On May 2, 2018, Xerox Corporation announced that it has entered into an agreement with Carl Icahn and Darwin Deason that will resolve the pending proxy contest in connection with the company’s 2018 annual meeting of shareholders, as well as the ongoing litigation against the Company and its directors related to the company’s proposed combination with Fuji Xerox. The Company stated that pursuant to the terms of the agreement, (i) the Company will appoint 6 new members to its Board of Directors: Keith Cozza, Nicholas Graziano, Scott Letier, Jay Firestone, Randolph Read, and John Visentin, (ii) Jeff Jacobson will resign as Chief Executive Officer of the Company and as a member of its Board of Directors, and (iii) Robert J. Keegan, Charles Prince, Ann N. Reese, William Curt Hunter, Sara Martinez Tucker, and Stephen H. Rusckowski will also each resign from the Board of Directors of the Company.