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HSBC Starts Cognizant Technology Solutions (CTSH) at Buy

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Cognizant (CTSH) Says Conducting Internal Investigation Over Potential FCPA Violations

September 30, 2016 8:10 AM EDT

Cognizant (Nasdaq: CTSH) disclosed the following in a U.S. SEC filing on Friday:

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As announced in the press release attached hereto as Exhibit 99.1 and incorporated by reference into this Item 5.02, on September 27, 2016, Gordon Coburn resigned from his position as President of Cognizant Technology Solutions Corporation (Cognizant or the Company), and on September 28, 2016, the board of directors (the Board) of the Company appointed Rajeev Mehta, current Chief Executive... More