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): June 12, 2023
(Exact Name of Registrant as Specified in its Charter)
| Ohio | 1-4879 | 34-0183970 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
| 50 Executive Parkway, P.O. Box 2520 Hudson, OH |
44236 | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (330) 490-4000
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:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | 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 |
Name of each exchange on which registered | ||
| Common shares, $1.25 par value per share | DBD | 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 ☐
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. ☐
| Item 1.03 | Bankruptcy or Receivership |
As previously disclosed, on June 1, 2023, Diebold Nixdorf, Incorporated (the “Company”) and certain of its subsidiaries (collectively, the “Debtors”) filed voluntary petitions in the U.S. Bankruptcy Court for the Southern District of Texas (the “U.S. Bankruptcy Court”) seeking relief under chapter 11 of title 11 of the U.S. Code (the “U.S. Bankruptcy Code”). The cases are being jointly administered under the caption In re: Diebold Holding Company, LLC, et al. (Case No. 23-90602) (the “Chapter 11 Cases”). Additionally, as previously disclosed, on June 1, 2023, Diebold Nixdorf Dutch Holding B.V. (“Diebold Dutch”) filed a scheme of arrangement relating to certain of the Company’s subsidiaries and commenced voluntary proceedings (the “Dutch Scheme Proceedings”) under the Dutch Act on Confirmation of Extrajudicial Plans (Wet homologatie onderhands akkoord) in the District Court of Amsterdam (the “Dutch Court”). The Debtors continue to operate their businesses as “debtors-in-possession” under the jurisdiction of the U.S. Bankruptcy Court and in accordance with the applicable provisions of the U.S. Bankruptcy Code and orders of the U.S. Bankruptcy Court.
On June 12, 2023, Diebold Dutch filed a voluntary petition for relief under chapter 15 of the U.S. Bankruptcy Code (the “Recognition Petition”) in the U.S. Bankruptcy Court seeking recognition of the Dutch Scheme Proceedings and related relief. On June 13, 2023, the U.S. Bankruptcy Court issued an order, which, among other things, scheduled a hearing before the U.S. Bankruptcy Court for July 12, 2023 at 2:30 pm (CT) (the “Recognition Hearing”) and approved the form and manner of service of notice (the “Hearing Notice”). Instructions for submitting a response, answer or objection to the Recognition Petition or otherwise participating in the Recognition Hearing are included in the Hearing Notice. The description of the Hearing Notice does is a summary only and is qualified in its entirety by reference to the Hearing Notice, a copy of which is furnished as Exhibit 99.1 and is incorporated into this Item 1.03 by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits.
| Exhibit Number |
Description | |
| 99.1 | Order Scheduling Hearing and Specifying Form and Manner of Service of Notice Pursuant to Sections 1515 and 105(A) of Bankruptcy Code and Bankruptcy Rules 2002 and 9007, dated June 13, 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.
| Diebold Nixdorf, Incorporated | ||||||
| Date: June 16, 2023 | By: | /s/ Jonathan B. Leiken | ||||
| Jonathan B. Leiken | ||||||
| Executive Vice President, Chief Legal Officer and Secretary | ||||||
Exhibit 99.1
| United States Bankruptcy Court Southern District of Texas ENTERED June 13, 2023 Nathan Ochsner, Clerk |
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
| In re: | Chapter 15 | |
| Diebold Nixdorf Dutch Holding B.V., | Case No. 23-90729 | |
| Debtor in a foreign proceeding. | Re: Docket No. 2 | |
ORDER SCHEDULING HEARING AND SPECIFYING FORM AND MANNER
OF SERVICE OF NOTICE PURSUANT TO SECTIONS 1515 AND 105(A)
OF BANKRUPTCY CODE AND BANKRUPTCY RULES 2002 AND 9007
Upon the motion (the “Motion”)1 of Carlin Adrianopoli, the foreign representative (the “Foreign Representative”) of the above-captioned debtor (the “Netherlands Debtor”) for entry of an order pursuant to sections 105(a) and 1515 of title 11 of the United States Code (the “Bankruptcy Code”) and Rules 2002 and 9007 of the Federal Rules of Bankruptcy Procedure (the “Bankruptcy Rules”), scheduling a hearing and specifying the form and manner of service of notice (the “Order”), all as more fully described in the Motion; and this Court having jurisdiction to consider the Motion pursuant to 28 U.S.C. § 1334; and consideration of the Motion and the relief requested therein being a core proceeding pursuant to 28 U.S.C. § 157(b); and the Netherlands Debtor having consented to the Court’s authority to enter a final order consistent with Article III of the United States Constitution; and venue being proper before this Court pursuant to 28 U.S.C. § 1410; and due and proper notice of the Motion having been provided; and it appearing that no other or further notice need be provided; and upon review of the Adrianopoli Chapter 11 Declaration, the Recognition Declarations and the Recognition Motion, filed contemporaneously with the Motion, and all of the proceedings had before the Court; and it appearing that the relief requested by the Motion is in the best interest of the Netherlands Debtor, its estate, its creditors and other parties in interest; and after due deliberation and sufficient cause appearing therefor; it is hereby ORDERED that:
1. The Recognition Hearing Notice, substantially in the form attached hereto as Exhibit 1, is hereby approved.
| 1 | Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Motion. |
2. Service of the Recognition Hearing Notice in accordance with this Order is hereby approved as adequate and sufficient notice and service on all interested parties.
