Xerox Holdings Corporation has announced updated compensation terms for its new Chief Financial Officer, Chuck Butler, effective December 3, 2025. Mr. Butler's annual base salary will increase from $500,000 to $550,000, and his target annual bonus under the Xerox Holdings Management Incentive Plan will rise from 80% to 100% of base salary. He will be eligible for a long-term incentive award in the 2026 cycle with a target grant date fair value of $2 million, plus potential future awards subject to board approval. Additional benefits include a monthly housing allowance for 12 months (up to $70,000), participation in Xerox's benefit plans, and executive financial planning assistance. In the event of certain terminations following a change in control, Mr. Butler would receive a lump sum cash payment, continued health coverage at employee rates for up to 18 months, and may also qualify for severance benefits under the company's Officer Severance Program.