Diebold Nixdorf names Octavio Marquez CEO, replacing Gerrard Schmid effective March 11, 2022

DIEBOLD NIXDORF, Inc

Gerrard Schmid steps down as President and CEO on March 11, 2022; to remain on board until 2022 annual meeting and serve as advisor through June 11.
Octavio Marquez, EVP of Global Banking covering 70% of revenue, appointed President and CEO and to the board.
Marquez receives base salary of $850,000, cash incentive target of $1.02 million (120% of base), and $5 million long-term grant.
Schmid receives separation payment of $4 million payable in three equal installments by September 2022.
Schmid's outstanding equity awards stay eligible to vest during advisory period until board term expires.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Gerrard B. Schmid

President and Chief Executive Officer

DBD · DIEBOLD NIXDORF, Inc

Effective: 2022-03-11
Successor: Octavio Marquez
Filed: February 10, 2022, 6:59 PM ET

Gerrard B. Schmid will step down as the Company’s President and Chief Executive Officer

Appointed

Octavio Marquez

President and Chief Executive Officer

DBD · DIEBOLD NIXDORF, Inc

Effective: 2022-03-11
Filed: February 10, 2022, 6:59 PM ET

Octavio Marquez, the Company’s current Executive Vice President of Global Banking, has been appointed to succeed Mr. Schmid as President and Chief Executive Officer as of that date.

Appointed

Octavio Marquez

Director

DBD · DIEBOLD NIXDORF, Inc

Effective: 2022-03-11
Filed: February 10, 2022, 6:59 PM ET

the Board will increase the number of directors of the Company from 12 to 13 and will appoint Mr. Marquez, age 54, to the Board to fill the vacancy created by the increase.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Gerrard B. Schmid departed as President and Chief Executive Officer at DIEBOLD NIXDORF, Inc.

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Gerrard B. Schmid will step down as the Company’s President and Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Octavio Marquez was appointed as President and Chief Executive Officer at DIEBOLD NIXDORF, Inc.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Octavio Marquez, the Company’s current Executive Vice President of Global Banking, has been appointed to succeed Mr. Schmid as President and Chief Executive Officer as of that date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Octavio Marquez was appointed as Director at DIEBOLD NIXDORF, Inc.

Action: appointed
Role: Director

Exact text from the filing

the Board will increase the number of directors of the Company from 12 to 13 and will appoint Mr. Marquez, age 54, to the Board to fill the vacancy created by the increase.

View on SEC.gov

DIEBOLD NIXDORF, Inc filing history →

Source: SEC EDGAR

accession 0000028823-22-000038

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