On January 22, 2016, Teradata Corporation entered into second amendments to its revolving credit agreement dated as of March 25, 2015 with Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, Citibank, N.A., HSBC Bank USA, N.A., the Bank of Tokyo-Mitsubishi UFJ Ltd. and U.S. Bank National Association, as Co-Documentation Agents, and the other lenders party thereto and to its term loan agreement dated as of March 25, 2015 with JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of America, N.A., as Syndication Agent, Citibank, N.A., HSBC Bank USA, N.A., The Bank of Tokyo-Mitsubishi UFJ Ltd. and U.S. Bank National Association, as Co-Documentation Agents, and the other lenders party thereto. The second amendments amend the definition of the term “Change in Control” in the revolving credit agreement and the term loan agreement in certain respects. A Change in Control, constitutes an event of default under both agreements. On January 22, 2016, the company also entered into third amendments to the revolving credit agreement and the term loan agreement. The third amendments modify certain covenants made by Teradata in the revolving credit agreement and the term loan agreement to expressly permit the sale or other disposition by Teradata of its marketing applications business so long as such sale or other disposition is consummated on or before January 31, 2017.

On January 26, 2016, Mr. Edward P. (Pete) Boykin, a director of the company, notified that he will retire from the Teradata board of directors at the 2016 annual meeting of stockholders and, accordingly, he will not be standing for reelection by the stockholders at the meeting and will resign from the board of directors effective at the end of his current term, which expires at the annual meeting. On January 26, 2016, the Teradata board of directors also reduced the number of directors on the board and in the class of directors to be elected at the 2016 annual stockholders' meeting (Class III) by one, effective with the expiration of Mr. Boykin's current term at the 2016 annual meeting of stockholders.