Xerox Holdings Files 8-K Amendment
Ticker: XRXDW · Form: 8-K/A · Filed: Feb 5, 2025 · CIK: 1770450
| Field | Detail |
|---|---|
| Company | Xerox Holdings Corp (XRXDW) |
| Form Type | 8-K/A |
| Filed Date | Feb 5, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $405 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: filing-amendment, corporate-update
Related Tickers: XRX
TL;DR
Xerox just filed an 8-K amendment, check it for updated info.
AI Summary
Xerox Holdings Corporation filed an amendment (Amendment No. 1) to its Form 8-K on November 20, 2024, reporting events that occurred on the same date. The filing pertains to Xerox Holdings Corporation and Xerox Corporation, both incorporated in New York. The company's common stock trades on the Nasdaq Global Select Market under the ticker symbol XRX.
Why It Matters
This filing is an amendment to a previous report, indicating that Xerox is providing updated or corrected information regarding a material event. Investors should review the amendment to understand the latest disclosures.
Risk Assessment
Risk Level: low — This is a procedural filing (an amendment to a previous report) and does not introduce new financial or operational risks.
Key Players & Entities
- Xerox Holdings Corporation (company) — Registrant
- Xerox Corporation (company) — Registrant
- November 20, 2024 (date) — Date of Report
- XRX (ticker) — Common Stock Trading Symbol
- Nasdaq Global Select Market (exchange) — Exchange for XRX
FAQ
What type of filing is this?
This is an 8-K/A, which is an Amendment No. 1 to a Current Report.
What is the earliest event date reported?
The earliest event date reported is November 20, 2024.
Which company's common stock is registered?
Xerox Holdings Corporation's common stock is registered.
On which exchange does Xerox Holdings Corporation's common stock trade?
Xerox Holdings Corporation's common stock trades on the Nasdaq Global Select Market.
What is the trading symbol for Xerox Holdings Corporation's common stock?
The trading symbol is XRX.
Filing Stats: 839 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2025-02-05 17:03:55
Key Financial Figures
- $1 — erox Holdings Corporation Common Stock, $1 par value XRX Nasdaq Global Select Mark
- $405 million — Purchase Agreements, was approximately $405 million. This Form 8-K/A has been filed to ame
Filing Documents
- xrx-20241120.htm (8-K/A) — 38KB
- rsmusllp-ex231.htm (EX-23.1) — 3KB
- rsmusllp-ex232.htm (EX-23.2) — 3KB
- itsavvyllc_23fsxfinal.htm (EX-99.1) — 57KB
- itsavvyllc_24fsreviewxfi.htm (EX-99.2) — 21KB
- ex-993xxrx_itsavvyproforma.htm (EX-99.3) — 438KB
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- itsavvyllc_24fsreviewxfi011.jpg (GRAPHIC) — 124KB
- xrx-20241120_g1.jpg (GRAPHIC) — 344KB
- 0001770450-25-000006.txt ( ) — 8395KB
- xrx-20241120.xsd (EX-101.SCH) — 2KB
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01. Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets. As previously disclosed in the Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC") by Xerox Corporation ("Xerox") on November 20, 2024 (the "Original Form 8-K"), Xerox consummated its previously announced acquisition of ITsavvy Acquisition Company, Inc. ("the Company") on November 20, 2024 pursuant to the Securities Purchase Agreement (the "Purchase Agreement"), whereby ITsavvy Holdings, LLC (the "Seller") sold, Xerox (the "Purchaser") purchased purchase, all of the issued and outstanding equity securities of the Company. The consideration payable by Xerox pursuant to the Purchase Agreement, after customary working capital and other adjustments in accordance with the terms of the Purchase Agreements, was approximately $405 million. This Form 8-K/A has been filed to amend and supplement the Original Form 8-K to provide the financial statements described in Item 9.01 below, which are permitted to be filed by amendment not later than 71 calendar days after the date that the Original Form 8-K was required to be filed with the SEC.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (a) Financial statements of businesses or funds acquired. The Company's audited consolidated financial statements as of and for the year ended December 31, 2023 and unaudited condensed consolidated financial statements for the nine-month period ended September 30, 2024 are attached as Exhibits 99.1 and 99.2, respectively, to this Form 8-K/A and incorporated herein by reference. Such financial statements of the Company were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). (b) Pro forma financial information. The unaudited pro forma condensed combined financial information as of and for the nine months ended September 30, 2024, and for the year ended December 31, 2023, related to Xerox's acquisition of the Company are attached as Exhibit 99.3 to this Form 8-K/A and incorporated herein by reference. (d) Exhibits. Exhibit No. Description 23.1 Consent of RSM US LLP re Xerox Holdings Corporation 23.2 Consent of RSM US LLP re Xerox Corporation 99.1 ITsavvy Acquisition Company, Inc audited consolidated financial statements for the year ended December 31, 2023 99.2 ITsavvy Acquisition Company, Inc unaudited condensed consolidated financial statements as of and for the nine months ended September 30, 2024 99.3 Xerox Holdings Corporation unaudited pro forma condensed combined financial information as of and for the nine months ended September 30, 2024 and for the year ended December 31, 2023 104 Cover Page Interactive Data File - The cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. The signatures for each undersigned shall be deemed to relate only to matters having reference to such company and its subsidiaries. XEROX HOLDINGS CORPORATION (Registrant) By: /s/ W ILLIAM T WOMEY William Twomey Vice President and Chief Accounting Officer (Principal Accounting Officer) Date: February 5, 2025 XEROX CORPORATION (Registrant) By: /s/ W ILLIAM T WOMEY William Twomey Vice President and Chief Accounting Officer (Principal Accounting Officer) Date: February 5, 2025