On January 17, 2018, Darwin Deason sent a letter to Xerox Corporation’s Board of Directors, publicly demanding the need for the Company to immediately disclose its critical existing joint venture agreement with Fujifilm Holdings Corporation in accordance with the U.S. securities laws. Further, Darwin Deason’s letter demanded that the Board of Directors of the Company hire new and independent advisors in order to evaluate the Company’s strategic options with Fujifilm Holdings. In addition, Darwin Deason stated that the letter concluded by calling for further discussions once the critical joint venture agreement has been disclosed.