Rackspace Public Cloud President to Depart Sept 2026

Rackspace Technology, Inc. (RXT) reports that Mr. Dharmendra Kumar Sinha is expected to depart from his role as President, Public Cloud, effective on or about September 14, 2026.

Rhea-AI Filing Summary

Rackspace Technology, Inc. (RXT) reports that Mr. Dharmendra Kumar Sinha is expected to depart from his role as President, Public Cloud, effective on or about September 14, 2026. The company states that his departure does not result from any disagreement regarding operations, policies or practices.

Rackspace expects to enter into a separation agreement with Mr. Sinha, with terms anticipated to be consistent with his existing employment agreement, and to include customary releases and restrictive covenants. A copy of the final separation agreement is expected to be filed as an exhibit to the Form 10-Q for the period ending September 30, 2026.

Positive

• None.

Negative

• President, Public Cloud expected to depart by September 14, 2026, signaling leadership change in a key business area, although the company states the departure is not due to any disagreement on operations, policies or practices.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

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.

Key Figures

Expected departure date of President, Public Cloud: September 14, 2026 Form 10-Q period for filing separation agreement: Quarter ending September 30, 2026 Form type: Form 8-K

3 metrics

Expected departure date of President, Public Cloud September 14, 2026 Effective on or about this date for Dharmendra Kumar Sinha’s departure

Form 10-Q period for filing separation agreement Quarter ending September 30, 2026 Separation agreement expected to be filed as an exhibit to this report

Form type Form 8-K Current report disclosing executive departure under Item 5.02

Key Terms

separation agreement, restrictive covenants, emerging growth company

3 terms

separation agreement financial

"The Company expects to enter into a separation agreement with Mr. Sinha"

A separation agreement is a written contract that spells out the financial and legal terms when an employee and a company part ways, such as final pay, severance, continued benefits, confidentiality, and any release of claims. For investors, it matters because these agreements determine immediate costs, potential future liabilities, and whether departing staff are restricted from competing or disclosing information—factors that can affect a company’s cash flow, risk profile, and leadership continuity.

restrictive covenants legal

"The separation agreement is also expected to include customary releases and restrictive covenants"

Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.

emerging growth company regulatory

"405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

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

What executive change did Rackspace Technology (RXT) announce?

Rackspace Technology announced that Dharmendra Kumar Sinha is expected to depart from his role as President, Public Cloud, effective on or about September 14, 2026. The company states the departure is not due to any disagreement on operations, policies or practices.

When will Dharmendra Kumar Sinha leave Rackspace Technology (RXT)?

Dharmendra Kumar Sinha is expected to depart from Rackspace Technology on or about September 14, 2026. The company describes this as his departure from the position of President, Public Cloud.

Did Rackspace Technology (RXT) report any disagreement linked to Mr. Sinha’s departure?

Rackspace Technology states that Mr. Sinha’s departure is not the result of any disagreement with the company on matters relating to its operations, policies or practices.

Will Rackspace Technology (RXT) enter a separation agreement with Mr. Sinha?

Rackspace Technology expects to enter into a separation agreement with Mr. Sinha. The terms are being negotiated and are anticipated to be consistent with his employment agreement, and to include customary releases and restrictive covenants.

Where will details of Mr. Sinha’s separation agreement with Rackspace (RXT) be disclosed?

Rackspace Technology expects to attach a copy of the separation agreement as an exhibit to its Form 10-Q for the period ending September 30, 2026, which will provide the complete terms.

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

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Available on EDGAR 08/24/2026 - 05:00 PM EDT Accepted by SEC EDGAR 08/24/2026 - 05:00 PM EDT Learn about SEC filing dates

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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 21, 2026

RACKSPACE TECHNOLOGY, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-39420

81-3369925

(State of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

19122 US Highway 281N, Suite 127

San Antonio, Texas 78258

(Address of principal executive offices, including zip code)

1-800-961-4454

(Registrant's telephone number, including area code)

(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 $0.01 per share

RXT

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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 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.

Mr. Dharmendra Kumar Sinha is expected to depart from his position as President, Public Cloud of Rackspace Technology, Inc., effective on or about September 14, 2026. Mr. Sinha's departure is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

The Company expects to enter into a separation agreement with Mr. Sinha, the terms of which are being negotiated and are anticipated to be consistent with the terms and conditions included in his employment agreement. The separation agreement is also expected to include customary releases and restrictive covenants.

The summary above is not complete and is qualified in its entirety by the separation agreement, a copy of which is expected be attached as an exhibit to the Company's Quarterly Report on Form 10-Q for the period ending September 30, 2026.

-2-

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 thereunto duly authorized.

RACKSPACE TECHNOLOGY, INC.

Date:

August 24, 2026

By:

/s/ Sarah Alexander

Sarah Alexander

Vice President, Deputy General Counsel & Assistant Secretary

-3-

Filing Exhibits & Attachments

3 documents

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