TERADATA CORPORATION (NYSE:TDC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Chief Financial Officer

On October27, 2017, Stephen M. Scheppmann, Executive Vice President and Chief Financial Officer of Teradata Corporation (“Teradata” or the “Company”), informed the Company that, effective as of November9, 2017, he is stepping down as Teradata’s Chief Financial Officer and principal accounting officer. He will be on medical leave under the Company’s short-term disability plan after that time and has agreed to assist with the transition of his responsibilities to the Company’s new Chief Financial Officer. There are no special compensatory arrangements with Mr.Scheppmann in connection with this change in his position with the Company.

Appointment of Mark A. Culhane as Chief Financial Officer

On November2, 2017, the Company’s Board of Directors announced that Mark A. Culhane had been appointed as Executive Vice President and Chief Financial Officer of the Company, effective as of November10, 2017. Mr.Culhane will also succeed Mr.Scheppmann as Teradata’s principal accounting officer as of that date.

Mr.Culhane, age 57, served as the Chief Financial Officer for Lithium Technologies from 2012-2016 and as Executive Vice President and Chief Financial Officer at DemandTec from 2001-2012. He currently serves on the board of directors of CallidusCloud, a cloud software company and global leader in sales performance management software, where he is the chair of the Audit Committee as well as serving on the board of directors of private company, UserZoom. Since 2016, Mr.Culhane has run Culhane Advisory Services which counsels management at several venture and private-equity backed cloud software companies on go-to-market and financial strategies, financial reporting, supporting and scaling companies for growth, as well as operating as a public company and corporate governance, and preparing to become a public reporting company and the IPO process.

In connection with his appointment as Executive Vice President and Chief Financial Officer of the Company, Mr.Culhane will receive an initial base salary of $475,000 per year, a target annual incentive bonus of 50% of his base salary under the Company’s management incentive plan, and will be eligible to participate in the health, welfare, retirement and other benefit plans generally made available to the Company’s senior executives, including the Company’s change in control and executive severance plans. He will also receive an allowance of up to $5,000 per month to cover the costs of his travel to the Company’s office in San Diego, California.

Mr.Culhane will be granted long-term incentive awards with a target value of $3,000,000 with the same terms and conditions as those received by the Company’s other senior executives in connection with the Company’s standard annual equity award grant cycle in late November 2017. These equity awards are expected to be split between performance-based restricted share unit awards (70% of total value) and service-based restricted share unit awards (30% of total value).

There are no arrangements or understandings between Mr.Culhane and any other person with respect to the appointments described above and there are no family relationships between Mr.Culhane and any of the Company’s directors or executive officers. There are no transactions to which the Company is a party and in which Mr.Culhane has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.

Appointment of Eric Tom as Executive Vice President and Chief Revenue Officer

On November2, 2017, the Company’s Board of Directors announced that Eric Tom had been appointed as Executive Vice President and Chief Revenue Officer of the Company, effective as of November6, 2017.

Mr. Tom, age 59, served as the Executive Vice President, Global Sales, for International Game Technology from 2012-2015, and prior to that held a number of senior management positions, including Executive Vice President, North America Sales and Global Services from 2011-2012, Chief Operating Officer from 2010-2011 and its Executive Vice President, North American Sales and Global Marketing from 2009-2010. Since 2015, Mr. Tom has served as a business advisor for various startups.

There are no arrangements or understandings between Mr.Tom and any other person with respect to the appointments described above and there are no family relationships between Mr.Tom and any of the Company’s directors or executive officers. There are no transactions to which the Company is a party and in which Mr.Tom has a direct or indirect material interest that would be required to be disclosed under Item 404(a) of Regulation S-K.

On November2, 2017, the Company issued a press release announcing the leadership changes described above. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

(d)Exhibits

The following exhibits are attached to this Current Report on Form 8-K:

TERADATA CORP /DE/ Exhibit
EX-99.1 2 d488632dex991.htm EX-99.1 EX-99.1 Exhibit 99.1      NEWS RELEASE Teradata Announces Executive Appointments Mark Culhane appointed Chief Financial Officer,…
To view the full exhibit click here

About TERADATA CORPORATION (NYSE:TDC)

Teradata Corporation (Teradata) is a provider of analytic data platforms, marketing and analytic applications, and related services. The Company’s analytic data platforms consist of software, hardware and related business consulting and support services for data warehousing, and big data analytics. It operates in two segments: data and analytics, and marketing applications. Its services include a range of offerings, such as consulting to help organizations design, optimize and manage their analytic and big data environments, either on-premise or in the cloud. Its value-added consulting services provide expertise in data architecture services, cloud, private cloud, managed services and related installation services. In addition to its consulting services it offers a set of support services. Teradata operates from various locations within the United States with the primary locations being Dayton, Ohio; Johns Creek (Atlanta), Georgia, and Rancho Bernardo (San Diego), California.