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 13, 2021
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Securities registered pursuant to Section 12(b) of the Act:
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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 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Vishal Gupta, Senior Vice President, Solution Innovation and Architecture, and Chief Technology Officer of Unisys Corporation (the “Company”), will be leaving the Company effective January 31, 2021. Upon Mr. Gupta’s departure, in addition to any benefits to which he is entitled under the Company’s plans in accordance with their terms, Mr. Gupta will be entitled to receive the benefits applicable upon a termination other than for cause pursuant to his July 24, 2018 letter agreement with the Company. In addition, Mr. Gupta will be entitled to any outstanding awards previously granted to him under the Company’s long-term incentive plans based on performance through December 31, 2020 or his continued employment through February 2021 as if he remained employed by the Company through February 2021 and he will be eligible to receive a bonus under the Unisys Corporation Executive Variable Compensation Plan pursuant to the terms of this Plan.
SIGNATURE
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.
Unisys Corporation | |||||||||||
| Date: January 15, 2021 | By: | /s/ Gerald P. Kenney | |||||||||
| Gerald P. Kenney | |||||||||||
| Senior Vice President, General Counsel and Secretary | |||||||||||