Diebold Nixdorf amends director compensation limits; approves $100K cash retainer, RSUs, options

DIEBOLD NIXDORF, Inc

Consenting majority stockholders approved amendment to 2023 Equity Plan removing $1M/$750K limits for non-employee director compensation for 2023, setting $750K cap starting 2024.
2023 director compensation: $100,000 annual cash retainer, $25,000 committee chair retainer, $100,000 non-executive Chairman retainer.
Equity grants: 40,000 RSUs vesting ratably over 4 years and stock options for 80,000 shares (100,000 for Chairman) at $30 strike price.
Plan amendment and compensation become effective 20 days after mailing information statement to stockholders.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

DIEBOLD NIXDORF, Inc shareholders approved Approval of the adoption of the Plan Amendment and the 2023 Director Compensation by written consent at the 2023-11-28 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-11-28

Exact text from the filing

the Consenting Majority Stockholders beneficially owned an aggregate of 19,446,502 shares of Common Stock, representing a majority of the outstanding shares. Accordingly, the Written Consent constituted approval of the adoption of the Plan Amendment and the 2023 Director Compensation by the Company’s stockholders

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DIEBOLD NIXDORF, Inc filing history →

Source: SEC EDGAR

accession 0001193125-23-285177

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