28 unchanged sentences
In our opinion, Zebra Technologies Corporation (the Company) maintained, in all material respects, effective internal control over financial reporting as of December 31, 2021, based on the COSO criteria.
−Removed: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Zebra Technologies Corporation as of December 31, 2020 and 2019, the related consolidated statements of operations, comprehensive income, stockholders’ equity, and cash flows, for each of the three years in the period ended December 31, 2020, and the related notes and financial statement schedule listed in the Index at Item 15 and our report dated February 11, 2021 expressed an unqualified opinion thereon.
+Added: We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Zebra Technologies Corporation as of December 31, 2021 and 2020, the related consolidated statements of operations, comprehensive income, stockholders’ equity, and cash flows, for each of the three years in the period ended December 31, 2021, and the related notes, and our report dated February 10, 2022 expressed an unqualified opinion thereon.
Basis for Opinion
19 unchanged sentences
Not applicable.
+Added: Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
+Added: Not applicable.
Directors, Executive Officers and Corporate Governance
11 unchanged sentences
The information in response to this item is incorporated by reference from the Proxy Statement section entitled “Fees of Independent Auditors.”
−Removed: Exhibits, Financial Statements and Schedules
+Added: Exhibits and Financial Statement Schedules
Index to Consolidated Financial Statements
−Removed: Report of Independent Registered Public Accounting Firm
+Added: Report of Independent Registered Public Accounting Firm (PC AOB ID:
Consolidated Balance Sheets as of December 31, 2021 and 2020
5 unchanged sentences
Index to Financial Statement Schedules
−Removed: Schedule II - Valuation and Qualifying Accounts
−Removed: All other financial statement schedules are omitted because they are not applicable to the Company.
+Added: Schedules are omitted because the information is not required or because the information required is included in the
+Added: Notes to Consolidated Financial Statements.
Index to Exhibits
3 unchanged sentences
8-K 3.1(i) August 6, 2012
−Removed: 3.1(ii) Amended and Restated By-laws of Zebra Technologies Corporation, as amended as of January 7, 2013.
−Removed: 8-K 3(ii) January 10, 2013
+Added: 3.1(ii) Amended and Restated By-laws of Zebra Technologies Corporation, as amended as of August 6, 2021
+Added: 8-K 3.1 August 10, 2021
4.1 Specimen stock certificate representing Class A Common Stock.
3 unchanged sentences
10.1 Employee Agreement between Nathan Winters and the Company Dated January 11, 2021.
−Removed: 10.2 Form of indemnification agreement between Zebra Technologies Corporation and each director and executive officer.
10-K 10.1 December 31, 2020
−Removed: 10.3 Amendment to outstanding Stock Option Agreements under the 2006 Incentive Compensation Plan, dated December 2, 2008.
−Removed: 8-K 10.2 December 8, 2008
−Removed: 10.4 2006 Incentive Compensation Plan.
−Removed: 8-K 10.1 May 15, 2006
−Removed: 10.5 Amendment to the 2006 Incentive Compensation Plan dated December 2, 2008.
+Added: 10.2 Form of indemnification agreement between Zebra Technologies Corporation and each director and executive officer.
10-K 10.6 December 31, 2016
5 unchanged sentences
S-8 4.1 June 1, 2018
−Removed: 10.9 2005 Executive Deferred Compensation Plan, as amended.
−Removed: 10-Q 10.4 March 29, 2008
+Added: 10.6 2005 Executive Deferred Compensation Plan, as amended and restated as of January 1, 2022.
10.7 Amended and Restated Employment Agreement between Zebra Technologies Corporation and Anders Gustafsson dated as of May 6, 2010.
14 unchanged sentences
10-Q 10.2 June 27, 2020
+Added: 10.15 Form of 2021 stock settled stock appreciation rights agreement for employees other than the CEO.
+Added: 10-Q 10.3 July 3, 2021
10.16 Form of 2013-16 time-vested stock appreciation rights agreement for CEO.
9 unchanged sentences
10.21 Form of 2012 time-vested stock appreciation rights agreement for non-employee directors.
−Removed: 8-K 10.3 May 20, 2011
−Removed: 10.24 Form of 2012 time-vested stock appreciation rights agreement for non-employee directors.
10-Q 10.7 June 30, 2012
3 unchanged sentences
10-Q 10.3 June 27, 2020
−Removed: 10.27 Form of 2020 time-vested restricted stock agreement for employees other than the CEO.
−Removed: 10-Q 10.3 June 27, 2020
−Removed: 10.28 Form of 2018 performance-vested restricted stock agreement for employees other than CEO.
−Removed: 10-Q 10.1 June 30, 2018
+Added: 10.24 Form of 202 1 time- restricted stock unit agreement for employees other than the CEO.
