CDK Global, Inc. (NASDAQ:CDK) 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
Arrangements of Certain Officers.
On May 25, 2017, CDK Global, Inc. (the Company) announced that,
effective May 31, 2017, Alfred A. Nietzel will depart from his
position as Executive Vice President, Chief Financial Officer of
the Company.
In connection with Mr. Nietzels departure, effective May 31,
2017, Lee J. Brunz, the Companys Executive Vice President,
General Counsel and Secretary, has been appointed to serve as the
Companys interim Chief Financial Officer in addition to
maintaining his current responsibilities, while the Company
executes its search for a new Chief Financial Officer.
Mr. Brunz, age 47, has served as the Companys Executive Vice
President, General Counsel and Secretary since its spin-off from
Automatic Data Processing, Inc. (ADP) in September 2014. Mr.
Brunz served as Vice President, Counsel for the Digital Marketing
business of the Dealer Services division of ADP since Dealer
Services 2010 acquisition of Cobalt Holding Company. Prior to
joining the Dealer Services division of ADP, he served as Vice
President, Finance General Counsel of Cobalt from 2008 to 2010.
Item 7.01. Regulation FD Disclosure.
On May 25, 2017, the Company issued a press release announcing
Mr. Nietzels departure. A copy of the press release is attached
to this Current Report on Form 8-K as Exhibit 99.1 and is
incorporated by reference herein.
The information in this Item 7.01 and Exhibit 99.1 hereto is
furnished solely to Item 7.01 of this Form 8-K. Consequently, it
is not deemed “filed” for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, (the “Exchange Act”)
or otherwise subject to the liabilities of that section. It may
only be incorporated by reference in another filing under the
Exchange Act or Securities Act of 1933, as amended, if such
subsequent filing specifically references this Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description of Exhibit |
| 99.1 | Press Release issued by CDK Global, Inc. on May 25, 2017 |
About CDK Global, Inc. (NASDAQ:CDK)
CDK Global, Inc. provides integrated information technology and digital marketing solutions. The Company’s segments include Retail Solutions North America, Advertising North America and CDK International. Through its Retail Solutions North America segment, the Company provides technology-based solutions, including automotive Website platforms, that help automotive retailers, original equipment manufacturers (OEMs) and other industry participants manage the acquisition, sale, financing, insuring, parts supply, repair and maintenance of vehicles. Through its Advertising North America segment, the Company provides advertising solutions, including management of digital advertising spend, for OEMs and automotive retailers. As of June 30, 2016, through its CDK International segment, it provided technology-based solutions similar to the retail solutions provided in its Retail Solutions North America segment in approximately 100 countries outside of the United States and Canada. CDK Global, Inc. (NASDAQ:CDK) Recent Trading Information
CDK Global, Inc. (NASDAQ:CDK) closed its last trading session down -0.02 at 61.19 with 512,628 shares trading hands.
