STARTEEPO Invest and Frantisek Bostl report beneficial ownership of 6,740,000 Xerox common shares, representing 5.15% of the outstanding common stock. This includes 5,200,000 shares held by STARTEEPO Invest and 1,540,000 shares attributable directly to Mr. Bostl.
The securities were acquired for an aggregate purchase price of $14,226,032, funded by the Fund’s working capital and Mr. Bostl’s personal funds. The position includes 140,000 shares underlying call options held by Mr. Bostl. The investors state they hold the shares for investment and may from time to time discuss Xerox’s business, strategy, board composition and future plans with management and other shareholders, and may buy or sell additional shares or enter into derivatives, depending on market conditions and other factors.
STARTEEPO Invest and Frantisek Bostl report beneficial ownership of 6,740,000 Xerox common shares, representing 5.15% of the outstanding common stock. This includes 5,200,000 shares held by STARTEEPO Invest and 1,540,000 shares attributable directly to Mr. Bostl.
The securities were acquired for an aggregate purchase price of $14,226,032, funded by the Fund’s working capital and Mr. Bostl’s personal funds. The position includes 140,000 shares underlying call options held by Mr. Bostl. The investors state they hold the shares for investment and may from time to time discuss Xerox’s business, strategy, board composition and future plans with management and other shareholders, and may buy or sell additional shares or enter into derivatives, depending on market conditions and other factors.
XEROX HOLDINGS CORP ownership disclosure: The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report shared beneficial ownership of 5,852,370.64 shares of Xerox common stock, representing 4.5% as reported for the period ending 03/31/2026. The filing is a joint Schedule 13G/A (Amendment No. 1) executed under a joint filing agreement dated 04/24/2026.
XEROX HOLDINGS CORP ownership disclosure: The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC report shared beneficial ownership of 5,852,370.64 shares of Xerox common stock, representing 4.5% as reported for the period ending 03/31/2026. The filing is a joint Schedule 13G/A (Amendment No. 1) executed under a joint filing agreement dated 04/24/2026.
Xerox Holdings Corporation reported higher first-quarter 2026 revenue but remained unprofitable. Total revenue rose to $1,846 million from $1,457 million, driven by both equipment sales and services. However, higher costs, including $45 million of restructuring and $30 million of intangible amortization, led to a net loss of $105 million, compared with a $90 million loss a year earlier. Basic and diluted loss per share widened to $(0.84) from $(0.75).
Operating cash flow was negative at $(144) million, versus $(89) million in the prior year, although cash and cash equivalents increased to $585 million from $512 million, helped by new financing. The company completed a $450 million joint venture financing secured by Xerox intellectual property, receiving $404 million of net proceeds, and used part of its flexibility to repurchase about $101 million of 5.50% senior notes for approximately $45 million, recording a $56 million gain on early extinguishment of debt. Total long-term debt rose to $4,281 million from $4,016 million. Segment profit improved, with Print and Other and IT Solutions together generating $93 million of segment profit versus $46 million a year earlier, even as comprehensive loss deepened due to unfavorable currency translation.
Xerox Holdings Corporation reported higher first-quarter 2026 revenue but remained unprofitable. Total revenue rose to $1,846 million from $1,457 million, driven by both equipment sales and services. However, higher costs, including $45 million of restructuring and $30 million of intangible amortization, led to a net loss of $105 million, compared with a $90 million loss a year earlier. Basic and diluted loss per share widened to $(0.84) from $(0.75).
Operating cash flow was negative at $(144) million, versus $(89) million in the prior year, although cash and cash equivalents increased to $585 million from $512 million, helped by new financing. The company completed a $450 million joint venture financing secured by Xerox intellectual property, receiving $404 million of net proceeds, and used part of its flexibility to repurchase about $101 million of 5.50% senior notes for approximately $45 million, recording a $56 million gain on early extinguishment of debt. Total long-term debt rose to $4,281 million from $4,016 million. Segment profit improved, with Print and Other and IT Solutions together generating $93 million of segment profit versus $46 million a year earlier, even as comprehensive loss deepened due to unfavorable currency translation.
Xerox Holdings Corporation reported first-quarter 2026 revenue of $1.85 billion, up 26.7% year-over-year, helped by the Lexmark acquisition and stronger print activity. Despite this growth, the company posted a GAAP net loss of $105 million, or $0.84 per share, as higher amortization, restructuring and transformation costs weighed on results.
On a non-GAAP basis, adjusted net loss was $51 million, or $0.43 per share, while adjusted operating income rose to $72 million and adjusted operating margin improved to 3.9% from 1.5%, reflecting cost savings and Lexmark synergies. Free cash flow was negative $165 million due to seasonal working capital and investment needs.
Management highlighted strategic milestones including Lexmark integration progress, a stronger print sales pipeline, 31% growth in production installs, and double-digit growth in IT Solutions bookings and billings. Xerox raised $450 million via an IP joint venture with TPG Angelo Gordon and repurchased $101 million of 2028 Senior Notes. The company reaffirmed its 2026 outlook for revenue above $7.5 billion, adjusted operating income of $450–$500 million, and approximately $250 million of free cash flow.
Xerox Holdings Corporation reported first-quarter 2026 revenue of $1.85 billion, up 26.7% year-over-year, helped by the Lexmark acquisition and stronger print activity. Despite this growth, the company posted a GAAP net loss of $105 million, or $0.84 per share, as higher amortization, restructuring and transformation costs weighed on results.
