TERADATA CORP /DE/ 8-K

What Happened Teradata Corporation (TDC) filed an 8-K reporting that its Board approved, effective March 1, 2026, an expansion of the Board from nine to ten directors and the election of Melissa Fisher as a Class I director. Ms. Fisher was also appointed to the Audit Committee and the Nominating and Governance Committee and has been designated an Audit Committee Financial Expert. The changes follow a February 11, 2026 Cooperation Agreement with Lynrock Lake Partners LLC, Lynrock Lake LP, Lynrock Lake Master Fund LP and Cynthia Paul.

Key Details

• Board size increased from 9 to 10 directors; Class I seats expanded from 3 to 4.
• Melissa Fisher elected effective March 1, 2026; term expires at the 2026 annual meeting.
• Fisher appointed to the Audit Committee (designated Audit Committee Financial Expert) and Nominating & Governance Committee.
• In connection with the Cooperation Agreement, director Daniel Fishback will retire at the end of his current term (will not stand for re-election at the 2026 Annual Meeting); he has served since 2017 and his retirement is not due to any disagreement with the Company.
• Ms. Fisher is independent per Teradata and NYSE/SEC requirements and will receive standard non-employee director compensation as described in Teradata’s 2025 proxy.

Why It Matters This filing documents a governance change that could affect board oversight and investor confidence: the Board has added an independent director with audit expertise and expanded committee membership, while a long-serving director will step down at the next annual meeting. Investors should note the involvement of activist stockholder parties via the Cooperation Agreement and the formal designation of an Audit Committee Financial Expert, which may influence financial oversight and corporate governance going forward.