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

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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

Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.

On December2, 2015, Teradata Corporation (the Company) filed a
Current Report on Form 8-K reporting that the services of its
former Co-President, Herman Wimmer, as an executive officer of
the Company had been terminated as of December1, 2015. This
Amendment No.1 to Form 8-K is being filed to report that, on
March31, 2017, to an order issued by the Augsburg Labour Court in
Germany (the German Court) at a hearing which took place on
March29, 2017, the Company and Teradata GmbH, a subsidiary of the
Company located in Germany (together, Teradata), have complied
with the terms of a settlement with Mr.Wimmer provided and
approved by the court, the complete terms of which are attached
hereto as Exhibit 10.1 and are incorporated herein by reference
(the Settlement Terms).

Following his termination, Mr.Wimmer had filed a legal action
against Teradata with the German Court on March21, 2016,
claiming, among other things, that his termination was invalid
under German labor law and seeking the grant of equity awards in
the amount of 2.5million or payment of the corresponding cash
amount. The Settlement Terms resolve that entire action, and the
German Court has issued an order requiring Teradata and Mr.Wimmer
to comply with the Settlement Terms.

The Settlement Terms provide that Mr.Wimmers employment with
Teradata terminated effective March31, 2017, and require Teradata
to provide Mr.Wimmer with severance and other benefits, as
summarized below. The Settlement Terms also provide that, upon
satisfaction of such terms, neither Mr.Wimmer nor Teradata will
have any further claims, whether monetary or otherwise, against
the other arising out of the employment relationship and its
termination, regardless of the legal grounds, known or unknown.
The following summary of the Settlement Terms does not purport to
be complete and is subject to and qualified in its entirety by
reference to Exhibit 10.1.

to the Settlement Terms, Mr.Wimmer received the following
payments and benefits in accordance with German law: (i)for the
12-month period
from April1, 2016 through March31, 2017 (the Notice Period), he
received his annual base salary of 486,510.00 and his prorated
bonus of 545,864.00 133,790.25 under the applicable Teradata
annual incentive plan; (ii)a severance payment in the amount of
$3,060,000.00 gross; and (iii)a car allowance through the end of
the Notice Period, a housing allowance through the end of the
applicable lease term (July 15, 2017), and expatriate benefits
(including transition relocation expenses) through the end of the
Notice Period. The Settlement Terms also provide that Mr.Wimmer
will receive no equity award for 2015 or for the Notice Period
(though his outstanding equity will continue to vest until the
end of the Notice Period).

In addition,
Mr.Wimmer has agreed to comply with, among other things, certain
non-solicitation and non-competition restrictive
covenants.

Item9.01.
Financial Statements and Exhibits.

(d) Exhibits

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

Exhibit No.

Description

10.1 Settlement Terms issued by Augsburg Labour Court with respect
to Teradata Corporation, Teradata GmbH and Hermann Wimmer
dated March29, 2017 and entered as of April4, 2017.


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.

TERADATA CORPORATION (NYSE:TDC) Recent Trading Information

TERADATA CORPORATION (NYSE:TDC) closed its last trading session up +0.10 at 30.18 with 866,603 shares trading hands.