+Added: 10-Q 10.2 July 3, 2021
10.25 Form of 2019 performance-vested restricted stock agreement for employees other than CEO.
2 unchanged sentences
10-Q 10.1 June 27, 2020
+Added: 10.27 F orm of 2021 performance-vested restricted stock unit agreement for employees other than the CEO.
+Added: 10-Q 10.1 July 3, 2021
10.28 Form of 2019 time-vested restricted stock agreement for CEO.
3 unchanged sentences
10.30 Form of 2021 time-vested restricted stock agreement for CEO.
−Removed: 10-Q 10.6 June 27, 2020
−Removed: 10.34 Form of 2018 performance-vested restricted stock agreement for CEO.
−Removed: 10-Q 10.4 June 30, 2018
+Added: 10-Q 10.5 July 3, 2021
10.31 Form of 2019 performance-vested restricted stock agreement for CEO.
2 unchanged sentences
10-Q 10.4 June 27, 2020
+Added: 10.33 F orm of 2021 performance-vested restr i cted stock agreement for CEO.
+Added: 10-Q 10.4 July 3, 2021
10.34 Amended and Restated Credit Agreement, dated July 26, 2017 (originally dated as of October 27, 2014), by and among Zebra, the lenders and issuing banks party thereto, JPMorgan Chase Bank, N.A., and Morgan Stanley Senior Funding, Inc.
21 unchanged sentences
10-K 10.37 December 31, 2017
+Added: 10.43 Second Amendment to Receivables Financing Agreement, dated as of March 19, 2021 by and among Zebra Technologies RSC, LLC, the lenders from time to time party thereto, PNC Bank, National Association, Zebra Technologies, LLC, and PNC Capital Markets, LLC
+Added: 10-Q 10 April 3, 2021
10.44 Master Accounts Receivable Purchase Agreement dated December 19, 2018 among Zebra Technologies Europe Limited, Zebra Technologies Corporation, and MUFG Bank, Ltd.
10-K 10.43 December 31, 2018
−Removed: 10.47 Master Non-Recourse Receivables Purchase Agreement dated September 17, 2019 among Zebra Technologies Europe Limited, Zebra Technologies Corporation, and BNP Paribas Commercial Finance Limited
−Removed: 10-Q 10.3 September 28, 2019
10.45 Master Framework Agreement dated April 29, 2020 among Zebra Technologies Europe Limited, Zebra Technologies Asia Pacific PTE.LTD., Zebra Technologies Corporation, Ester Finance Titrisation, Credit Agricole Corporate & Investment Bank and Credit Agricole Leasing & Factoring
1 unchanged sentence
10.46 First Deed of Amendment relating to the Master Framework Agreement dated April 29, 2020 among Zebra Technologies Europe Limited, Zebra Technologies Asia Pacific PTE.LTD., Zebra Technologies Corporation, Ester Finance Titrisation, Credit Agricole Corporate & Investment Bank and Credit Agricole Leasing & Factoring
+Added: 10-K 10.50 December 31, 2020
10.47 English Receivables Purchase Agreement dated April 29, 2020 Zebra Technologies Europe Limited, Zebra Technologies Corporation, Credit Agricole Corporate & Investment Bank, Credit Agricole Leasing & Factoring, and Ester Finance Titrisation
35 unchanged sentences
/s/ Colleen M.
−Removed: Vice President, Chief Accounting Officer
+Added: Senior Vice President, Chief Accounting and Treasury Officer
(Principal Accounting Officer) February 10, 2022
11 unchanged sentences
Director February 10, 2022
−Removed: ZEBRA TECHNOLOGIES CORPORATION AND SUBSIDIARIES
−Removed: Valuation and Qualifying Accounts
−Removed: (In millions)
−Removed: Description Balance at
−Removed: of Period Charged to
−Removed: Expenses Charged to Other Accounts (1)
−Removed: Deductions Balance at
−Removed: Valuation account for accounts receivable:
−Removed: Year ended December 31, 2020 $ 2 $ ( 1 ) $ — $ — $ 1
−Removed: Year ended December 31, 2019 3 — — 1 2
−Removed: Year ended December 31, 2018 3 1 — 1 3
−Removed: Valuation account for deferred tax assets:
−Removed: Year ended December 31, 2020 $ 421 $ 1 $ 3 $ 12 $ 413
−Removed: Year ended December 31, 2019 56 6 375 16 421
−Removed: Year ended December 31, 2018 134 — — 78 56
−Removed: (1) The amount in 2020 primarily included increases to our valuation allowance related to business combination purchase price allocation adjustments.
−Removed: The amount in 2019 related to Luxembourg reorganization activities, which resulted in the realization of deferred tax liabilities related to depreciation and amortization and a corresponding increase in valuation allowances, with no net impact to our provision for income taxes.
−Removed: See Note 16, Income Taxes in the Notes to Consolidated Financial Statements for further information.
−Removed: See accompanying report of independent registered public accounting firm.
+Added: Director February 10, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.