UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 12, 2024, the Board of Directors of NCR Voyix Corporation (the “Company”) appointed Anthony Radesca Senior Vice President & Chief Accounting Officer of the Company, effective May 14, 2024. On May 14, 2024, Kelly Moyer ceased serving as the Company’s Chief Accounting Officer. As further described below, Ms. Moyer will remain an employee of the Company through August 31, 2024, to assist with the transition of her prior duties.
Mr. Radesca, age 54, served as Senior Vice President, Chief Accounting Officer of EVO Payments, Inc. from February 2019 to March 2023. Prior to that, Mr. Radesca served as Senior Vice President, Chief Accounting Officer of CA Technologies, Inc. from June 2016 to February 2019. Prior to that, he served as Vice President of Accounting of CA Technologies. Mr. Radesca also provided consulting services to the Company prior to his appointment as Senior Vice President & Chief Accounting Officer from March 2024 to May 2024. Mr. Radesca holds a B.B.A. in Public Accounting from Hofstra University and a J.D. from St. John’s University School of Law. Mr. Radesca is a Certified Public Accountant.
Radesca Offer Letter
In connection with his appointment as Senior Vice President & Chief Accounting Officer, pursuant to the terms of an offer letter dated May 13, 2024, between Mr. Radesca and the Company (the “Offer Letter”), Mr. Radesca will receive an annual base salary of $400,000 and will be eligible to participate in the Company’s Management Incentive Plan with a 60% target bonus and the Company’s Long-Term Incentive Equity Award Program with a target incentive award of $420,000 for 2025, comprised of grants of the same type and in similar proportion as are awarded to other senior executives of the Company. Pursuant to the Offer Letter, Mr. Radesca will also be granted a one-time equity award consisting of time-based restricted stock units with a grant date value of $420,000 that will vest ratably on an annual basis over three years from the grant date, subject to Mr. Radesca’s continued employment with the Company. Mr. Radesca will also be eligible to participate in certain Company-sponsored benefits, such as health insurance plans and other disability and life insurance plans.
In addition to the Offer Letter, Mr. Radesca will participate in the Company’s Executive Severance Plan, which was filed with the U.S. Securities and Exchange Commission (the “SEC”) as Exhibit 10.1.3 to the Company’s Annual Report on Form 10-K filed on March 14, 2024.
The foregoing summary of the Offer Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Offer Letter, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ending June 30, 2024.
There are no arrangements or understandings between Mr. Radesca and any other person pursuant to which Mr. Radesca was appointed as Senior Vice President & Chief Accounting Officer and there are no
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family relationships between Mr. Radesca and any director or other executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Moyer Separation
Ms. Moyer ceased serving as the Company’s Chief Accounting Officer on May 13, 2024, but has agreed to remain an employee of the Company until August 31, 2024, to assist with the transition of her prior duties. During the transition, Ms. Moyer’s compensation and participation in the Company’s benefit plans, programs and equity award plans will continue, in each case as in effect immediately prior to the Effective Date.
Ms. Moyer’s separation will be treated as a qualifying termination without cause consistent with the Company’s Executive Severance Plan which was filed with the SEC as Exhibit 10.1.3 to the Company’s Annual Report on Form 10-K filed on March 14, 2024, and the award agreements governing her outstanding equity awards. These severance benefits are consistent with those described under the heading “Compensation Discussion and Analysis - Potential Payments Upon Termination or Change in Control Table” in the Company’s definitive proxy statement on Schedule 14A filed with the SEC on April 17, 2024.
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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 14, 2024
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Document and Entity Information |
May 12, 2024 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | May 12, 2024 |
| Entity Registrant Name | NCR VOYIX CORPORATION |
| Entity File Number | 001-00395 |
| Entity Incorporation State Country Code | MD |
| Entity Tax Identification Number | 31-0387920 |
| Entity Address Address Line 1 | 864 Spring Street NW |
| Entity Address City Or Town | Atlanta |
| Entity Address State Or Province | GA |
| Entity Address Postal Zip Code | 30308 |
| City Area Code | 800 |
| Local Phone Number | 225-5627 |
| Entity Information Former Legal Or Registered Name | NCR Corporation |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common Stock, par value $0.01 per share |
| Trading Symbol | VYX |
| Security Exchange Name | NYSE |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0000070866 |
| Amendment Flag | false |