Deason & Letier Amend Conduent Stake Filing

TL;DR

Deason & Letier filed an amendment (No. 2) on their Conduent stake. Watch for updates.

AI Summary

Darwin Deason and Scott Letier, through an amendment filed on June 14, 2024, have updated their Schedule 13D filing concerning Conduent Incorporated. This amendment, designated as Amendment No. 2, signifies a change in their beneficial ownership or other relevant information regarding the company's common stock.

Why It Matters

This filing indicates a potential shift in significant shareholder positions or intentions regarding Conduent Incorporated, which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often signal potential activist investor activity or significant changes in beneficial ownership, which can introduce volatility.

Key Players & Entities

• Darwin Deason (person) — Filing person and beneficial owner
• Scott Letier (person) — Filing person and beneficial owner
• Conduent Incorporated (company) — Subject company
• June 14, 2024 (date) — Date of filing amendment

FAQ

Key Financial Figures

• $1 — rated (Name of Issuer) Common Stock, $1 par value (Title of Class of Securiti
• $1.00 — ted Series A Preferred Stock, par value $1.00 per share (the “ Series A Preferr

Filing Documents

• tm2417337d1_sc13da.htm (SC 13D/A) — 28KB
• 0001104659-24-071803.txt ( ) — 29KB

Purpose of Transaction

Item 4. Purpose of Transaction .

is hereby amended to add the following

Item 4 is hereby amended to add the following: On June 10, 2024, the Issuer announced that it consummated a transaction with Carl Icahn and his affiliates pursuant to which the Issuer purchased from Mr. Icahn and his affiliates all of the Shares owned thereby (the “Repurchase Transaction”).

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a)-(c) are hereby amended and restated to read as follows: As of the date hereof, the Reporting Person may be deemed to beneficially own, in the aggregate, 12,320,307 Shares, including 5,393,256 Shares issuable upon the conversion of 120,000 shares of Series A Preferred Stock, representing approximately 7.17% of the Issuer's outstanding Shares (based upon the 204,583,488 Shares Issuer with the SEC on May 2, 2024, minus the 38,149,336 Shares acquired by the Issuer upon the consummation of the Repurchase Transaction, plus the 5,393,256 Shares issuable up conversion of Mr. Deason’s Series A Preferred Stock). The percentage of the Shares that may be deemed to be owned by the Reporting Person has changed since the prior Schedule 13D filing of the Reporting Person solely as a result of the consummation of the Repurchase Transaction, not a change in Shares beneficially owned by the Reporting Person. All holdings are reported as of the close of business on June 10, 2024. A.Mr. Deason (a) Mr. Deason beneficially owns 12,320,307 Shares, including 5,393,256 Shares issuable upon the conversion of 120,000 shares of Series A Preferred Stock. Percentage: Approximately 7.17% (b) 1. Sole power to vote or direct vote: 12,320,307 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 12,320,307 4. Shared power to dispose or direct the disposition: 0 (c) Mr. Deason has not entered into any transactions in the Shares during the past sixty days. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Person is, for purposes of Section 13(d) of the Act, the beneficial owner of any securities of the Issuer that he does not directly own. The Reporting Person specifically disclaims beneficial ownership of the securiti

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 14, 2024 /s/ Darwin Deason Name: Darwin Deason

View Full Filing

View this SC 13D/A filing on SEC EDGAR