Tech investor Adam Demuyakor joins Conduent (NASDAQ: CNDT) board
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Conduent Incorporated is adding technology investor Adam Demuyakor to its Board of Directors, effective June 1, 2026. He will serve on the Compensation, Risk Oversight, and Corporate Governance Committees and receive standard non-employee director compensation as outlined in the company’s April 3, 2026 proxy statement.
Demuyakor is Founder and Managing Partner of Wilshire Lane Capital and has experience in generative AI, enterprise software, fintech, and infrastructure platforms, as well as governance roles such as Vice Chairman of the Housing Authority of the City of Los Angeles. Conduent highlights its scale, including approximately 48,000 associates, about $80 billion in government payments disbursed annually, roughly 2.0 billion customer service interactions each year, and over 14 million tolling transactions processed daily.
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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
Board appointment effective date: June 1, 2026
Global associates: Approximately 48,000 associates
Government payments processed: Approximately $80 billion annually
+3 more
6 metrics
Board appointment effective date
June 1, 2026
Effective date of Adam Demuyakor joining Conduent’s Board
Global associates
Approximately 48,000 associates
Company workforce scale noted in about section
Government payments processed
Approximately $80 billion annually
Government payments disbursed each year
Customer service interactions
Approximately 2.0 billion annually
Customer service interactions enabled per year
Tolling transactions
Over 14 million per day
Tolling transactions processed daily
Press release date
May 20, 2026
Date of press release announcing board appointment
Key Terms
Regulation FD Disclosure, corporate governance, generative AI, venture capital, +1 more
5 terms
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure. On May 20, 2026, the Company issued a press release"
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.
corporate governance financial
"will serve on the Compensation, Risk Oversight, and Corporate Governance Committees of the Board"
Corporate governance is the system of rules, roles and oversight that determines how a company is directed and controlled, including the responsibilities of its board, executives and shareholders. Like the steering wheel and map for a car trip, it shapes decisions, sets checks on power and defines who can hold leaders accountable; strong governance reduces risk, builds trust and helps investors judge whether a company is likely to protect capital and deliver reliable returns.
generative AI technical
"has led investments across generative AI applications, enterprise software, financial technology, and infrastructure platforms"
Generative AI is a type of computer technology that can create new content, like text, images, or music, on its own. It’s important because it can produce realistic and useful material quickly, which could change how we create art, write stories, or even develop new products. Think of it as a smart robot that can invent and produce things almost like a human.
venture capital financial
"Founder and Managing Partner of Wilshire Lane Capital, a venture capital firm focused on high-growth, technology-enabled businesses"
Venture capital is money provided by specialized investors to young, high-growth companies in exchange for ownership stakes and often a role in shaping strategy — like planting seeds and helping them grow into trees. It matters to investors because venture funding can rapidly boost a startup’s resources, valuation and chances of success, but it also brings high risk and limited liquidity, affecting future returns and how shares behave at exits such as sales or public offerings.
Item 404(a) of Regulation S-K regulatory
"there are no transactions between Mr. Demuyakor and the Company that would be reportable under Item 404(a) of Regulation S-K"
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): May 14, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| (Address of principal executive offices) (Zip Code) | ||||||||
Registrant’s telephone number, including area code: (844 ) 663-2638
Not Applicable
(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 (see General Instruction A.2. below):
| 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 (CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR 240.12b-2).
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 May 14, 2026, the board of directors (the “Board”) of Conduent Incorporated (the “Company”) elected Adam Demuyakor, Founder and Managing Partner of Wilshire Lane Capital, to the Board, effective June 1, 2026. Mr. Demuyakor will serve on the Compensation, Risk Oversight, and Corporate Governance Committees of the Board.
Mr. Demuyakor will receive the standard director compensation that the Company provides to its non-employee directors (on a pro rata basis for fiscal year 2026) as described in the “Annual Director Compensation” section of the Company’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 3, 2026. As of the date hereof, there are no transactions between Mr. Demuyakor and the Company that would be reportable under Item 404(a) of Regulation S-K. There is no arrangement or understanding between Mr. Demuyakor and any other person relating to the selection of Mr. Demuyakor as a director of the Company.
Item 7.01. Regulation FD Disclosure.
On May 20, 2026, the Company issued a press release announcing the election of Mr. Demuyakor to the Board, a copy of which is furnished as Exhibit 99.1 hereto.
The information contained in Item 7.01, including Exhibit 99.1, will not be deemed “filed” for purposes of Section 18 of the Exchange Act of 1934, as amended (the Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1934, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such a filing.
Item 9.01. Regulation FD Disclosure.
(d) Exhibits.
| Exhibit No. | Description | |||||||
99.1 | Press Release dated May 20, 2026 (furnished pursuant to Item 7.01). | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this report to be signed on its behalf by the undersigned duly authorized.
