ATLANTA—NCR has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the planned spin-off of its ATM business.
The filing of the form follows NCR’s previously announced plan to separate into two independent, publicly traded companies – one focused on digital commerce, the other on ATMs – expected in the fourth quarter of 2023.
The Form 10 includes important information about the ATM company’s business, strategy, summary of solutions and historical financial results.
The company said Form 10 also names current NCR executive leaders who have been designated to join the ATM company, with more executive leaders to be communicated by August.
In addition to Tim Oliver, previously announced as designate CEO of the ATM company and currently NCR senior EVP and CFO, planned executives of the ATM company in the filing include:
- Dan Antilley, designate chief security officer & cash operations
- Stuart Mackinnon, designate COO
- Patricia Watson, designate CIO & technology Officer
“We are building an organization that will sustain NCR’s market leadership and extend the success of our ATM-centric businesses well into the future,” said Oliver in a statement.
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