Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 20, 2021, Concentrix Corporation (the "Company") granted equity
awards to each of its executive officers as part of its 2020 equity awards to
employees and in recognition of the successful completion of the Company's
separation from SYNNEX Corporation on December 1, 2020. Each of Andre Valentine,
the Company's Chief Financial Officer, Cormac Twomey, the Company's Executive
Vice President, Global Operations and Delivery, Richard Rosso, the Company's
Executive Vice President, Global Sales and Account Management, and Steven
Richie, the Company's Executive Vice President, Legal, received a Restricted
Stock Award representing shares of the Company's common stock ("Common Stock")
that vests in equal installments on each of the first four anniversaries of
October 7, 2020. The number of shares of Common Stock underlying each of the
awards is: Mr. Valentine, 16,705; Mr. Twomey, 16,705; Mr. Rosso, 16,705; and Mr.
Richie, 14,617.
Also on January 20, 2021, in accordance with the previously disclosed terms of
the offer letter dated November, 24, 2020, the Company granted to Chris
Caldwell, the Company's President and Chief Executive Officer, (i) a Restricted
Stock Award of 4,594 shares of Common Stock that vests in equal installments on
each of the first five anniversaries of October 7, 2020, (ii) a Restricted Stock
Award of 83,528 shares of Common Stock that vests in equal installments on each
of the first five anniversaries of December 1, 2020, and (iii) an option to
purchase 26,212 shares of Common Stock at an exercise price of $119.72 that
vests 20% on October 7, 2021, with the remainder to vest ratably on a monthly
basis over the subsequent 48 months.
The foregoing summary of the terms of the equity awards granted by the Company
to its executive officers is qualified in its entirety by reference to the Form
of Restricted Stock Award Agreement and Form of Stock Option Award Agreement,
which are filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and
incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Form of Restricted Stock Award Agreement under the Concentrix
Corporation 2020 Stock Incentive Plan.
10.2 Form of Stock Option Award Agreement under the Concentrix Corporation
2020 Stock Incentive Plan.
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