8-KLeadership ChangesExhibits & Filings

COGNIZANT TECHNOLOGY SOLUTIONS CORP 8-K Report, Executive Changes (May 28, 2025)

Filed May 28, 2025For Securities:CTSH

Summary

Cognizant Technology Solutions Corp (CTSH) has announced a key leadership change in its finance department. Robert Telesmanic, SVP, Controller and Chief Accounting Officer, will retire from his role effective July 1, 2025, after a distinguished tenure. To ensure a smooth transition, Mr. Telesmanic will continue with the company as a special advisor until December 31, 2025. Taking over the critical position of SVP, Controller and Chief Accounting Officer is Alina Kerdman, a seasoned executive with deep internal experience at Cognizant. Ms. Kerdman has been with the company since 2010 and has held various significant finance roles, most recently as SVP, Assistant Global Controller. Her appointment signifies an internal promotion and continuity within the finance leadership. The company has also outlined Ms. Kerdman's compensation package for her new role, which includes a base salary, annual cash incentive, performance-based restricted stock units (PSUs), and time-based restricted stock units (RSUs), reflecting a total target annual compensation.

Key Highlights

  • 1Robert Telesmanic, SVP, Controller and Chief Accounting Officer, is retiring effective July 1, 2025.
  • 2Alina Kerdman has been appointed as the new SVP, Controller and Chief Accounting Officer, effective July 1, 2025.
  • 3Mr. Telesmanic will serve as a special advisor until December 31, 2025, to facilitate a smooth leadership transition.
  • 4Ms. Kerdman has a strong internal track record with Cognizant, having joined in 2010 and progressing through various finance leadership roles.
  • 5Ms. Kerdman's total target annual compensation is $1,200,000, comprising base salary, annual cash incentive, PSUs, and RSUs.
  • 6Ms. Kerdman will receive transition awards of RSUs ($150,000) and PSUs ($50,411) to align her 2025 equity compensation.
  • 7There are no disclosed family relationships or material indirect interests for Ms. Kerdman in company transactions.

Frequently Asked Questions

Robert Telesmanic is retiring from his role as SVP, Controller and Chief Accounting Officer for personal reasons, with his retirement effective July 1, 2025. He will remain with Cognizant until December 31, 2025, in a non-executive capacity as a special advisor to ensure a seamless handover of responsibilities.

Alina Kerdman is an internal hire who has been with Cognizant since 2010. She has held several progressively responsible finance positions, including VP, Global Revenue Controller and Head of External Reporting, and most recently, SVP, Assistant Global Controller. Her extensive experience within the company makes her a well-qualified successor.

Alina Kerdman's total target annual compensation is $1,200,000. This includes a base salary of $400,000, an annual cash incentive target of $200,000, performance-based restricted stock units (PSUs) valued at $300,000, and time-based restricted stock units (RSUs) valued at $300,000. She will also receive transitional equity awards for 2025.

The filing explicitly states that there are no family relationships between Ms. Kerdman and any Cognizant directors or executive officers. Furthermore, there are no undisclosed arrangements or understandings for her selection, nor does she have any direct or indirect material interest in any transactions requiring disclosure under SEC regulations.