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Posted 06 February, 2023

DIEBOLD NIXDORF, Inc appointed new CEO

CEO Change detected for ticker NYSE:DBD in a 8-K filed on 06 February, 2023.


  Chief Executive Officer Octavio Marquez was elected Chair of the Board of Directors, effective February 2, 2023.  

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Overview of DIEBOLD NIXDORF, Inc
Industrial Goods • Industrial Machinery
Diebold Nixdorf, Inc. engages in the provision of integrated software-led services, self-service delivery and security systems to financial, retail, commercial, and government markets. It offers financial self-services such as self-service support and maintenance, value-added services, self-service software, and self-service products, and security solutions including physical and electronic security. It operates through the following segments: Eurasia Banking, Americas Banking, and Retail. The company was founded in 1859 and is headquartered Hudson, OH.
Market Cap
$1.24B
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DIEBOLD NIXDORF, Inc by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On February 2, 2023, the Board of Directors (the "Board") of Diebold Nixdorf, Incorporated (the "Company") increased the size of the Board from 12 to 14 members and appointed Marjorie L. Bowen, age 57, and Emanuel R. Pearlman, age 62, to the Board, effective immediately, to fill the vacancies created by the increase. Ms. Bowen's and Mr. Pearlman's terms will expire at the Company's 2023 Annual Meeting of Shareholders. As of the date of this filing, the Board has not determined the Committees on which Ms. Bowen or Mr. Pearlman will serve and will file an amendment to this Form 8-K within four business days after such determination has been made.


Ms. Bowen and Mr. Pearlman's compensation for service as directors will be consistent with that of the Company's non-employee directors, as described the Company's definitive proxy statement filed with the Securities and Exchange Commission on March 24, 2022.


There are no related party transactions between the Company and either of Ms. Bowen or Mr. Pearlman that would require disclosure under Item 404(a) of Regulation S-K. 


Ms. Bowen and Mr. Pearlman were each identified by the Company as potential Board members in accordance with the requirements of the Transaction Support Agreement dated October 20, 2022, as amended, described in more detail in the Company's Current Reports on Form 8-K dated October 20, 2022, November 29, 2022, and December 21, 2022 (as amended, the "TSA"). Pursuant to TSA, the Company intends to nominate Ms. Bowen and Mr. Pearlman for election to the Board at the Company's 2023 Annual Meeting of Shareholders, to succeed two persons who were members of the Board at the time of the execution of the TSA. Accordingly, the Company intends to reduce the size of the Board effective at 2023 Annual Meeting of Shareholders.


Chief Executive Officer Octavio Marquez was elected Chair of the Board of Directors, effective February 2, 2023. Mr. Gary Greenfield will not stand for re-election as director at the Company's 2023 Annual Meeting of Shareholders. Mr. Greenfield's decision not to stand for re-election is not the result of any disagreement between Mr. Greenfield and the Company on any matter relating to the operations, policies or practices of the Company.