Teradata Corporation Elects Bernd Leukert to Board, Effective Aug 1, 2026

What Happened

• Teradata Corporation announced that, effective August 1, 2026, its Board of Directors expanded from nine to ten members and elected Bernd Leukert as a Class II director. Mr. Leukert’s initial term expires at Teradata’s 2027 annual meeting of stockholders.
• Mr. Leukert was also appointed to the Board’s Nominating and Governance Committee. The Board has determined he is independent under Teradata’s Corporate Governance Guidelines and NYSE/SEC requirements.
• This action implements the Company’s February 11, 2026 Cooperation Agreement with Lynrock Lake Partners LLC, Lynrock Lake LP, Lynrock Lake Master Fund LP and Cynthia Paul, which anticipated electing a second director by August 1, 2026.

Key Details

• Board size increased from 9 to 10 directors; Class II directors increased from 3 to 4.
• Bernd Leukert elected as Class II director, term expiring at the 2027 Annual Meeting (effective Aug 1, 2026).
• Mr. Leukert appointed to the Nominating and Governance Committee and is deemed independent.
• No related-party transactions involving Mr. Leukert were reported and no other arrangements exist beyond the Cooperation Agreement.
• Mr. Leukert will receive non-employee director compensation under Teradata’s Director Compensation Program (as described in the Company’s March 26, 2026 proxy).

Why It Matters

• This filing documents a governance change required by a previously disclosed cooperation agreement with an investor group, signaling the company has fulfilled its commitment to add another director.
• For investors, the immediate financial impact is limited, but the board composition change can affect oversight, corporate governance and potentially strategic direction over time.
• The independence determination and committee assignment are relevant for evaluating board independence and governance practices.