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 OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June20, 2018, the Board of Directors (the “Board”) of Cardtronics plc (the “Company”) increased its size to ten (10)directors and appointed Warren C. Jenson and Douglas L. Braunstein to the Board for an initial term ending at the Company’s annual general meeting in 2019 and 2020, respectively. Mr.Braunstein will serve as a ClassI director and as a member of the Finance and Compensation Committees. Mr.Jenson will serve as a ClassIII director and as a member of each of the Audit and Nominating& Governance Committees.
Mr.Braunstein currently serves as Managing Partner and Co-Founder of Hudson Executive Capital LP (“HEC”), which is the Company’s largest shareholder and owns approximately 17.5% of the Company’s common stock. Prior to founding HEC, Mr.Braunstein served in several senior leadership roles at JPMorgan Chase& Co., including as Chief Financial Officer and Vice Chairman, as well as head of JP Morgan’s investment banking business. Mr.Braunstein currently serves as a director at Eagle Pharmaceuticals,Inc. and Corindus Vascular Robotics,Inc.
Mr.Jenson currently serves as Chief Financial Officer& Executive Vice President of Acxiom and as President of Acxiom International since 2012. He has held numerous other public and private company CFO roles including at Silver Spring Networks Inc., Electronic Arts Inc., NBC, Amazon.com and Delta Air Lines. Mr.Jenson also brings public company board experience having previously served as a director of DigitalGlobe,Inc. from 2008 to 2017.
Mr.Braunstein and Mr.Jenson will receive compensation commensurate with the other non-employee directors and based on their committee service, which will be prorated for the remainder of 2018. The Company’s director compensation program is described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April12, 2018.
In connection with the appointments of Mr.Braunstein and Mr.Jenson to the Board and the Committees on which they will serve, the Board determined that Tim Arnoult will no longer serve on the Finance Committee and that Mark Rossi will no longer serve on the Audit Committee as of the date Mr.Braunstein and Mr.Jenson join the Board.
A copy of the press release announcing the appointments of Douglas L. Braunstein and Warren C. Jenson is attached hereto as Exhibit99.1
Item 9.01 Financial Statements and Exhibits.
99.1 Press release dated June21, 2018