Uncle Darwin (Deason) is back to collect

So… you thought Darwin Deason was done with Xerox after the Fujifilm soap opera?

The man’s back, and this time, he’s not just holding shares… he is LENDING MONEY TO THE COMPANY.

Deason’s private fund (DCS Finance, LLC) just committed $250 million in unsecured debt to help Xerox fund the $1.5B Lexmark acquisition (the one no one asked for and no one can quite explain).

And who chairs the Finance Committee overseeing this genius financial strategy? Scott Letier — Deason’s guy. Installed years ago via a “Standstill Agreement,” still standing, still pulling strings.

Deason is now:

A major shareholder,
A governance insider,
AND a lender with leverage.

If this Lexmark thing implodes, or the Q2 numbers flop, Deason’s playbook is clear:

Pull the ripcord on management,
Take over the board,
Break up Xerox for parts.

And if it works? He gets paid as a creditor and wins as a shareholder.

A ruthless Genius.

Icahn might look like an apprentice next to him.

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NO IT'S NOT!!!

"Stupid is as stupid does"

To the folks out there still insisting Darwin Deason “no longer holds any shares in Xerox"...

Please stop embarrassing yourselves.

You don’t have to take my word for it, just check this shiny little link from the SEC:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001770450/000177045025000017/xrx-20250409.htm

Now scroll your skeptical little eyeballs down to PAGE 23.

You are welcome.

Darwin had stock in 2023. But that is more than 24 months ago. He no longer has those shares. Keep in mind he sued Xerox during that time.

If those 180,000 are the ones that pay $20 each every year, then he has good reason to try to influence the direction. Perhaps the cash outlay to own over 12% is too much to try to save the preferred stock, but they are permanent. Just guessing here.

He has preferred shares.

Old news...
https://www.sec.gov/Archives/edgar/data/108772/000119312524283670/d894396dex103.htm

Old data, he no longer holds any shares.

Deason (Darwin A) is a shareholder - it’s on the Xerox website. I am assuming this is related to DCS finance…?

Source?

Firstly, how are you attributing him as a major shareholder? According to Nasdaq he's not a shareholder, nor is DCS, in any relevant capacity at least.

https://www.nasdaq.com/market-activity/stocks/xrx/institutional-holdings?page=1&rows_per_page=1000

It doesn't make sense, at all, to me.

Agree with @a8+1jrg0nmxw

What is the play then?

Ridiculous risk for him. He will just be in line with all of the other creditors. There is not much "if" around LEX. And the "sell for parts" thing - you need something to sell as well as a buyer.

Thread regarding Xerox Corp. layoffs

Uncle Darwin (Deason) is back to collect

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