Highest-materiality recent filing
Rackspace President of Public Cloud to depart Sept 14, 2026
Dharmendra Kumar Sinha to step down as President, Public Cloud, effective on or about Sept 14, 2026.
Rackspace Q2 revenue $670M (+0.6% YoY), net loss widens to $68M
Revenue $670M, +0.6% reported (+0.4% cc) vs $666M prior year; Private Cloud $263M (+5.5%), Public Cloud $407M (-2.3%).
Rackspace cuts FY26 revenue guidance by $150M, launches $250M ATM, pivots to Enterprise AI
Preliminary Q2 2026 revenue $641-649M; GAAP net loss $(91)-$(62)M; Adj. EBITDA $58-62M.
Rackspace shareholders approve all four proposals at 2026 annual meeting
Gajen Kandiah and Michael Weston elected as Class III directors with 99.1% of votes cast.
Rackspace signs definitive GPUaaS agreement with AMD for 30 MW AI compute deployment
Initial 30 MW footprint dedicated to AMD Instinct GPUs (MI355X, MI350P) and EPYC CPUs, deployed late 2026 through 2028.
Rackspace to cut ~15% of workforce, shift resources to enterprise AI buildout
Terminations affect ~15% of global workforce, largely in Public Cloud business unit and geographic rationalizations.
Rackspace Q1 revenue $678M (+2% YoY); net income $8M; AMD AI MOU
Revenue $678M (+2% YoY); Public Cloud $443M (+7%), Private Cloud $235M (-6%).
Director Betsy Atkins resigns from Rackspace board effective March 31, 2026
Betsy Atkins resigned from the Board of Directors on March 31, 2026.
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.
Rackspace Q3 revenue $671M (-1% YoY); net loss narrows to $67M
Revenue $671M (-1% YoY); Private Cloud $250M (-3%), Public Cloud $422M (+1%).
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.
Rackspace discloses CEO Maletira separation terms: $3.375M cash, equity acceleration
Severance: 18 months base salary + target bonus = $3.375M paid over 18 months.
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.
Shashank Samant resigns from Rackspace Technology board effective immediately
Shashank Samant resigned from the Board on August 20, 2025, effective immediately.
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%)
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.
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.
Rackspace dismisses PwC as auditor, appoints KPMG after competitive bid
PwC dismissed on March 21, 2025; no disagreements or reportable events in 2023/2024.
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).
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.
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.
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%).
Elected Susan Arthur, Jeffrey Benjamin, and Aaron Sobel as Class I directors for terms expiring 2027.
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%).
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.
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.
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.
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.
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.
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.
Rackspace appoints Mark Gross to board after director Thomas Cole's passing
Mark Gross appointed to board effective Feb 6, 2024; succeeds Thomas Cole who passed away.
Bobby Molu resigns as EVP & CFO effective Jan 12, 2024; advisory role through Feb 23.
Rackspace Q3 revenue down 7% YoY to $732M; net loss $(1.05)/share; guides Q4 down
Revenue $732M (-7% YoY); Private Cloud $300M (-13%), Public Cloud $433M (-3%).
Rackspace enters $300M A/R facility, draws $209M; appoints Thomas Cole to board
Entered $300M receivables purchase facility with PNC; drew $209M on Sept 29, 2023.
Rackspace Q2 revenue down 3% YoY; Non-GAAP operating profit plunges 60%
Revenue $746M (-3% YoY); Public Cloud +3% to $435M, Private Cloud -11% to $311M.
David Sambur, Amar Maletira, and Shashank Samant elected as Class III directors with at least 138M votes each.
Rackspace appoints Betsy Atkins and Tony Scott to board; Dhiren Fonseca resigns
Dhiren Fonseca will resign from the board effective June 16, 2023; no dispute with company.
Revenue $759M (-2% YoY); Public Cloud up 7% to $445M, Private Cloud down 12% to $314M.
