Nov 3, 5:13 PM ET
Concentrix Corporation announced that Chinnu Susan Varghese will succeed Andre Valentine as Chief Financial Officer effective December 1, 2026. Mr. Valentine will remain in the role in the near term and stay through the second quarter of fiscal 2027 to support the transition.
- Chinnu Susan Varghese joins Concentrix on November 9, 2026 and becomes CFO on December 1, 2026.
- Andre Valentine stays on as CFO in the near term and is expected to remain with the company through the second quarter of fiscal 2027.
- Ms. Varghese previously was Senior Vice President and Group Controller at Marelli and CFO, Global Growth Markets at Cognizant.
Read the filing on SEC.gov ↗
Sep 29, 4:10 PM ET
Concentrix reported fiscal third-quarter 2026 revenue of $2,453.7 million, down 1.2% from a year earlier, and a GAAP net loss of $988.1 million, or $(16.24) per diluted share, driven by a non-cash $1,050.0 million goodwill impairment. Excluding non-GAAP items, diluted EPS rose 5.0% to $2.92, and the company raised its quarterly dividend to $0.37 per share. The company guided fourth-quarter non-GAAP diluted EPS to $2.86 to $2.98 and full-year 2026 non-GAAP diluted EPS to $10.97 to $11.09.
- Revenue was $2,453.7 million, down 1.2% as reported and down 0.5% in constant currency
- GAAP operating loss of $(910.3) million and net loss of $(988.1) million include a $1,050.0 million goodwill impairment
- Non-GAAP operating income rose 1.3% to $309.0 million and non-GAAP net income rose 1.8% to $186.5 million
- Quarterly dividend raised to $0.37 from $0.36, payable November 3, 2026; no shares repurchased in the quarter, with $396.6 million authorization remaining
Read the filing on SEC.gov ↗
Sep 18, 4:51 PM ET
Concentrix said its Executive Vice President of Customer Success, Cormac Twomey, will step down effective December 31, 2026, under an agreement dated September 15, 2026. He will provide transition support as a consultant for 60 days after leaving, and his severance follows the company's executive severance plan and his UK service agreement. The filing does not describe financial effects, and the change affects one senior executive role.
- Cormac Twomey, Executive Vice President, Customer Success, will step down effective December 31, 2026
- Agreement with Twomey dated September 15, 2026 provides severance under the Amended and Restated Executive Severance Plan and his 2019 UK service agreement
- Twomey will serve as a consultant for limited transition support for a 60-day period after separation
Read the filing on SEC.gov ↗
Jul 24, 5:18 PM ET
On July 23, 2026, Concentrix's Board adopted an Amended and Restated Executive Severance Plan that replaces its Change of Control Severance Plan, following an annual compensation review. The amended plan raises severance for executives terminated without cause within two months before or 12 months after a change of control, and adds severance for such terminations outside that window.
- Plan adopted July 23, 2026, replacing the Change of Control Severance Plan.
- Change-of-control severance changes from salary continuation of 18 to 24 months to two times base salary plus target bonus, less withholding.
- New severance of base salary plus target bonus, less withholding, applies to terminations outside the change-of-control window.
- Plan adds a 'best-net' Section 280G cut-back provision; full plan filed as Exhibit 10.1.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.