Southwest strikes deal with Elliott, adds six new board members [Fortune]
NCR Atleos Corporation (NATL)
Company Research
Source: Fortune
New board members include former Chevron Corp. CFO Pierre Breber, former Virgin America CEO David Cush, ex-federal railroad administrator Sarah Feinberg, former Marriott International Group President Dave Grissen, ex-WestJet CEO Gregg Saretsky and NCR Atleos Chief Information, Technology Officer Patricia Watson, who all join Nov. 1. The airline also announced that Executive Chairman Gary Kelly will accelerate his retirement and that the reconstituted 13-member board will appoint a new independent chairman. The activist firm agreed to a standstill and information sharing agreement with Southwest. Elliott, which owns a stake of more than 10%, also withdrew a prior request for a special shareholder meeting on Dec. 10. The agreement preserves — for now, at least — the job of CEO Bob Jordan, whom Elliott had been seeking to oust. Elliott had targeted Jordan and Kelly for their poor execution and “stubborn unwillingness to evolve the company's strategy.” They are “not up to the task
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NATL
News
- Clip Money Inc. Reports Third Quarter 2024 Results, Record Revenue Growth [Yahoo! Finance]Yahoo! Finance
- NCR Atleos Announces Participation in Upcoming Investor ConferencesBusiness Wire
- NatWest Group Modernises Self-Service Banking with NCR AtleosBusiness Wire
- Waitrose Extends Collaboration with NCR Atleos, Expanding Cash Access [Yahoo! Finance]Yahoo! Finance
- Waitrose Extends Collaboration with NCR Atleos, Expanding Cash AccessBusiness Wire
NATL
Earnings
- 11/12/24 - Beat
NATL
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- NATL's page on the SEC website