Teradata (NYSE: TDC) appoints Bernd Leukert to board and governance committee
Rhea-AI Filing Summary
Teradata Corporation appointed Bernd Leukert to its Board of Directors as a Class II director, effective August 1, 2026, with a term expiring at the 2027 Annual Meeting of Stockholders. In connection with a Cooperation Agreement with Lynrock Lake-affiliated stockholders, the Board will expand from nine to ten directors and the number of Class II directors will increase from three to four.
Leukert will serve on the Board’s Nominating and Governance Committee and will receive compensation under the Teradata Director Compensation Program for non-employee directors. The Board determined he is independent under Teradata’s Corporate Governance Guidelines and New York Stock Exchange and SEC standards. Teradata highlights Leukert’s more than 30 years of experience in software, cloud, AI, data and financial services, including senior roles at Deutsche Bank and SAP and service on multiple global technology boards.
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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, and exhibit attachments filed with this report.
Key Figures
Board size after expansion: 10 directors
Class II directors after expansion: 4 directors
Effective date of appointment: August 1, 2026
+2 more
5 metrics
Board size after expansion
10 directors
Board expands from nine to ten directors effective August 1, 2026
Class II directors after expansion
4 directors
Class II of the Board expands from three to four directors effective August 1, 2026
Effective date of appointment
August 1, 2026
Bernd Leukert’s service on the Teradata Board begins on this date
Term expiration
2027 Annual Meeting of Stockholders
Leukert’s initial term as Class II director expires at this meeting
Professional experience
More than 30 years
Leukert’s experience across software engineering, digital transformation, cloud, AI, data and IT services
Key Terms
Cooperation Agreement, Class II director, Nominating and Governance Committee, Corporate Governance Guidelines, +1 more
5 terms
Cooperation Agreement regulatory
"it had entered into a Cooperation Agreement with Lynrock Lake Partners"
A cooperation agreement is a formal contract between two or more organizations that lays out who will do what, how resources and responsibility are shared, how benefits or costs are divided, and how disputes or exits are handled. Like two chefs agreeing on a shared recipe and kitchen duties, it matters to investors because it can create new revenue paths, shift costs or risks, affect who controls key assets or technologies, and change a company’s future growth prospects.
Class II director regulatory
"elected as a Class II director with a term expiring at the 2027 Annual Meeting"
A class II director is a member of a company’s board who belongs to one of several staggered groups of directors, each group standing for election in different years. For investors, this matters because staggered terms slow wholesale board turnover—like rotating members of a neighborhood committee—making sudden changes in control or strategy harder and affecting how quickly shareholders can influence corporate direction.
Nominating and Governance Committee regulatory
"appointed to serve as a member of Nominating and Governance Committee of the Board"
A nominating and governance committee is a group of board members tasked with choosing and evaluating directors, planning leadership succession, and setting the company’s board-related rules and ethical standards. Think of it as the company’s hiring and rule-making panel for its top overseers. Its work matters to investors because it shapes who governs the company, how leadership transitions are handled, and whether the board can effectively oversee management and protect shareholder interests.
Corporate Governance Guidelines regulatory
"The Board has determined that Mr. Leukert is independent under Teradata’s Corporate Governance Guidelines"
A company’s corporate governance guidelines are a set of written rules and practices that explain how its board and executives make decisions, oversee risks, and hold themselves accountable—think of them as the organization’s playbook for fair and responsible leadership. Investors care because these guidelines shape how transparent decision-making is, reduce the chance of surprises or conflicts, and influence long‑term stability and trust, much like house rules keep a household running smoothly.
non-employee director compensation financial
"will participate in the non-employee director compensation arrangements under the Teradata Director Compensation Program"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What board change did Teradata (TDC) announce regarding Bernd Leukert?
Teradata announced that Bernd Leukert joined its Board as a Class II director, effective August 1, 2026. His term runs until the 2027 Annual Meeting of Stockholders, and the overall Board size increases from nine to ten directors as part of a refreshment plan.
Who is Bernd Leukert and what is his role at Teradata (TDC)?
Bernd Leukert is a seasoned technology and financial services executive with over 30 years of experience. He has been appointed a Class II director on Teradata’s Board and will also serve on the Nominating and Governance Committee, contributing expertise in AI, data and enterprise software.
When does Bernd Leukert’s term on Teradata (TDC)’s Board expire?
Bernd Leukert’s term as a Teradata Class II director expires at the 2027 Annual Meeting of Stockholders. He joined the Board effective August 1, 2026, aligning his initial term with the company’s established classified Board structure and director election cycle.
How does the Cooperation Agreement affect Teradata (TDC)’s Board and Bernd Leukert’s appointment?
Under a Cooperation Agreement with Lynrock Lake–affiliated stockholders, Teradata expected to add a second new director by August 1, 2026. Bernd Leukert’s August 1, 2026 appointment as a Class II director fulfills this expectation and supports the Board’s ongoing refreshment plan.
Is Bernd Leukert considered an independent director at Teradata (TDC)?
Yes. Teradata’s Board determined that Bernd Leukert is independent under the company’s Corporate Governance Guidelines and the requirements of the New York Stock Exchange and the SEC. There are no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K.
Which Teradata (TDC) Board committee will Bernd Leukert join?
