Concentrix updates board after GBL stake change

Concentrix Corporation reported a change in its Board of Directors tied to ownership conditions in an Investor Rights Agreement related to its September 2023 Webhelp acquisition.

Rhea-AI Filing Summary

Concentrix Corporation reported a change in its Board of Directors tied to ownership conditions in an Investor Rights Agreement related to its September 2023 Webhelp acquisition. Groupe Bruxelles Lambert SA (GBL) previously had the right to nominate one director as long as it beneficially owned at least 50% of the Concentrix shares issued to it in that deal.

On April 29, 2026, GBL entered into a transaction that reduced its beneficial ownership below this Board Nomination Threshold. As a result, GBL’s nominee, Bilge Ogut, resigned from the Concentrix Board and its committees, effective immediately.

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

Board Nomination Threshold: 50% of issued shares Resignation effective date: April 29, 2026 Filing signature date: May 1, 2026

3 metrics

Board Nomination Threshold 50% of issued shares Beneficial ownership of Concentrix shares issued to GBL in September 2023 Webhelp acquisition

Resignation effective date April 29, 2026 Effective date of Bilge Ogut’s resignation from Concentrix Board

Filing signature date May 1, 2026 Date Concentrix authorized the report via Executive Vice President, Legal

Key Terms

Investor Rights Agreement, beneficial ownership, Board Nomination Threshold, Inline XBRL

4 terms

Investor Rights Agreement financial

"Under the terms of the Investor Rights Agreement, dated as of March 29, 2023"

A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

beneficial ownership financial

"GBL entered into a transaction that reduced its beneficial ownership of the Company’s common stock"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Board Nomination Threshold financial

"such ownership threshold, the “Board Nomination Threshold”"

Inline XBRL technical

"Cover Page Interactive Data File (embedded within the Inline XBRL document)"

Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Concentrix (CNXC) disclose on April 29, 2026?

Concentrix disclosed that director Bilge Ogut resigned from its Board and committees, effective immediately. The resignation followed a change in ownership by Groupe Bruxelles Lambert SA, which triggered provisions in an existing Investor Rights Agreement.

Why did Bilge Ogut resign from the Concentrix (CNXC) Board?

Ogut resigned because Groupe Bruxelles Lambert SA (GBL), which nominated her, reduced its beneficial ownership of Concentrix stock below a specified threshold. Under the Investor Rights Agreement, that loss of ownership level ended GBL’s right to a Board nominee.

What is the Board Nomination Threshold mentioned by Concentrix (CNXC)?

The Board Nomination Threshold is the level of beneficial ownership GBL had to maintain to nominate one Concentrix director. It was set at 50% of the Concentrix common shares issued to GBL in connection with the September 2023 acquisition of the Webhelp business.

How is Concentrix’s (CNXC) Webhelp acquisition connected to this board change?

In the Webhelp acquisition, Concentrix issued shares to GBL and entered an Investor Rights Agreement. That agreement gave GBL a Board seat while it held at least 50% of those shares, directly linking the ownership level to the director nomination right.

Did Concentrix (CNXC) describe any other changes besides the director resignation?

The disclosure focused on GBL’s ownership reduction below the Board Nomination Threshold and the resulting resignation of director Bilge Ogut. The company also listed a cover page Inline XBRL data file as an exhibit but did not describe additional operational changes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/01/2026 - 05:25 PM EDT Learn about SEC filing dates

0001803599FALSE00018035992026-04-292026-04-29

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): April 29, 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

Under the terms of the Investor Rights Agreement, dated as of March 29, 2023 (the “Investor Rights Agreement”), by and among Concentrix Corporation (the “Company”) and certain former stockholders of Marnix Lux SA, a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg and the former parent company of the Webhelp business, Groupe Bruxelles Lambert SA, a public limited liability company (société anonyme) incorporated under the laws of Belgium (together with its affiliates, “GBL”) had the right to nominate one director to the Company’s Board of Directors (the “Board”) for so long as GBL beneficially owned at least 50% of the shares of the Company’s common stock issued to GBL in connection with the Company’s September 2023 acquisition of the Webhelp business (such ownership threshold, the “Board Nomination Threshold”).

On April 29, 2026, GBL entered into a transaction that reduced its beneficial ownership of the Company’s common stock below the Board Nomination Threshold. As a result, pursuant to the terms of the Investor Rights Agreement, Bilge Ogut resigned from the Board, including any committees thereof, effective immediately.

Item 9.01    Financial Statements and Exhibits.

Exhibit No.						Description
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: May 1, 2026			CONCENTRIX CORPORATION
			By:			/s/ Jane C. Fogarty
						Jane C. Fogarty Executive Vice President, Legal

Filing Exhibits & Attachments

3 documents

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