Concentrix updates executive severance terms

Concentrix Corporation adopted an Amended and Restated Executive Severance Plan effective July 23, 2026, replacing its prior Change of Control Severance Plan.

Rhea-AI Filing Summary

Concentrix Corporation adopted an Amended and Restated Executive Severance Plan effective July 23, 2026, replacing its prior Change of Control Severance Plan. The Board took this action after an annual review of executive compensation and input from an independent compensation consultant to align severance practices more closely with market practice.

For executive officers terminated without cause, disability, or death (including certain voluntary resignations for reduced salary or position or relocation) within two months before or 12 months after a change of control, severance shifts from 18–24 months of salary continuation based on the past three years’ compensation to a lump sum equal to two times base salary plus target bonus, less applicable withholding. The plan also introduces severance outside the change-of-control window equal to one times base salary plus target bonus, less withholding, and adds a “best-net” Section 280G cut-back provision.

8-K Event Classification

2 items: 5.02, 9.01

2 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 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Change-of-control protection start: two months before a change of control Change-of-control protection end: 12 months after a change of control Prior salary continuation period: 18 to 24 months +2 more

5 metrics

Change-of-control protection start two months before a change of control Qualifying terminations in this period trigger enhanced severance for executive officers

Change-of-control protection end 12 months after a change of control Qualifying terminations in this period receive change-of-control severance benefits

Prior salary continuation period 18 to 24 months Earlier plan provided 18–24 months of salary continuation based on years of service

New CoC cash severance multiple two times base salary and target bonus Paid in cash for qualifying terminations around a change of control, less withholding

Non-CoC severance multiple one times base salary and target bonus Paid for qualifying terminations outside the change-of-control window, less withholding

Key Terms

Amended and Restated Executive Severance Plan, Change of Control Severance Plan, target bonus, best-net Section 280G cut-back provision, +1 more

5 terms

Amended and Restated Executive Severance Plan financial

"the Board adopted an Amended and Restated Executive Severance Plan"

Change of Control Severance Plan financial

"to amend and replace the Company’s Change of Control Severance Plan"

target bonus financial

"an amount equal to two times the sum of the executive officer’s base salary and target bonus"

best-net Section 280G cut-back provision regulatory

"adds (ii) a “best-net” Section 280G cut-back provision"

severance program for executive officers financial

"to align the Company’s severance program for executive officers more closely with market practice"

FAQ

What change did Concentrix (CNXC) make to its executive severance plan?

Concentrix adopted an Amended and Restated Executive Severance Plan, replacing its prior Change of Control Severance Plan. The new plan updates cash severance formulas and adds benefits for terminations outside a change-of-control window, based on input from an independent compensation consultant.

How are Concentrix (CNXC) executives compensated if terminated around a change of control?

If an executive is terminated without cause, disability, or death within two months before or 12 months after a change of control, they receive cash severance equal to two times base salary plus target bonus, less applicable withholding, replacing the prior 18–24 months of salary continuation.

Does Concentrix (CNXC) now offer severance for terminations not tied to a change of control?

Yes. The Amended Plan adds severance for executive officers terminated outside the change-of-control window. In those cases, an eligible executive receives a lump sum equal to one times base salary plus target bonus, less applicable withholding, where previously such coverage was not described.

What is the protection window for enhanced severance at Concentrix (CNXC)?

The enhanced change-of-control severance applies when an executive is terminated for qualifying reasons within two months before or 12 months after a change of control. Certain voluntary terminations, such as reduced salary, diminished position, or relocation, are included in these qualifying reasons.

What is the Section 280G feature in Concentrix’s (CNXC) Amended Plan?

The Amended Plan includes a “best-net” Section 280G cut-back provision. This mechanism adjusts change-of-control payments, if necessary, so executives receive the better after-tax result between accepting a reduced payment or paying excise taxes on full parachute payments.

Why did Concentrix (CNXC) revise its executive severance program?

The Board updated the program following an annual review by the Compensation Committee and input from its independent compensation consultant. The stated goal is to align Concentrix’s executive severance program more closely with market practice while formalizing change-of-control and non-change-of-control benefits.

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Available on EDGAR 07/24/2026 - 05:18 PM Accepted by SEC EDGAR 07/24/2026 - 05:18 PM Learn about SEC filing dates

0001803599FALSE00018035992026-07-232026-07-23

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): July 23, 2026

CONCENTRIX CORPORATION

(Exact name of registrant as specified in its charter)

Delaware			001-39494			27-1605762
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification Number)

39899 Balentine Drive, Suite 235, Newark, California						94560
(Address of principal executive offices)						(Zip Code)

(800) 747-0583

(Registrant’s telephone number, including area code)

N/A

(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
Common Stock, par value $0.0001 per share			CNXC			The Nasdaq Stock Market LLC

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 July 23, 2026, the Board of Directors (the “Board”) of Concentrix Corporation (the “Company”) adopted an Amended and Restated Executive Severance Plan (the “Amended Plan”) to amend and replace the Company’s Change of Control Severance Plan. The Amended Plan was adopted following a regular, annual review of the Company’s executive compensation program by the Compensation Committee of the Board and based on input from the Compensation Committee’s independent compensation consultant to align the Company’s severance program for executive officers more closely with market practice.

In particular, the Amended Plan updates severance for an executive officer who is terminated for a reason other than cause, disability, or death within two months before or 12 months after a change of control (including a voluntary termination because of a reduction in salary or position or a relocation) from (x) salary continuation (based on the individual’s past three years’ compensation) for a period of 18 to 24 months based on years of service to (y) an amount equal to two times the sum of the executive officer’s base salary and target bonus, less applicable withholding. The Amended Plan also adds (i) severance for executive officers who are terminated for a reason other than cause, disability, or death, outside of two months before or 12 months after a change of control, in an amount equal to the sum of the executive officer’s base salary and target bonus, less applicable withholding, and (ii) a “best-net” Section 280G cut-back provision.

The foregoing summary of the Amended Plan is qualified in its entirety by reference to the full text of the Amended Plan, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits.

Exhibit No.						Description
10.1						Concentrix Corporation Amended and Restated Executive Severance Plan.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

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.

Date: July 24, 2026			CONCENTRIX CORPORATION
			By:			/s/ Jane C. Fogarty
						Jane C. Fogarty Executive Vice President, Legal

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EX-10.1 54.9 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB