GLOBAL PAYMENTS INC 8-K

What Happened

• Global Payments Inc. (GPN) filed an 8-K on Feb 18, 2026 announcing its financial results for the quarter and year ended December 31, 2025 (press release furnished) and disclosing leadership changes.
• The board appointed Vivek Sankaran as a new independent director, effective February 19, 2026. The company also named Jennifer Bozeman Whyte as Chief Accounting Officer and principal accounting officer, effective March 1, 2026.

Key Details

• Financial disclosure: press release announcing quarterly and full‑year results for the period ended Dec 31, 2025 was issued on Feb 18, 2026. (See Exhibit 99.1 in the 8‑K.)
• Director appointment: Vivek Sankaran joins the Board and will serve on the Audit and Compensation Committees, compensated on the same basis as other non‑employee directors. Sankaran is the former CEO of Albertsons, previously led Frito‑Lay North America at PepsiCo, and was a partner at McKinsey; he holds degrees from IIT Chennai, Georgia Tech and an MBA from the University of Michigan.
• Chief Accounting Officer: Jennifer Bozeman Whyte (with Global Payments since 2007 and a licensed CPA in Georgia) becomes CAO/principal accounting officer effective March 1, 2026.
• CAO compensation: Whyte’s package includes a $420,000 base salary, a target bonus equal to 65% of base, annual equity target equal to 85% of base, and at‑least 52 weeks’ salary severance if terminated without cause.

Why It Matters

• Earnings/financial results: the company’s press release on results for Q4 and FY‑2025 is material for investors evaluating revenue, profit and guidance; review the release for the specific numbers and any outlook changes.
• Leadership changes: adding an experienced consumer/operations executive to the Board (Sankaran) and appointing an internal finance leader as CAO (Whyte) are management‑team developments that affect governance, financial reporting responsibility and investor confidence.
• Compensation and severance terms for the new CAO are disclosed and could be relevant to assessments of executive costs and potential change‑in‑control or transition expenses.