TD SYNNEX Corporation

09/16/2025 | Press release | Distributed by Public on 09/16/2025 14:03

Management Change/Compensation (Form 8-K)

Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) As previously announced, Simon Leung, Chief Business Officer of TD SYNNEX Corporation (the "Company"), retired from the Company effective September 1, 2025. In consideration of Mr. Leung's performance through the current fiscal year and in connection with his resignation and his execution and ongoing compliance with the Company's customary release of claims, Mr. Leung receives, among other things,salary continuation for 24 months;payment of the fiscal year 2025 Management Incentive Plan bonus at the target amount of approximately $348,500;the accelerated vesting of outstanding unvested restricted stock, restricted stock unit and stock option awards, assuming the performance of the Company at target for the vesting of the performance-based restricted stock unit awards prorated based on the time in performance period to September 1, 2025; extension of the exercise period of outstanding stock options to twelve months following September 1, 2025; and a lump sum payment of $5,000. The agreement for this continued compensation, effective September 10, 2025, contains certain restrictive covenants, including a non-competition and non-solicitation provision, for the benefit of the Company. The foregoing description of the agreement is qualified in its entirety by reference to the full text of the agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
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