M&A - TTEC Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925014330

Filing Summary: On February 14, 2025, TTEC Holdings, Inc. announced the awarding of a one-time cash bonus of $225,000 to its Chief Financial Officer, Kenneth R. Wagers III. The payout will occur in two phases: 40% on the last payroll date in August 2025 and 60% on the first payroll date in January 2026. If a potential take private transaction, which is currently being evaluated by a special committee of independent directors, is completed before these payout dates, the unpaid bonus will be disbursed within 60 days of the transaction's closing. Mr. Wagers must remain employed through the payout dates, although full payment will be made in the event of his termination without cause prior to those dates. The possibility of the take private transaction possesses uncertainties, as no agreement or consummation is guaranteed.

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