UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 12, 2023, Unisys Corporation (the “Company”) entered into a Transition Agreement and General Release (the “Transition Agreement”) with Katherine Ebrahimi, Senior Vice President, Chief Human Resources Officer. Ms. Ebrahimi will be leaving the Company effective March 31, 2024 (the “Termination Date”). Upon Ms. Ebrahimi’s departure, in addition to any benefits to which she is entitled under the Company’s plans in accordance with their terms, Ms. Ebrahimi will be entitled to receive the benefits applicable upon a termination other than for cause pursuant to her April 2, 2018 letter agreement with the Company, the form of which was previously filed by the Company as Exhibit 10.19 to its Annual Report on Form 10-K for the year ended December 31, 2022. In addition, Ms. Ebrahimi will be entitled to any outstanding awards previously granted to her under the Company’s long-term incentive plans that vest prior to the Termination Date.
The above-described severance benefits were provided in consideration for Ms. Ebrahimi’s execution and non-revocation of a general release of claims in favor of the Company and her continued compliance with applicable confidentiality, proprietary information, invention, or non-competition obligations.
The foregoing is a summary description of certain terms of the Transition Agreement. It is qualified in its entirety by the full text of the Transition Agreement, a copy of which will be filed with the Company’s Annual Report on Form 10-K for the year ending December 31, 2023.
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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: | December 13, 2023 | By: | /s/ Debra McCann |
| Debra McCann | |||
| Executive Vice President and Chief Financial Officer | |||
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