Cardtronics plc (NASDAQ:CATM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Cardtronics plc (NASDAQ:CATM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

On March 31, 2017, Jonathan Simpson-Dent, Chief Commercial Officer of Cardtronics plc (the “Company”), gave, and the Company accepted, notice of his intention to terminate his employment with the Company effective January 31, 2018 (the “Termination Date”).

In connection with the termination of Mr. Simpson-Dent’s employment, Cardtronics UK Limited, a subsidiary of the Company, and Mr. Simpson-Dent entered into a settlement agreement (the “Settlement Agreement”). to the Settlement Agreement, Mr. Simpson-Dent will remain in his current position through June 30, 2017, at which time he will transition into an advisory role for the remainder of his service with the Company. The Settlement Agreement entitles Mr. Simpson-Dent to the following:

· his current salary and benefits through September 30, 2017;

· compensation on an “as needed” basis at a daily rate of £1,590 in an advisory capacity from October 1, 2017 through the Termination Date; and

· a bonus of £288,750 to be paid following the Termination Date, subject to certain requirements including Mr. Simpson-Dent’s continued service in an advisory capacity through the Termination Date and his execution of a release of claims.

Equity awards held by Mr. Simpson-Dent scheduled to vest prior to the Termination Date shall vest in accordance with the applicable vesting schedule, while any equity awards not vested as of the Termination Date shall be forfeited and deemed cancelled.

In addition, Mr. Simpson-Dent shall comply with certain non-competition, non-solicitation, non-disclosure and non-disparagement covenants.

Mr. Simpson-Dent’s termination of employment does not involve any disagreement with the Company or any matter relating to the Company’s operations, policies or practices.


About Cardtronics plc (NASDAQ:CATM)

Cardtronics PLC, formerly Cardtronics, Inc., is a provider of automated consumer financial services. The Company provides these services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The Company’s operations consisted of its North America and Europe segments. Its North America segment includes operations in all 50 states, Puerto Rico, Canada and Mexico. Its Europe segment includes its operations in the United Kingdom, Germany and Poland. In the United States, certain of the Company’s devices are multi-function financial services kiosks that, in addition to traditional ATM functions, such as cash dispensing and bank account balance inquiries, perform other consumer financial services, including bill payments, remote deposit capture (which is deposit taking at ATMs using electronic imaging), and money transfers. It also owns and operates the Allpoint network, which is a surcharge-free ATM network within the United States.

Cardtronics plc (NASDAQ:CATM) Recent Trading Information

Cardtronics plc (NASDAQ:CATM) closed its last trading session up +0.12 at 45.62 with 288,123 shares trading hands.