Summary:
Chris Drumgoole resigned as President, Global Infrastructure Services at DXC Technology, effective July 30, 2026, with no disagreement or severance arrangements. Paul J. Taylor (age 55) was appointed President, DXC, effective August 10, 2026. Taylor brings over 25 years of tech/finance leadership (ex-CEO of HUB Platform, ex-Partner at IHS Markit). His compensation includes: $1M base salary (adjusted to £769,820), 200% target bonus, equity target of 900% of base salary, a prorated FY2027 LTI, and a $3.75M inducement award (40% RSUs vesting over 3 years, 60% PSUs). Severance includes prorated accelerated vesting on qualifying termination.
Original SEC Filing Text expand_more
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of President, Global Infrastructure Services On July 25, 2026, Mr. Chris Drumgoole notified DXC Technology Company (the Company ) of his decision to resign as President, Global Infrastructure Services, effective July 30, 2026. Mr. Drumgoole s decision to resign was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. No separation or compensatory arrangements have been entered into in connection with Mr. Drumgoole's resignation. Appointment of President, DXC On July 30, 2026, the Company announced that it has appointed Paul J. Taylor to serve as President, DXC effective August 10, 2026. Mr. Taylor, age 55, brings more than 25 years of leadership experience across technology, financial services, and investment management. He most recently served as Chief Executive Officer of HUB Platform Technology Partner Ltd., a technology-enabled operating platform for the asset management industry, from June 2021 through May 2026. Prior to that, Mr. Taylor served as a Partner at IHS Markit from March 2015 through June 2021. Earlier in his career, Mr. Taylor was Chief Executive Officer and Partner of Eclectica Asset Management. In connection with Mr. Taylor s appointment as President, DXC, Mr. Taylor will receive compensation that includes an annual base salary of 769,820 (derived from a U.S. dollar base salary of $1,000,000) and annual bonus eligibility with a target amount of 200% of base salary. Mr. Taylor will also be eligible to receive equity awards each fiscal year with an initial target value equal to 900% of base salary. Mr. Taylor will receive a prorated long-term incentive award for fiscal year 2027 based on his start date. In addition, Mr. Taylor will receive a one-time inducement equity award with a grant-date value of $3.75 million, designed to bridge the difference between the prorated fiscal year 2027 long-term incentive award and a full-year target long-term incentive opportunity. Forty percent of the inducement award will be granted in the form of restricted stock units ("RSUs"), vesting in three equal annual installments on the first three anniversaries of the grant date, subject to continued employment. Sixty percent of the inducement award will be granted in the form of performance-based restricted stock units ("PSUs"). The terms and conditions of the prorated fiscal year 2027 long-term incentive award and the inducement award comprising RSUs and PSUs will generally be consistent with those applicable to the fiscal year 2027 equity awards granted to the Company's other senior executive officers. In the event of a termination without Cause by the Company prior to the full vesting of the prorated fiscal year 2027 long-term incentive award and the inducement award, Mr. Taylor will receive prorated accelerated vesting of the RSUs and prorated continuation of the PSUs, with the prorated PSUs vesting based on actual performance following completion of the performance period. Mr. Taylor will also be eligible to participate in employee benefit plans and programs maintained by the Company, including the Company s Severance Plan for Senior Management and Key Employees and will receive certain additional benefits customary for United Kingdom-based executives as well as certain additional benefits appropriate to the seniority of his role. The foregoing description of Mr. Taylor's compensation arrangements is qualified in its entirety by reference to the employment agreement between the Company and Mr. Taylor, which the Company expects to file as an exhibit to a future periodic report.