Xerox Holdings Corp. Enters Material Definitive Agreement
Ticker: XRXDW · Form: 8-K · Filed: Oct 17, 2024 · CIK: 1770450
| Field | Detail |
|---|---|
| Company | Xerox Holdings Corp (XRXDW) |
| Form Type | 8-K |
| Filed Date | Oct 17, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.00, $400.0 m, $180.0 million, $110.0 million, $27,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
Related Tickers: XRX
TL;DR
Xerox just signed a big financial deal, could affect their obligations.
AI Summary
On October 15, 2024, Xerox Holdings Corp. entered into a Material Definitive Agreement related to a financial obligation. The filing details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details regarding the nature of the agreement and the financial figures involved are not fully elaborated in the provided text.
Why It Matters
This filing indicates Xerox has entered into a significant financial agreement, which could impact its financial obligations and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce financial risks and operational changes for the company.
Key Players & Entities
- Xerox Holdings Corp. (company) — Registrant
- XEROX CORP (company) — Filer
- HALOID XEROX INC (company) — Former Company
FAQ
What is the nature of the Material Definitive Agreement entered into by Xerox Holdings Corp. on October 15, 2024?
The filing states that Xerox Holdings Corp. entered into a Material Definitive Agreement, which involves the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. Specific details of the agreement are not provided in the excerpt.
What is the filing date for this 8-K report?
The filing date for this 8-K report is October 17, 2024.
What are the Central Index Keys for Xerox Holdings Corp. and Xerox Corp.?
The Central Index Key for Xerox Holdings Corp. is 0001770450, and for Xerox Corp. it is 0000108772.
What is the state of incorporation for Xerox Holdings Corp.?
Xerox Holdings Corp. is incorporated in Connecticut (CT).
What is the SIC code listed for Xerox Holdings Corp.?
The Standard Industrial Classification (SIC) code listed for Xerox Holdings Corp. is 3577, which corresponds to COMPUTER PERIPHERAL EQUIPMENT, NEC.
Filing Stats: 1,222 words · 5 min read · ~4 pages · Grade level 12.5 · Accepted 2024-10-17 09:15:02
Key Financial Figures
- $1.00 — erox Holdings Corporation Common Stock, $1.00 par value XRX Nasdaq Global Select
- $400.0 m — eement provides for a purchase price of $400.0 million, consisting of (i) a $180.0 milli
- $180.0 million — of $400.0 million, consisting of (i) a $180.0 million cash payment at closing, (ii) a $110.0
- $110.0 million — million cash payment at closing, (ii) a $110.0 million secured promissory note to be issued by
- $27,500,000 — 025 Note, Xerox shall pay to the Seller $27,500,000 within five business days of each of Ja
Filing Documents
- d819881d8k.htm (8-K) — 43KB
- d819881dex101.htm (EX-10.1) — 694KB
- g819881g1017013437767.jpg (GRAPHIC) — 3KB
- 0001193125-24-238574.txt ( ) — 1074KB
- xrx-20241015.xsd (EX-101.SCH) — 5KB
- xrx-20241015_cal.xml (EX-101.CAL) — 1KB
- xrx-20241015_def.xml (EX-101.DEF) — 12KB
- xrx-20241015_lab.xml (EX-101.LAB) — 20KB
- xrx-20241015_pre.xml (EX-101.PRE) — 12KB
- d819881d8k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1* Securities Purchase Agreement by and among Xerox, the Seller and the Company, dated as of October 15, 2024 (including the form of the Notes) 104 Cover Page Interactive Data File (formatted as Inline XBRL) * Pursuant to Item 601(a)(5) of Regulation S-K, certain schedules and exhibits to the Purchase Agreement have been omitted from this Current Report on Form 8-K and will be furnished to the Securities and Exchange Commission supplementally upon request.
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: October 17, 2024 By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary XEROX CORPORATION Date: October 17, 2024 By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary