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Close of Nov 06, 2026 · end-of-day data
CXW 8-K filings in 2025
Every material Form 8-K CoreCivic filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
CoreCivic's Board appointed Daren Swenson, currently Senior Vice President and Chief Corrections Officer, as Executive Vice President and Chief Corrections and Reentry Officer, effective January 1, 2026. The filing sets his fiscal 2026 base salary at $515,000 and a short-term incentive target of 132% of base salary, and describes a restricted stock unit grant for 2026 that the company says is part of its regular compensation cycle.
Board appointment made on December 11, 2025; role takes effect January 1, 2026
Base salary of $515,000 for the fiscal year beginning January 1, 2026
Short-term cash incentive target equal to 132% of base salary, tied to goals to be set in the first quarter of 2026
Long-term grant of restricted stock units in the first quarter of 2026, expected to be 50% time-based and 50% performance-based, both over three years
CoreCivic amended its credit agreement, effective December 1, 2025, raising its revolving credit commitment by $300 million to $575 million, using $300 million of the accordion feature. The amended facility totals $700 million, including a $125 million term loan, and matures October 11, 2028. The company said the expansion adds balance sheet flexibility, and it made no additional borrowings in connection with the amendment.
Revolving credit commitment increased by $300 million to $575 million, effective December 1, 2025.
Amended facility totals $700 million: a $125 million term loan and a $575 million revolver, maturing October 11, 2028.
Per the press release, revolver borrowings outstanding were $165.0 million, letters of credit $18.6 million, and additional borrowing capacity $391.4 million after the amendment.
No additional borrowings were made in connection with the amendment, and the amendment did not change applicable margins.
CoreCivic reported third-quarter 2025 revenue of $580.4 million, up 18.1% from a year earlier, and net income of $26.3 million, or $0.24 per diluted share. It lowered its full-year 2025 guidance, citing start-up expenses at four newly contracted facilities that it expects to weigh on fourth-quarter results, while saying those facilities should support stronger 2026 results.
Q3 2025 net income was $26.3 million, or $0.24 per diluted share, compared with $21.1 million, or $0.19, in Q3 2024.
Full-year 2025 net income guidance was revised to $107.0 million to $113.0 million, down from $116.4 million to $124.4 million.
Full-year 2025 adjusted EBITDA guidance was revised to $355.0 million to $359.0 million, down from $365.0 million to $371.0 million.
In Q3 2025 the company repurchased 1.9 million shares for $40.0 million; $197.9 million of repurchase authorization remained as of September 30, 2025.
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.
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
CoreCivic reported second-quarter 2025 revenue of $538.2 million, up 9.8%, and diluted EPS of $0.35 versus $0.17 a year earlier. It raised its full-year 2025 guidance, with diluted EPS now expected at $1.08 to $1.15, up from $0.83 to $0.92, and adjusted EBITDA at $365.0 million to $371.0 million, up from $331.0 million to $339.0 million.
Q2 2025 revenue of $538.2 million, up 9.8%; net income of $38.5 million, up 103.4%
Full-year 2025 diluted EPS guidance raised to $1.08 to $1.15 from $0.83 to $0.92
Full-year 2025 adjusted EBITDA guidance raised to $365.0 million to $371.0 million from $331.0 million to $339.0 million
Company repurchased 2.0 million shares for $43.2 million in Q2 and closed the $67.0 million Farmville Detention Center acquisition on July 1, 2025
CoreCivic's board adopted an amended and restated executive severance and change-in-control plan on July 17, 2025, effective July 25, 2025. The changes lengthen the post-change-in-control protection period to 18 months, raise the CEO's non-change-in-control severance to 2 times the Severance Amount, and cut the change-in-control lump-sum multiplier for the CEO to 2.5 times and for other covered executives to 1.5 times.
Board adopted the amended plan on July 17, 2025, effective July 25, 2025, covering the CEO, CFO and executive vice presidents.
Change in Control Period extended to 18 months after a change in control.
CEO severance outside a change in control rises to 2 times the Severance Amount, which is base salary plus target annual cash bonus.
Change-in-control lump-sum multiplier cut from 2.99 times base salary to 2.5 times Severance Amount for the CEO and 1.5 times for other covered executives.
CoreCivic reported first-quarter 2025 net income of $25.1 million, or $0.23 per diluted share, up from $9.5 million, or $0.08, a year earlier, while revenue fell to $488.6 million from $500.7 million. The prior-year quarter included $27.2 million of debt refinancing expenses, and on an adjusted basis diluted EPS was $0.25 a year earlier, so adjusted EPS declined. The company raised its full-year 2025 net income guidance to $91.3 million to $101.3 million, reflecting reactivation of idle facilities under ICE agreements.
Q1 2025 revenue was $488.6 million, versus $500.7 million in Q1 2024; ICE revenue was $133.2 million, versus $153.8 million.
Q1 2025 net income was $25.1 million ($0.23 diluted EPS), versus $9.5 million ($0.08) in Q1 2024; Q1 2024 adjusted diluted EPS was $0.25.
Full-year 2025 net income guidance was raised to $91.3 million to $101.3 million from $53.5 million to $67.5 million; diluted EPS guidance rose to $0.83 to $0.92 from $0.48 to $0.61.
In Q1 2025 the company repurchased 1.9 million shares for $37.9 million, leaving $131.0 million of authorization as of March 31, 2025.
CoreCivic agreed under an amended intergovernmental services agreement with the City of Dilley, Texas and ICE to resume operations and care for up to 2,400 individuals at the South Texas Family Residential Center, and entered a new lease with Target Hospitality Corporation, the facility owner, over a period matching the ICE agreement. The company expects total annual revenue of about $180 million once the facility is fully activated and expects the award to be accretive to earnings beginning in the second quarter of 2025. The filing also adds three independent directors effective March 17, 2025, and reports that director Robert Dennis will not stand for re-election at the 2025 Annual Meeting.
Up to 2,400 individuals at the Dilley facility; amended IGSA expires in March 2030 and may be extended
Expected total annual revenue of about $180 million once fully activated, inclusive of medical services
S. Dawn Smith, Stacey Tank and Nina Tran join the Board effective March 17, 2025; Robert Dennis will leave at the 2025 Annual Meeting, reducing the Board to twelve
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CoreCivic filing is on SEC EDGAR ↗. 8-K briefs of other companies →