Chris Arrasmith
On February 12, 2025, the Board of Directors of Unisys Corporation (the "Company") elected Chris Arrasmith to Executive Vice President and Chief Operating Officer, effective April 1, 2025.
Highest-materiality recent filing
Presentation states upwardly revised full-year 2026 revenue guidance and medium-term financial targets.
Unisys 1Q26 revenue +1.3% YoY (constant currency -4.5%); net loss $35.8M, reaffirms guidance
Revenue $437.6M (+1.3% YoY); constant-currency revenue fell 4.5%.
Nathaniel A. Davis appointed Chair after Peter Altabef retires; supermajority vote fails
Davis, Lead Independent Director since 2018, succeeds retiring Chair Peter Altabef; Board eliminates Lead Independent Director role.
Q4 revenue $574.5M (+5.3% YoY); non-GAAP op margin 18.0% (up 640 bps YoY), beating guidance.
Unisys removes mandatory officer retirement age, corrects charter filing error from May 2025
Board approved amendment to Bylaws removing provision that officer term ends at age 65, effective Nov 25, 2025.
Unisys Q3 revenue down 7.4% YoY; cuts FY revenue guidance amid pension liability transfer
Revenue $460.2M, down 7.4% YoY; constant currency decline 9.0%.
Unisys to host investor conference call on ClearPath Forward ecosystem on Oct 9
Call scheduled for October 9, 2025 at 2 p.m. EDT to educate investors on ClearPath Forward.
Total revenue $483.3M, up 1.1% YoY; Ex-L&S revenue $395.7M, flat YoY.
Unisys updates on debt transaction, $250M pension contribution, asset allocation changes
Completed recent note offering; proceeds used for $250M discretionary pension contribution.
Unisys makes $250M discretionary pension contribution, plans call to discuss debt, pension strategy
Made $250M discretionary contribution to U.S. Qualified Defined Benefit Plans, reducing pension deficit and volatility.
Unisys closes $700M 10.625% senior secured notes offering for refinancing and pension funding
$700M aggregate principal of 10.625% Senior Secured Notes due 2031 closed on June 27, 2025.
$480M of $485M notes tendered (98.98%); early settlement June 27 at $1,006.25 per $1,000 principal plus accrued interest.
$700M of 10.625% Senior Secured Notes priced at par, due 2031; closing expected June 27, 2025.
Unisys announces $700M notes offering, tender for $485M 6.875% notes due 2027, and pension funding
Commenced tender offer for any and all $485M 6.875% Senior Secured Notes due 2027 at total consideration of $1,006.25 per $1,000 principal.
Unisys files 8-K with FY2024 financial data; no material event disclosed
Filing contains XBRL-tagged annual financial statements for the period ended December 31, 2024.
Unisys annual meeting results: officer liability amendment approved, supermajority removal fails
Shareholders approved charter amendments limiting officer liability (46.3M for) and clarifying indemnification (53.3M for).
Unisys Q1 revenue falls 11.4% to $432M; net loss $29.5M, free cash flow improves to $13.2M
Revenue $432.1M, down 11.4% YoY; Ex-L&S revenue $361M (-8.5%).
Unisys reclassifies segments; restates 2023-2024 quarterly revenue and gross profit
BPS operations integrated into ECS and CA&I; UK BPO JV remains in Other.
Unisys appoints Chris Arrasmith as EVP & COO effective April 1, 2025; Thomson to become CEO
Chris Arrasmith elected EVP & COO effective April 1, 2025; previously SVP & GM of Enterprise Computing Solutions.
Full-year revenue $2,008.4M (-0.3% YoY); non-GAAP operating margin 8.8% (up 180 bps YoY), exceeding guidance.
Unisys CEO succession: Michael Thomson to become CEO April 1, 2025; Peter Altabef stays Chair
Michael Thomson promoted to Chief Executive Officer and President effective April 1, 2025, and elected to the Board.
Unisys amends ABL credit facility: maturity to Oct 2027, size $125M
Maturity of secured revolving credit facility extended from Oct 2025 to Oct 2027.
