TTEC Holdings, Inc. (TTEC) — Reincorporation detail

Why this firm matters

Vote scheduled for 2026-05-21; results pending.

Controller & ownership

CONTROLLED COMPANYFounder Majority

Kenneth Tuchman (CEO/Founder) + Proposing Group affiliates holds approximately 58.0% of voting power. This firm meets the strict listing-rule controlled-company threshold (controller holds >50% of voting power per NYSE Rule 303A.00 / Nasdaq Rule 5615(c)).

Source: TTEC 8-K 2025-07-31 — Tuchman + Proposing Group beneficially own ~58% of outstanding Common Stock; September 27, 2024 unsolicited take-private proposal at $6.85/share abandoned July 31, 2025 due to market conditions; majority-of-minority condition was non-waivable in proposed transaction

Vote outcome — reincorporation proposal

Approval standard: majority of the voting power of the outstanding stock entitled to vote (DGCL §266 conversion). Meeting type: annual.

Vote totals not yet pulled. Awaiting EDGAR Item 5.07.

Visual evidence — event study around the announcement

Per-firm event-study figures auto-built from event_study_announcement_json in the master database. Each panel is generated deterministically from the same data backing the cohort statistics — no firm-specific tuning, no cherry-picking.

TTEC's stock fell sharply the day the move was announced

**Bottom line.** TTEC fell sharply by 3.7% on announcement day. Across four different benchmarks for what "normal" should have looked like, the move was statistically indistinguishable from a normal trading day (p = 0.50).

This chart shows four different statistical lenses on what TTEC's stock did on the day the reincorporation was announced. Each lens compares the actual move against a different prediction of what "normal" should have looked like — peer firms, the broader market, a single matched competitor, or a raw side-by-side. The gold-edged bar marks the lens used in the cohort summary.

Method

Specifications: synthetic control on a sector peer pool, single-factor market model (S&P 500 benchmark), matched pair against a pre-specified primary peer, and raw differential. Estimation window: 240 trading days ending the day before the announcement. Standard errors via Patell-z (1976).

TTEC is one of the cohort's larger negative reactions

**Bottom line.** TTEC's reading sits in the negative tail of the cohort distribution. Worth pairing with the firm-specific story before drawing inferences about Texas/Nevada destination per se.

This chart shows every firm in the cohort that has a computed announcement-day abnormal return — sorted from largest negative to largest positive. TTEC is highlighted in gold. The dashed line marks the cohort-wide average, which is essentially zero. Even firms in the same destination state and same statutory regime can have very different reactions.

Method

Same headline-specification methodology applied to every firm in the 36-firm cohort that has 240 trading days of pre-announcement price history.

Data integrity. All figures generated by the same script (perfirm_gallery.py) on every release; SHA-256 verified at deploy time. See also: Cohort-wide event study →.

Event-study abnormal returns — announcement window

Returns around the announcement date.

Event date: 2026-04-09 · Estimation window: trailing 240 days; 240 valid after NaN drop

Specification	Day-0 AR	Inference
Market model (SPY benchmark) HEADLINEi	-3.71%	Patell-z p-value = 0.498

Event-study abnormal returns — vote window

Returns around the shareholder-vote (or written-consent) date.

Vote window CARs not yet computed (vote on 2026-05-21).

Long-run abnormal returns & pooled estimates

Buy-and-hold abnormal returns (1 / 3 / 6 / 12 months) and calendar-time portfolio alpha (CTE) post-effective.

No long-run / pooled estimates available for this firm yet — run phase5z_compute_longrun.py on Windows to populate (requires effective date ≥ 3 months ago).

Cohort-level robustness battery

Heckman selection-corrected ATE · Romano-Wolf step-down + BH FDR · pooled BHAR. This firm's reading is shown in context of the full cohort.

Heckman two-step selection correction (controlled-vs-widely-held)

Cohort ATE = +0.94% (SE = 7.06%, n = 2395) after correcting for controller-status selection (inverse Mills ratio = -0.062).

Romano-Wolf step-down + Benjamini-Hochberg FDR (n = 47)

This firm: raw p = 0.498, Romano-Wolf adjusted p = 1.000, BH-FDR adjusted p = 0.966. Multiple-hypothesis correction is computed across the full cohort to control family-wise error rate at alpha = 0.05.

Pooled cohort BHAR (mover firms only)

BHAR_63d: mean = -5.60% (SE = 22.11%, n = 3, p = 0.499) · BHAR_126d: mean = +17.33% (SE = 41.17%, n = 3, p = 0.774)

See Cohort event study → for the full battery and forest plots.

Texas Statutory Adoptions

Status: N/A pending reincorporation.

The Texas opt-in statutory regimes (TBOC §21.552 / SB 29 derivative threshold; TBOC §21.373 / SB 1057 shareholder-proposal threshold) are available only to firms that are nationally listed Texas corporations. TTEC Holdings, Inc. is not yet Texas-incorporated; the move is pending shareholder vote with a proposed effective date of TBD. These adoptions can be elected only on or after the firm's TX effective date.

Source filings

Primary-source documents on SEC EDGAR plus IR / search links.

No source filings linked for this firm.

Classification & audit trail

Bucket

D

Panel eligibility

PANEL_E_DE_baseline

Audit status

EDGAR_LOOKUP_NEEDED

Source confidence

—

Transaction status

COMPLETED

Audit notes

Effective date present but no Accession URL in v6 rev78; retrieve from EDGAR. [2026-04-29] phase5x: bucket 'A' -> 'D' (post-SB29 future-vote firm; future meeting date in dataset; should be pending until vote completes); Decision #2 per Shane 2026-04-29
[2026-04-29] v3.83: ENABLED — flag 0→1. Annual meeting May 21, 2026; 48,611,167 shares outstanding (record date Mar 31, 2026); CEO Kenneth D. Tuchman 57.3% voting power. DGCL §266 conversion; rationale: align with Austin headquarters + Texas Business Court adoption.