In a recent filing with the Securities and Exchange Commission, NCR (NYSE:VYX) Atleos Corporation, a company specializing in calculating and accounting machines, announced the immediate departure of Executive Vice President and Chief Human Resources Officer LaShawne Meriwether on Monday. The Maryland-based company, which trades on the New York Stock Exchange under the ticker NYSE:NATL, stated that Meriwether's exit will be treated as a termination without cause.
The company, headquartered in Atlanta, GA, detailed that a Separation Agreement and General Waiver and Release were executed on the same day as Meriwether's departure. This agreement outlines the severance benefits that she will receive, which are consistent with the company's Executive Severance Plan and her existing offer letter dated June 20, 2023. The severance terms were also previously described in the company's proxy statement filed on April 1, 2024.
Additionally, the Separation Agreement includes a customary release of claims, affirming Meriwether's post-termination obligations and severance benefits under the existing Agreements. The full text of the separation agreement was attached to the filing as Exhibit 10.1.
NCR Atleos Corporation, formerly known as NCR Atleos, LLC and NCR ATMCo, LLC, has undergone name changes on August 2, 2023, and April 18, 2023, respectively. The company's fiscal year ends on December 31.
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