Bernd Leukert will serve on Teradata’s Nominating and Governance Committee. This committee oversees governance matters and Board composition, aligning with the Board’s refreshment efforts and leveraging Leukert’s experience across global technology organizations, digital transformation, AI and enterprise software.
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 30, 2026
TERADATA CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number 001-33458
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (866 ) 548-8348
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 (see General Instruction A.2 below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | 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.
As Teradata Corporation (“Teradata” or the "Company") announced on February 11, 2026, it had entered into a Cooperation Agreement (the “Cooperation Agreement”) with Lynrock Lake Partners LLC, Lynrock Lake LP, Lynrock Lake Master Fund LP and Cynthia Paul (collectively, the “Stockholder Parties”) and that it expected to elect a second director (the “Second New Director”) to the Board as a Class II director with an initial term expiring at the Company’s 2027 annual meeting of stockholders (the “2027 Annual Meeting”) by no later than August 1, 2026, as provided in the Cooperation Agreement.
On July 30, 2026, the Board of Directors (the “Board”) of Teradata approved the following, effective August 1, 2026 (the “Effective Date”):
•the size of the Board will expand from nine to ten directors and Class II of the Board will expand from three to four directors,
•Bernd Leukert is elected as a Class II director with a term expiring at the 2027 Annual Meeting, and
•Mr. Leukert is appointed to serve as a member of Nominating and Governance Committee of the Board.
The Board has determined that Mr. Leukert is independent under Teradata’s Corporate Governance Guidelines and the requirements of the New York Stock Exchange and Securities and Exchange Commission. Other than the Cooperation Agreement, there are no arrangements or understandings between Mr. Leukert and any other person pursuant to which he was selected as a director. There are no transactions involving Mr. Leukert that would be required to be reported under Item 404(a) of Regulation S-K.
Mr. Leukert will participate in the non-employee director compensation arrangements under the Teradata Director Compensation Program (the “Program”), as described in Teradata’s proxy statement for its 2026 annual meeting of stockholders, which was filed on March 26, 2026.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
The following exhibits are attached with this current report on Form 8-K:
| Exhibit No. | Description | |||||||
99.1 | Press Release, dated August 3, 2026, issued by the Company (Earnings Press Release). | |||||||
| 104 | Cover Page Interactive Data (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 thereunto duly authorized.
| TERADATA CORPORATION | |||||||||||||||||
| Date: August 3, 2026 | By: | /s/ Irving Gomez | |||||||||||||||
| Irving Gomez | |||||||||||||||||
| SVP, Global Head of Law and Corporate Secretary | |||||||||||||||||
Exhibit 99.1
INVESTOR CONTACT
Chad Bennett
chad.bennett@teradata.com
Chad Bennett
chad.bennett@teradata.com
MEDIA CONTACT
Jennifer Donahue
jennifer.donahue@teradata.com
Jennifer Donahue
jennifer.donahue@teradata.com
Teradata Appoints Bernd Leukert to Board of Directors
SAN DIEGO — August 3, 2026 — Teradata Corporation (NYSE: TDC) ("Teradata" or the "Company") today announced that Bernd Leukert has been appointed to its Board of Directors, effective August 1, 2026.
Mr. Leukert will serve as a Class II director with a term expiring at the 2027 Annual Meeting of Stockholders and will be appointed to the Board’s Nominating and Governance Committee. As previously announced as part of the Board’s ongoing refreshment plan, the Board will expand from nine to ten directors, and Class II directors will expand from three to four.
About Bernd Leukert
Mr. Leukert is a seasoned technology and financial services executive with more than 30 years of experience across software engineering, digital transformation, cloud, AI, data and innovation, and IT services. He currently serves on supervisory and customer advisory Boards of large global technology organizations, including Bertelsmann SE & Co. KGaA, BP p.l.c London, Lemongrass, Workday and Celonis.
During Mr. Leukert’s time as an executive, he was most recently at Deutsche Bank AG as the head of the bank’s global technology, data and innovation initiatives. He previously spent several decades at SAP as a member of its Executive Board, with global responsibility for SAP’s digital business services. Mr. Leukert holds a degree from Trinity College Dublin and a Master’s Degree in Business Administration with Technical Background from the University of Karlsruhe.
Quotes
“We are thrilled to welcome Bernd to the Teradata Board and leverage his global expertise in using data for innovation, AI transformation, and enterprise software. Identifying an individual of Bernd’s caliber with his technical and customer success track record has been a priority of our refreshment efforts, and his unique perspectives will be immediately additive. Having a successful career at several multi-billion-dollar global institutions, Bernd understands how to work with technology partners like us and how best to drive positive outcomes for our customers.”
-Mike Gianoni, Chairman of the Board
“Teradata has long been a well-known and highly respected enterprise software provider, and I look forward to joining the Board. The Company is on its front foot with new product innovations, particularly with its new Autonomous Knowledge Platform, and has tremendous runway ahead to grow its leadership position and continue delivering the solutions enterprise customers need.”
-Bernd Leukert
About Teradata
Teradata empowers enterprises to turn intelligence into autonomous action, grounding AI agents in deep business context and trusted data. As AI agents multiply, Teradata is the context foundation, governance layer, and performance backbone that companies need now. The Teradata Autonomous Knowledge Platform puts AI into production across cloud, on-premises, and hybrid environments.
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The Teradata logo is a trademark, and Teradata is a registered trademark of Teradata Corporation and/or its affiliates in the U.S. and worldwide.