Date: May 20, 2026
| CONDUENT INCORPORATED | ||||||||||||||
| By: | /s/ MICHAEL FISHERMAN | |||||||||||||
| Michael Fisherman | ||||||||||||||
| Assistant Secretary | ||||||||||||||
Exhibit 99.1
News from Conduent
| Conduent Incorporated 100 Campus Drive Florham Park, N.J. 07932 www.Conduent.com | ||
Conduent Appoints Adam Demuyakor to Board of Directors
Technology Investor and Digital Transformation Leader Brings Deep Expertise in AI, Innovation and Enterprise Technology Strategy
FLORHAM PARK, N.J., May 20, 2026 — Conduent Incorporated (Nasdaq: CNDT), a global technology-driven business solutions and services company, today announced the appointment of Adam Demuyakor to its Board of Directors, effective June 1, 2026. Mr. Demuyakor brings experience in technology, strategic investing, and business transformation, with a track record of advising organizations on innovation, enterprise modernization, and growth.
Mr. Demuyakor is Founder and Managing Partner of Wilshire Lane Capital, a venture capital firm focused on high-growth, technology-enabled businesses, and transformative technologies. In this role, he advises corporate partners on business modernization initiatives and has led investments across generative AI applications, enterprise software, financial technology, and infrastructure platforms.
In addition to his role at Wilshire Lane Capital, Mr. Demuyakor serves as Vice Chairman of the Housing Authority of the City of Los Angeles, the second-largest public housing authority in the United States, and he brings direct governance experience with complex governmental enterprises. Prior to founding Wilshire Lane Capital, he also held investment and advisory roles at Andreessen Horowitz, The Carlyle Group, and Morgan Stanley. Mr. Demuyakor holds a bachelor’s degree, with high honors, from Harvard College and an MBA from Harvard Business School.
“A key priority for our Board is ensuring we continue to broaden the range of skills, experiences, and perspectives represented around the table,” said Margarita Paláu-Hernández, Chair of the Board, Conduent Incorporated. “Adam’s background expands the breadth of expertise represented on our Board and enhances the diversity of thought that supports effective governance and long-term value creation.”
“Adam brings valuable experience at the intersection of technology, investment, and business transformation that will complement the capabilities of our Board,” said Harsha V. Agadi, Chief Executive Officer of Conduent. “His perspective on innovation, enterprise modernization, and AI-enabled technologies will support Conduent as we continue strengthening how we operate, advancing our technology agenda, and delivering strong outcomes for clients, associates, and shareholders.”
“I am honored to join Conduent’s Board at an important time in the company’s transformation,” said Mr. Demuyakor. “Conduent’s focus on operational excellence, client service, and technology-enabled solutions creates a strong foundation for future growth. I look forward to working with the Board and leadership team to help support the company’s long-term strategy and continued transformation.”
Exhibit 99.1
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About Conduent
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 48,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 14 million tolling transactions every day. Learn more at www.conduent.com.
Conduent delivers digital business solutions and services spanning the commercial, government and transportation spectrum – creating valuable outcomes for its clients and the millions of people who count on them. The Company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions. Through a dedicated global team of approximately 48,000 associates, process expertise and advanced technologies, Conduent’s solutions and services digitally transform its clients’ operations to enhance customer experiences, improve performance, increase efficiencies and reduce costs. Conduent adds momentum to its clients’ missions in many ways including disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, empowering millions of employees through HR services every year and processing over 14 million tolling transactions every day. Learn more at www.conduent.com.
Media Contact:
Remy Kaul, remy.kaul@conduent.com
Investor Relations Contact:
Conduent, ir@conduent.com
Note: To receive RSS news feeds, visit www.news.conduent.com. For open commentary, industry perspectives and views, https://x.com/Conduent, http://www.linkedin.com/company/Conduent or http://www.facebook.com/Conduent.
Trademarks
Conduent is a trademark of Conduent Incorporated in the United States and/or other countries. Other names may be trademarks of their respective owners.
FAQ
What board change did Conduent (CNDT) announce in this 8-K?
Conduent appointed Adam Demuyakor to its Board of Directors, effective June 1, 2026. He will serve on the Compensation, Risk Oversight, and Corporate Governance Committees and receive standard non-employee director compensation as described in Conduent’s April 3, 2026 proxy statement.
Who is Adam Demuyakor, the new Conduent (CNDT) board member?
Adam Demuyakor is Founder and Managing Partner of Wilshire Lane Capital. He has experience in generative AI, enterprise software, fintech, and infrastructure platforms, and previously held roles at Andreessen Horowitz, The Carlyle Group, and Morgan Stanley, plus governance experience in public housing.
When does Adam Demuyakor’s appointment to Conduent’s (CNDT) board become effective?
Adam Demuyakor’s appointment becomes effective June 1, 2026. Conduent’s board elected him on May 14, 2026, and later issued a press release on May 20, 2026, confirming his start date and committee assignments on the Board of Directors.
How large is Conduent’s (CNDT) operations according to this filing?
Conduent reports a global team of approximately 48,000 associates. The company disburses about $80 billion in government payments annually, enables roughly 2.0 billion customer service interactions per year, and processes over 14 million tolling transactions daily across its digital business solutions.
What technologies does Conduent (CNDT) emphasize in its business model?
Conduent emphasizes cloud computing, artificial intelligence, machine learning, automation, and advanced analytics. These technologies support its mission-critical digital business solutions across commercial, government, and transportation sectors, aiming to enhance client experiences, improve performance, increase efficiencies, and reduce costs.