Diebold Nixdorf Files Definitive Proxy Statement
Ticker: DBD · Form: DEF 14A · Filed: Mar 12, 2024 · CIK: 28823
| Field | Detail |
|---|---|
| Company | Diebold Nixdorf, Inc (DBD) |
| Form Type | DEF 14A |
| Filed Date | Mar 12, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: Proxy Statement, Executive Compensation, DEF 14A, Diebold Nixdorf, Shareholder Information
TL;DR
<b>Diebold Nixdorf has filed its Definitive Proxy Statement for the fiscal year ending December 31, 2023, detailing executive compensation and financial data.</b>
AI Summary
DIEBOLD NIXDORF, Inc (DBD) filed a Proxy Statement (DEF 14A) with the SEC on March 12, 2024. Diebold Nixdorf, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 12, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located at 350 Orchard Ave NE, North Canton, OH 44720. The filing includes information related to executive compensation for individuals such as Mr. Marquez and Mr. Schmid. Specific details on stock awards, option awards, and changes in fair value of awards are presented for fiscal years 2020, 2021, and 2023.
Why It Matters
For investors and stakeholders tracking DIEBOLD NIXDORF, Inc, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation packages, including stock and option awards, which can influence investor decisions and proxy voting. The detailed breakdown of compensation components and changes in award values over multiple fiscal years (2020, 2021, 2023) allows for a comprehensive analysis of the company's remuneration policies and their potential impact on financial performance.
Risk Assessment
Risk Level: medium — DIEBOLD NIXDORF, Inc shows moderate risk based on this filing. The filing is a routine proxy statement, but the company has faced financial challenges in the past, which could be a factor in executive compensation decisions and overall shareholder sentiment.
Analyst Insight
Review the executive compensation details and any proposals presented to shareholders to understand management's alignment with shareholder interests and the company's strategic direction.
Executive Compensation
| Name | Title | Total Compensation |
|---|---|---|
| Mr. Marquez | Member | |
| Mr. Schmid | Member |
Key Numbers
- 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
- 2024-03-12 — Filing Date (DATE AS OF CHANGE)
- 2020-01-01 — Data Start Year (Compensation Data Range)
- 2023-12-31 — Data End Year (Compensation Data Range)
Key Players & Entities
- DIEBOLD NIXDORF, Inc (company) — FILER
- DEF 14A (document) — FORM TYPE
- 2024-03-12 (date) — FILED AS OF DATE
- 350 ORCHARD AVE NE (address) — BUSINESS ADDRESS STREET 1
- NORTH CANTON (city) — BUSINESS ADDRESS CITY
- OH (state) — BUSINESS ADDRESS STATE
- 44720 (zip_code) — BUSINESS ADDRESS ZIP
- Mr. Marquez (person) — Executive Compensation Mention
FAQ
When did DIEBOLD NIXDORF, Inc file this DEF 14A?
DIEBOLD NIXDORF, Inc filed this Proxy Statement (DEF 14A) with the SEC on March 12, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by DIEBOLD NIXDORF, Inc (DBD).
Where can I read the original DEF 14A filing from DIEBOLD NIXDORF, Inc?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DIEBOLD NIXDORF, Inc.
What are the key takeaways from DIEBOLD NIXDORF, Inc's DEF 14A?
DIEBOLD NIXDORF, Inc filed this DEF 14A on March 12, 2024. Key takeaways: Diebold Nixdorf, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 12, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located at 350 Orchard Ave NE, North Canton, OH 44720..
Is DIEBOLD NIXDORF, Inc a risky investment based on this filing?
Based on this DEF 14A, DIEBOLD NIXDORF, Inc presents a moderate-risk profile. The filing is a routine proxy statement, but the company has faced financial challenges in the past, which could be a factor in executive compensation decisions and overall shareholder sentiment.
What should investors do after reading DIEBOLD NIXDORF, Inc's DEF 14A?
Review the executive compensation details and any proposals presented to shareholders to understand management's alignment with shareholder interests and the company's strategic direction. The overall sentiment from this filing is neutral.
Key Dates
- 2024-03-12: Filing Date — Definitive Proxy Statement filed
- 2024-04-25: Reporting Period End — Fiscal year for which the proxy statement is relevant
- 2023-12-31: Fiscal Year End — Primary period covered by the financial information
Filing Stats: 4,721 words · 19 min read · ~16 pages · Grade level 12.8 · Accepted 2024-03-12 08:31:09
Filing Documents
- d608353ddef14a.htm (DEF 14A) — 1797KB
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- 0001193125-24-065443.txt ( ) — 5333KB
- dbd-20231231.xsd (EX-101.SCH) — 6KB
- dbd-20231231_def.xml (EX-101.DEF) — 7KB
- dbd-20231231_lab.xml (EX-101.LAB) — 10KB
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- d608353ddef14a_htm.xml (XML) — 412KB
Security Ownership of Directors and Management
Security Ownership of Directors and Management 26 Delinquent Section 16(A) Reports 27 COMPENSATION OF DIRECTORS 28 Director Stock Ownership Guidelines 29 2023 Director Compensation 30 IDENTIFYING AND EVALUATING DIRECTOR NOMINEES 32 Stockholder Nominees 33
EXECUTIVE COMPENSATION MATTERS
EXECUTIVE COMPENSATION MATTERS 34 People and Compensation Committee Report 34 Compensation Discussion and Analysis 34
Executive Compensation Tables
Executive Compensation Tables 49 Non-Qualified Deferred Compensation Plans 55 Potential Payments upon Termination or Change In Control 56 Payments Made upon Termination—Messrs. Marquez, Barna, Myers and Cantadurucu, and Ms. Radigan 58 Post-Termination Payments Table 61 2023 Pay-Versus-Performance 63 REPORT OF THE AUDIT COMMITTEE 67 STOCKHOLDERS SHARING THE SAME ADDRESS 68 EXPENSES OF SOLICITATION 68 STOCKHOLDER PROPOSALS 69 OTHER MATTERS 70 ii |2024 PROXY STATEMENT Table of Contents PROXY SUMMARY This Proxy Statement is furnished to stockholders of Diebold Nixdorf, Incorporated ("Diebold Nixdorf," the "Company," "we," "our," and "us") in connection with the solicitation by the Board of Directors of proxies to be used at our 2024 Annual Meeting of Stockholders, and any postponements or adjournments of the meeting. These proxy materials are being sent to our stockholders on or about March 12, 2024. This proxy summary is intended to provide an overview of the information you can find elsewhere in this Proxy Statement. As this is only a summary, we encourage you to read the Proxy Statement in its entirety for more information about these topics before voting. 2023 RESTRUCTURING AND EMERGENCE 2023 marked a significant turning point for the Company, as it undertook major actions to restructure its debt and emerge as a financially stronger company, well-positioned to drive solid performance with an optimized balance sheet, more liquidity, and less debt, while creating a foundation for the Company's long-term success. On June 1, 2023, the Company and certain of its subsidiaries filed voluntary petitions in the U.S. Bankruptcy Court for the Southern District of Texas seeking relief under chapter 11 of title 11 of the U.S. Code, and Diebold Nixdorf Dutch Holding B.V. ("Diebold Dutch") filed a scheme of arrangement relating to certain of the Company's other subsidiaries and commenced voluntary proceedings under the