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Xerox Corp (XRX.N)

XRX.N on New York Stock Exchange

24 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Xerox says Ashok Vemuri's base annual salary will be $1 mln
Tuesday, 14 Jun 2016 08:17am EDT 

Xerox Corp : Ashok Vemuri's base salary will be paid monthly at annualized rate of $1 million - SEC filing .Vemuri will be entitled to participate in annual performance incentive plan at a target level of 150% of annualized salary.  Full Article

Xerox names Ashok Vemuri CEO of BPO company post split
Tuesday, 14 Jun 2016 08:15am EDT 

Xerox Corp : Xerox names Ashok Vemuri as CEO of post-separation business process outsourcing company . Vemuri will join Xerox effective July 1, 2016 and serve as chief executive officer of Xerox business services LLC . Vemuri will serve as executive vice president of Xerox corporation until separation is complete . Vemuri served as president and chief executive officer of Igate Corporation from September 2013 to October 2015 .Separation transaction is on track to be completed by end of 2016.  Full Article

Xerox says expects Ursula Burns to retire as chairman as of 2017 annual meeting
Thursday, 26 May 2016 04:48pm EDT 

Xerox Corp :Anticipated that Ursula Burns will retire as chairman as of 2017 annual shareholders' meeting - sec filing.  Full Article

Xerox corp declares quarterly cash dividend of 7.75 cents per share
Friday, 20 May 2016 02:34pm EDT 

Xerox Corp : Company declares quarterly cash dividend of 7.75 cents per share . Increasing its annual dividend by 11 percent for 2016 . Shareholders did not approve a proposal concerning executive compensation metrics . Company declares quarterly cash dividend of 7.75 cents per share .Xerox corp says board also declared a quarterly cash dividend of $20 per share on xerox series a convertible perpetual preferred stock.  Full Article

Xerox's Ursula Burns to be chairman of Document Technology's board post-separation
Friday, 20 May 2016 09:00am EDT 

Xerox : Names Ursula Burns chairman of post -separation of Document Technology Company . Separation is on track to be completed by end of 2016 .Says Burns will continue in her current role as chairman and chief executive officer of Xerox until separation.  Full Article

Xerox Corp gives Q2 2016 EPS guidance; affirms FY 2016 EPS guidance
Monday, 25 Apr 2016 06:45am EDT 

Xerox Corp:Expects Q2 2016 GAAP EPS of 6 to 8 cents and adjusted EPS of 24 to 26 cents.Affirmed its FY 2016 guidance for adjusted EPS of $1.10 to $1.20 per share.Expects FY 2016 GAAP EPS of 45 to 55 cents, previously 66 to 76 cents.  Full Article

Xerox Corp secures $1 billion financing
Monday, 7 Mar 2016 06:45am EST 

Xerox Corp:Secures $1 billion financing.Says initial pricing, which is based upon a ratings grid, will be 150bps above libor.Says intends to use the proceeds from the loan to repay maturing bonds.Loan must be repaid on earlier of 364 days or upon receipt of financing related to separation of Xerox into two companies.  Full Article

Xerox Corp and Carl Icahn announce agreement
Friday, 29 Jan 2016 06:45am EST 

Xerox Corp:Xerox and carl Icahn announce agreement.When the separation is complete, the bpo company will have a board of directors composed of nine members.Says entered into an agreement related to the governance of the business process outsourcing ("bpo") company.A committee of its board of directors will begin searching for an external candidate to be chief executive officer of the bpo company.Bpo co to have 6 directors selected by Xerox (2 of whom may come from the current Xerox board of directors) and 3 directors selected by Icahn.When separation is complete, bpo company will have board composed of nine members: six directors selected by co, 3 directors selected by Icahn.  Full Article

Xerox Corporation gives Q4, FY 2015 earnings guidance
Monday, 26 Oct 2015 06:45am EDT 

Xerox Corporation:Sees Q4 2015 GAAP earnings of 23 to 25 cents per share.Sees Q4 2015 adjusted EPS of 28 to 30 cents per share.Sees FY 2015, GAAP earnings at the low end of 46 to 52 cents per share.Sees FY 2015 adjusted EPS at the low end of $0.95 to $1.01 per share.  Full Article

Xerox Corporation announces CFO transition
Monday, 5 Oct 2015 09:00am EDT 

Xerox Corporation:Announces CFO transition.Says chief financial officer kathryn mikells is stepping down to pursue another professional opportunity.Says company will immediately commence an external search process.Says leslie varon, will serve as interim chief financial officer until a permanent successor is named.Says leslie varon has served in numerous senior roles across Xerox.  Full Article

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BRIEF-Xerox sets quarterly cash dividend of $0.0625 per share

* Sets quarterly cash dividend of $0.0625 per share Source text for Eikon: Further company coverage: