Diebold Nixdorf, Incorporated (NYSE:DBD) 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 March 21, 2018, Dr. Juergen Wunram, Senior Vice President and Chief Operating Officer, informed Diebold Nixdorf, Incorporated (the “Company”) that he will retire on May 31, 2018. Dr. Wunram will also step down from his position on the Company’s Board of Directors as well as officer and director positions of Diebold Nixdorf AG on the same date. The Company and Dr. Wunram have agreed that, upon his retirement on May 31, 2018, he will receive (i) the pro-rata portion of his 2018 annual cash bonus award (based on 50% achievement) in the amount of €229,605 and (ii) the annual contribution to his Wincor Nixdorf Pension Scheme in the amount of €100,000. Dr. Wunram’s outstanding stock options and restricted stock units will become nonforfeitable and vest in accordance with the terms of the respective award agreement. He will also remain eligible to receive his performance-based share awards and his performance-based cash incentive awards (the “DN Performance Awards”) as if his employment had not terminated to the terms of such awards.
About Diebold Nixdorf, Incorporated (NYSE:DBD)
Diebold Nixdorf Inc., formerly Diebold, Incorporated., is engaged in the business of financial self-service (FSS) and security solutions. The Company’s segments include North America (NA), Asia Pacific (AP), Europe, Middle East and Africa (EMEA), and Latin America (LA). It offers an integrated line of self-service solutions and technology, including automated teller machine (ATM) outsourcing, ATM security, deposit automation, recycling and payment terminals and software. It also offers functionality terminals supporting mobile card-less transactions and two-way video technology to support bank branch automation. It provides physical and electronic security systems, as well as provides total security systems solutions to financial, commercial, retail and other markets. The Company sells and services FSS and security systems around the globe, as well as elections, lottery and information technology solutions, through subsidiaries, joint ventures and independent distributors.