholders. As I approach retirement, I am committed to supporting a smooth transition and ensuring the company is well positioned for continued success.”
About CDW
CDW Corporation (Nasdaq: CDW) is a leading multi-brand provider of information technology solutions to business, government, education, and healthcare customers in the United States, the United Kingdom, and Canada. CDW helps its customers to navigate an increasingly complex IT market and maximize return on their technology investments. For more information about CDW, please visit www.CDW.com.
Contacts
Investor Inquiries Steve O’Brien Senior Vice President, Investor Relations +1 (303) 378-8339 investorrelations@cdw.com | Media Inquiries Amy Sarosiek Senior Vice President, Chief Communications Officer +1 (847) 975-3014 mediarelations@cdw.com | ||||