01—Abstract
Summary
Summary of the 8-K filed April 18, 2024. Cited figures are marked; the original filing is the authoritative source.
TD SYNNEX Corporation disclosed in this Current Report on Form 8-K, filed April 18, 2024, that two directors, Robert Kalsow-Ramos and Matthew Nord, resigned from the Company's Board of Directors effective April 15, 2024.
Both informed the Board of their decision on that date. The filing states that neither director has any disagreements with the Company. Both directors were initially nominated to the Board under the Investor Rights Agreement dated as of September 1, 2021, between the Company and an affiliated entity of Apollo Global Management, Inc. The resignations reduce the size of the Board from eleven directors to nine.
The filing is limited to this board-composition change under Item 5.02 and includes only the Inline XBRL cover page data file under Item 9.01. It contains no financial results, guidance, or operational disclosures, so the event's significance for investors is primarily governance-related, reflecting the change in the Apollo-affiliated board representation.
02—Key points
Key Highlights
- Robert Kalsow-Ramos and Matthew Nord resigned from the TD SYNNEX Board of Directors, effective April 15, 2024.
- Both directors informed the Board of their resignations on April 15, 2024.
- The filing states that neither Mr. Kalsow-Ramos nor Mr. Nord has any disagreements with the Company.
- Both directors were originally nominated under the Investor Rights Agreement dated September 1, 2021, with an affiliated entity of Apollo Global Management, Inc.
- The Board size was reduced from eleven directors to nine following the resignations.
- The filing reports no financial results, guidance, or operating metrics; it is limited to a Item 5.02 governance change and an XBRL cover page exhibit.
03—Questions
Frequently Asked Questions
Why did Robert Kalsow-Ramos and Matthew Nord resign from the TD SYNNEX Board?
The filing does not state the reasons for the resignations. It only says that both directors informed the Board on April 15, 2024, that they would resign effective that same day, and that neither has any disagreements with the Company.
Were the resigning directors connected to a specific shareholder?
Yes. The filing states that both directors were initially nominated to the Board pursuant to the Investor Rights Agreement dated as of September 1, 2021, between the Company and an affiliated entity of Apollo Global Management, Inc.
How many directors will serve on the Board after these resignations?
Following the resignations, the size of the Board was reduced from eleven directors to nine.
Does this filing contain financial results or guidance?
No. The filing consists of an Item 5.02 disclosure about the director departures and an Item 9.01 reference to the Cover Page Interactive Data File (Exhibit 104). It does not include financial results, guidance, or operating information.
04—Continue