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Wesco International 8-K Report, Executive Changes (Feb 10, 2026)

Reports
Leadership Changes·Regulation FD·Exhibits & Filings
Filing Date
Filed February 10, 2026
Period End
February 5, 2026
Security
WCC
In the record · 2016–202610-K1210-Q338-K143

WCC filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 143 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Mar ’18Mar ’18
  2. Leadership change8-K · Jun ’20Jun ’20
  3. Material agreement8-K · Nov ’22Nov ’22
  4. Material agreement8-K · Mar ’25Mar ’25

01—Abstract

Summary

Summary of the 8-K filed February 10, 2026. Cited figures are marked; the original filing is the authoritative source.

WESCO International, Inc. (NYSE: WCC) announced in an 8-K filed February 10, 2026 that David S.

Schulz, Executive Vice President and Chief Financial Officer, plans to retire effective May 31, 2026. Mr. Schulz will remain CFO through a mutually agreed date in February 2026, after which he will serve as Executive Vice President and Special Advisor to the CEO until his retirement. The filing states his decision was not the result of any disagreement with the Company or any matter regarding its operations, policies or practices.

Mr. Schulz has served as CFO since 2016. The company named Indraneel "Neel" Dev as its successor, effective on the same mutually agreed February 2026 date. Mr. Dev, age 54, most recently served as CFO and Chief Revenue Officer of Congruex LLC from October 2023 to January 2026, and previously as CFO of Lumen Technologies from 2018 through April 2022.

His compensation includes an annual base salary of $800,000,a a target bonus of 100% of salary with a total opportunity up to 200%, a $500,000 sign-on cash bonus, and two sign-on restricted stock unit grants with grant date fair values of $1,500,000 (two-year cliff vest) and $2,800,000 (three-year cliff vest). His expected 2026 annual equity award has an aggregate grant date fair value of $2,700,000.

The filing also furnishes, under Item 7.01 and not as filed, a press release dated February 10, 2026 announcing the transition. The press release describes WESCO as having approximately $24 billionb in annual sales in 2025 and about 21,000 employees.

02—Key points

Key Highlights

  1. CFO transition: David S. Schulz, CFO since 2016, plans to retire effective May 31, 2026, and will serve as EVP and Special Advisor to the CEO after a mutually agreed February 2026 date.
  2. Successor named: Indraneel "Neel" Dev, age 54, joins as EVP and CFO effective on the same February 2026 date, bringing prior CFO experience at Congruex LLC and Lumen Technologies.
  3. Base compensation: Mr. Dev receives an annual base salary of $800,000 with a target bonus of 100% of salary and a total bonus opportunity up to 200%.
  4. Sign-on package: includes a $500,000 cash bonus, a restricted stock unit grant with a $1,500,000 grant date fair value vesting after two years, and a grant with a $2,800,000 grant date fair value vesting after three years.
  5. Expected annual equity award: approximately $2,700,000 in aggregate grant date fair value for 2026, split between options (25%), restricted stock units (25%) and performance share units (50%).
  6. Severance terms: one year of base salary plus a prorated bonus amount and one year of medical, health and vision plan continuation if terminated without cause or for good reason.
  7. Stated reason for departure: the filing says Mr. Schulz's retirement is not the result of any disagreement with the Company or any matter regarding its operations, policies or practices.

03—Questions

Frequently Asked Questions

  1. Why is WESCO's CFO retiring?

    The filing states that Mr. Schulz plans to retire effective May 31, 2026, and that his decision was not the result of any disagreement with the Company or any matter regarding its operations, policies or practices.

  2. When does the new CFO take over?

    Mr. Dev joins as Executive Vice President and Chief Financial Officer effective on the same mutually agreed date in February 2026 when Mr. Schulz ceases serving as CFO.

  3. What is Neel Dev's background?

    Mr. Dev was CFO and Chief Revenue Officer of Congruex LLC from October 2023 to January 2026, CFO of Congruex from November 2022 to October 2023, and CFO of Lumen Technologies from 2018 through April 2022. He previously held senior finance roles at Level 3 Communications, MCI and MFS Communications. He also serves as an independent director of Harmonic, Inc.

  4. What is Mr. Dev's compensation?

    He receives an annual base salary of $800,000, a target bonus of 100% of salary with a total opportunity up to 200%, a $500,000 sign-on cash bonus, and sign-on RSU grants with grant date fair values of $1,500,000 and $2,800,000. His expected 2026 annual equity award has an aggregate grant date fair value of $2,700,000.

  5. What is Mr. Schulz's role after the transition?

    After the mutually agreed February 2026 date, Mr. Schulz will serve as Executive Vice President and Special Advisor to the CEO until his retirement effective May 31, 2026.

04—Continue

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