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Our end-to-end print production solutions do more for clients than just produce beautiful images. We equip them with tools, technology and support than inspires amazing work -- and profit. That's why Keypoint Intelligence awarding Xerox with the 2023-2024 Pacesetter Award in Production Print Applications: Color Embellishments B3 Cut Sheet is such a meaningful recognition. Learn more about what we're doing with print:
For over 60 years, we've firmly believed that responsible business practices are essential to what we do, making work, work—for our clients, partners, shareholders, and communities. We’ve reduced our carbon emissions and educated our workforce on the role they can play to reduce GHG emissions: 97% of employees globally completed our Net Zero training. And thanks to our work with CareAR, A Xerox Company, we saved 594 metric tons of carbon emissions in 12 months through reduced onsite service calls. Plus, our global workforce participated in Xerox™ Volunteer Days, a 10-week campaign to do good in your neighborhood. During that times, Xerox™ global employees volunteered more than 16,000 hours for more than 310 causes. Learn more about the work we're putting back into the world in our 2023 Corporate Social Responsibility Report. 🌎
Xerox announced that its Managed Print Services (MPS) offering has been named an industry leader in Quocirca’s 2023 MPS Market Landscape Report and that Xerox as a company has captured #1 market share worldwide in IDC’s 2022 Worldwide and U.S. Managed Print and Document Services Market Shares report. As modern workplaces continue to evolve post-pandemic, print remains an important component to many business operations. Small businesses and enterprises alike must consider how print infrastructure can drive value by facilitating digital transformation efforts and increasing workplace productivity. Xerox® Managed Print Services goes beyond device and print management adding workflow automation, content management, and digitization services to deliver a seamless work experience across distributed workforces. “Our company purpose and guiding mission is to empower clients and partners with the essential products and services needed to support today’s dynamic hybrid workplace,” said Elizabeth Fox, vice president of Managed Print Services, Xerox. “To help accomplish this, we became one of the first companies to integrate artificial intelligence and augmented reality technologies into our MPS platforms, and we will continue innovating to help our clients design and maintain a high performing, secure and sustainable hybrid work environment.”
Xerox announced that it entered into a share purchase agreement to repurchase all of the shares of the Company’s common stock beneficially owned by Carl C. Icahn and certain of his affiliates at a purchase price of $15.84 per share. The aggregate purchase price for the repurchase is approximately $542 million. The transaction is expected to close no later than September 29, 2023. Subsequent to the closing of the transaction, the Icahn Parties will no longer hold any Xerox common shares. Concurrent with the closing of the repurchase, Jesse Lynn and Steven Miller, who are employed by the Icahn Parties, and James Nelson, an independent director, will resign from the Company’s board of directors. Scott Letier, who has served on the board since 2018, has been appointed chairman of the Xerox Board of Directors effective upon the closing of the repurchase transaction. “Our decision to repurchase shares is reflective of the confidence we have in our business, our strategy and our ability to improve Xerox profitability and cash performance,” said Steve Bandrowczak, Chief Executive Officer of Xerox. “For nearly a decade, Carl and his affiliates have served as important shareh
