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Get filing alertsTD SYNNEX formalizes compensation package for Hyve Solutions Chair Dennis Polk
Filed May 11, 2026 · Period ending May 5, 2026 · ~1 min read
Key Changes
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Dennis Polk appointed Chair of Hyve Solutions Holdings with $840K base salary plus 100% target bonus ($840K), totaling $1.68M in annual cash compensation tied to performance metrics set by the Compensation Committee.
Item 5.02 verify on EDGAR → -
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Polk to receive annual equity grants worth approximately $1.5M (60% time-based restricted stock, 40% performance-based RSUs), bringing total target annual compensation to roughly $840,000, $1,500,000, $840,000, $1,500,000, $840,000, $1,500,000,
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Agreement includes severance protections for termination without cause or resignation for good reason, with enhanced provisions in change-of-control scenarios. Specific payment amounts detailed in filed exhibit.
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Employment terms effective retroactively to December 1, 2025, but formalized via offer letter dated May 5, 2026, suggesting a six-month delay in documentation of the arrangement.
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Summary
TD SYNNEX disclosed updated employment terms for Dennis Polk as Chair of Hyve Solutions Holdings, a business unit within the company. The arrangement, effective December 1, 2025 but documented in May 2026, establishes total target annual compensation of approximately $3.18 million comprising $840,000 base salary, up to $840,000 in performance-based bonus, and $1.5 million in equity awards split between time-based and performance-based vesting. For retail investors, this disclosure provides transparency into executive compensation at the business unit level and signals TD SYNNEX's investment in leadership for its Hyve Solutions division.
The compensation structure aligns pay with performance through both annual bonus metrics and performance-based equity, which is standard for senior executive roles. The six-month gap between the effective date and formal documentation is unusual but may reflect internal approval processes. Investors should monitor Hyve Solutions' financial performance in upcoming earnings reports to assess whether this leadership investment delivers returns, and watch for any additional disclosures about the unit's strategic importance to TD SYNNEX's overall business.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
TD SYNNEX entered into updated employment terms with Dennis Polk as Chair, Hyve Solutions Holdings, effective December 1, 2025.
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On May 5, 2026, TD SYNNEX Corporation (the “Company”) entered into an updated offer letter with respect to the terms and conditions of Dennis Polk’s employment with the Company as Chair, Hyve Solutions Holdings of the Company, effective as of December 1, 2025 (the “Offer Letter”).
The company formalized updated employment terms for Dennis Polk in his role as Chair of Hyve Solutions Holdings, retroactive to December 1, 2025. This represents a documented compensation arrangement for a senior executive position overseeing a specific business unit.
Event · Item 9.01 — Financial Statements and Exhibits
TD SYNNEX filed an offer letter with Dennis Polk dated May 5, 2026, indicating a new executive hire or compensation arrangement.
Added in current filing · verify on EDGAR →
Offer Letter with Dennis Polk dated May 5, 2026.
TD SYNNEX disclosed an offer letter with Dennis Polk dated May 5, 2026. This indicates the company has extended a formal employment offer to Dennis Polk, likely for an executive or management position given the 8-K disclosure requirement. The specific role, compensation terms, and start date are contained in the attached exhibit but not detailed in the 8-K body.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify