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.
As previously announced Dr. Juergen Wunram, Senior Vice President and Chief Operating Officer of Diebold Nixdorf, Incorporated (the “Company”), will retire from this position and step down as a member of the Company’s Board of Directors (the “Board”) on May 31, 2018.
On May 22, 2018, the Board appointed Ellen M. Costello, age 63, to the Board effective June 1, 2018. Ms. Costello’s term will expire at the Company’s 2019 Annual Meeting of Stockholders. She will serve on the Board’s Audit Committee and the Finance Committee.
Ms. Costello served as the Chief Executive Officer of BMO Financial Corporation and U.S. Country Head of BMO Financial Group from 2011 until 2013. Prior to this, she was Group Head of Personal and Commercial Banking for the U.S. and the Chief Executive Officer of BMO Harris Bank N.A. and BMO Financial Corporation. In total, Ms. Costello spent 30 years at BMO (a global diversified financial services company) holding a wide range of senior leadership positions across retail, commercial and corporate banking and capital markets in the U.S., Canada and Asia.
Ms. Costello’s compensation for her service as a director will be consistent with that of the Company’s other directors who are not employees of the Company, as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 14, 2018 under the caption “Compensation of Directors,” which portion of such proxy statement is incorporated herein by reference.
There are no arrangements or understandings between Ms. Costello and any other persons to which Ms. Costello was selected as a director. There have been no transactions involving the Company or any of its subsidiaries in which Ms. Costello has or will have a direct or indirect material interest that are required to be disclosed by Item 404(a) of Regulation S-K.
Item 5.02. Regulation FD Disclosure.
On May 23, 2018, the Company issued a press release announcing Ms. Costello’s appointment to the Board. A copy of the press release is attached hereto as Exhibit 99.1 and furnished herewith.
Item 5.02. Financial Statements and Exhibits
(d) Exhibits.
DIEBOLD NIXDORF, Inc ExhibitEX-99.1 2 item901pressrelease-ellenc.htm EXHIBIT 99.1 Exhibit Exhibit 99.1pressreleaseMedia Relations Investor RelationsMike Jacobsen,…To view the full exhibit click here
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.