Zebra Technologies names Bill Burns CEO effective March 1, 2023; Anders Gustafsson becomes Executive Chair

ZEBRA TECHNOLOGIES CORP

Bill Burns, Chief Product & Solutions Officer, appointed CEO and director effective March 1, 2023.
Anders Gustafsson steps down as CEO after 15 years, becomes Executive Chair of the Board on same date.
Michael Smith, current Board Chair, becomes Lead Independent Director upon transition.
Burns' compensation: $1M base salary, 135% target bonus, $10M equity grant (RSUs and performance shares).
Company reaffirms previously announced Q4 and FY 2022 financial outlook; no change to guidance.

item 5.02 item 5.03 item 7.01 item 9.01

Executive movements

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

Role change

Anders Gustafsson

Executive Chair of the Board

ZBRA · ZEBRA TECHNOLOGIES CORP

Effective: 2023-03-01
Successor: William Burns
Filed: December 8, 2022, 6:59 PM ET

Anders Gustafsson, who will step down as Chief Executive Officer of the Company and will assume the position of Executive Chair of the Board as of the Effective Date.

Appointed

William Burns

Chief Executive Officer

ZBRA · ZEBRA TECHNOLOGIES CORP

Effective: 2023-03-01
Filed: December 8, 2022, 6:59 PM ET

appointed William Burns, currently the Company’s Chief Product and Solutions Officer, as Chief Executive Officer of the Company and a director of the Company, effective March 1, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anders Gustafsson changed role as Executive Chair of the Board at ZEBRA TECHNOLOGIES CORP.

Action: stepped down as CEO and assumed Executive Chair
Role: Executive Chair of the Board

Exact text from the filing

Anders Gustafsson, who will step down as Chief Executive Officer of the Company and will assume the position of Executive Chair of the Board as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

William Burns was appointed as Chief Executive Officer at ZEBRA TECHNOLOGIES CORP.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed William Burns, currently the Company’s Chief Product and Solutions Officer, as Chief Executive Officer of the Company and a director of the Company, effective March 1, 2023

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ZEBRA TECHNOLOGIES CORP: Amended and restated by-laws to allow the Board to appoint a chair who may be the chief executive officer, an executive officer, or a non-employee director (effective 2022-12-03).

Change: bylaw amendment
Effective: 2022-12-03

Exact text from the filing

On December 3, 2022, in connection with the appointment of Mr. Gustafsson as Executive Chair effective March 1, 2023, the Company’s Board adopted amended and restated by-laws (the “ Amended and Restated By-Laws ”), effective immediately. The amendments revised Section 5.1 of the Amended and Restated By-Laws to allow the Board to appoint a chair who may be the chief executive officer of the corporation, an executive officer of the corporation or a non-employee director.

View on SEC.gov

42 governance changes filed in the last 30 days. Browse all governance changes →

ZEBRA TECHNOLOGIES CORP filing history →

Source: SEC EDGAR

accession 0000877212-22-000130

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