01—Abstract
Summary
Summary of the 8-K filed October 2, 2025. Cited figures are marked; the original filing is the authoritative source.
TD SYNNEX Corporation announced on October 2, 2025 that its Board of Directors has appointed David Jordan as Executive Vice President and Chief Financial Officer, replacing Marshall Witt.
Mr. Witt notified the Company of his resignation on September 29, 2025 to assume a new role outside the organization, and the filing states his departure was not caused by any dispute or disagreement with the Company, the Board, or matters relating to its operations, policies, or practices. Mr. Witt will remain employed as a non-executive employee until October 17, 2025. Mr. Jordan, age 38, will be responsible for all aspects of the Company's financial management.
He previously served as Senior Vice President, Chief Financial Officer, Americas since 2021, and as Head of Investor Relations since 2024. He joined the Company in 2014 and has held a variety of senior finance roles. The press release states that CEO Patrick Zammit cited Mr. Jordan's knowledge of the business, leadership of the Americas finance organization, and vendor, customer and investor relationships, and that he brings commercial acumen, M&A experience and a focus on capital optimization.
Under his new appointment, Mr. Jordan's base salary will increase to $650,000,a with an annual cash incentive bonus targeted at 100% of base salary, based on performance metrics set by the Compensation Committee. He will receive restricted stock awards with a fair market value of approximately $900,000 and performance-based restricted stock awards of approximately $600,000. The restricted stock awards are scheduled for October 15, 2025, alongside the annual restricted equity grant cycle, and the performance-based awards will be granted at the same time as other executive officers' performance grants, typically in January.
02—Key points
Key Highlights
- David Jordan, previously SVP and CFO, Americas and Head of Investor Relations, was named Executive Vice President and CFO, succeeding Marshall Witt.
- Marshall Witt resigned on September 29, 2025 to assume a role outside the organization; the filing states the departure involved no dispute or disagreement with the Company.
- Mr. Witt remains a non-executive employee until October 17, 2025.
- Mr. Jordan's base salary increases to $650,000, with a bonus target of 100% of base salary.
- Equity awards include restricted stock valued at approximately $900,000 and performance-based restricted stock valued at approximately $600,000.
- Mr. Jordan joined TD SYNNEX in 2014 and has held senior finance roles across the organization, including CFO, Americas since 2021.
- The filing includes a press release (Exhibit 99.1) announcing the CFO transition.
03—Questions
Frequently Asked Questions
Who is the new CFO of TD SYNNEX and what is his background?
David Jordan, age 38, was named Executive Vice President and Chief Financial Officer. He previously served as Senior Vice President, Chief Financial Officer, Americas since 2021, and as Head of Investor Relations since 2024. He joined the Company in 2014 and has held a variety of senior finance roles.
Why did the previous CFO leave?
Marshall Witt notified the Company of his resignation on September 29, 2025 to assume a new role outside the organization. The filing states his departure was not caused by any dispute or disagreement with the Company, its Board, or matters relating to its operations, policies, or practices.
What compensation will the new CFO receive?
Mr. Jordan's base salary will increase to $650,000. He is eligible for an annual cash incentive bonus targeted at 100% of base salary, based on performance metrics set by the Compensation Committee. He will receive restricted stock awards with a fair market value of approximately $900,000 and performance-based restricted stock awards of approximately $600,000.
When does Mr. Witt's employment end and when will Mr. Jordan's equity awards be granted?
Mr. Witt will remain employed by the Company as a non-executive employee until October 17, 2025. The restricted stock awards to Mr. Jordan will be granted on October 15 with the annual restricted equity grant cycle for all eligible employees. The performance-based restricted stock awards will be granted at the same time as performance equity grants to other executive officers, typically in January.
04—Continue