3. Prior to mailing the Recognition Hearing Notice, the Foreign Representative may fill in any missing dates and other information, correct any typographical errors, conform the provisions thereof to the provision of this Order and make such other and further non-material, non-substantive changes as the Foreign Representative deems necessary or appropriate.
4. Bankruptcy Rule 1011 does not apply to chapter 15 petitions and, therefore, the summons requirements in Bankruptcy Rule 1011(b) are inapplicable to the Verified Petition and the Recognition Motion.
5. All notice requirements specified in section 1514 of the Bankruptcy Code are hereby waived or otherwise deemed inapplicable to this case.
6. The Recognition Hearing is scheduled for July 12 at 2:30 p.m. (prevailing Central Time), in Courtroom 400 of the United States Bankruptcy Court for the Southern District of Texas, 515 Rusk Street, 4th Floor, Houston, Texas 77002.
7. The Foreign Representative shall serve, or cause to be served, copies of the Recognition Hearing Notice and all exhibits thereto, which includes the Moratorium Order, the Recognition Motion (including the proposed Final Order), the Adrianopoli Chapter 11 Declaration and the Recognition Declarations, by United States or Dutch mail, first-class postage-prepaid, on the Notice Parties within three (3) business days of entry of this Order.
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8. The Foreign Representative shall serve, or cause to be served, the Recognition Hearing Notice and any subsequent notices upon any party that files a notice of appearance in the Chapter 15 Case, within five (5) business days of the filing of such notice of appearance, if such documents have not already been served on such party (or its counsel).
9. The Foreign Representative shall serve, or cause to be served, all pleadings filed by the Foreign Representative in the Chapter 15 Case on the Master Service List, including any party requesting to be added thereto, by United States or Dutch mail, first-class postage-prepaid.
10. Responses or objections to the Verified Petition and the Recognition Motion and the relief requested therein must be made pursuant to the Bankruptcy Code, the Bankruptcy Rules and the Bankruptcy Local Rules for the Southern District of Texas (the “Local Rules”) in writing and setting forth the basis therefore. Such responses must be filed no later than July 5, 2023, at 4:00 p.m. (prevailing Central Time).
11. Notwithstanding any applicability of any Bankruptcy Rules, the terms and conditions of this Order shall be immediately effective and enforceable upon its entry.
12. The Foreign Representative is authorized to take all actions necessary to effectuate the relief granted pursuant to this Order in accordance with the Motion.
13. This Court retains exclusive jurisdiction to hear and determine all matters arising from or related to the implementation, interpretation or enforcement of this Order.
Signed: June 13, 2023.
| /s/ DAVID R. JONES |
| DAVID R. JONES |
| UNITED STATES BANKRUPTCY JUDGE |
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Exhibit 1
Notice of Recognition Hearing
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
| In re: | Chapter 15 | |
| Diebold Nixdorf Dutch Holding B.V., | Case No. 23-90729 | |
| Debtor in a foreign proceeding. | ||
NOTICE OF (I) CHAPTER 15 PETITION,
(II) THE FOREIGN REPRESENTATIVE’S (A) MOTION FOR
RECOGNITION OF FOREIGN MAIN PROCEEDING, OR, IN THE
ALTERNATIVE, FOREIGN NON-MAIN PROCEEDING, AND (B) REQUEST FOR
CERTAIN RELATED RELIEF AND (III) COURT’S INTENTION TO
COMMUNICATE WITH FOREIGN COURT AND FOREIGN REPRESENTATIVE
On June 12, 2023, Carlin Adrianopoli, in his capacity as the foreign representative (the “Foreign Representative”) of the above-captioned debtor (collectively, the “Netherlands Debtor”), which is the subject of a proceeding (the “Dutch Scheme Proceeding”) currently pending before the District Court of Amsterdam (the “Dutch Court”) pursuant to the Dutch Act on Confirmation of Extrajudicial Plans (Wet homologatie onderhands akkoord) (the “Dutch Restructuring Law”), filed (i) petition for relief (the “Petition”) under chapter 15 of title 11 of the United States Code (the “Bankruptcy Code”), and (ii) the Foreign Representative’s (I) Motion for Recognition of Foreign Main Proceeding, or, in the Alternative, Foreign Non-Main Proceeding and (II) Request for Certain Related Relief (the “Recognition Motion”), seeking recognition of the Dutch Scheme Proceeding as a foreign main proceeding, or in the alternative, foreign non-main proceeding, pursuant to section 1515 of the Bankruptcy Code and other related relief, in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). Parties can obtain a copy of all documents filed electronically with the Court in this case and relevant documents filed with the Dutch Court in the Dutch Scheme Proceeding, and find important dates and deadlines
