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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): July 25, 2025

ZEBRA TECHNOLOGIES CORPORATION

(Exact Name of Registrant as Specified in Charter)


Delaware	000-19406	36-2675536
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3 Overlook Point, Lincolnshire, Illinois		60069
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: 847-634-6700

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 Symbol

Name of exchange on which registered

Class A Common Stock, par value $.01 per share

ZBRA

The NASDAQ Stock Market, LLC

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 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


			On July 25, 2025, the Board of Directors (the “Board”) of Zebra Technologies Corporation (the “Company”) increased the size of the Board from ten to eleven directors, increased the number of Class I directors from three to four, and appointed Ms. Mary McDowell to serve as a Class I director of the Company, each effective immediately. Also, effective as of July 25, 2025, the Board increased the size of the Audit Committee from five to six members and appointed Ms. McDowell as a member of the Audit Committee. The term of office for Class I directors expires at Zebra’s 2027 Annual Meeting of Stockholders, and Ms. McDowell will stand for election at that time.


			Ms. McDowell's compensation will be consistent with the Company's previously disclosed standard compensatory arrangements for non-employee directors, which are described in the Company's most recent proxy statement filed with the Securities Exchange Commission on March 28, 2025, under the heading "Director Compensation." Ms. McDowell's compensation will be prorated to reflect the commencement date of her Board service. In addition, the Company and Ms. McDowell will enter into an indemnification agreement substantially in the form filed as Exhibit 10.2 to its annual report on Form 10-K for the period ended December 31, 2024.


			There were no arrangements or understandings pursuant to which Ms. McDowell was appointed as a director, and there are no related party transactions between the Company and Ms. McDowell that would be reportable under Item 404(a) of Regulation S-K. A copy of the press release announcing Ms. McDowell's election is furnished as Exhibit 99.1

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits


Exhibit Number			Description of Exhibits
99.1			Registrant's Press Release dated July 28, 2025
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: July 28, 2025

By:

/s/ Cristen Kogl

Cristen Kogl

Chief Legal Officer, General Counsel & Corporate Secretary

EXHIBIT INDEX


Exhibit Number			Description of Exhibits
99.1			Registrant's Press Release dated July 28, 2025
104			Cover Page Interactive Data File (embedded within the inline XBRL)

EX-99.1 5 zebrabodpressreleasefinal0.htm EX-99.1 Document

Mary McDowell Joins Zebra Technologies’ Board of Directors

LINCOLNSHIRE, Ill. – July 28, 2025 – Zebra Technologies Corporation (NASDAQ: ZBRA), a global leader in digitizing and automating frontline workflows, today announced that Mary McDowell has been appointed to the company’s Board of Directors, effective July 25, 2025. With the addition of McDowell, Zebra’s Board will have eleven members. McDowell will join the Board’s Audit Committee.

McDowell served as President, CEO, and Board Director of Mitel Networks, successfully navigating the $1B-revenue company through the pandemic and a shift in its value-creation strategy. She was also CEO and on the Board of Directors of Polycom, a leader in enterprise communications and collaboration, where she led the company through its strategic transformation and successful sale to Plantronics.

In December 2024, McDowell was named the Board Chair for Informa TechTarget, a NASDAQ-listed company with a leading platform in B2B data and market access. She also serves on the board of Arrow Electronics, a Fortune 500 technology distributor and value-added provider. McDowell previously served on the boards of Autodesk, Informa, UBM, and Bazaarvoice.

“We welcome Mary McDowell to the Zebra Board of Directors and look forward to working with her as we deliver on our vision of digitizing and automating workflows for the frontline of business,” said Anders Gustafsson, Chair, Zebra Technologies. “Her 30+ years of experience leading global technology organizations through significant business and technology transformations will support our goal of driving long-term value for our shareholders.”

McDowell’s earlier roles include Executive Partner at private equity firm Siris Capital and Executive Vice President at Nokia, where she led the company’s $15B global feature phone business and associated software services sold in 180 countries with significant revenues coming from emerging markets. She also held senior positions at Hewlett Packard and Compaq Computer.

“I am honored to join the Zebra Board of Directors,” said McDowell. “Zebra’s commitment to creating new ways of working and harnessing the power of automation and AI align well with my passion for building strong, engaged organizations that deliver business success through great products and solutions. I look forward to contributing to the company’s continued success.”

With a track record of delivering strong financial performance and shareholder value creation through deep customer and employee engagement, McDowell has extensive domestic and international experience. She holds a Bachelor’s Degree in Computer Science from the Grainger College of Engineering at the University of Illinois Urbana-Champaign.

ABOUT ZEBRA TECHNOLOGIES

Zebra (NASDAQ: ZBRA) provides the solutions to help businesses grow through increased asset visibility, connected frontline workers and intelligent automation. The company operates in more than 100 countries, and our customers include over 80% of the Fortune 500. Designed for the frontline, Zebra’s award-winning portfolio includes hardware, software, and services, all backed by our 50+ years of innovation and global partner ecosystem.


Contacts
Investors:  Michael Steele, CFA, IRC Vice President, Investor Relations Phone: +1-847-518-6432  InvestorRelations@zebra.com			Media:   Therese Van Ryne  Senior Director, External Communications Phone:  +1-847-370-2317  therese.vanryne@zebra.com
Industry Analyst : Kasia Fahmy Senior Manager, Analyst Relations Phone: +1-224-306-8654 k.fahmy@zebra.com

ZEBRA and the stylized Zebra head are trademarks of Zebra Technologies Corp., registered in many jurisdictions worldwide. All other trademarks are the property of their respective owners. ©2025 Zebra Technologies Corp. and/or its affiliates.