Recent Updates — SNX
TD SYNNEX Corporation entered into an updated offer letter with Chief Legal Officer David Vetter, effective July 10, 2026. Under the terms, Mr. Vetter will receive an annual base salary of $670,000 and is eligible for an annual incentive bonus targeted at 100% of his base salary. Additionally, he will be granted equity awards with a fair market value of approximately $1,500,000, consisting of 60% time-based restricted stock and 40% performance-based restricted stock units. TD SYNNEX is a technology solutions provider in the IT distribution industry.
TD SYNNEX Corporation entered into documentation for a EUR 650 million European receivables securitization program on June 26, 2026. The program involves multiple parties including BNP Paribas S.A. and TD SYNNEX Ireland Receivables I DAC as issuer, and is structured as a revolving securitization to fund the purchase of eligible receivables. The scheduled amortization date is June 25, 2028, with a potential extension to 2031. TD SYNNEX Corporation operates in the technology distribution industry.
TD SYNNEX Corporation announced its fiscal second quarter 2026 financial results and declared a quarterly dividend of $0.48 per common share for the third quarter of fiscal year 2026. TD SYNNEX is a global distributor of technology products and solutions.
TD SYNNEX Corporation appointed Douglas Britt to its Board of Directors and its Audit and Technology Committees, effective June 17, 2026. The appointment increases the Board size from ten to eleven members. TD SYNNEX Corporation is a global distributor of technology products and solutions.