secwatch.observer — SEC 8-K summary
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Issuer:     NCR Atleos Corp (NATL)
CIK:        0001974138
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001193125-23-243825
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1974138/000119312523243825/0001193125-23-243825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1974138/000119312523243825/d552153d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-243825

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