Teradata, Lynrock Lake Reach Cooperative Board-Refresh Deal; Melissa Fisher Appointed

Teradata and Activist Reach Governance Deal

Teradata Corporation says it reaches a cooperation agreement with activist investor Lynrock Lake LP to refresh its board, appointing Melissa Fisher as a Class I director and launching a search for an additional independent director. The company announces Fisher’s expected onboarding by March 1, 2026 and her nomination for election at the 2026 annual meeting, under a phased plan that retires one Class I director at the 2026 meeting and one Class II director at the 2027 meeting.

Melissa Fisher Joins Board to Drive Strategic Transformation

Teradata describes Fisher as bringing finance and technology leadership from her prior role as chief financial officer of Outreach.io, the AI Revenue Workflow company. The board expects her sector experience and financial acumen to contribute to ongoing strategic transformation, long‑term growth initiatives and operational excellence as the company refines its cloud and analytics positioning.

Under the cooperation agreement, Lynrock Lake agrees to support Teradata’s full slate of directors at the 2026 annual meeting and to customary standstill, mutual non‑disparagement and voting provisions while the company conducts an active search with Lynrock for an additional independent candidate to join after the 2026 meeting. Teradata frames the arrangement as a phased, collaborative refresh that aims to stabilise governance and accelerate execution on strategic priorities.

Company officials say the pact is intended to balance shareholder input with orderly board renewal. Chairman Mike Gianoni is quoted as saying Fisher will add important perspective to management’s initiatives, while Cynthia Paul, CIO and CEO of Lynrock Lake, characterises the outcome as collaborative and oriented toward advancing strategic initiatives and shareholder value.

Agreement Terms, Filing and Advisers

Teradata says it will file the cooperation agreement as an exhibit to a Current Report on Form 8‑K with the U.S. Securities and Exchange Commission. The company names Foros as financial adviser, Sullivan & Cromwell LLP as legal counsel and Collected Strategies for communications; Lynrock Lake is represented by Olshan Frome Wolosky LLP.

Fisher’s appointment underscores Teradata’s focus on blending finance, technology and AI expertise at the board level as the enterprise software firm pursues modernization of its analytics and cloud offerings. The arrangement signals a pragmatic route to board renewal that preserves management continuity while addressing investor demands for governance change.