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 Officers
Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Nixdorf, Incorporated approved one-time cost synergy performance
based share awards (the Synergy Grants) to certain executives,
including certain named executive officers, on February 7, 2017.
The Synergy Grants are intended to incentivize the accelerated
achievement of cost reductions and scale efficiencies made
possible by the business combination with Wincor Nixdorf
Aktiengesellschaft. The grants have a three year performance
period ending December 31, 2019, and 50% of the target shares may
vest before this date if target cost synergy goals are achieved
earlier. Target award values were set as a multiple of base
salary. The Synergy Grants were made under our 1991 Equity and
Performance Incentive Plan, as amended, and were effective
February 8, 2017. This summary is qualified by reference to the
form of award agreement attached to this report as Exhibit 10.1.
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Exhibit
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Number
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Description
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10.1
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Form of Synergy Grant Performance Share Agreement
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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. Diebold Nixdorf, Incorporated (NYSE:DBD) Recent Trading Information
Diebold Nixdorf, Incorporated (NYSE:DBD) closed its last trading session down -0.20 at 27.20 with 1,667,908 shares trading hands.
