secwatch.observer — SEC 8-K summary
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Issuer:     NCR Voyix Corp (VYX)
CIK:        0000070866
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001193125-23-243822
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

David Wilkinson appointed CEO of NCR Voyix post spin-off; Oliver to lead Atleos
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- David Wilkinson appointed CEO of NCR (to be renamed NCR Voyix) upon spin-off close; Michael Hayford ceases as CEO.
- Timothy Oliver (current CFO) becomes CEO of Atleos upon spin-off; ceases as NCR CFO.
- Wilkinson employment: $800k salary, 150% bonus target, minimum $5.5M equity grants from 2024.
- Severance: 1x base+bonus for qualifying termination; 2x multiplier for change-in-control.
- Spin-off subject to conditions in Form 10 effective Aug 11, 2023; no assurance of completion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70866/000119312523243822/0001193125-23-243822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70866/000119312523243822/d560381d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-243822

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