TTEC Holdings Inc. filed SEC Form 8-K: Leadership Update
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction | (Commission file | (IRS Employer |
| of incorporation) | number) | Identification Number) |
(Address of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code:
Not
Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name
of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 14, 2025, TTEC Holdings, Inc. (“TTEC” or the “Company”) awarded to Mr. Kenneth R. Wagers III, TTEC Chief Financial Officer, a one-time cash bonus in the amount of $225,000, payable 40% on the last payroll date in August 2025, and 60% on the first payroll date in January 2026. If the previously announced potential take private transaction is completed before these payout dates, the bonus amount not yet paid at that time will be paid to Mr. Wagers within 60 days of the transaction’s closing date. To receive the bonus, Mr. Wagers must continue to be employed by the Company on the respective payout dates; provided, however, that if his employment is terminated by the Company for any reason, except for cause, prior to the time of the payouts, the bonus is payable in full on such termination.
As previously disclosed, the TTEC Board of Directors, through a special committee of independent directors, is evaluating a potential take private transaction for the Company. There are no assurances, however, that an agreement regarding the transaction will be reached nor any such transaction will be consummated.
2
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TTEC Holdings, Inc. | ||
| (Registrant) | ||
| Date: February 14, 2025 | By: | /s/ Margaret B. McLean |
| Margaret
B. McLean General Counsel & Chief Risk Officer | ||
3