Douglas R. Deason filed a Schedule 13D reporting beneficial ownership of 15,283,672 Xerox Holdings common shares, or 11.29% of the class. This total includes 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.
The position arose after Xerox securities held by Darwin Deason were transferred at his death to the DD Revocable Trust, for which Douglas Deason serves as a Co-Executor with sole voting and dispositive power over the reported shares. The trust holds the stake for investment and estate administration and may buy more, sell, or distribute shares to beneficiaries depending on conditions. The filing notes 7,641,828 warrants with an $8.00 exercise price and a potential fully diluted stake of 22,925,500 shares, or 16.03%, if those warrants are included under SEC ownership rules.
Xerox Holdings Corp insider Douglas R. Deason filed an initial ownership report as a more than ten percent owner through the DD Revocable Trust. The trust holds 8,542,096 shares of common stock indirectly.
The trust also holds Series A Convertible Perpetual Voting Preferred Stock that is convertible into 6,741,576 shares of common stock at a rate of approximately 37.4532 common shares per preferred share, with conversion permitted at any time and no expiration date. In addition, the trust holds warrants to purchase 7,641,828 shares of common stock at an exercise price of $8.00 per warrant, expected to expire on February 11, 2028.
Mr. Deason is a Co-Executor of the DD Revocable Trust and can direct the voting and disposition of these securities, and is deemed a beneficial owner by virtue of his power to control the trust, while disclaiming beneficial ownership beyond his pecuniary interest.
DD Revocable Trust, a more than ten percent owner of Xerox Holdings Corp, reported its existing equity stake. The Trust holds 8,542,096 shares of common stock directly, plus preferred shares and warrants that are convertible or exercisable into additional common shares.
The Trust owns Series A Convertible Perpetual Voting Preferred Stock that is convertible into 6,741,576 shares of common stock at a rate of about 37.4532 common shares per preferred share. It also holds warrants for 7,641,828 shares of common stock at an exercise price of $8.00 per share, expected to expire on February 11, 2028, unless certain earlier-expiration conditions are met.
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 Corp Schedule 13G/A: The Vanguard Group reports 0 shares beneficially owned of Xerox Common Stock, representing 0%, following an internal realignment. The filing explains that certain Vanguard subsidiaries now report ownership separately effective January 12, 2026. The form is signed on March 27, 2026.
Xerox Holdings Corporation and Xerox Corporation present a detailed annual overview for the year ended December 31, 2025, highlighting strategy, structure, and key risks. The company is executing a multi‑year Reinvention program aimed at simplifying operations, improving margins, and shifting toward higher‑growth IT and digital services.
In 2025 Xerox completed the acquisition of Lexmark International II, LLC and finished integrating ITsavvy into a new Xerox IT Solutions organization, creating two reportable segments: Print and Other, and IT Solutions. Management reports more than $500 million in cumulative run‑rate gross cost savings and targets more than $300 million of Lexmark‑related synergies by the end of 2027, while prioritizing debt reduction toward a leverage ratio below 3.0x.
The company emphasizes sustainability and human capital. Xerox held 4,153 U.S. patents and approximately 22,900 employees as of December 31, 2025, and maintains a net zero emissions goal for 2040. Principal risks include macroeconomic pressures, supply chain disruption, execution risk around Reinvention and ERP implementation, elevated debt levels, and integration risk from the Lexmark transaction.
Xerox Holdings Corp executive Jacques-Edouard Gueden reported the vesting of restricted stock units and related tax withholding in shares. On March 11, 2026, 53,212 RSUs from a May 21, 2025 grant vested and converted one-for-one into common stock, with 29,799 shares withheld at $1.75 per share for taxes. On the same date, 26,080 RSUs from a March 11, 2024 grant also vested, with 14,605 shares withheld for taxes. Following these compensation-related events, Gueden directly holds 102,565 shares of common stock and 132,527 unvested RSUs.
Xerox Holdings Corp officer Louis Pastor reported vesting of Restricted Stock Units that converted into common stock. On March 11, 2026, 78,609 RSUs from a May 21, 2025 grant of 235,850 units and 27,265 RSUs from a March 11, 2024 grant of 81,803 units vested and were exercised on a one-for-one basis into common shares.
To cover taxes, 24,637 and 8,545 of the newly issued shares were withheld and disposed of at $1.75 per share. After these compensation-related transactions and tax-withholding dispositions, Pastor directly holds 197,653 shares of Xerox common stock.