TDC Teradata Corporation

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 27, 2015

TERADATA CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Registrant’s telephone number including area code: (866) 548-8348

N/A

(Former Name or 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:

On January 27, 2015, the Board of Directors (the “Board”) of Teradata Corporation (the “Company” or “Teradata”) approved the election of Lisa R. Bacus and Michael P. Gianoni (collectively, the “New Directors”) as members of the Board, effective as of January 27, 2015 (the “Effective Date”). Teradata expanded the size of the Board from nine to eleven to accommodate the addition of the New Directors. Ms. Bacus will serve as a Class II director and Mr. Gianoni will serve as a Class III director, until the Annual Meeting of Stockholders in 2015 and 2016, respectively, or until such time as his or her successor is duly elected and qualified or as otherwise provided in Teradata’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws. The Board has determined that each of the New Directors is independent under Teradata’s Corporate Governance Guidelines and the requirements of the New York Stock Exchange. There are no arrangements or understandings between any New Director and any other person pursuant to which a New Director was selected as a director. There are no transactions involving either New Director that would be required to be reported under Item 404(a) of Regulation S-K.

As of the Effective Date, both of the New Directors will participate in certain non-employee director compensation arrangements under the Teradata Corporation Director Compensation Program (the “Program”), a copy of which may be found at Exhibit 10.4 to the Quarterly Report on Form 10-Q filed by Teradata on May 15, 2008 (SEC file number 001-33458), with the U.S. Securities and Exchange Commission. Under the terms of the Program, each New Director will receive a prorated annual retainer for the year starting on the date of the Company’s 2014 Annual Meeting in the amount of $12,500.

Under the Company’s equity approval policy, no equity-based award may be granted to non-employee directors during a Company blackout period. Because Teradata was in a blackout period on the Effective Date, after Teradata’s first quarter blackout period expires in February 2015, the Board will approve equity grants under the terms of the Program for each New Director, including (a) an initial restricted share unit equity grant with a value of $75,000, and (b) a mid-year restricted share unit equity grant that will be the equivalent of the prorated annual equity award to non-employee directors under the Program.

Effective as of the Effective Date, the membership of the committees of the Board is as follows:

On January 27, 2015, Teradata issued a press release that announced the election of the New Directors to the Board as of January 27, 2015, a copy of which press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The following exhibit is attached with this current report on Form 8-K:

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 hereunto duly authorized.

Index to Exhibits

Exhibit 99.1

				NEWS RELEASE

Teradata Adds New Expertise to Its Board of Directors

Bacus and Gianoni bring accomplishments in marketing, cloud software, international growth

ATLANTA, Georgia (January 27, 2015) – Teradata Corporation (NYSE: TDC) announced the election of Lisa R. Bacus and Michael P. Gianoni to its Board of Directors, effective today. The new appointments expand the size of the board from nine to eleven directors.

Lisa R. Bacus

		Lisa R. Bacus is Executive Vice President and Global Chief Marketing Officer for Cigna (CI), a Global Fortune 500 health services organization providing health care products including an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna has sales capabilities in 30 countries and jurisdictions and has approximately 85 million customer relationships throughout the world. Bacus is responsible for Cigna’s global marketing activities, including strategic market planning, marketing insights, data analytics and product solutions, competitive intelligence and market research, product development, branding, advertising, digital marketing, public relations and communications, customer value management, and customer experience. She joins Teradata’s board as a Class II director.

Michael P. Gianoni

		Michael P. Gianoni is President and CEO of Blackbaud (BLKB), a cloud-based and on-premise provider of financial, fundraising, and administrative software for not-for-profit organizations and educational institutions. He is responsible for the strategic direction and operations of this leading technology company that powers the business of philanthropy for its more than 30,000 nonprofit customers around the world. Blackbaud has over 3,000 associates worldwide and operates in over 60 countries. Mr. Gianoni, who also serves as a director of Blackbaud, joins the Teradata Board of Directors as a Class III director.

The new directors were selected following a comprehensive search conducted by the board to identify qualified new directors.

“Ms. Bacus has excellent experience as a customer-oriented global marketing executive who has a keen interest in data analytics. Her more than 25 years’ of marketing management experience includes senior positions at Cigna Corporation, American Family Insurance Group, and Ford Motor Company,” said James (Jim) Ringler, chairman, Teradata Corporation. “Mr. Gianoni brings extensive experience with technology companies and has led large software business units delivering excellent financial results. His over 30 years’ senior management experience includes leadership positions at Blackbaud, Inc., Fiserv, Inc., CheckFree Corporation, and DST Systems, Inc. We are pleased to have these two extremely qualified business leaders add to the strength of Teradata’s board.”

“Lisa has a proven track record of developing and executing customer-centric marketing strategies with an important focus in digital marketing, which will be helpful as we extend Teradata marketing applications and analytics leadership,” said Mike Koehler, president and chief executive officer of Teradata Corporation. “Mike Gianoni is a seasoned executive in technology, cloud, and Software as a Service with a track record of driving financial performance improvement in a fast growth environment. Lisa and Mike are joining our board as the business of big data analytics and marketing applications is poised for significant growth.”

Relevant Links:

About Teradata

Teradata’s leading portfolio of big data analytic solutions, integrated marketing applications, and services can help organizations gain a sustainable competitive advantage with data. Visit teradata.com.

Get to know Teradata:

# # #

Teradata and the Teradata logo are trademarks or registered trademarks of Teradata Corporation and/or

its affiliates in the U.S. and worldwide.

Teradata (NYSE:TDC)
Historical Stock Chart
From Aug 2024 to Sep 2024

Teradata (NYSE:TDC)
Historical Stock Chart
From Sep 2023 to Sep 2024