Appointed
Vikram Mahidhar
director
RXT ·
Rackspace Technology, Inc.
appointed Mr. Vikram Mahidhar as a director of the Company.
Ready 8-Ks
24
Latest filing
May 7, 2026, 7:59 PM ET
Top materiality
0.80
Event mix
earnings ×9 · leadership ×6 · debt ×6
Sentiment
2 pos · 3 neg · 19 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for RXT
Highest-materiality recent filing
Rackspace closes $1.9B debt exchange, cuts >$375M debt, extends maturities to 2028
- Exchanged $331.4M of 3.50% secured notes and $1.59B of term loans with holders representing >64% and >72% of each class.
- Issued $267.3M new 3.50% secured notes and $1.31B new first-lien second-out term loans, both maturing May 2028.
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Rackspace Q1 revenue $678M (+2% YoY); net income $8M; AMD AI MOU
Revenue $678M (+2% YoY); Public Cloud $443M (+7%), Private Cloud $235M (-6%).
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Director Betsy Atkins resigns from Rackspace board effective March 31, 2026
Betsy Atkins resigned from the Board of Directors on March 31, 2026.
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Rackspace Q4 rev $683M (-0.4% YoY), Private Cloud -10%, Public Cloud +6%, net loss $(0.13)/share
Q4 revenue $683M, down 0.4% YoY; full-year revenue $2,686M, down 2% YoY.
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Rackspace Q3 revenue $671M (-1% YoY); net loss narrows to $67M
Revenue $671M (-1% YoY); Private Cloud $250M (-3%), Public Cloud $422M (+1%).
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Rackspace Technology director Vikram Mahidhar and President Srinivas Koushik resign
Director Vikram Mahidhar resigns effective Sept 30, 2025, due to departure from Apollo Global Management; no dispute with company.
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Rackspace discloses CEO Maletira separation terms: $3.375M cash, equity acceleration
Severance: 18 months base salary + target bonus = $3.375M paid over 18 months.
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Rackspace names Gajen Kandiah CEO, effective Sept 3; Maletira becomes Vice Chairman
Mr. Kandiah appointed CEO effective Sept 3, 2025; succeeds Amar Maletira who becomes Vice Chairman until Sept 30.
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Shashank Samant resigns from Rackspace Technology board effective immediately
Shashank Samant resigned from the Board on August 20, 2025, effective immediately.
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Rackspace Q2 revenue $666M (-3% YoY); non-GAAP op profit +34%, GAAP net loss $55M
Revenue $666M, down 3% YoY; Private Cloud $250M (-4%), Public Cloud $417M (-2%)
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Rackspace Technology stockholders elect all directors, ratify KPMG, approve say-on-pay
Class II directors Betsy Atkins, Mitchell Garber, Anthony Roberts, Anthony Scott elected for three-year terms.
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Rackspace Q1 revenue $665M (-4% YoY) beats guidance; Non-GAAP op profit up 83%
Revenue $665M, down 4% YoY; at high end of guidance range.
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Rackspace dismisses PwC as auditor, appoints KPMG after competitive bid
PwC dismissed on March 21, 2025; no disagreements or reportable events in 2023/2024.
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Rackspace Q4 revenue $686M (-5% YoY); net loss $(0.26) EPS; record bookings up 14%
Q4 revenue $686M (-5% YoY); FY24 revenue $2.74B (-7% YoY).
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Rackspace appoints new director, chairman; President of Private Cloud departs; reaffirms Q4 guidance
Vikram Mahidhar (Apollo Operating Partner) appointed to Board; David Sambur and Susan Arthur resigned.
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Rackspace Tech Q3 revenue $676M (-8% YoY); net loss $(0.82)/share
Revenue $676M, down 8% YoY; Private Cloud -14% to $258M, Public Cloud -3% to $418M.
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Rackspace Q2 revenue $685M (-8% YoY); GAAP EPS $0.11, Non-GAAP loss $(0.08)
Revenue $685M, down 8% YoY; Private Cloud $260M (-17%), Public Cloud $425M (-2%).
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Elected Susan Arthur, Jeffrey Benjamin, and Aaron Sobel as Class I directors for terms expiring 2027.
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Rackspace Technology Q1 revenue $691M (-9% YoY); Non-GAAP operating profit down 68% to $16M
Revenue $691M, down 9% YoY; Private Cloud $268M (-15%), Public Cloud $422M (-5%).
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Rackspace closes early exchange of $133.3M notes; over 90% of existing secured notes now exchanged
Private exchange ($331.4M) and public early settlement ($133.3M) result in over 90% of $513.7M existing 3.50% notes exchanged or cancelled.
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Rackspace reports 73.1% of existing secured notes tendered in exchange offer
$133.3M (73.1%) of 3.50% Senior Secured Notes due 2028 tendered by March 28 early deadline.
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Rackspace completes public term loan exchange; over 97% of existing debt refinanced
On March 26, 2024, closed Public Term Loan Exchange: ~$530M Existing Term Loans exchanged/cancelled, ~$375M New FLSO Term Loans issued.
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Rackspace launches exchange offer for 3.50% senior secured notes due 2028
Exchange offer for any and all existing 3.50% First-Priority Senior Secured Notes due 2028.
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Rackspace launches debt exchange for up to $592.3M term loans, $418.8M new debt
Public Term Loan Exchange: up to $592.3M Existing Term Loans exchanged for $418.8M new first lien second out term loans.
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Rackspace closes $1.9B debt exchange, cuts >$375M debt, extends maturities to 2028
Exchanged $331.4M of 3.50% secured notes and $1.59B of term loans with holders representing >64% and >72% of each class.
Executive changes
Departed
David Sambur
director
RXT ·
Rackspace Technology, Inc.
Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).
Departed
Susan Arthur
director
RXT ·
Rackspace Technology, Inc.
Mr. David Sambur and Ms. Susan Arthur resigned as members of the Board (and, with respect to Mr. Sambur, as chairman of the Board and as member of the Board's nominating and corporate governance, compensation and executive committees).
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.65 · Most common event earnings