Cognizant said on July 11, 2024 that its board increased the size of the board to 13 directors and appointed Karima Silvent to the board, effective immediately. The company said Silvent will stand for re-election at the 2025 annual meeting of shareholders.

1. 01

   Cognizant said on July 11, 2024 that its board increased the size of the board to 13 directors and appointed Karima Silvent to the board, effective immediately. The company said Silvent will stand for re-election at the 2025 annual meeting of shareholders.

2. 02

   The company said the board determined that Silvent is an independent director under the rules of The Nasdaq Stock Market, LLC. It said the board plans to appoint her to one or more committees, with the specific assignments to be decided later.

3. 03

   The company said Silvent has been Group Chief Human Resources Officer and a member of the Management Committee of AXA since 2017, and a board member of AXA Investment Managers since 2019. The company cited her human resources, talent management, public policy and government affairs experience as the reasons for her selection to the board.

4. 04

   Cognizant said Silvent will receive a cash retainer of $89,863 and restricted stock units worth $197,698 that vest on July 11, 2025. It said these are the pro-rated portions of the $100,000 annual cash retainer and $220,000 restricted stock units paid to all directors.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.