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CONDUENT Inc (CNDT) reported that Conduent Incorporated and Conduent Business Services, LLC are defendants in U.S. lawsuits related to individuals who received notification letters after a January 2025 cybersecurity incident. Substantially all suits have been consolidated in the U.S. District Court for the District of New Jersey as In re: Conduent Business Services Data Breach Litigation.
The company denies the plaintiffs’ allegations but reached an agreement in principle to settle the consolidated case in August 2026, which was disclosed in a joint status report filed with the court on September 10, 2026. The settlement documentation is not finalized and remains subject to court approval, whose timing is uncertain. Conduent states that it maintains cyber insurance and does not expect the settlement to have a material impact on its financial position, results of operations, or cash flows.
CONDUENT Inc (symbol: CNDT) is the issuer of record for a Form 4 filing submitted to the SEC. Novoseletsky Anna Rose reported acquisition or exercise transactions in this Form 4 filing.
CONDUENT Inc (CNDT) reported that executive officer Anna Rose Novoseletsky, EVP, GC & Secretary, received equity awards in the form of common-stock-based units on August 31, 2026. These include a grant of 145,348 RSUs vesting in three equal annual installments from August 31, 2027 through August 31, 2029, and 72,674 PRSUs that vest on August 31, 2029 only if both continued service and specified share-price hurdles between $2.50 and $5.00 per share are achieved. No Rule 10b5-1 trading plan is reported.
CONDUENT Inc (CNDT) reported that Anna Sever, President Government Solutions, had 7,721 shares of common stock withheld on August 31, 2026 to pay tax liabilities arising from the vesting of Restricted Stock Units. After this tax-withholding disposition, she directly holds 174,561 shares of CONDUENT common stock.
CONDUENT Inc (CNDT) reported initial equity holdings for Anna Sever, President Government Solutions, on a Form 3. She beneficially holds 182,282 equity-based interests, consisting of 35,866 shares of common stock, 101,739 time-based RSUs, and performance-based PRSUs targeting 16,044 shares from 2024 awards and 28,633 shares from 2025 awards, all settled in common stock upon meeting vesting and performance conditions.
CONDUENT Inc (CNDT) filed an initial statement of beneficial ownership for George Wehbe, President Commercial Solutions. He reports direct beneficial ownership of 175,653 shares of common stock, combining currently owned shares and equity awards.
The position includes 840 shares owned outright, 116,543 RSUs granted May 13, 2026 that vest in three equal installments on December 31, 2026, 2027 and 2028, and 58,270 performance RSUs that cliff vest on December 31, 2028 subject to stock-price hurdles between $2.50 and $5.00 per share.
Conduent Inc (CNDT) reported governance changes related to a prior Shareholders Agreement with Darwin A. Deason dated December 18, 2018. Scott Letier, who had been appointed as Mr. Deason’s designee under that agreement, had previously delivered an irrevocable resignation effective once Mr. Deason and his controlled affiliates no longer beneficially owned at least 4.9% of Conduent’s outstanding voting securities.
After reviewing the agreement and related ownership status, the Board determined on August 26, 2026 that the resignation condition was satisfied, and Mr. Letier’s service as a director and committee member ended that day. The company states that, in light of Mr. Deason’s death on December 2, 2025, all obligations under the Shareholders Agreement have been satisfied and it is of no further force and effect. The Board reconstituted its committees: Michael Fucci now chairs the Audit and Compensation Committees, Adam Demuyakor chairs the Corporate Governance Committee, and Greta Van chairs the Risk Oversight Committee.
CONDUENT Inc (CNDT) disclosed an initial statement of beneficial ownership for officer Anna Rose Novoseletsky, who serves as EVP, GC & Secretary. The filing lists a holding entry for Common Stock showing 0 shares owned directly after the reported date, and it does not report any buy or sell transactions.
Conduent Incorporated reported weaker results for the quarter and six months ended June 30, 2026, with revenue from continuing operations down to $531 million from $603 million for the quarter and $1,118 million from $1,221 million year-to-date, driven by contract losses including its largest Commercial customer and lower volumes. Continuing operations generated a net loss of $69 million for the quarter and $91 million year-to-date, while discontinued Transportation operations added a net loss of $47 million for the quarter, including a $31 million impairment loss on the pending Tolling divestiture, bringing total net loss to $116 million for the quarter and $149 million year-to-date.
Total assets declined to $2,245 million and equity to $526 million, with long-term debt at $697 million and $144 million outstanding under the revolving credit facility as of June 30, 2026, plus an additional $183 million revolver borrowing in July. Operating cash flow improved sharply to near break-even at $(1) million for the first half of 2026 versus $(73) million a year earlier. Conduent agreed to exit its Transportation business via sale of the Public Transit unit for $164 million cash and the Tolling business for $70 million cash plus equity valued at $14 million, reclassifying this segment as discontinued operations.
The company launched a 2026 Restructuring Program estimated to cost $30–$50 million and expected to deliver at least $100 million in annual savings, and continues to emphasize cost optimization, with lower cost of services and SG&A supporting higher segment profit in Government year-to-date. Total new business and renewal signings rose, with six‑month total contract value signings increasing to $1,259 million from $1,080 million, and the new business pipeline reaching $3.0 billion.
Conduent Incorporated reported weaker results for the second quarter of 2026 while advancing a major portfolio and cost transformation. Revenue from continuing operations was $531 million, down 11.9% from $603 million a year earlier, reflecting contract losses and lower volumes partially offset by new business ramps. GAAP net loss was $116 million versus $40 million, including a $(69) million loss from continuing operations and a $(47) million loss from discontinued operations. Adjusted EBITDA from continuing operations declined to $16 million with a 3.0% margin, compared with $23 million and 3.8%.
Operating cash flow improved to $7 million from $(15) million, and adjusted free cash flow was $(8) million versus $(30) million. Conduent entered agreements to sell its Public Transit business to Modaxo for $164 million and its Tolling business to Quarterhill Inc. for $70 million plus a 7% equity interest, for expected gross proceeds of about $234 million that management plans to use largely for debt reduction. Adjusted net leverage was 2.1x with cash of $240 million and total debt of $718 million.
For full-year 2026, the company guides revenue to $2.15–$2.25 billion and adjusted EBITDA from continuing operations to $140–$170 million, and continues to target approximately $100 million in annualized cost savings and positive free cash flow in 2027.
Miller Value Partners, LLC and its control person, William H. Miller IV, report beneficial ownership of 13,002,875 shares of CONDUENT Inc common stock, representing 8.38% of the class. They report shared voting and dispositive power over these shares and no sole voting or dispositive power.
The shares are owned by various advisory accounts of Miller Value Partners, LLC, a registered investment adviser; Miller and the firm are deemed beneficial owners through their control relationship. No individual client account holds more than 5% of Conduent’s outstanding shares. Miller Value Partners and Miller IV have entered into a joint filing agreement, and Christopher Anderson signs on their behalf under a Power of Attorney.