Rackspace Q4 revenue $787M (+1% YoY); net loss $(214)M; $217M impairment; Q1 guidance weak
Q4 revenue $787M (+1% YoY); full year revenue $3,122M (+4% YoY).
Rackspace Technology appoints Anthony Roberts to board of directors
Anthony Roberts appointed to Rackspace board effective January 30, 2023, filling vacancy from Tim Campos' departure in December 2022.
Rackspace CLO Holly Windham to depart Feb 28, 2023; Michael Bross named interim CLO
Holly Windham's last day is February 28, 2023; departure not due to disagreement.
Rackspace director Campos resigns; Chief Legal/People Officer Windham to leave by Feb 2023
Timothy Campos resigned from board effective Dec 12, 2022 to avoid potential conflicts and due to increased time at Apple; no disagreement with company.
Rackspace ransomware incident contained to Hosted Exchange email; ~1% of revenue affected
CrowdStrike confirmed incident was quickly contained and limited solely to the Hosted Exchange Email business.
Rackspace discloses ransomware incident affecting Hosted Exchange, causing service disruptions
Ransomware attack isolated to Hosted Exchange environment; other products and Rackspace Email unaffected.
Rackspace Technology appoints Bobby Molu as CFO effective January 16, 2023
Molu will receive $570k annual base salary, $500k signing bonus, RSUs of $2.5M, and PSUs of $2.5M.
Q3 rev +3% to $788M but GAAP net loss $(512)M on $405M goodwill impairment; guides Q4 below Q3
GAAP net loss $(512)M vs $(35M) YoY; diluted EPS $(2.43).
Rackspace Technology EVP and Managing Director of EMEA Martin Blackburn to depart Dec 7, 2022
Martin Blackburn, EVP and Managing Director of EMEA, will leave the company effective Dec 7, 2022.
Rackspace Technology EVP and President of Americas Subroto Mukerji to retire on Nov 15, 2022
Subroto Mukerji, EVP and President of the Americas region, announced retirement effective November 15, 2022.
New CEO Amar Maletira receives $900,000 salary and 150% target bonus; one-time equity grant of ~$15M (50% RSUs, 50% PSUs).
Rackspace Technology names Amar Maletira CEO; reaffirms Q3 2022 guidance
Amar Maletira appointed CEO effective Sept 23, 2022, replacing Kevin Jones.
Mr. Dharmendra Kumar Sinha is expected to depart from his position as President, Public Cloud of Rackspace Technology, Inc., effective on or about September 14, 2026.
appointed Mr. Vikram Mahidhar as a director of the Company.
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).
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).
Effective February 6, 2023, the board of directors (the "Board") of the Company, with the recommendation of the Nominating and Corporate Governance Committee, appointed Mr. Mark Gross as a member of the Board.
Mr. Cole unexpectedly passed away over the recent holiday season.
Effective January 12, 2024, the Company appointed Mr. Mark Marino as Chief Financial Officer.
Mr. Naushaza "Bobby" Molu informed the Company of his intention to resign as Executive Vice President and Chief Financial Officer
Effective October 2, 2023, the board of directors (the "Board") of the Company, with the recommendation of the Nominating and Corporate Governance Committee, appointed Mr. Thomas Cole as a member of the Board.
Mr. Dhiren Fonseca notified the board of directors (the "Board") of Rackspace Technology, Inc. (the "Company") that he intends to resign as member of the Board and as a member of the audit committee of the Board effective June 16, 2023.
the Board, with the recommendation of the Nominating and Corporate Governance Committee, appointed Ms. Betsy Atkins and Mr. Anthony Scott as members of the Board, to become effective on June 16, 2023 following the resignation of Mr. Fonseca.
the Board, with the recommendation of the Nominating and Corporate Governance Committee, appointed Ms. Betsy Atkins and Mr. Anthony Scott as members of the Board, to become effective on June 16, 2023 following the resignation of Mr. Fonseca.
Max materiality 0.85 · Median 0.62 · Most common event leadership