Unisys Corp 8-K, filed Oct 22, 2024
Unisys Corp (UIS)
8-K
2024-10-22
For: 2024-10-22
View Original
Added on
April 08, 2026
About this 8-K
Unisys Corp filed this 8-K on October 22, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 or 15(d) | ||
of The Securities Exchange Act of 1934 | ||
Date of Report (Date of Earliest Event Reported): October 22, 2024
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Item 8.01. Other Events.
Unisys Corporation (the “Company”) has reached a non-scienter-based administrative proceeding settlement, on a neither admit nor deny basis, with the U.S. Securities and Exchange Commission (“SEC”) in connection with the SEC investigation the Company previously disclosed in its quarterly and annual filings with the SEC. Non-scienter-based securities violations are made without any knowledge, intent or recklessness. The violations relate to the Company’s policies, procedures, and risk disclosures related to certain cybersecurity incidents, and cybersecurity incident escalation matters that the Company disclosed in November 2022. This settlement fully resolves the Company’s SEC investigation.
The Company concluded that it is in the best interests of the Company and its stockholders to constructively resolve this matter with the SEC. Under the terms of the settlement, the Company consented to the entry of an order (the “Order”) asserting violations of non-scienter-based provisions of the federal securities laws and rules promulgated thereunder and a cease and desist from committing or causing violations of those securities laws. The Company agreed to pay within ten days of the entry of the Order a $4 million civil penalty, which was fully accrued in the Company’s 2023 financials and for which the cash impact was assumed in the Company’s 2024 free cash flow. The settlement is not an admission by the Company of any wrongdoing.
The SEC recognized the Company’s cooperation in its investigation and the remediation steps the Company has taken in the years since disclosing a material weakness in November 2022, including enhancing disclosure policies and procedures and augmenting its cybersecurity personnel and tools, both internally and externally, to strengthen its cybersecurity risk management and protections.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Unisys Corporation | ||||||||||||||
| Date: October 22, 2024 | By: | /s/ Debra McCann | ||||||||||||
| Debra McCann | ||||||||||||||
| Executive Vice President and Chief Financial Officer | ||||||||||||||