Ncr Voyix Corporation · NYSE:VYX
Ncr Voyix — NCR — Proxy Contest (April 2022)
7 slides from Ncr Voyix's proxy contest presentation, Apr 27, 2022
Slide 1: Stockholder Proposal Regarding Stockholder Ratification of Termination Pay
Stockholder Proposal Regarding Stockholder Ratification of Termination Pay Spring 2022
Slide 2: Notes to Investors: Forward-Looking Statements
NOTES TO INVESTORS FORWARD-LOOKING STATEMENTS. Comments made during this presentation and in these materials contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, pursuant
Slide 3: Board Recommends Voting Against the Stockholder Proposal
Stockholder Proposal Regarding Stockholder Ratification of Termination Pay NCR's Board of Directors believes that it is in the best interests of stockholders to vote against the stockholder proposal regarding stockholder ratification of termination pay. We believe that: ‾ Our change in control sever
Slide 4: Existing Program is Consistent with Market Norms
1 Existing Program is Consistent with Market Norms ▪ Our change in control severance program for key executives has a cash severance payment ranging from one to three times base salary and target bonus (only 5 executives participate at the highest tier). Executives also receive a pro rata target bon
Slide 5: Proposal's Implementation Would Lead to Off-Market Program and Put NCR at Disadvantage
Proposal’s Implementation Would Lead to Off-Market Program and Put NCR 2 at Disadvantage for Recruitment and Retention ▪ The off-market stockholder proposal could put NCR at a disadvantage in designing competitive compensation programs to attract and retain highly-qualified executives because a sign
Slide 6: Proposal Discourages Use of Long-Term Equity Incentive Awards
Proposal Discourages Use of Long-Term Equity Incentive Awards in NCR’s 4 Compensation Structure ▪ NCR uses long-term equity awards designed to motivate and reward executives for the creation of long-term stockholder value ‾ These awards were issued under our 2017 Stock Incentive Plan that was approv
Slide 7: Thank You
Thank You
NCR — Proxy Contest (April 2022) on 6ix