Business Context and Reporting Period
This Form 8-K Current Report was filed by Xerox Holdings Corporation and Xerox Corporation on November 13, 2025. The filing reports significant executive leadership changes within the Company, specifically regarding the Chief Financial Officer (CFO) position.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel appointments and separation terms.
Material Changes
- Appointment of New CFO: Chuck Butler, currently the Chief Business Services Officer, was appointed as the new Chief Financial Officer, effective December 3, 2025.
- Departure of Former CFO: Mirlanda Gecaj will succeed Mr. Butler as CFO. Ms. Gecaj joined the Company on July 1, 2025, following the acquisition of Lexmark International II, LLC, where she previously served as senior vice president and CFO.
- Role Consolidation: Mr. Butler will continue to lead the Company's business services in a consolidated role alongside his new CFO duties.
Outlook, Risks, and Unusual Items
Separation Terms for Ms. Gecaj:
- Conditional on signing a General Release and Non-Competition Agreement.
- Equity: Continued vesting on a prorated basis for all outstanding time-based and performance-based restricted stock units through December 2, 2026.
- Severance: Entitled to benefits under the Company's Officer Severance Program.
- Covenants: Includes non-disparagement, non-competition, and non-solicitation obligations for 24 months following the separation date (December 2, 2025), and a cooperation covenant for 36 months.
Regulatory Disclosure: A press release detailing these changes was issued on November 19, 2025, and is incorporated by reference under Item 7.01.
Investor Verification Checklist
- Verify the effective date of the CFO transition (December 3, 2025) and the interim period coverage.
- Review the attached Exhibit 10.1 for the specific terms of the General Release and Non-Competition Agreement.
- Confirm the impact of the leadership change on the Company's ongoing integration of Lexmark International II, LLC.
- Check for any subsequent filings regarding the finalization of Ms. Gecaj's separation agreement.