8-K

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): May 23, 2023

VERTIV HOLDINGS CO
Exact name of registrant as specified in its charter
Delaware	001-38518	81-2376902
(State or other Jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)
505 N. Cleveland Ave., Westerville, Ohio 43082
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: 614-888-0246

Check the appropriate box below if the Form 8-K 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, $0.0001 par value per share	VRT	New York Stock Exchange

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01 Other Events.

President, Americas Succession Planning and Appointment

On May 24, 2023, Vertiv Holdings Co (the “Company”) issued a press release announcing that Anand Sanghi, currently serving as the Company’s President, Australia, New Zealand, Southeast Asia and India (“ASI”), has been appointed to the position of the Company’s President, Americas, effective July 1, 2023. In connection with such appointment, Mr. Sanghi will continue in his role as President, ASI until the end of June, and Giordano Albertazzi, the Company’s Chief Executive Officer and President, Americas will step down from the President, Americas role at such time. Mr. Albertazzi will remain the Company’s Chief Executive Officer and a director on the Company’s Board of Directors.

The full text of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Exhibit Description
99.1	Press release of Vertiv Holdings Co, dated May 24, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.

Date: May 24, 2023	Vertiv Holdings Co
	/s/ Stephanie L. Gill
	Name: Stephanie L. Gill
	Title: Chief Legal Counsel

EX-99.1

EXHIBIT 99.1

 

For Immediate Release

Vertiv Names Anand Sanghi President of the Americas Region

Columbus, Ohio May 24, 2023 – Vertiv (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions today announced that Anand Sanghi has been appointed President, Americas effective July 1, 2023. Sanghi currently serves as President, Australia, New Zealand, Southeast Asia and India (ASI) and will continue to serve in this role until the end of June. As President, Americas, Sanghi will have responsibility for the Americas business, leveraging his success in Asia Pacific and vast experience in technology and engineering to further enhance the performance of Vertiv’s Americas region. With 29 years across Emerson and Vertiv, Sanghi brings with him extensive industry knowledge and a proven track record of driving top- and bottom-line growth as well as expanding Vertiv’s manufacturing footprint in ASI. In connection with Sanghi’s appointment to the President, Americas role, Giordano Albertazzi, the Company’s Chief Executive Officer and current President, Americas will step down from the President, Americas role. Albertazzi will remain the Company’s Chief Executive Officer and a director on the Company’s Board of Directors.

Sanghi joined Vertiv’s forerunner, Emerson, in 1994 and has held senior Asia Pacific leadership positions at Vertiv since 2017. He was named President, ASI in 2021.

“Anand brings tremendous experience, a keen understanding of the business and a relentless focus on operational excellence to our Americas business, which is in the midst of a rapid turnaround with organic revenue growth over 60% and adjusted operating margin more than doubling in the first quarter of 2023 compared to the prior year quarter,” said Giordano Albertazzi, Vertiv CEO. “He is the right person to continue to drive the Americas’ ongoing transformation and further advance our progress in creating a high performance culture.”

For more information on Vertiv and its complete portfolio of digital infrastructure and continuity solutions, visit Vertiv.com.

# # #

About Vertiv

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers’ vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

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CONTACT

For investor inquiries:

Lynne Maxeiner

Vice President, Global Treasury & Investor Relations

Vertiv

T +1 614-841-6776

E: lynne.maxeiner@vertiv.com

For media inquiries:

Sara Steindorf

FleishmanHillard for Vertiv

E: sara.steindorf@fleishman.com

Source: Vertiv Holdings Co

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Cover	May 23, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 23, 2023
Entity File Number	001-38518
Entity Registrant Name	VERTIV HOLDINGS CO
Entity Central Index Key	0001674101
Entity Tax Identification Number	81-2376902
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	505 N. Cleveland Ave.
Entity Address, City or Town	Westerville
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43082
City Area Code	614
Local Phone Number	888-0246
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A common stock, $0.0001 par value per share
Trading Symbol	VRT
Security Exchange Name	NYSE
Entity Emerging Growth Company	false