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.