UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 13, 2020, Olivier Leonetti notified Zebra Technologies Corporation (the “Company) of his decision to resign from his position as Senior Vice President, Chief Financial Officer to pursue another opportunity, effective August 28, 2020. Mr. Leonetti’s decision to resign is not related to any disagreement with the Company or its auditors on any matter relating to the Company’s operations, policies or practices.
The Board of Directors has appointed Nathan Winters as Acting Chief Financial Officer, effective August 28, 2020, until a permanent Chief Financial Officer is appointed. Mr. Winters, 41, has served as Vice President of Corporate Financial Planning & Analysis and Business Operations of the Company since April 2018. Prior to joining the Company, Mr. Winters most recently served as the Chief Financial Officer, Global Supply Chain at GE Healthcare from April 2016 to March 2018. In addition to that position at GE Healthcare, he held the position of Chief Financial Officer, Life Science BioProcess (April 2014 to March 2016) and previously held various finance positions of growing levels of responsibility at GE Healthcare and General Electric. There are no family relationships between Mr. Winters and any director or executive officer of the Company, and there are no related party transactions between the Company and Mr. Winters that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
In connection with his appointment as Acting Chief Financial Officer, Mr. Winters’ salary will increase $10,000 per month starting on August 28, 2020 and end on the Company’s appointment of a new Chief Financial Officer. In addition, he will receive a grant of time-vested restricted stock with a grant date fair value equal to $150,000 and annual vesting in one-third increments on each anniversary of the grant date.
On August 18, 2020, the Company issued a press release announcing Mr. Leonetti’s resignation and Mr. Winters’ appointment. A copy of the press release is attached to this Current Report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number |
Description of Exhibits | |
99.1 | Registrant’s Press Release dated August 18, 2020 | |
104 | Cover Page Interactive Data File (embedded within the inline XBRL) |
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.
ZEBRA TECHNOLOGIES CORPORATION | ||||||||
Date: August 18, 2020 | By: | /s/ Cristen Kogl |
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Cristen Kogl | ||||||||
SVP, General Counsel |
EXHIBIT INDEX
Exhibit Number |
Description of Exhibits | |
99.1 | Registrant’s Press Release dated August 18, 2020 | |
104 | Cover Page Interactive Data File (embedded within the inline XBRL) |