Core Viewpoint - Teradata Corporation is advancing its Board refreshment program by appointing Melissa Fisher as a new Class I director and entering into a cooperation agreement with Lynrock Lake LP to enhance its strategic initiatives and shareholder value [1][2]. Board Changes - One Class I director will retire and not stand for reelection at the 2026 Annual Meeting, and one Class II director will retire and not stand for reelection at the 2027 Annual Meeting [1]. - The Board is actively searching for an additional independent director to join after the 2026 Annual Meeting, collaborating with Lynrock Lake for candidate selection [1]. Appointment of Melissa Fisher - Melissa Fisher is expected to be appointed as a Class I director by March 1, 2026, and will be nominated for election at the 2026 Annual Meeting, with her term expiring at the 2029 Annual Meeting [1]. - Fisher has extensive experience in finance and technology, having served as CFO at Outreach.io and Qualys, and has a background in investment banking at Goldman Sachs and BofA Securities [1][2]. Cooperation Agreement with Lynrock Lake - Lynrock Lake has agreed to support the Board's full slate of directors at the 2026 Annual Meeting and has committed to customary standstill, mutual non-disparagement, and voting provisions [1]. - The agreement aims to foster collaboration for the long-term value potential of Teradata and to enhance strategic initiatives [1][2]. Advisors - Foros is serving as the financial advisor, Sullivan & Cromwell LLP as legal counsel, and Collected Strategies as strategic communications advisor to Teradata [1].