On a non-GAAP basis, adjusted net loss was $51 million, or $0.43 per share, while adjusted operating income rose to $72 million and adjusted operating margin improved to 3.9% from 1.5%, reflecting cost savings and Lexmark synergies. Free cash flow was negative $165 million due to seasonal working capital and investment needs.
Management highlighted strategic milestones including Lexmark integration progress, a stronger print sales pipeline, 31% growth in production installs, and double-digit growth in IT Solutions bookings and billings. Xerox raised $450 million via an IP joint venture with TPG Angelo Gordon and repurchased $101 million of 2028 Senior Notes. The company reaffirmed its 2026 outlook for revenue above $7.5 billion, adjusted operating income of $450–$500 million, and approximately $250 million of free cash flow.
DD Revocable Trust has disclosed a large ownership stake in Xerox Holdings Corporation. The trust reports beneficial ownership of 15,283,672 Xerox common shares, equal to 11.29% of the company, including both existing common stock and shares issuable from preferred stock.
The position consists of 8,542,096 common shares and 6,741,576 shares issuable upon conversion of 180,000 shares of Series A Convertible Perpetual Voting Preferred Stock. These securities passed to the trust under the will of Darwin Deason, and three executors now oversee the holdings for investment and eventual distribution to beneficiaries.
The trust also received 7,641,828 warrants to buy additional Xerox shares at an exercise price of $8.00 per warrant, expiring on February 11, 2028, which are currently excluded from the reported 11.29% stake. If exercised, total beneficial ownership would rise to 22,925,500 shares, or 16.03% of Xerox’s outstanding shares under SEC calculation rules.
DD Revocable Trust has disclosed a large ownership stake in Xerox Holdings Corporation. The trust reports beneficial ownership of 15,283,672 Xerox common shares, equal to 11.29% of the company, including both existing common stock and shares issuable from preferred stock.
The position consists of 8,542,096 common shares and 6,741,576 shares issuable upon conversion of 180,000 shares of Series A Convertible Perpetual Voting Preferred Stock. These securities passed to the trust under the will of Darwin Deason, and three executors now oversee the holdings for investment and eventual distribution to beneficiaries.
The trust also received 7,641,828 warrants to buy additional Xerox shares at an exercise price of $8.00 per warrant, expiring on February 11, 2028, which are currently excluded from the reported 11.29% stake. If exercised, total beneficial ownership would rise to 22,925,500 shares, or 16.03% of Xerox’s outstanding shares under SEC calculation rules.
Xerox Holdings Corporation is asking shareholders to vote at its 2026 Annual Meeting on May 20, 2026 in Norwalk, Connecticut. Investors will elect nine directors, ratify PricewaterhouseCoopers LLP as auditor for 2026, and cast an advisory Say‑on‑Pay vote on 2025 executive compensation.
Shareholders are also asked to approve an amendment to the 2024 Equity and Performance Incentive Plan to increase the share reserve, supporting long‑term, equity‑based pay. The proxy details board qualifications, ESG goals including a 2040 net‑zero target, workforce initiatives after the Lexmark acquisition, capital structure, related‑party notes, and director and officer share ownership.
Xerox Holdings Corporation is asking shareholders to vote at its 2026 Annual Meeting on May 20, 2026 in Norwalk, Connecticut. Investors will elect nine directors, ratify PricewaterhouseCoopers LLP as auditor for 2026, and cast an advisory Say‑on‑Pay vote on 2025 executive compensation.
Shareholders are also asked to approve an amendment to the 2024 Equity and Performance Incentive Plan to increase the share reserve, supporting long‑term, equity‑based pay. The proxy details board qualifications, ESG goals including a 2040 net‑zero target, workforce initiatives after the Lexmark acquisition, capital structure, related‑party notes, and director and officer share ownership.
Xerox Holdings Corporation announced a leadership transition, appointing Louis (Louie) J. Pastor as Chief Executive Officer effective March 31, 2026, succeeding Steve Bandrowczak. Pastor also joins the Board and will stand for re-election at the upcoming annual meeting.
Under an offer letter, Pastor receives a $900,000 annual base salary, a target annual bonus of 150% of salary, and a 2026 long-term incentive award targeted at $6 million, with future grants at the Board committee’s discretion. He remains eligible for benefits under Xerox’s Officer Severance Program and existing change-in-control protections.
Bandrowczak will receive severance and continued prorated vesting of outstanding restricted stock units through March 31, 2028, subject to signing a release that includes 24-month non-compete and non-solicitation covenants and a 36-month cooperation obligation. He will also provide transition advice for 90 days and may earn a prorated 2026 bonus, subject to performance and approval. Xerox reaffirmed its full-year 2026 financial guidance.
Xerox Holdings Corporation announced a leadership transition, appointing Louis (Louie) J. Pastor as Chief Executive Officer effective March 31, 2026, succeeding Steve Bandrowczak. Pastor also joins the Board and will stand for re-election at the upcoming annual meeting.
Under an offer letter, Pastor receives a $900,000 annual base salary, a target annual bonus of 150% of salary, and a 2026 long-term incentive award targeted at $6 million, with future grants at the Board committee’s discretion. He remains eligible for benefits under Xerox’s Officer Severance Program and existing change-in-control protections.
Bandrowczak will receive severance and continued prorated vesting of outstanding restricted stock units through March 31, 2028, subject to signing a release that includes 24-month non-compete and non-solicitation covenants and a 36-month cooperation obligation. He will also provide transition advice for 90 days and may earn a prorated 2026 bonus, subject to performance and approval. Xerox reaffirmed its full-year 2026 financial guidance.