UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 31, 2017
Cardtronics plc
(Exact name of registrant as specified in its charter)
England and Wales |
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001-37820 |
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98-1304627 |
(State or other jurisdiction of |
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(Commission File Number) |
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(I.R.S. Employer Identification No.) |
3250 Briarpark Drive, Suite 400, Houston, Texas |
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77042 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (832) 308-4000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
On March 31, 2017, Jonathan Simpson-Dent, Chief Commercial Officer of Cardtronics plc (the Company), gave, and the Company accepted, notice of his intention to terminate his employment with the Company effective January 31, 2018 (the Termination Date).
In connection with the termination of Mr. Simpson-Dents employment, Cardtronics UK Limited, a subsidiary of the Company, and Mr. Simpson-Dent entered into a settlement agreement (the Settlement Agreement). Pursuant to the Settlement Agreement, Mr. Simpson-Dent will remain in his current position through June 30, 2017, at which time he will transition into an advisory role for the remainder of his service with the Company. The Settlement Agreement entitles Mr. Simpson-Dent to the following:
· his current salary and benefits through September 30, 2017;
· compensation on an as needed basis at a daily rate of £1,590 in an advisory capacity from October 1, 2017 through the Termination Date; and
· a bonus of £288,750 to be paid following the Termination Date, subject to certain requirements including Mr. Simpson-Dents continued service in an advisory capacity through the Termination Date and his execution of a release of claims.
Equity awards held by Mr. Simpson-Dent scheduled to vest prior to the Termination Date shall vest in accordance with the applicable vesting schedule, while any equity awards not vested as of the Termination Date shall be forfeited and deemed cancelled.
In addition, Mr. Simpson-Dent shall comply with certain non-competition, non-solicitation, non-disclosure and non-disparagement covenants.
Mr. Simpson-Dents termination of employment does not involve any disagreement with the Company or any matter relating to the Companys operations, policies or practices.
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.
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Cardtronics plc | |
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Date: April 4, 2017 |
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By: |
/s/ Edward H. West |
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Name: Edward H. West | |
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Title: Chief Financial Officer and Chief Operations Officer |