Unisys Q3 revenue up 7% YoY; raises non-GAAP operating margin guidance to 6.5-8.5%
Revenue $497M (+7.0% YoY, +8.2% constant currency); non-GAAP operating margin 9.9% vs 0.1% in 3Q23.
Unisys settles SEC probe into cybersecurity disclosures; pays $4M civil penalty
Settlement resolves non-scienter-based SEC violations over cybersecurity incident policies and disclosures from Nov 2022.
Unisys Q2: revenue flat $478M, net loss narrows to $12M; new business signings double YoY
Revenue $478.2M, +0.3% YoY (+0.5% constant currency); Ex-L&S revenue flat at $396.1M.
Unisys Q1 revenue down 5.5% YoY; Ex-L&S up 4%; New Logo TCV doubles
Revenue $487.8M, down 5.5% YoY; Ex-L&S revenue $394.6M, up 4.0% YoY (3.0% constant currency).
11 directors elected with 48-49M shares for (except Germond at 46.3M); broker non-votes of 9.1M.
Unisys Q4 rev $557.6M flat; FY +1.8%; guides FY24 CC rev -1.5% to +1.5%, op margin 5.5%-7.5%
Q4 GAAP net loss $165.3M ($3.26 diluted EPS) includes $167.2M pension settlement loss; non-GAAP net income $35.4M.
Unisys CHRO Katherine Ebrahimi to depart effective March 31, 2024
Katherine Ebrahimi, SVP and Chief Human Resources Officer, leaving Unisys as of March 31, 2024.
Unisys raises FY2023 guidance; Q3 revenue up 0.7% but GAAP net loss widens to $50M
Revenue $464.6M (+0.7% YoY); Ex-L&S revenue $397.5M (+6.2% YoY).
Unisys appoints David Brown as Chief Accounting Officer effective Aug 14, 2023
David Brown appointed VP, Chief Accounting Officer and Corporate Controller, effective August 14, 2023.
Unisys Q2 net loss widens to $40M; rev down 7.4% YoY; Ex-L&S rev up 4.9%
Revenue $476.8M (-7.4% YoY); Ex-L&S revenue $396.0M (+4.9% YoY); gross margin 24.3% (down 450 bps).
Unisys sets long-term targets: 45%+ Next-Gen revenue mix by 2026, high-teens EBITDA margin
Next-Gen solutions mix target of 45%+ of Ex-L&S revenue by 2026 (35% in 2022).
Unisys GC/CAO Claudius Sokenu to depart June 30; Michelle Jones named interim
Claudius Sokenu, SVP, General Counsel, Corporate Secretary and CAO, will leave Unisys effective June 30, 2023.
Unisys annual meeting: all directors elected, say-on-pay and LTIP approved
All 11 director nominees elected; highest vote count 57.3M for John Kritzmacher, lowest 47.8M for Philippe Germond.
On February 12, 2025, the Board of Directors of Unisys Corporation (the "Company") elected Chris Arrasmith to Executive Vice President and Chief Operating Officer, effective April 1, 2025.
Michael Thomson, the Company’s current President and Chief Operating Officer, will cease serving as the Company’s Chief Operating Officer on March 31, 2025, and will serve as the Chief Executive Officer and President and as a director of the Company, effective April 1, 2025.
Ms. Ebrahimi will be leaving the Company effective March 31, 2024 (the “Termination Date”).
The Board of Directors of Unisys Corporation (the “Company”) appointed David Brown to the role of Vice President, Chief Accounting Officer and Corporate Controller, effective August 14, 2023.
As previously disclosed, William M. Reinheimer, the Company’s Vice President and Assistant Corporate Controller, who had been serving as the principal accounting officer before Mr. Brown’s appointment, has ceased to serve in the role of principal accounting officer upon Mr. Brown’s appointment.
Claudius Sokenu, Unisys Corporation's Senior Vice President, General Counsel, Corporate Secretary and Chief Administrative Officer, will be leaving the company effective June 30, 2023.
Immediately following Mr. Sokenu’s departure, Michelle Jones will serve as the company’s general counsel, corporate secretary and chief administrative officer until a successor for Mr. Sokenu is named.
Max materiality 0.80 · Median 0.65 · Most common event earnings