CFO plans 2027 retirement; successor search remains the open question.

- This is an orderly succession notice, not an abrupt executive exit. Albert Miralles intends to retire in 2027 but will remain CFO until a successor is appointed, then stay on as an Executive Advisor through March 31, 2028. That continuity reduces the immediate disruption normally associated with a CFO departure. *(Officer Transition — Item 5.02)*

- There is no new financial or operating information to re-rate expectations. The filing provides no earnings update, guidance change, capital-allocation action, or identified replacement. The only material unknown is who CDW selects as CFO and whether that person signals any change in financial or growth priorities. *(Officer Transition — Item 5.02; Exhibit index)*

- The compensation terms reinforce a planned handoff rather than a contested departure. Miralles keeps current compensation through March 31, 2027, remains eligible for 2026 and prorated 2027 annual incentives, and then shifts to a $60,000 advisory salary without annual or long-term incentives through March 31, 2028. His severance protections end after March 31, 2027. *(Officer Transition — Item 5.02; Letter Agreement summary)*

- Net read: largely neutral versus expectations. A named successor would have made this more decision-relevant; without one, the filing chiefly formalizes a long-dated transition and leaves CDW's financial outlook unchanged.