SYNNEX CORPORATION (NYSE:SNX) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On October 5, 2018, the Compensation Committee of the Board of Directors of SYNNEX Corporation (“SYNNEX”) approved an increase in the current annual base salary of Christopher Caldwell, Executive Vice President of SYNNEX and President of Concentrix Corporation, from $485,000 to $575,000 effective October 5, 2018 due to Mr. Caldwell’s increased responsibilities in connection with and following SYNNEX’ acquisition of Convergys Corporation.
About SYNNEX CORPORATION (NYSE:SNX)
SYNNEX Corporation is a process services company. The Company offers a range of services to resellers, retailers, original equipment manufacturers (OEMs), financial and insurance institutions, and other industry verticals across the world. The Company operates in two segments: Technology Solutions and Concentrix. Its Technology Solutions segment distributes a range of information technology (IT) systems and products, and also provides systems design and integration solutions. Its Concentrix segment offers a portfolio of solutions and end-to-end business outsourcing services, which focuses on customer engagement strategy, process optimization, technology innovation, front and back-office automation and business transformation to clients in approximately 10 industry verticals. Its technology solutions segment also provides systems design and integration solutions. Its Technology solutions segment provides IT solutions in various vertical markets, such as government and healthcare.