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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): 8/2/2024
Diebold Nixdorf, Incorporated
 
(Exact name of registrant as specified in its charter)
_________________________________________________ 
Delaware 1-4879 34-0183970
     
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer 
Identification No.)
     
350 Orchard Avenue NE   
North Canton, Ohio44720
     
(Address of principal executive offices)   (Zip Code)
Registrant's telephone number, including area code: (330) 490-4000
Not Applicable
 
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $0.01 par value per shareDBDNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 5.02. Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 2, 2024, the Board of Directors (the “Board”) of Diebold Nixdorf, Incorporated (the “Company”) increased the size of the Board from eight to nine members and appointed Dr. Colin J. Parris to the Board, effective immediately, to fill the vacancy created by the increase. On August 6, 2024, the Board increased the size of the Board from nine to ten members and appointed Maura A. Markus to the Board, effective immediately, to fill the vacancy created by the increase. Each new director’s term will expire at the Company’s 2025 Annual Meeting of Shareholders.

The Board has determined that each of Ms. Markus and Dr. Parris is an independent director under the New York Stock Exchange listing standards and the Company’s director independence guidelines, as set forth in its Categorical Independence Standards for Directors (available on the Company’s website at www.investors.dieboldnixdorf.com).

The Board assigned Ms. Markus to the Board’s Audit Committee and People and Compensation Committee and Dr. Parris to the Board’s Audit Committee and Nomination and Governance Committee.

Upon appointment, each new director’s compensation for service as a director will be in accordance with the Company’s non-employee director compensation program, as currently in effect. That program consists of (i) a cash retainer of $100,000 per year, (ii) an annual grant of restricted stock units having value on the date of grant equal to $200,000, provided Board members who received restricted stock units pursuant to the Company’s September 22, 2023 grants will not receive this annual grant until the first calendar year after the year in which the September 22, 2023 grants have fully vested, (iii) an additional cash retainer of $25,000 for the chairs of each of the Company’s Audit Committee, People and Compensation Committee, Finance Committee and Nomination and Governance Committee, and (iv) an additional cash retainer of $100,000 for the non-executive chair of the Board.

There are no arrangements or understandings between the Company and either of the new directors or any other persons pursuant to which each new director was selected as a director. There are no related party transactions between the Company and either of the new directors that would require disclosure under Item 404(a) of Regulation S-K.

Item 7.01. Regulation FD Disclosure.

On August 7, 2024, the Company issued a press release announcing the appointment of the new directors. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number
Description
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


 
 



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
    
 Diebold Nixdorf, Incorporated
Date:August 07, 2024By:  /s/ Elizabeth C. Radigan
  Name:  Elizabeth C. Radigan
  Title:  Executive Vice President and Chief Legal Officer and Secretary


Exhibit 99.1

Press release
prlogo.jpg
Media Relations                        Investor Relations
Mike Jacobsen, APR                        Chris Sikora
+1-330-490-4498                        +1 330-490-4242
michael.jacobsen@dieboldnixdorf.com            christopher.sikora@dieboldnixdorf.com

FOR IMMEDIATE RELEASE:
Aug. 7, 2024
Diebold Nixdorf Names Two New Independent Directors to its Board
    NORTH CANTON, Ohio -- Diebold Nixdorf (NYSE: DBD), a world leader in transforming the way people bank and shop, today announced that Maura A. Markus and Dr. Colin J. Parris have joined the company’s board of directors.
Patrick Byrne, non-executive chair of the board, Diebold Nixdorf, said: “We are excited to welcome Maura and Colin to our board. Their extensive experience in the banking and technology sectors will be a significant asset for our Board of Directors, and their leadership will further accelerate the company’s continuous improvement journey and help us build value for all our stakeholders.”
Markus is the former president and chief operating officer of Bank of the West, a role she held from 2010 to 2014. She was also a member of the board of directors, as well as the Bank’s executive management committee.  Prior to joining Bank of the West, Markus was a 22-year veteran of Citigroup, serving in a number of executive leadership roles including executive vice president - head of international retail banking in Citi’s Global Consumer Group; president, Citibank, N.A.; president, Citibank Greece; and sales and marketing director, Citibank Europe. She has more than 25 years of experience leading operations, sales and marketing in the U.S. and Europe, helping build both Bank of the West and Citibank in senior executive and board roles.  Markus currently serves as a director for Broadridge Financial Solutions and Stifel Financial Corp.
Parris is the former senior vice president and chief technology officer at GE Digital, a position he held from May 2020 to April 2024. He joined General Electric in 2014 as a GE Officer and vice president, GE Software Research. Before joining GE, Parris spent two decades at IBM in a variety of executive roles, serving most recently as vice president, systems research in the IBM T.J. Watson Research Division from 2013 to 2014, and general manager for IBM’s Power Systems business from 2010 to 2013. He has an extensive technology background with significant experience in software – with a current focus on data software and artificial intelligence – and leading digital transformations. Parris also serves as a director for APTIV, a global mobility technology company.



About Diebold Nixdorf
Diebold Nixdorf, Incorporated (NYSE: DBD) automates, digitizes and transforms the way people bank and shop. As a partner to the majority of the world's top 100 financial institutions and top 25 global retailers, our integrated solutions connect digital and physical channels conveniently, securely and efficiently for millions of consumers each day. The company has a presence in more than 100 countries with approximately 21,000 employees worldwide. Visit www.DieboldNixdorf.com for more information.
Twitter: @DieboldNixdorf
LinkedIn: www.linkedin.com/company/diebold
Facebook: www.facebook.com/DieboldNixdorf
YouTube: www.youtube.com/dieboldnixdorf

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PR_24-4132

v3.24.2.u1
Cover
Aug. 02, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Aug. 02, 2024
Entity Registrant Name Diebold Nixdorf, Incorporated
Entity Incorporation, State or Country Code DE
Entity File Number 1-4879
Entity Tax Identification Number 34-0183970
Entity Address, Address Line One 350 Orchard Avenue NE
Entity Address, City or Town North Canton,
Entity Address, State or Province OH
Entity Address, Postal Zip Code 44720
City Area Code 330
Local Phone Number 490-4000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 par value per share
Trading Symbol DBD
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0000028823
Amendment Flag false
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