8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): October 30, 2009

DIEBOLD, INCORPORATED

(Exact name of registrant as specified in its charter)

Ohio	1-4879	34-0183970
(State or other jurisdiction	(Commission File Number)	(IRS Employer Identification
of incorporation)		Number)

5995 Mayfair Road, P.O. Box 3077, North Canton, Ohio	44720-8077
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (330) 490-4000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 2, 2009, Diebold, Incorporated (the “Company”) announced that Bradley C. Richardson has been named Executive Vice President and Chief Financial Officer of the company, effective November 23, 2009. Prior to joining the Company, Mr. Richardson had served as Chief Financial Officer of Modine Manufacturing Company, an auto, heavy-duty parts and specialty heating and air conditioning manufacturer based in Racine, Wisconsin, since 2003, and most recently was its Executive Vice President, Corporate Strategy and Chief Financial Officer. Prior to joining Modine Manufacturing, Mr. Richardson spent more than 20 years with BP Amoco Company, a petroleum and chemical company, in a variety of senior financial and international operational positions. Mr. Richardson is 51 years old.

Under the employment arrangement agreed to with the Company, Mr. Richardson is entitled to receive an annual base salary of $485,000, and he will be entitled to receive annual cash incentive compensation under the Company’s Annual Cash Bonus Plan equal to 30% of base salary at threshold, 75% at target and 150% at maximum; provided that in 2010 only, he shall receive a prorated payout for 2009 performance based upon the greater of target or actual results. The board of directors of the Company has also approved the following grants to Mr. Richardson under the Company’s Amended and Restated 1991 Equity and Performance Incentive Plan:

• performance share award of 7,500 shares at target, prorated for the 2009-2011 performance period;

• nonqualified stock option award exercisable for 30,000 shares of common stock, vesting over a four-year period at the rate of 25% per year, with an exercise price equal to the closing price of the Company’s common stock on the date of grant; and

• an award of 12,500 restricted stock units, with a three-year cliff vest.

Additionally, Mr. Richardson will receive a one-time signing bonus equal to, at his option, either $250,000 in cash or the equivalent of $300,000 of restricted stock units, with a three-year cliff vest. Finally, Mr. Richardson will be eligible to participate in the Company’s 401(k) Supplemental Executive Retirement Plan and 401(k) Restoration Supplemental Executive Retirement Plan, and he shall also receive other executive perquisites including a vehicle allowance, financial planning benefits and relocation assistance.

A copy of the press release, dated November 2, 2009, announcing the appointment is attached as Exhibit 99.1.

Upon the effective date of Mr. Richardson’s appointment as Executive Vice President and Chief Financial Officer of the Company, Leslie A. Pierce, Vice President and Corporate Controller and Interim Chief Financial Officer of the Company, will cease acting as the Company’s principal financial officer but will remain the Company’s principal accounting officer as Vice President and Corporate Controller.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Exhibit Description
99.1	News Release of Diebold, Incorporated dated November 2, 2009.

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 thereunto duly authorized.

	DIEBOLD, INCORPORATED
Date: November 2, 2009	By:	/s/Chad F. Hesse
		Chad F. Hesse
		Senior Corporate Counsel and Corporate Secretary

EXHIBIT INDEX

Exhibit No.	Exhibit Description
99.1	News Release of Diebold, Incorporated dated November 2, 2009.

EX-99.1

Exhibit 99.1

                     

pressrelease

Contacts:
Media Relations	Investor Relations
Mike Jacobsen	Christopher Bast
+1 330 490 3796	+1 330 490 6908
michael.jacobsen@diebold.com	christopher.bast@diebold.com

FOR IMMEDIATE RELEASE:
Nov. 2, 2009

DIEBOLD NAMES BRADLEY C. RICHARDSON CHIEF FINANCIAL OFFICER

     NORTH CANTON, Ohio — Diebold, Incorporated (NYSE: DBD) today announced that Bradley C. Richardson has been named executive vice president and chief financial officer (CFO). He will join the company and assume the CFO role effective November 23. Richardson, 51, comes to Diebold from Modine Manufacturing Company, where he most recently served as executive vice president, corporate strategy and CFO. Richardson has held the CFO position at Modine since 2003. Based in Racine, Wis., Modine is a $1.4 billion auto, heavy-duty parts and specialty heating and air conditioning manufacturer with 32 facilities worldwide in 15 countries.

     Richardson has broad experience in all elements of global finance, including tax, treasury, financial control, pension management, and corporate development. Throughout his career, Richardson has demonstrated expertise in effective working capital management, mergers and acquisitions, capital markets, developing performance management processes, as well as establishing sound financial controls and financial systems infrastructure.

     Prior to joining Modine, Richardson spent more than 20 years with BP Amoco in a variety of senior financial and international operational posts. These included vice president, performance management planning and control for BP Amoco’s Upstream business segment, based in London; president of BP Amoco’s Caracas, Venezuela operation; and chief financial officer of the Amoco Energy Group, North America.

     “Brad’s unique combination of experience in both financial and operational arenas and his collaborative, goal-oriented approach to business challenges will add significant value to our company,” said Thomas W. Swidarski, Diebold president and chief executive officer. “Brad will provide Diebold with outstanding leadership, strategic insight, broad experience in implementing sound financial practices and an approach that I feel will resonate with our associates, shareholders and customers.”

-more-

DIEBOLD NAMES BRADLEY C. RICHARDSON CHIEF FINANCIAL OFFICER/PAGE 2

     Richardson holds a bachelor’s degree in economics and finance from Miami University (Ohio), an MBA in accounting and finance from Indiana University, and a CPA certificate in Illinois. He is a member of the board of directors of Tronox, Inc. (formerly Kerr McGee Chemicals) and Brady Corporation. An Ohio native, Richardson will relocate to the Akron/Canton region in the near future.

About Diebold

     Diebold, Incorporated is a global leader in providing integrated self-service delivery and security systems and services. Diebold employs more than 17,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold is publicly traded on the New York Stock Exchange under the symbol ‘DBD.’ For more information, visit the company’s Web site at www.diebold.com, or visit www.diebold.com/150 to learn more about Diebold’s 150-year history.

# # #