Item 5.02. Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On February 26, 2020, the Board of Directors (the "Board") of NCR Corporation
(the "Company") voted on and approved an increase in the size of the Board from
thirteen to fourteen directors, and the Company announced the election of Mark
W. Begor to the Board to serve until the next annual meeting of stockholders
following his appointment and until his successor is duly elected and qualifies,
or until his earlier resignation or removal. Mr. Begor has not been appointed to
any committees of the Board at this time.
Effective upon appointment, Mr. Begor became eligible to receive the standard
compensation provided by the Company to its non-employee directors, as most
recently disclosed in the Company's proxy statement for its 2019 annual meeting
of stockholders. There is no arrangement or understanding between Mr. Begor and
any other persons pursuant to which either was selected as a director, and
Mr. Begor does not have a direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The Board determined that Mr. Begor is independent under the independence
standards of the New York Stock Exchange and the Company's Board of Director
Corporate Governance Guidelines.
A copy of the press release announcing the appointment of the new director is
attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits:
The following exhibits are attached with this current report on Form 8-K:
Exhibit
No. Description
99.1 Press Release issued by NCR Corporation, dated February 27, 2020.
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the Inline XBRL document).
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses