[8-K] NCR Atleos Corp Reports Material Event
The Compensation and Human Resource Committee of NCR Atleos Corporation approved an amendment to CEO Timothy C. Oliver's employment agreement that will keep his Separation Multiplier at 300% under the company's Change in Control Severance Plan effective October 16, 2025. Without the amendment, the multiplier would have reduced to 200% on that date. The committee said it approved the amendment to preserve the existing level of retention value given Mr. Oliver's performance and importance to the company. No other terms of the employment agreement were changed. The amendment is filed as Exhibit 10.1 to the Current Report.
Il Compensation and Human Resource Committee di NCR Atleos Corporation ha approvato una modifica all\'accordo di lavoro del CEO Timothy C. Oliver che manterrà il Multiplicatore di Separazione al 300% ai sensi del Change in Control Severance Plan dell\'azienda, con effetto dal 16 ottobre 2025. Senza la modifica, il moltiplicatore sarebbe stato ridotto al 200% a quella data. Il comitato ha dichiarato di aver approvato la modifica per preservare l\'attuale livello di valore di retention dato l\'andamento e l\'importanza del signor Oliver per la società. Nessun altro termine dell\'accordo di lavoro è stato modificato. La modifica è presentata come Exhibit 10.1 al Current Report.
El Comité de Compensación y Recursos Humanos de NCR Atleos Corporation aprobó una enmienda al contrato de trabajo del CEO Timothy C. Oliver que mantendrá su Multiplicador de Separación al 300% según el Plan de Severance por Cambio de Control de la empresa, con efecto a partir del 16 de octubre de 2025. Sin la enmienda, el multiplicador se habría reducido al 200% en esa fecha. El comité indicó que aprobó la enmienda para conservar el nivel actual de valor de retención dados el desempeño y la importancia del señor Oliver para la empresa. No se modificaron otros términos del acuerdo laboral. La enmienda se presenta como el Exhibit 10.1 del Current Report.
NCR Atleos Corporation의 보상 및 인력 위원회는 CEO Timothy C. Oliver의 고용 계약에 대한 수정안을 승인했으며, 이는 그의 Separation Multiplier at 300%를 회사의 Change in Control Severance Plan에 따라 유지시키고, 발효는 2025년 10월 16일부터입니다. 수정 없이는 그 날짜에 배수가 200%로 감소했을 것입니다. 위원회는 Oliver 씨의 성과와 회사에 대한 중요성을 고려해 기존의 유지 가치 수준을 보존하기 위해 수정안을 승인했다고 밝혔습니다. 고용 계약의 다른 조항은 변경되지 않았습니다. 수정안은 Current Report의 Exhibit 10.1로 기재됩니다.
Le Comité d’indemnisation et de ressources humaines de NCR Atleos Corporation a approuvé un amendement au contrat de travail du PDG Timothy C. Oliver qui maintiendra son Separation Multiplier at 300% selon le Change in Control Severance Plan de l’entreprise, avec effet à partir du 16 octobre 2025. Sans l’amendement, le multiplicateur aurait été réduit à 200% à cette date. Le comité a déclaré avoir approuvé l’amendement pour préserver le niveau actuel de valeur de rétention compte tenu des performances et de l’importance de M. Oliver pour l’entreprise. Aucun autre terme du contrat de travail n’a été modifié. L’amendement est déposé comme Exhibit 10.1 du Current Report.
Der Ausschuss für Vergütung und Personal der NCR Atleos Corporation hat eine Änderung des Arbeitsvertrags des CEO Timothy C. Oliver genehmigt, die seinen Separation Multiplier at 300% gemäß dem Change in Control Severance Plan des Unternehmens beibehalten wird, mit Wirkung zum 16. Oktober 2025. Ohne die Änderung hätte sich der Multiplikator an diesem Datum auf 200% reduziert. Der Ausschuss erklärte, er habe die Änderung genehmigt, um den bestehenden Retentionswert angesichts von Mr. Olivers Leistung und Bedeutung für das Unternehmen zu wahren. Keine anderen Bedingungen des Arbeitsvertrags wurden geändert. Die Änderung ist als Exhibit 10.1 zum Current Report eingefügt.
وافقت لجنة التعويض والموارد البشرية في شركة NCR Atleos على تعديل اتفاقية عمل المدير التنفيذي تيموثي سي. أليفر سيبقي معامل الفصل عند 300% وفقًا لخطة Severance في حال التغيير في السيطرة للشركة، سريانه اعتبارًا من 16 أكتوبر 2025. بدون التعديل، كان من المفترض أن ينخفض المُعامل إلى 200% في ذلك التاريخ. قالت اللجنة إنها وافقت على التعديل للحفاظ على مستوى قيمة الاحتفاظ الحالي نظرًا لأداء السيد أليفر وأهميته للشركة. لم يتم تعديل أي شروط أخرى من اتفاقية العمل. تم تقديم التعديل ك Exhibit 10.1 في التقرير الحالي.
