Every material Form 8-K NCR Voyix filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
NCR Voyix approved performance-based restricted stock unit grants to five executives, effective November 8, 2024, including 208,478 units for CEO David Wilkinson. The awards cliff vest on November 8, 2027, and pay out only if the company's stock meets price hurdles starting at $22.00, with higher payouts at $24.00 and $26.00, so they tie executive pay to share price performance.
Grants effective November 8, 2024, approved by the Compensation and Human Resource Committee on November 6, 2024
CEO David Wilkinson receives 208,478 PBRSUs; Executive Chair James Kelly and CFO Brian Webb-Walsh each receive 104,239
Vesting is cliff-based on November 8, 2027, with a 20-day trailing average price of $22.00 required; payout is 125% at $24.00 and 150% at $26.00
NCR Voyix reported third-quarter 2024 results, with GAAP revenue of $711 million, down from $809 million a year earlier, and a net loss from continuing operations of $31 million, compared with $266 million a year earlier. Adjusted EBITDA was $93 million versus $103 million, and the company maintained its full-year 2024 revenue and adjusted EBITDA guidance. The company said it completed the $2.45 billion sale of its Digital Banking business and reduced $1.84 billion of debt and other obligations.
GAAP revenue was $711 million versus $809 million; normalized revenue was $708 million versus $794 million.
Net loss from continuing operations was $31 million versus $266 million; diluted EPS from continuing operations was $(0.24).
Adjusted EBITDA was $93 million versus $103 million; normalized Adjusted EBITDA was $101 million versus $133 million.
Full-year 2024 total revenue guidance of $2,805M to $2,860M and adjusted EBITDA guidance of $355M to $375M were maintained; about $100 million of sale proceeds is planned for share repurchases over 12 months.
NCR Voyix completed the sale of its digital banking business to an affiliate of Veritas Capital on September 30, 2024, for $2.45 billion in cash plus up to $100 million in contingent payments. The company used part of the proceeds to repay $1.84 billion of debt and other obligations and terminate its trade receivables facility, and the digital banking results will be reported as discontinued operations. The filing does not report revenue, profit or guidance figures for the remaining business.
Sale price: $2.45 billion in cash, subject to a post-closing adjustment, plus up to $100 million in contingent consideration tied to Veritas' future return on invested capital
Debt reduction: $1.84 billion repaid, including $1,587.5 million of term loan, revolver and senior notes and $251.5 million of trade receivables facility
CFO Brian Webb-Walsh said annualized interest expense on remaining bonds is expected to be approximately $55 million
Digital banking results will be reflected as discontinued operations beginning with the quarter ending September 30, 2024
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every NCR Voyix filing is on SEC EDGAR ↗. 8-K briefs of other companies →