Results
NCR Atleos Corporation
07/16/2024 | Press release | Distributed by Public on 07/16/2024 14:15
Management Change/Compensation Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 15, 2024, LaShawne Meriwether departed from her role as Executive Vice President and Chief Human Resources Officer of NCR Atleos Corporation (the "Company"), effective immediately. For purposes of the Company's Executive Severance Plan, her existing offer letter with the Company, dated as of June 20, 2023 (filed as Exhibit 10.13.2 to the Company's Form 10-K filed on March 26, 2024, the "Offer Letter"), and the award agreements governing her outstanding equity award (collectively, the "Agreements"), Ms. Meriwether's departure will be treated as a termination without cause.
In connection with her separation, the Company and Ms. Meriwether have also entered into a Separation Agreement and General Waiver and Release (the "Separation Agreement"), dated July 15, 2024, attached hereto as Exhibit 10.1 and incorporated herein by reference, which confirms her severance benefits and post-termination obligations under the Agreements and includes a customary release of claims. The severance benefits are consistent with and described under the captions "Current Employment Arrangements with Our Named Executive Officers" and "Executive Compensation Tables-Potential Payments Upon Termination or Change of Control" in the Company's Definitive Proxy Statement for the 2024 annual meeting of its stockholders, filed with the Securities and Exchange Commission on April 1, 2024.
The foregoing description of the separation agreement is qualified in its entirety by reference to the full text of the agreement, as attached hereto as Exhibit 10.1.