NCR Atleos Corporation 的薪酬与人力资源委员会批准了对首席执行官 Timothy C. Oliver 的雇佣协议的修订，该修订将使他的 Separation Multiplier at 300% 根据公司在董事变动控制时的遣散计划保持有效，生效日期为 2025年10月16日。若无该修订，该倍数在该日期将降至 200%。委员会表示，批准修订是为保留现有的留任价值水平，考虑到 Oliver 先生的业绩和对公司的重要性。雇佣协议的其他条款未作修改。该修订作为 Current Report 的 Exhibit 10.1 提交。
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Insights
TL;DR: Board retained current CEO severance protection to preserve retention, signaling confidence in leadership while increasing potential post-change-in-control cost.
The committee's decision to preserve a 300% Separation Multiplier rather than allow it to drop to 200% maintains a strong retention incentive for the CEO ahead of the effective date. This action communicates board support for the CEO's performance and importance to the business. From a governance perspective, the amendment is straightforward: it adjusts executive pay-related severance economics but does not change other contractual terms. The filing references an Exhibit with the full amendment for precise language and mechanics.
TL;DR: The amendment preserves an elevated severance multiple, keeping higher retention value and potential payout obligations intact.
Maintaining a 300% Separation Multiplier versus allowing a decline to 200% materially preserves the CEO's retention economics. That raises the notional potential severance exposure under a change in control scenario relative to the original post-effective-date schedule. The filing indicates the committee made a qualitative assessment based on performance and importance; however, it does not quantify potential incremental cost or the scenarios that would trigger payment. The full amendment (Exhibit 10.1) is required to assess payment triggers and exact calculations.
Il Compensation and Human Resource Committee di NCR Atleos Corporation ha approvato una modifica all\'accordo di lavoro del CEO Timothy C. Oliver che manterrà il Multiplicatore di Separazione al 300% ai sensi del Change in Control Severance Plan dell\'azienda, con effetto dal 16 ottobre 2025. Senza la modifica, il moltiplicatore sarebbe stato ridotto al 200% a quella data. Il comitato ha dichiarato di aver approvato la modifica per preservare l\'attuale livello di valore di retention dato l\'andamento e l\'importanza del signor Oliver per la società. Nessun altro termine dell\'accordo di lavoro è stato modificato. La modifica è presentata come Exhibit 10.1 al Current Report.
El Comité de Compensación y Recursos Humanos de NCR Atleos Corporation aprobó una enmienda al contrato de trabajo del CEO Timothy C. Oliver que mantendrá su Multiplicador de Separación al 300% según el Plan de Severance por Cambio de Control de la empresa, con efecto a partir del 16 de octubre de 2025. Sin la enmienda, el multiplicador se habría reducido al 200% en esa fecha. El comité indicó que aprobó la enmienda para conservar el nivel actual de valor de retención dados el desempeño y la importancia del señor Oliver para la empresa. No se modificaron otros términos del acuerdo laboral. La enmienda se presenta como el Exhibit 10.1 del Current Report.
NCR Atleos Corporation의 보상 및 인력 위원회는 CEO Timothy C. Oliver의 고용 계약에 대한 수정안을 승인했으며, 이는 그의 Separation Multiplier at 300%를 회사의 Change in Control Severance Plan에 따라 유지시키고, 발효는 2025년 10월 16일부터입니다. 수정 없이는 그 날짜에 배수가 200%로 감소했을 것입니다. 위원회는 Oliver 씨의 성과와 회사에 대한 중요성을 고려해 기존의 유지 가치 수준을 보존하기 위해 수정안을 승인했다고 밝혔습니다. 고용 계약의 다른 조항은 변경되지 않았습니다. 수정안은 Current Report의 Exhibit 10.1로 기재됩니다.
Le Comité d’indemnisation et de ressources humaines de NCR Atleos Corporation a approuvé un amendement au contrat de travail du PDG Timothy C. Oliver qui maintiendra son Separation Multiplier at 300% selon le Change in Control Severance Plan de l’entreprise, avec effet à partir du 16 octobre 2025. Sans l’amendement, le multiplicateur aurait été réduit à 200% à cette date. Le comité a déclaré avoir approuvé l’amendement pour préserver le niveau actuel de valeur de rétention compte tenu des performances et de l’importance de M. Oliver pour l’entreprise. Aucun autre terme du contrat de travail n’a été modifié. L’amendement est déposé comme Exhibit 10.1 du Current Report.
Der Ausschuss für Vergütung und Personal der NCR Atleos Corporation hat eine Änderung des Arbeitsvertrags des CEO Timothy C. Oliver genehmigt, die seinen Separation Multiplier at 300% gemäß dem Change in Control Severance Plan des Unternehmens beibehalten wird, mit Wirkung zum 16. Oktober 2025. Ohne die Änderung hätte sich der Multiplikator an diesem Datum auf 200% reduziert. Der Ausschuss erklärte, er habe die Änderung genehmigt, um den bestehenden Retentionswert angesichts von Mr. Olivers Leistung und Bedeutung für das Unternehmen zu wahren. Keine anderen Bedingungen des Arbeitsvertrags wurden geändert. Die Änderung ist als Exhibit 10.1 zum Current Report eingefügt.
FAQ
What change did NCR Atleos (NATL) make to CEO Timothy C. Oliver's employment agreement?
When would the separation multiplier have changed without the amendment?
Did the amendment change any other terms of the CEO's employment agreement?
Where can I find the full text of the amendment?
Why did the Compensation and Human Resource Committee approve the amendment?
