8-K
filed January 19, 2024, 6:59 PM ET
CIK 0001794905
other material
confidence high
sentiment negative
materiality 0.95
Cyxtera Technologies, Inc.: going-concern / distress — Cyxtera Chapter 11 plan effective; stock cancelled, board dissolved, assets sold
Cyxtera Technologies, Inc.
- Plan became effective Jan 12, 2024; all common stock cancelled with no value.
- Substantially all assets sold to Phoenix Data Center Holdings LLC under Purchase Agreement.
- Board dissolved; officers including CEO Nelson Fonseca and CFO Carlos Sagasta resigned.
- Total assets ~$11.9M, total liabilities ~$103.1M per Nov 30, 2023 monthly report.
- Company to deregister common stock and cease SEC filings.
Key facts
Extracted from this filing and checked against the source text.
Distress & Bankruptcy
SEC 8-K Item 1.03
confidence 0.9
Cyxtera Technologies, Inc. entered chapter 11 in United States Bankruptcy Court for the District of New Jersey (petition 2023-11-16).
- Proceeding
- chapter 11
- Court
- United States Bankruptcy Court for the District of New Jersey
- Petition
- 2023-11-16
Exact text from the filing
On November 16, 2023, the Bankruptcy Court held a confirmation hearing to approve the Company’s Fourth Amended Joint Plan of Reorganization of Cyxtera Technologies, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code and the Transactions contemplated thereunder (the “ Plan ”). The Bankruptcy Court approved the Plan, and on November 17, 2023, the Bankruptcy Court entered the Revised Findings of Fact, Conclusions of Law, and Order Confirming the Fourth Amended Joint Plan of Reorganization of Cyxtera Technologies, Inc. and Its Debtor Affiliates Pursuant to Chapter 11 of the Bankruptcy Code (the “ Confirmation Order ”) confirming the Plan.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Roger Meltzer departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Carlos Sagasta departed as Chief Financial Officer at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Chief Financial Officer
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Benjamin Phillips departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
John W. Diercksen departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Manuel D. Medina departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Fahim Ahmed departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Frederick Arnold departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Scott Vogel departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Nelson Fonseca departed as President & Chief Executive Officer at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- President & Chief Executive Officer
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Greg Waters departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Nelson Fonseca departed as Director at Cyxtera Technologies, Inc..
- Action
- ceased
- Role
- Director
Exact text from the filing
Each of the Company’s directors, Manuel D. Medina, Greg Waters, Nelson Fonseca, Fahim Ahmed, Benjamin Phillips, John W. Diercksen, Frederick Arnold, Roger Meltzer and Scott Vogel, and the Company’s remaining officers, including Nelson Fonseca, President & Chief Executive Officer and Carlos Sagasta, Chief Financial Officer ceased being directors and officers of the Company on the Effective Date.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.