01—Abstract
Summary
Summary of the 8-K filed July 16, 2026. Cited figures are marked; the original filing is the authoritative source.
TD SYNNEX Corporation filed a Form 8-K on July 16, 2026 under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements of Certain Officers) to disclose an updated offer letter with David Vetter, Chief Legal Officer.
The offer letter, entered into July 10, 2026 and effective the same day, confirms Mr. Vetter continues as Chief Legal Officer, reporting solely to the Chief Executive Officer. His annual base salary is $670,000,a subject to annual review, with an annual incentive bonus targeted at 100% of base salary, paid based on performance metrics set by the Compensation Committee. The letter also provides for equity awards with an approximate fair market value of $1,500,000, consisting of 60% time-based vesting restricted stock and 40% performance-based vesting restricted stock units, granted alongside annual equity grants to other executive officers.
It includes severance-related payments upon termination without cause or for good reason, with separate provisions applying in connection with a change of control, as well as restrictive covenants including a non-solicitation provision benefiting the Company. The filing is primarily a compensation disclosure for a single executive. It does not report financial results or changes to the company's operations, and the full terms are contained in Exhibit 10.1, which the filing states is the offer letter, with certain schedules and information omitted under Regulation S-K.
02—Key points
Key Highlights
- David Vetter, Chief Legal Officer, entered into an updated offer letter with TD SYNNEX effective July 10, 2026, and reports solely to the CEO.
- Base salary set at $670,000, subject to annual review.
- Annual incentive bonus targeted at 100% of base salary, based on performance metrics set by the Compensation Committee.
- Equity awards with approximate fair market value of $1,500,000: 60% time-based restricted stock and 40% performance-based restricted stock units.
- Equity awards to be granted at the same time as annual equity grants to other executive officers.
- Offer letter provides severance-related payments on termination without cause or for good reason, including separate change-of-control provisions.
- Includes restrictive covenants, including a non-solicitation provision for the Company's benefit; the full letter is filed as Exhibit 10.1 with certain schedules omitted.
03—Questions
Frequently Asked Questions
Who is David Vetter and what is his role at TD SYNNEX?
David Vetter is the Chief Legal Officer of TD SYNNEX Corporation. Under the updated offer letter, he continues in that role and reports solely to the Company's Chief Executive Officer.
What is Mr. Vetter's compensation under the updated offer letter?
He receives an annual base salary of $670,000, subject to annual review, and is eligible for an annual incentive bonus targeted at 100% of base salary. Actual bonus amounts depend on performance metrics established by the Compensation Committee. He will also receive equity awards with an approximate fair market value of $1,500,000, split 60% time-based restricted stock and 40% performance-based restricted stock units.
Does the offer letter include severance or change-of-control protections?
Yes. The letter provides certain payments if Mr. Vetter is terminated without cause or resigns for good reason, as those terms are defined in the letter. It also provides separate payments for such terminations in connection with a change of control of the Company.
Are there restrictions on Mr. Vetter after he leaves the Company?
The offer letter contains restrictive covenants, including a non-solicitation provision for the benefit of the Company.
Where can investors find the full terms of the arrangement?
The complete offer letter is filed as Exhibit 10.1 to the Form 8-K and incorporated by reference. Certain schedules and information have been omitted under Items 601(a)(5), 601(a)(6) and/or 601(b)(10)(iv) of Regulation S-K, and the Company undertakes to furnish omitted schedules to the SEC upon request.
04—Continue