TERADATA CORP /DE/0000816761false00008167612024-04-032024-04-03
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 3, 2024
TERADATA CORPORATION
(Exact name of registrant as specified in its charter)
Commission File Number 001-33458
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Delaware |
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75-3236470 |
(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification No.) |
17095 Via Del Campo
San Diego, California 92127
(Address of principal executive offices and Zip Code)
Registrant’s telephone number, including area code: (866) 548-8348
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
Trading Symbol |
Name of each exchange on which registered |
Common Stock, $0.01 par value |
TDC |
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On April 3, 2024, Todd Cione notified Teradata Corporation (the “Company”) of his decision to resign from his position as Chief Revenue Officer of the Company, effective as of April 5, 2024 (the “Effective Date”). Mr. Cione was a named executive officer of the Company. The Company has appointed Richard Petley, the Company’s EVP, Global Sales, as the Company’s Chief Revenue Officer effective as of the Effective Date.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
The following exhibits are attached with this current report on Form 8-K:
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Exhibit No. |
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Description |
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104 |
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Cover page Interactive Data (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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TERADATA CORPORATION |
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Date: April 5, 2024 |
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By: |
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/s/ Margaret A. Treese |
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Margaret A. Treese |
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Chief Legal Officer and Secretary |
EX-99
2
tdc040424croexhibit99.htm
EX-99
Document
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INVESTOR CONTACT
Mike DiLoreti
Mike.DiLoreti@Teradata.com
MEDIA CONTACT
Jennifer Donahue
jennifer.donahue@teradata.com
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Teradata Appoints Richard Petley as Chief Revenue Officer
SAN DIEGO – April 5, 2024 - Teradata Corporation (NYSE: TDC) today announced the appointment of Richard Petley as Chief Revenue Officer, effective immediately. Petley was previously Teradata’s EVP, Global Sales, and he succeeds Todd Cione, who is leaving the Company to pursue another professional opportunity.
Petley joined Teradata in April 2022 as EVP, EMEA Regional Sales, and expanded his role to lead sales teams in EMEA and APJ in February 2023. He has made significant contributions to the Company’s ongoing business transformation and has driven strong performance in both international regions. Petley brings more than 20 years of sales experience in prior senior sales leadership roles at Oracle and IBM.
“Rich has demonstrated outstanding leadership and played an important role in our growth and profitability since joining Teradata two years ago, and we believe he is the ideal person to serve as CRO at this stage of our business transformation,” said Steve McMillan, President and CEO, Teradata. “He brings a track record of strong sales success both at Teradata and in his previous roles at Oracle and IBM. Our board and senior management team deliberately take the time to identify and cultivate talent across the organization, and as a result, Teradata has a solid bench of leaders ready to execute our plans and drive growth.”
“I am honored to take on this important role at Teradata and to work with Steve and our talented sales teams to deliver on our profitable growth plans,” said Petley. “As we drive our strategy of building the most complete cloud analytics and data platform for trusted AI, we are focused on accelerating our sales execution, strengthening partner success and enhancing outstanding customer experiences.”
McMillan continued, “We also want to thank Todd for his dedication and contributions to Teradata. We wish him well in the next stage of his career.”
About Richard Petley
Petley previously served as Teradata’s EVP, Global Sales, following a progression of increasing senior sales leadership roles at the Company. In his roles leading Teradata’s sales teams for EMEA, then all of International, and most recently, all Global Sales, Petley has driven clear account planning and a strong pipeline of opportunities for ongoing value creation. Recognized as a collaborative leader, Petley is also a strong advocate for sustainability, diversity, equity and inclusion. He came to Teradata from Oracle, where he was SVP, Western Europe, for Oracle Cloud, and Managing Director, Oracle UK. In these roles, he drove significant growth of Oracle’s cloud portfolio and external ecosystem. Prior to Oracle, Petley held sales leadership positions at IBM, with consistent success in growth areas of enterprise software, SaaS and AI.
About Teradata
At Teradata, we believe that people thrive when empowered with trusted information. We offer the most complete cloud analytics and data platform for AI. By delivering harmonized data and trusted AI/ML, we enable more confident decision-making, unlock faster innovation, and drive the impactful business results organizations need most.
See how at Teradata.com.
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