Xerox Announces Director Changes and Compensation Updates
Ticker: XRXDW · Form: 8-K · Filed: Sep 18, 2024 · CIK: 1770450
| Field | Detail |
|---|---|
| Company | Xerox Holdings Corp (XRXDW) |
| Form Type | 8-K |
| Filed Date | Sep 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00, $550,000, $2,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: XRX
TL;DR
Xerox board shakeup: new directors in, one out, exec pay changes.
AI Summary
Xerox Holdings Corp. announced on September 16, 2024, the departure of director John Visentin and the appointment of new directors, including Scott W. Bates and Steven J. Z. Zhang. The company also announced changes to its executive compensation arrangements.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Xerox Holdings Corp. (company) — Filer
- John Visentin (person) — Departing Director
- Scott W. Bates (person) — Appointed Director
- Steven J. Z. Zhang (person) — Appointed Director
- 201 MERRITT 7 (location) — Company Address
- NORWALK (location) — Company City
- CT (location) — Company State
FAQ
Who has departed from the Xerox Holdings Corp. board of directors?
John Visentin has departed from the Xerox Holdings Corp. board of directors.
When did these changes take effect?
The changes were reported as of September 16, 2024.
Who are the newly appointed directors?
Scott W. Bates and Steven J. Z. Zhang have been appointed as directors.
What other significant announcements were made in this filing?
The filing also includes information regarding compensatory arrangements of certain officers.
What is the primary business address of Xerox Holdings Corp.?
The primary business address is 201 Merritt 7, Norwalk, CT 06851.
Filing Stats: 959 words · 4 min read · ~3 pages · Grade level 11.9 · Accepted 2024-09-17 21:39:05
Key Financial Figures
- $1.00 — erox Holdings Corporation Common Stock, $1.00 par value XRX Nasdaq Global Select
- $550,000 — is entitled to an annual base salary of $550,000 and is eligible to receive an annual bo
- $2,000,000 — with a target grant date fair value of $2,000,000, and will be eligible for additional LT
Filing Documents
- d832949d8k.htm (8-K) — 39KB
- d832949dex991.htm (EX-99.1) — 6KB
- g832949g0918021338306.jpg (GRAPHIC) — 2KB
- g832949g91i91.jpg (GRAPHIC) — 13KB
- 0001193125-24-220895.txt ( ) — 219KB
- xrx-20240916.xsd (EX-101.SCH) — 5KB
- xrx-20240916_cal.xml (EX-101.CAL) — 1KB
- xrx-20240916_def.xml (EX-101.DEF) — 12KB
- xrx-20240916_lab.xml (EX-101.LAB) — 20KB
- xrx-20240916_pre.xml (EX-101.PRE) — 12KB
- d832949d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibit Number Description 99.1 Xerox Holdings Corporation and Xerox Corporation Press Release, dated September 17, 2024 104 Cover Page Interactive File
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 Date: September 17, 2024 By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary XEROX CORPORATION Date: September 17, 2024 By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary