Unisys settles SEC probe into cybersecurity disclosures; pays $4M civil penalty

UNISYS CORP

Settlement resolves non-scienter-based SEC violations over cybersecurity incident policies and disclosures from Nov 2022.
$4M civil penalty; fully accrued in 2023 financials, cash impact already assumed in 2024 free cash flow guidance.
Company neither admits nor denies wrongdoing; SEC recognized cooperation and remediation measures taken.
Settlement fully concludes the previously disclosed SEC investigation with a cease-and-desist order.
Unisys has enhanced cybersecurity policies, personnel, and tools since disclosing a material weakness in Nov 2022.

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