Short answer
Xerox Holdings Corp (XRX) filed an 8-K current report with the SEC on April 2, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure). Louis J. Pastor becomes CEO and joins the Board effective March 31, 2026, succeeding Steven Bandrowczak.
Xerox Holdings Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Louis J. Pastor becomes CEO and joins the Board effective March 31, 2026, succeeding Steven Bandrowczak
- Pastor’s compensation includes $900,000 salary, 150% target bonus, and $6 million 2026 long-term incentive award
- Bandrowczak retains prorated vesting of outstanding restricted stock units through March 31, 2028, subject to a release agreement
- Bandrowczak may receive a prorated 2026 bonus for service through June 30, 2026, payable in March 2027
- Leadership transition includes 24-month non-compete and non-solicitation covenants plus 90 days of advisory support
Item 7.01 · Regulation FD Disclosure
- Xerox announced management changes effective March 30, 2026
- Exhibit 99.1 contains the press release and detailed leadership changes
- Leadership changes may affect strategic execution and investor confidence
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