Short answer
CoreCivic, Inc. (CXW) filed an 8-K current report with the SEC on September 25, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Patrick Swindle resigned as CEO and director effective September 24, 2026, due to health reasons.
CoreCivic, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Patrick Swindle resigned as CEO and director effective September 24, 2026, due to health reasons
- Lucibeth Mayberry, former Chief Strategy Officer, became CEO and joined the Board, providing internal leadership continuity
- Swindle remains Special Advisor through September 24, 2028, with first-year salary maintained and second-year salary reduced to 50%
- Transition payments include $2,293,270 cash incentive and $8,059,609 for forfeited unvested equity awards
- Mayberry receives $900,000 base salary, 135% incentive target, and approximately $2.5 million in 2027 restricted stock units
Item 7.01 · Regulation FD Disclosure
- Mayberry appointed President and CEO effective September 25, 2026
- Swindle resigned as President and CEO due to health reasons
- Leadership transition creates execution and strategic-continuity risk for investors
- Exhibit 99.1 contains the company’s press release and additional transition details
Item EX-99.1 · Exhibit EX-99.1
- Leadership transition: Lucibeth N. Mayberry appointed President, CEO and director effective September 25, 2026
- Patrick D. Swindle resigned as CEO and director due to stage four metastatic pancreatic cancer
- Mayberry brings 19 years at CoreCivic and has served as Chief Strategy Officer since May 2025
- Swindle to remain involved as special advisor during the transition
- Mayberry reaffirmed continuity in capital allocation strategy and operational execution focus
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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