Xerox Holdings Corp 8-K, filed Jan 6, 2020
Xerox Holdings Corp (XRX)
8-K
2020-01-06
For: 2020-01-05
View Original
Added on
April 07, 2026
About this 8-K
Xerox Holdings Corp filed this 8-K on January 6, 2020, reporting on events of January 5, 2020.
Items reported
- Item 1.02: Ended a material agreement
- Item 9.01: Financial statements and exhibits
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): January 5, 2020
(Exact name of registrant as specified in its charter)
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8-K
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
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Item 1.02. |
Termination of a Material Definitive Agreement. |
On November 8, 2019, Xerox Holdings Corporation completed a series of transactions announced on November 5, 2019 to restructure its relationship with FUJIFILM Holdings Corporation. In connection with those transactions, Fuji Xerox Co., Ltd. (“Fuji Xerox”) and Xerox Corporation (“Xerox”) entered into Amendment 1, dated as of November 5, 2019 (the “Amendment”), to that certain Technology Agreement, dated as of April 1, 2006 (as amended by the Amendment, the “Agreement”), by and between Fuji Xerox and Xerox, relating to licenses granted to Fuji Xerox by Xerox for Xerox’s trademarks and certain non-marking Document Processing Activities.
On January 5, 2020, Fuji Xerox provided written notice to Xerox pursuant to the terms of the Agreement of its intent not to renew the Agreement after the current renewal term expiring as of March 31, 2021 (the “Expiration Date”).
On the Expiration Date, among other things, (i) Fuji Xerox will be required to transition away from the use of Xerox trademarks as soon as reasonably practicable and in any case within the two year period commencing with the Expiration Date (the “Transition Period”), (ii) Xerox will grant Fuji Xerox limited licenses to use Xerox trademarks for the Transition Period, subject to certain quality control standards and for a royalty in the amount of $100,000,000, payable to Xerox within three business days from the first date of the Transition Period and (iii) Xerox’s licenses to Fuji Xerox for certain non-marking Document Processing Activities shall be amended to be worldwide, royalty-free and non-exclusive.
The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement, which is incorporated herein by reference.
Item 9.01. |
Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
Description of Exhibit | |||
| 10.1 |
2006 Technology Agreement, dated as of April 1, 2006, by and between Xerox Corporation and Fuji Xerox Co., Ltd. | |||
| 10.2 |
Amendment 1 to 2006 Technology Agreement, dated as of November 5, 2019, by and between Xerox Corporation and Fuji Xerox Co., Ltd. | |||
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SIGNATURES
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.
| XEROX HOLDINGS CORPORATION | ||||||
| Date: January 6, 2020 |
By: |
/s/ Douglas H. Marshall | ||||
| Name: |
Douglas H. Marshall | |||||
| Title: |
Secretary | |||||
| XEROX CORPORATION | ||||||
| Date: January 6, 2020 |
By: |
/s/ Douglas H. Marshall | ||||
| Name: |
Douglas H. Marshall | |||||
| Title: |
Secretary | |||||
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