EQS Post-admission Duties announcement: Diebold Nixdorf, Incorporated / Third country release according to Article 50 Para. 1, No. 2 of the WpHG [the German Securities Trading Act]
Diebold Nixdorf, Incorporated: Release according to Article 50 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

23.01.2023 / 22:54 CET/CEST
Dissemination of a Post-admission Duties announcement according to Article 50 Para. 1, No. 2 WpHG transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 19, 2023

Diebold Nixdorf, Incorporated

(Exact Name of Registrant as Specified in its Charter)

 

 

         
Ohio   1-4879   34-0183970
(State or other jurisdiction
of incorporation)		   (Commission File
Number)		   (I.R.S. Employer
Identification Number)
   
 
50 Executive Parkway, P.O. Box 2520
Hudson, OH		  
44236
(Address of principal executive offices)   (Zip Code)
               

Registrant’s telephone number, including area code: (330) 490-4000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 

☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

         
Title of each class   Trading Symbol   Name of each exchange on which registered
Common shares, $1.25 par value per share   DBD   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On January 19, 2023, the board of directors (the “Board”) of Diebold Nixdorf, Incorporated (the “Company”) approved cash retention awards (the “Retention Award”) for certain members of the Company’s leadership team, including certain named executive officers, Octavio Marquez ($500,000), Olaf Heyden ($400,000) and Jonathan Leiken ($400,000). The Retention Award for each executive is governed by the terms of a retention award letter (the “Letter Agreement”).

The Retention Award will be payable 70% on or before February 28, 2023 (the “First Installment”) and 30% on or before July 15, 2023 (the “Second Installment” and together with the First Installment, the “Installments”), in each case subject to the executive’s continued employment through the payment date of each Installment. Additionally, payment of the Second Installment will be contingent upon approval of the Board.

Each Installment of the Retention Award is subject to clawback and repayment by the executive if, prior to the one year anniversary of the payment of each Installment, the executive voluntarily resigns or the executive’s employment is terminated by the Company with cause (as defined in the Letter Agreement). 

The foregoing description of the Letter Agreement does not purport to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Letter Agreement which will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ending December 31, 2022.

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

             
        Diebold Nixdorf, Incorporated
         
     
         
Date:  January 23, 2023       By:   /s/ Jonathan B. Leiken
            Jonathan B. Leiken
            Executive Vice President, Chief Legal Officer and Secretary

 


23.01.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: Diebold Nixdorf, Incorporated
50 Executive Pkwy, P.O. Box 2520
44236 Hudson, OH
United States
Internet: www.dieboldnixdorf.com

 
End of News EQS News Service

1541697  23.01.2023 CET/CEST

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