Xerox Holdings Corp. Files 8-K for Asset Deal and Financial Obligations
Ticker: XRXDW · Form: 8-K · Filed: Nov 21, 2024 · CIK: 1770450
| Field | Detail |
|---|---|
| Company | Xerox Holdings Corp (XRXDW) |
| Form Type | 8-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00, $180.0 million, $110.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, acquisition-disposition, financial-obligation
Related Tickers: XRX
TL;DR
Xerox just filed an 8-K for a big asset deal and new financial obligations - watch this space.
AI Summary
On November 20, 2024, Xerox Holdings Corp. entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits.
Why It Matters
This 8-K filing signals a significant corporate transaction for Xerox, potentially impacting its financial structure and future business operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and financial obligations can introduce significant financial and operational risks for a company.
Key Players & Entities
- Xerox Holdings Corp. (company) — Filer
- XEROX CORP (company) — Filer
- HALOID XEROX INC (company) — Former Company
FAQ
What specific material definitive agreement did Xerox Holdings Corp. enter into?
The filing indicates the entry into a material definitive agreement related to the completion of an acquisition or disposition of assets, but the specific details of the agreement are not provided in this summary.
What type of financial obligation was created by Xerox Holdings Corp.?
The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the exact nature of this obligation is not detailed here.
When was this 8-K filing submitted?
The filing was submitted on November 21, 2024.
What is the primary SIC code listed for Xerox Holdings Corp.?
The primary SIC code listed is 3577, which corresponds to COMPUTER PERIPHERAL EQUIPMENT, NEC.
What was the former name of Xerox Corp. and when did the name change occur?
The former name was HALOID XEROX INC, and the date of the name change was August 13, 1973.
Filing Stats: 949 words · 4 min read · ~3 pages · Grade level 10.3 · Accepted 2024-11-21 08:59:35
Key Financial Figures
- $1.00 — erox Holdings Corporation Common Stock, $1.00 par value XRX Nasdaq Global Select
- $180.0 million — ompany. On the Closing Date, Xerox paid $180.0 million in cash to the Seller and issued to the
- $110.0 million — e Seller and issued to the Seller (i) a $110.0 million secured promissory note (the "2025 Note
Filing Documents
- d904059d8k.htm (8-K) — 39KB
- d904059dex41.htm (EX-4.1) — 82KB
- d904059dex42.htm (EX-4.2) — 79KB
- g904059g1121000839454.jpg (GRAPHIC) — 3KB
- 0001193125-24-263043.txt ( ) — 405KB
- xrx-20241120.xsd (EX-101.SCH) — 5KB
- xrx-20241120_cal.xml (EX-101.CAL) — 1KB
- xrx-20241120_def.xml (EX-101.DEF) — 12KB
- xrx-20241120_lab.xml (EX-101.LAB) — 20KB
- xrx-20241120_pre.xml (EX-101.PRE) — 12KB
- d904059d8k_htm.xml (XML) — 5KB
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: November 21, 2024 By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary XEROX CORPORATION Date: November 21, 2024 By: /s/ Flor M. Coln Name: Flor M. Coln Title: Secretary