NCR Voyix CFO Departs; New Directors Appointed
Ticker: NCRRP · Form: 8-K · Filed: May 9, 2024 · CIK: 70866
| Field | Detail |
|---|---|
| Company | Ncr Voyix Corp (NCRRP) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $550,000, $1,000,000, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-composition, management-transition
Related Tickers: VOYX
TL;DR
CFO out, new board members in at NCR Voyix. Gallagher steps in as interim CFO.
AI Summary
NCR Voyix Corporation announced on May 8, 2024, the departure of its Chief Financial Officer, Michael D. Hayford, effective May 10, 2024. The company also appointed Michael J. Gallagher as interim CFO. Additionally, the company elected two new directors, David M. Johnson and David W. Dorman, to its board, effective immediately.
Why It Matters
The departure of a CFO and the appointment of new board members can signal strategic shifts or governance changes within the company, potentially impacting investor confidence and future financial performance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding the company's future direction and financial strategy.
Key Players & Entities
- NCR Voyix Corporation (company) — Registrant
- Michael D. Hayford (person) — Departing Chief Financial Officer
- May 10, 2024 (date) — Effective date of CFO departure
- Michael J. Gallagher (person) — Interim Chief Financial Officer
- David M. Johnson (person) — Newly Elected Director
- David W. Dorman (person) — Newly Elected Director
- May 8, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the interim Chief Financial Officer of NCR Voyix Corporation?
Michael J. Gallagher has been appointed as the interim Chief Financial Officer.
When is Michael D. Hayford's departure as CFO effective?
Michael D. Hayford's departure as CFO is effective May 10, 2024.
Who are the newly elected directors to NCR Voyix Corporation's board?
David M. Johnson and David W. Dorman have been elected as new directors.
What is the exact name of the registrant filing this report?
The exact name of the registrant is NCR VOYIX CORPORATION.
What is the Commission File Number for NCR Voyix Corporation?
The Commission File Number for NCR Voyix Corporation is 001-00395.
Filing Stats: 1,030 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2024-05-09 06:50:33
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share VYX New York Stock Exchan
- $550,000 — be entitled to receive a base salary of $550,000 per year and a target bonus opportunity
- $1,000,000 — stock units with a grant date value of $1,000,000 and performance based restricted stock
- $50,000 — r. Mr. Reddy will receive an additional $50,000 annual cash retainer for Lead Director
Filing Documents
- d789353d8k.htm (8-K) — 28KB
- d789353dex991.htm (EX-99.1) — 6KB
- g789353g0508225957556.jpg (GRAPHIC) — 3KB
- 0001193125-24-134741.txt ( ) — 160KB
- vyx-20240508.xsd (EX-101.SCH) — 2KB
- vyx-20240508_lab.xml (EX-101.LAB) — 18KB
- vyx-20240508_pre.xml (EX-101.PRE) — 11KB
- d789353d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
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 the Company, dated May 9, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) - 3 -
SIGNATURES
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. NCR Voyix Corporation By: /s/ Kelli E. Sterrett Kelli E. Sterrett Executive Vice President, General Counsel and Secretary Date: May 9, 2024