Concentrix Corporation filed an 8-K on September 18, 2026, disclosing that Cormac Twomey, Executive Vice President, Customer Success, will step down from his role effective December 31, 2026, following an agreement reached on September 15, 2026.

Key Highlights

  • Departure confirmed: Cormac Twomey, Executive Vice President, Customer Success, agreed to step down effective December 31, 2026.
  • Agreement date: The separation agreement between the Company and Mr. Twomey is dated September 15, 2026.
  • Severance basis: Mr. Twomey will receive severance benefits under the Company's Amended and Restated Executive Severance Plan and a Service Agreement dated January 7, 2019, between Concentrix CVG CMG UK Limited and Mr. Twomey.
  • Post-departure consulting: Following his separation, Mr. Twomey has agreed to provide limited transition support services as a consultant for a 60-day period.
  • Severance trigger: Benefits are applicable for a termination without cause or in lieu of notice, as the case may be, according to the filing.

Concentrix Discloses Executive Departure and Severance Terms

According to the 8-K filed by Concentrix Corporation (NASDAQ:CNXC) on September 18, 2026, the company and Cormac Twomey reached an agreement on September 15, 2026, under which Mr. Twomey will step down from his position as Executive Vice President, Customer Success. His separation date is set as December 31, 2026.

The filing states that the severance benefits Mr. Twomey will receive are governed by two instruments: the Company's Amended and Restated Executive Severance Plan, and a Service Agreement effective January 7, 2019, between Concentrix CVG CMG UK Limited and Mr. Twomey. The filing specifies those benefits apply "for a termination without cause or in lieu of notice, as the case may be." The agreement does not detail the specific monetary value or components of those benefits in the filing text.

Following the December 31, 2026 separation, Mr. Twomey has agreed to provide limited transition support services to the Company in a consulting capacity for a 60-day period, according to the disclosure. The 8-K was signed on behalf of Concentrix Corporation by Jane C. Fogarty, Executive Vice President, Legal.

What Was Disclosed

Concentrix Corporation reported the planned departure of its Executive Vice President, Customer Success, effective December 31, 2026, along with the key terms of his separation agreement, including severance entitlement and a post-departure 60-day consulting arrangement.