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AI brief of an SEC Form 8-K · CoreCivic (CXW)

CoreCivic names President Patrick Swindle CEO effective January 1, 2026, succeeding Hininger

Neutral Impact 4 of 5 leadership Written later

CoreCivic said CEO Damon Hininger will step down and leave the Board effective January 1, 2026, and President and COO Patrick Swindle will become CEO and join the Board. Hininger will serve as Special Advisor to the CEO and Chairman through March 31, 2027, and the filing sets Swindle's 2026 base salary at $900,000 with a $2,502,000 equity grant, which is a leadership change rather than a financial result.

Key points

  • Patrick Swindle succeeds Damon Hininger as CEO effective January 1, 2026; Hininger has served as CEO since August 17, 2009
  • Swindle's 2026 base salary is $900,000, with a short-term cash incentive target of 132% of base salary and a long-term equity grant valued at $2,502,000
  • Hininger's transition agreement runs through March 31, 2027, with base salary paid and 100% of his 2026 annual cash bonus for 2025 performance, and no new equity awards

The filing

CompanyCoreCivic (CXW)
Form8-K, current report
Filed with the SECAug 18, 2025, 4:06 PM ET
Accession number0001193125-25-182677

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 18, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.