Xerox Holdings Corp false 0001770450 0001770450 2024-05-22 2024-05-22

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 22, 2024

 

 

 

LOGO

XEROX HOLDINGS CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

New York   001-39013   83-3933743
(State or other jurisdiction
of incorporation)		   (Commission
File Number)		   (IRS Employer
Identification No.)

201 Merritt 7

Norwalk, Connecticut

06851

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (203) 849-5216

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol

  

Name of each exchange
on which registered

Xerox Holdings Corporation Common Stock, $1 par value   XRX   Nasdaq Global Select Market

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 22, 2024, the shareholders of Xerox Holdings Corporation (the “Company”) approved the Xerox Holdings Corporation 2024 Equity and Performance Incentive Plan (the “Plan”) at the Company’s annual meeting of shareholders (the “2024 Annual Meeting”). The Company’s shareholders approved the Plan in accordance with the voting results set forth below under Item 5.07. The Plan was previously adopted by the Company’s Board of Directors, subject to shareholder approval.

The Plan replaces the Xerox Holdings Corporation Performance Incentive Plan and the Xerox Holdings Corporation 2004 Equity Compensation Plan for Non-Employee Directors, both as previously approved by the Company’s shareholders. The material terms of the Plan were described in the Company’s definitive Proxy Statement (the “Proxy Statement”) filed with the Securities and Exchange Commission on April 11, 2024, under the caption “Proposal 4 – Proposal to Approve the Xerox Holdings Corporation 2024 Equity and Performance Incentive Plan”. The Plan authorizes the grants of equity-based incentive awards to employees of the Company or any entity in which the Company has a significant equity interest and any non-employee directors of the Company, as more fully described in the Proxy Statement.

The above description of the Plan does not purport to be complete and is qualified in its entirety by the full text of the Plan, set forth in Exhibit 10.1, and incorporated herein by reference.

 

2

Item 5.07. Submission of Matters to a Vote of Security Holders

Set forth below are the matters on which the Company’s shareholders voted at the 2024 Annual Meeting, along with final voting results, as reported by the Company’s independent inspector of election.

 

1.

Election of Directors. All nominees for director were elected.

 

Name    For      Against      Abstain      Non-Votes  

Steven J. Bandrowczak

      94,867,066        676,019        223,423        13,759,453  

John G. Bruno

      93,387,937        2,105,187        273,384        13,759,453  

Tami A. Erwin

      94,872,514        690,020        203,974        13,759,453  

Priscilla Hung

      94,287,346        1,155,471        323,691        13,759,453  

Scott Letier

      93,307,789        2,259,982        198,737        13,759,453  

Nichelle Maynard-Elliott

      93,615,792        1,951,220        199,496        13,759,453  

Edward G. McLaughlin

      94,904,360        659,912        202,236        13,759,453  

John J. Roese

      94,905,596        653,870        207,042        13,759,453  

Amy Schwetz

      86,403,909        9,161,734        200,865        13,759,453  

 

2.

Ratification of appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2024. The selection of PricewaterhouseCoopers LLP was ratified.

 

For   Against   Abstain   Non-Votes
105,407,552   3,276,289   842,120   0

 

3.

Approval, on an advisory basis, of the 2023 compensation of the Company’s Named Executive Officers (“NEOs”), as defined and disclosed in Company’s proxy statement in connection with the 2024 Annual Meeting. The 2023 compensation of the Company’s NEOs was approved, on an advisory basis.

 

For   Against   Abstain   Non-Votes
91,471,588   3,572,382   722,538   13,759,453

 

4.

Proposal to approve the Company’s 2024 Equity and Performance Incentive Plan. The 2024 Equity and Performance Incentive Plan was approved.

 

For   Against   Abstain   Non-Votes
92,024,673   3,024,648   717,187   13,759,453

 

5.

Shareholder proposal for shareholder approval of golden parachute agreements, if properly presented at the annual meeting. The proposal regarding golden parachute agreements was not approved.

 

For   Against   Abstain   Non-Votes
39,670,182   55,369,231   727,095   13,759,453

 

6.

Shareholder proposal for an amended director resignation bylaw, if properly presented at the annual meeting. The proposal for the amended director resignation bylaw was not approved.

 

For   Against   Abstain   Non-Votes
23,528,918   71,447,421   790,169   13,759,453

 

 

3

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

No.

    Description of Exhibit
10.1    Xerox Holdings Corporation 2024 Equity and Performance Incentive Plan (Incorporated by reference to Annex A to Xerox Holdings Corporation’s Proxy Statement on Schedule 14A dated April 11, 2024. See SEC File Number 001-39013)
104    Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

 

4

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this Report to be signed on its behalf by the undersigned duly authorized.

 

        XEROX HOLDINGS CORPORATION
        By:  

/s/ Eric Risi

            Eric Risi
Date: May 28, 2024       Assistant Secretary
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Document and Entity Information
May 22, 2024
Cover [Abstract]  
Entity Registrant Name Xerox Holdings Corp
Amendment Flag false
Entity Central Index Key 0001770450
Document Type 8-K
Document Period End Date May 22, 2024
Entity Incorporation State Country Code NY
Entity File Number 001-39013
Entity Tax Identification Number 83-3933743
Entity Address, Address Line One 201 Merritt 7
Entity Address, City or Town Norwalk
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06851
City Area Code (203)
Local Phone Number 849-5216
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Xerox Holdings Corporation Common Stock, $1 par value
Trading Symbol XRX
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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