GLOBAL PAYMENTS INC 8-K

What Happened

• Global Payments Inc. filed an 8-K on January 14, 2026 reporting two senior officer changes notified January 9, 2026. Executive Vice President and Chief Accounting Officer David Sheffield notified the company he will retire effective March 1, 2026. Senior Executive Vice President and Chief Administrative Officer David Green resigned from his executive officer role effective January 9, 2026 and will remain briefly in a non‑executive capacity to assist the transition.
• The company expects to appoint a successor Chief Accounting Officer and principal accounting officer prior to Mr. Sheffield’s retirement. The filing states neither departure resulted from any disagreement with the company regarding operations, policies or accounting matters.

Key Details

• David Sheffield’s retirement effective March 1, 2026; successor CAO expected to be named before that date.
• David Green ceased serving as Senior Executive VP & Chief Administrative Officer as of January 9, 2026 but will assist with transition in a non‑executive role.
• Mr. Green’s resignation is characterized as for “good reason” under his employment agreement; he will receive payments and benefits under that agreement and will execute a customary release of claims.
• Filing notes explicitly that neither departure was due to disagreements on accounting policies or company practices.

Why It Matters

• A principal accounting officer change is material for investors because it relates to who oversees the company’s financial reporting and internal controls; the company’s plan to name a successor before Sheffield’s March 1 retirement aims to preserve continuity.
• The administrative officer change appears to be a planned transition with contractual separation terms; the company reports no disputes with management, which reduces immediate governance concerns.
• Investors should watch for the announcement of the successor CAO and any additional disclosures about transition timing or impacts on financial reporting.