Bright Horizons Family Solutions announced third-quarter 2026 results and revised full-year guidance on Oct. 29, while also naming a new director to replace a retiring board member. The available announcement text does not include the financial results or the updated guidance figures.
- Board transition: Mary Ann Tocio plans to retire from the board effective Dec. 1. She serves on the Audit Committee; the company said her departure is not related to a disagreement.
- New director: Seth Siegel will join the board on Dec. 1, fill Tocio’s seat and serve on the Audit Committee. He is expected to stand for reelection at the 2027 annual meeting.
- Siegel’s background: He was CEO of Grant Thornton from August 2022 to January 2025 and a senior adviser to the firm through April 2025. Over 30 years there, he held several leadership roles and worked on auditing and advising large companies on financial reporting, transactions and governance. He is a licensed CPA.
- Director compensation: Siegel will receive compensation under the company’s non-employee director program, including a prorated equity award.
The board change preserves the Audit Committee seat as Tocio retires and brings in a director with extensive accounting, audit and governance experience.