One of Atlanta’s largest companies has filed key paperwork with securities regulators to split itself into two public entities.
NCR, an automated teller and financial technology company, filed documents on Monday with the Securities and Exchange Commission, revealing new details on the impending split. Officials for the Fortune 500 company said last September they expected the separation to take place by the end of 2023, resulting in one company focused on ATMs and the other on digital banking and commerce.
NCR filed a Form 10 registration statement for the future stock of the ATM business that outlines financial performance and potential risks for investors. The filing focuses on the strategy and finances of the future ATM company, which is referred to as the placeholder name NCR ATMCo. The future digital commerce company will continue to be called NCR.
