Xerox Holdings Corporation has announced updated compensation terms for its new Chief Financial Officer, Chuck Butler, effective December 3, 2025. Mr. Butler's annual base salary will increase from $500,000 to $550,000, and his target annual bonus under the Xerox Holdings Management Incentive Plan will rise from 80% to 100% of base salary. He will be eligible for a long-term incentive award in the 2026 cycle with a target grant date fair value of $2 million, plus potential future awards subject to board approval. Additional benefits include a monthly housing allowance for 12 months (up to $70,000), participation in Xerox's benefit plans, and executive financial planning assistance. In the event of certain terminations following a change in control, Mr. Butler would receive a lump sum cash payment, continued health coverage at employee rates for up to 18 months, and may also qualify for severance benefits under the company's Officer Severance Program.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xerox Holdings Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-312947), on December 09, 2025, and is solely responsible for the information contained therein.
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