free of charge by visiting the websites maintained by the Netherlands Debtor’s notice and claims agent, Kroll Restructuring Administration LLC, at http://cases.ra.kroll.com/DieboldNixdorf (for the Recognition Proceeding). Copies of the: (i) Recognition Motion, (ii) Declaration of Carlin Adrianopoli, as Foreign Representative of the Netherlands Debtor, in Support of (I) Foreign Representative’s Motion for Recognition of Foreign Main Proceeding, Or, In the Alternative, Foreign Non-Main Proceeding, (II) Voluntary Chapter 15 Petition and (III) Emergency Motion for Entry of Order Scheduling Hearing and Specifying Form and Manner of Service of Notice (the “Adrianopoli Declaration”), (iii) Declaration of Jasper R. Berkenbosch as Dutch Counsel to the Foreign Representative in Support of (I) Foreign Representative’s Motion for Recognition of Foreign Proceeding, (II) Voluntary Chapter 15 Petition, and (III) Emergency Motion for Entry of Order Scheduling Hearing and Specifying Form and Manner of Service of Notice (the “Berkenbosch Declaration”), (iv) Declaration of Henk Schouten in Support of Foreign Representative’s (I) Motion for Recognition of Foreign Main Proceeding, or, in the Alternative, Foreign Non-Main Proceeding and (II) Request for Certain Related Relief (the “Schouten Declaration”) and (v) Declaration of Carlin Adrianopoli, Financial Advisor for Debtor Diebold Nixdorf, Incorporated, in Support of First Day Motions of Debtors and Debtors in Possession (the “Adrianopoli Chapter 11 Declaration”) are attached hereto as Exhibit 1, Exhibit 2, Exhibit 3, Exhibit 4 and Exhibit 5, respectively.
Among other things, the Verified Petition seeks the entry of an order granting recognition of the Dutch Scheme Proceeding.
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The Bankruptcy Court has scheduled a hearing for 2:30 p.m. on July 12, 2023 (prevailing Central Time) to consider approval of the Verified Petition and granting of the relief requested by the Foreign Representative in the Recognition Motion (the “Recognition Hearing”), including recognition of the Dutch Scheme Proceeding as a foreign main proceeding, or, in the alternative, foreign non-main proceeding, under chapter 15 of the Bankruptcy Code and giving full force and effect to orders entered in the Dutch Scheme Proceeding, including the moratorium order (the “Moratorium Order”) entered on June 8, 2023. The Moratorium Order is annexed hereto as Exhibit 6, and a certified English translation is annexed hereto as Exhibit 7.
Any party-in-interest wishing to submit a response or objection to the Verified Petition or the relief requested by the Foreign Representative in the Recognition Motion, must do so in accordance with the Bankruptcy Code, the Federal Rules of Bankruptcy Procedure and the Bankruptcy Local Rules of the United States Bankruptcy Court for the Southern District of Texas. Such response or objection must be in writing and set forth the basis therefor and must be filed with the Bankruptcy Court at United States Bankruptcy Court for the Southern District of Texas, Attention: Clerk of Court, 515 Rusk Street, 5th Floor, Houston, Texas 77002, on or before 4:00 p.m. (prevailing Central Time) on July 5, 2023.
All parties in interest opposed and wishing to object to the Netherlands Debtor’s Verified Petition or the relief requested by the Foreign Representative in the Recognition Motion must appear at the Recognition Hearing at the time and place set forth herein.
If no response or objection is timely filed and served as provided above, the Bankruptcy Court may grant the relief requested by the Foreign Representative without further notice or hearing.
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Hearing Participation
Hearings in this matter, including the Recognition Hearing, shall take place at the United States Bankruptcy Court for the Southern District of Texas, Courtroom 400, 4th Floor, 515 Rusk Street, Houston, Texas 77002. Unless otherwise ordered, all hearings in this matter shall be hybrid hearings consistent with Section H of the Procedures for Complex Cases in the Southern District of Texas. Parties may participate in hearings either in person or by an audio and video connection.
Audio communication will be by use of the Court’s dial-in facility. You may access the facility at (832) 917-1510. Once connected, you will be asked to enter the conference room number. Judge Jones’s conference room number is 205691.
Video communication will be by use of the GoToMeeting platform. Connect via the free GoToMeeting application or click the link on Judge Jones’s home page. The meeting code is “JudgeJones”. Click the settings icon in the upper right corner and enter your name under the personal information setting.
Hearing appearances must be made electronically in advance of both electronic and in-person hearings. To make your appearance, click the “Electronic Appearance” link on Judge Jones’s home page. Select the case name, complete the required fields and click “Submit” to complete your appearance.
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Dated: [_________], 2023
Houston, Texas
Exhibit 1
Recognition Motion
[TO BE FILED]
Exhibit 2
Adrianopoli Declaration
[TO BE FILED]
Exhibit 3
Berkenbosch Declaration
[TO BE FILED]
Exhibit 4
Schouten Declaration
[TO BE FILED]
Exhibit 5
Adrianopoli Chapter 11 Declaration
[TO BE FILED]
Exhibit 6
Moratorium Order
[TO BE FILED]
Exhibit 7
Certified English Translation of Moratorium Order
[TO BE FILED]