01—Abstract
Summary
Summary of the 8-K filed August 5, 2026. Cited figures are marked; the original filing is the authoritative source.
CDW Corporation (Nasdaq: CDW) disclosed that Chief Financial Officer and Executive Vice President, Enterprise Business Operations Albert J.
Miralles intends to retire in 2027 following an orderly transition. Mr. Miralles will remain in his current role until a successor is named to the CFO position, then serve as Executive Advisor through March 31, 2028. The company has begun a search for a successor, and the press release states that the search is currently underway.
Under a letter agreement dated August 4, 2026, Mr. Miralles's current compensation is unchanged through March 31, 2027, and he remains eligible for prorated fiscal 2026 and 2027 annual cash incentive awards. From April 1, 2027 through March 31, 2028, his annual base salary will be $60,000,a with no annual cash incentive and no participation in the 2027 or 2028 long-term incentive program. His Compensation Protection Agreement continues through March 31, 2027, after which he will no longer be eligible for severance benefits, and he loses his right to resign for Good Reason under that agreement.
The filing also furnishes a press release in which Chair and CEO Christine A. Leahy praises Mr. Miralles's role in CDW's transformation and growth strategy over his five years as CFO and a 35-year career. Investors will likely focus on the pace of the CFO search and the continuity of finance leadership during the transition.
02—Key points
Key Highlights
- CFO Albert J. Miralles plans to retire in 2027 after an orderly transition; he stays in his role until a successor is named.
- A search for a successor CFO is currently underway, per the press release.
- After the successor is appointed, Miralles serves as Executive Advisor through March 31, 2028, focusing on Geared for Growth initiatives, investor relations support, M&A, and leadership development.
- From April 1, 2027 to March 31, 2028, his base salary is $60,000 and he is not eligible for an annual cash incentive or the 2027 or 2028 long-term incentive program.
- His Compensation Protection Agreement severance eligibility ends March 31, 2027, and his Good Reason resignation right under that agreement ends as well.
- Fiscal 2026 and 2027 annual cash incentives remain available, prorated through March 31, 2027.
- Per Item 7.01, the company furnished a press release dated August 5, 2026 announcing the transition (Exhibit 99.1).
03—Questions
Frequently Asked Questions
Why is the CFO leaving?
Mr. Miralles informed the company on August 3, 2026 of his intention to retire in 2027 following an orderly transition. The filing and press release describe this as a planned retirement after a 35-year career.
Who will lead finance during the transition?
Mr. Miralles will remain CFO until a successor is named. The press release states that the search for a successor is currently underway, and the filing does not name a replacement.
What is Mr. Miralles's compensation after March 31, 2027?
From April 1, 2027 through March 31, 2028, his annual base salary will be $60,000, and he will not be eligible for an annual cash incentive award or the 2027 or 2028 long-term incentive program.
Will Mr. Miralles receive severance?
He remains subject to his Compensation Protection Agreement through March 31, 2027. After that date he will no longer be eligible for severance benefits under the agreement, and he will no longer have a right to terminate for Good Reason under it.
What role will Mr. Miralles have after a successor is named?
He will serve as Executive Advisor through March 31, 2028, supporting priorities such as Geared for Growth initiatives, investor relations support, M&A, and leadership development and coaching. His employment is expected to end at the conclusion of that term.
04—Continue