TTEC — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-10

• The Redomestication became effective on May 28, 2026 (the “effective Time”), at which time the Company converted from a corporation organized under the laws of the State of Delaware to a corporation organized under the laws of the State of Texas. In connection with the Redomestication, the Company’s…

• On August 10, 2026, TTEC announced that its Board of Directors authorized management to evaluate potential strategic alternatives for its TTEC Digital business to best position it to realize its full growth potential and maximize shareholder value. While the Board is prepared to consider a range of …

• PJT Partners is serving as an independent financial advisor to TTEC in connection with the review of strategic alternatives. The Board has not set a deadline or definitive timeline for the completion of this review, and the Company does not intend to disclose developments unless or until a definitiv…

• The decrease in revenue for the TTEC Engage segment is primarily due to client attrition and the absence of revenue from a short-term contract that was completed during the prior year period.

• Included in the three months ended June 30, 2026 was a $1.0 million gain due to changes in foreign currency rates.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• If the shareholders vote to approve redomestication at the Annual Meeting on May 21, 2026, the Company plans to affect the redomestication via conversion from a corporation organized under the laws of the State of Delaware to a corporation under the laws of the State of Texas in the second quarter o…

• The decrease in revenue for the TTEC Engage segment is primarily due to the completion of a prior year short-term contract and Management’s continuous evaluation of its remaining portfolio.

• Included in the three months ended March 31, 2025 was a $3.9 million gain related to a recovery of an aged VAT receivable.

• The effective tax rate for the three months ended March 31, 2026 was 297.6%. This compares to an effective tax rate of 74.2% for the comparable period of 2025. The effective tax rate for the three months ended March 31, 2026 is primarily driven by the distribution of income between the U.S. and inte…

• Our principal sources of liquidity are our cash generated from operations, our cash and cash equivalents, and borrowings under our Credit Facility. During the three months ended March 31, 2026, we generated operating cash flows of $27.5 million. We believe that our cash generated from operations, ex…

Text added vs the prior filing · source: 10-Q · 2026-08-10

• John Abou Appointment as Chief Executive Officer of TTEC Engage. Effective August 5, 2026, the Company appointed John Abou, as Chief Executive Officer of TTEC Engage business segment. Mr. Abou previously served as the President of this business segment. As a result of this appointment, Mr. Abou cont…

• Pursuant to the Amendment Mr. Abou’s base salary increased from $600,000 to $625,000; his annual variable incentive plan target opportunity was set at up to 100% of base salary beginning with the 2026 performance year, with a guaranteed 2027 variable incentive payment (payable in 2028) equal to the …

• Christopher Brown Appointment as President of TTEC Digital. As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on March 23, 2026, the Company announced the appointment of Christopher J. Brown as President of TTEC Digital. As a result of this appointment, Mr. Brown …

• Executive Retention Program. On July 24, 2026, the Compensation Committee of the Board approved a one-time senior executive retention bonus program (the “Retention Program”) to incentivize continuity of leadership among the Chief Executive Officer’s direct reports through one or more anticipated tra…

• The Company’s participating named executive officers were granted the following awards: effective July 24, 2026, Kenneth R. Wagers, III, Chief Financial Officer, was granted 100,000 RSUs (grant date fair value of $210,000) and a $350,000 cash award, for a total value of $560,000, with the cash award…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• During the three months ended March 31, 2026, none of the Company's directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, terminated or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as such terms are defined in Item 408 of Regulation S-…