Tim Oliver appointed CEO of NCR Atleos contingent on spin-off; $800k salary, 150% bonus, $5.5M equity

NCR Atleos Corp

Timothy C. Oliver designated CEO of NCR Atleos, effective upon spin-off from NCR (renamed NCR Voyix).
Annual base salary of $800,000; total annual cash target bonus opportunity of 150% of base salary.
Eligible for annual equity grants under Atleos 2023 Stock Incentive Plan with minimum grant date value of $5,500,000 starting 2024.
Severance: 1x salary plus target bonus under Executive Severance Plan; 2x (3x within two years post-spin-off) under Change in Control Plan.
Spin-off completion remains subject to conditions described in Form 10 and information statement.

item 5.02

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Appointed

Timothy C. Oliver

Chief Executive Officer

NATL · NCR Atleos Corp

Filed: September 27, 2023, 7:59 PM ET

Timothy C. Oliver has been designated as the Chief Executive Officer of NCR Atleos, LLC (“Atleos”), effective as of and conditional upon the separation of Atleos from NCR Corporation

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy C. Oliver was appointed as Chief Executive Officer at NCR Atleos Corp.

Action: designated
Role: Chief Executive Officer

Exact text from the filing

Timothy C. Oliver has been designated as the Chief Executive Officer of NCR Atleos, LLC (“Atleos”), effective as of and conditional upon the separation of Atleos from NCR Corporation

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NCR Atleos Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-243825

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