Business
Xerox Files Preliminary Proxy Statement Supporting its Slate for Election at HP’s 2020 Annual Meeting
Announces Addition of Erroll B. Davis, Jr. to Slate of Highly Qualified Director Nominees Urges HP Stockholders to Secure Superior Value by Supporting
About this update from Xerox Holdings Corporation
[{"type":"text","content":"\nAnnounces Addition of Erroll B. Davis, Jr. to Slate of Highly Qualified Director Nominees \n\n\nUrges HP Stockholders to Secure Superior Value by Supporting Xerox’s Offer and Electing Xerox’s Slate of Director Candidates\n\n NORWALK, Conn.--(BUSINESS WIRE)--\nXerox Holdings Corporation (NYSE: XRX) (“Xerox”) today announced that it is filing a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”) in support of its slate of independent candidates to replace the board of directors of HP Inc. (NYSE: HPQ) (“HP”) at HP’s 2020 Annual Meeting of Stockholders.\n\n\nFollowing the expansion of HP’s board slate from 11 to 12 members, Xerox has provided notice to HP that it is adding Erroll B. Davis, Jr., former chairman and chief executive officer of Alliant Energy Corporation, to its existing slate of highly qualified director nominees. Mr. Davis has extensive public company director experience, having served on the board of directors of Union Pacific, General Motors, PPG Industries and BP.\n\n\nXerox’s slate now comprises 12 director candidates, including: Betsy Atkins, George Bickerstaff, Carolyn Byrd, Erroll B. Davis, Jr., Jeannie Diefenderfer, Kim Fennebresque, Carol Flaton, Matthew Hart, Fred Hochberg, Jacob Katz, Nichelle Maynard-Elliott and Thomas Sabatino, Jr.\n\n\n“Today’s filing reflects continued progress towards a combination between Xerox and HP,” stated John Visentin, vice chairman and chief executive officer of Xerox. “By nominating a slate of 12 independent, highly qualified candidates for election to HP’s Board, we are giving HP stockholders an opportunity to have a board that will act in their best interests and consider any and all opportunities to create value. We urge them to take advantage of this opportunity.”\n\n\nMr. Davis commented, “Xerox has assembled an exceptional slate of nominees with extensive executive and board leadership experience. I am humbled to be part of this group and, if elected, look forward to serving HP stockholders and exploring all potential options to maximize HP’s long-term value.”\n\n\nAbout Erroll B. Davis, Jr.\n\n\nErroll B. Davis, Jr. has held several senior, high-profile positions in the private and public sectors. He was president, chief executive officer and chairman of Alliant Energy Corporation, which he helped form by merging WPL Holdings ...