8-K
filed October 17, 2023, 7:59 PM ET
ticker VYX
CIK 0000070866
M&A
confidence high
sentiment neutral
materiality 0.85
NCR Voyix Corp (VYX): M&A transaction — NCR Voyix completes spin-off of Atleos, secures $700M credit facilities
NCR Voyix Corp
- Spin-off of Self-Service Banking, Payments & Network and Telecom businesses into NCR Atleos effective Oct 16, 2023.
- Voyix entered $700M credit facilities ($500M revolver + $200M term loan); drew $200M term loan and $63M revolver at close.
- Atleos retains up to $436.3M cash; must contribute $136.3M to U.S. pension plan within 60 days post-distribution.
- Separation agreements include 3-year non-compete, up to 24-month transition services, and patent/trademark cross-licenses.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kevin Reddy was elected as Director at NCR Voyix Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of James G. Kelly, David Wilkinson, Janet B. Haugen, Laura M. Miller and Kevin Reddy was elected as a director of Voyix
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James G. Kelly was elected as Director at NCR Voyix Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of James G. Kelly, David Wilkinson, Janet B. Haugen, Laura M. Miller and Kevin Reddy was elected as a director of Voyix
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Janet B. Haugen was elected as Director at NCR Voyix Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of James G. Kelly, David Wilkinson, Janet B. Haugen, Laura M. Miller and Kevin Reddy was elected as a director of Voyix
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Deborah Farrington resigned as Director at NCR Voyix Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Joseph E. Reece, Michael D. Hayford, Mark Begor, Deborah Farrington, Martin Mucci and Glenn W. Welling resigned from his or her position as a director on Voyix’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph E. Reece resigned as Director at NCR Voyix Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Joseph E. Reece, Michael D. Hayford, Mark Begor, Deborah Farrington, Martin Mucci and Glenn W. Welling resigned from his or her position as a director on Voyix’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
James G. Kelly was appointed as Chairman of the Board at NCR Voyix Corp.
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
James G. Kelly will serve as the chairman of the Voyix Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Laura M. Miller was elected as Director at NCR Voyix Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of James G. Kelly, David Wilkinson, Janet B. Haugen, Laura M. Miller and Kevin Reddy was elected as a director of Voyix
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael D. Hayford resigned as Director at NCR Voyix Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Joseph E. Reece, Michael D. Hayford, Mark Begor, Deborah Farrington, Martin Mucci and Glenn W. Welling resigned from his or her position as a director on Voyix’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Wilkinson was elected as Director at NCR Voyix Corp.
- Action
- elected
- Role
- Director
Exact text from the filing
each of James G. Kelly, David Wilkinson, Janet B. Haugen, Laura M. Miller and Kevin Reddy was elected as a director of Voyix
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Martin Mucci resigned as Director at NCR Voyix Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Joseph E. Reece, Michael D. Hayford, Mark Begor, Deborah Farrington, Martin Mucci and Glenn W. Welling resigned from his or her position as a director on Voyix’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Glenn W. Welling resigned as Director at NCR Voyix Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Joseph E. Reece, Michael D. Hayford, Mark Begor, Deborah Farrington, Martin Mucci and Glenn W. Welling resigned from his or her position as a director on Voyix’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Begor resigned as Director at NCR Voyix Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Joseph E. Reece, Michael D. Hayford, Mark Begor, Deborah Farrington, Martin Mucci and Glenn W. Welling resigned from his or her position as a director on Voyix’s Board of Directors
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
NCR Voyix Corp: Name change from NCR Corporation to NCR Voyix Corporation (effective 2023-10-13).
- Change
- charter amendment
- Effective
- 2023-10-13
Exact text from the filing
which became effective at 5:00 p.m., Eastern Time, on October 13, 2023, pursuant to which Voyix changed its name from “NCR Corporation” to “NCR Voyix Corporation”
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
NCR Voyix Corp: Revised advance notice window for stockholder nominations or other business at annual meetings (effective 2023-10-13).
- Change
- bylaw amendment
- Effective
- 2023-10-13
Exact text from the filing
from not earlier than the 150th day nor later than 5:00 p.m., Eastern Time, on the 120th day prior to the first anniversary of the date of the proxy statement for the preceding year’s annual meeting to not earlier than the 120th day nor later than 5:00 p.m., Eastern Time, on the 90th day prior to the first anniversary of the prior year’s annual meeting
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
NCR Voyix Corp completed a disposition involving NCR Atleos Corporation (closed 2023-10-16).
- Action
- disposition
- Counterparty
- NCR Atleos Corporation
- Closing
- 2023-10-16
Exact text from the filing
Voyix completed the Spin-Off through a pro rata distribution to holders of record of Voyix’s common stock, par value $0.01 per share (“Voyix Common Stock”), as of 5:00 p.m. local New York City time on October 2, 2023 (the “Record Date”), of one share of Atleos’ common stock, par value $0.01 per share (“Atleos Common Stock”), for every two shares of Voyix Common Stock held by such Voyix common stockholders as of the Record Date (the “Distribution”).
View on SEC.gov
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