Retirement and Severance Agreement of Simon Leung


2025-09-16SEC Filing 8-K (0001177394-25-000066)

TD SYNNEX Corporation announced the retirement of Simon Leung, Chief Business Officer, effective September 1, 2025. In connection with his retirement, the company has entered into a severance agreement with Mr. Leung. The agreement includes salary continuation for 24 months, payment of the fiscal year 2025 Management Incentive Plan bonus at the target amount of approximately $348,500, accelerated vesting of outstanding unvested restricted stock, restricted stock unit and stock option awards, 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 also contains restrictive covenants, including non-competition and non-solicitation provisions, for the benefit of the company. The full text of the agreement is filed as Exhibit 10.1 to the Form 8-K.


Tickers mentioned in this filing:SNX

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