Filed by Xerox Holdings Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: HP Inc.
(Commission
File No. 001-04423)
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News from Xerox Holdings Corporation
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Xerox Holdings Corporation
201 Merritt 7
Norwalk, CT
06851-1056
tel
+1-203-968-3000
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Xerox Files Preliminary Proxy Statement Supporting its Slate for Election at HPs 2020 Annual Meeting
Announces Addition of Erroll B. Davis, Jr. to Slate of Highly Qualified Director Nominees
Urges HP Stockholders to Secure Superior Value by Supporting Xeroxs Offer and Electing Xeroxs Slate of Director Candidates
NORWALK, Conn., March 9, 2020 Xerox Holdings Corporation (NYSE: XRX) (Xerox) today announced that it is filing a preliminary
proxy statement with the United States Securities and Exchange Commission (SEC) in support of its slate of independent candidates to replace the board of directors of HP Inc. (NYSE: HPQ) (HP) at HPs 2020 Annual Meeting
of Stockholders.
Following the expansion of HPs board slate from 11 to 12 members, Xerox has provided notice to HP that it is adding Erroll B.
Davis, Jr., former chairman and chief executive officer of Alliant Energy Corporation, to its existing slate of highly qualified director nominees. Mr. Davis has extensive public company director experience, having served on the board of
directors of Union Pacific, General Motors, PPG Industries and BP.
Xeroxs slate now comprises 12 director candidates, including: Betsy Atkins,
George Bickerstaff, Carolyn Byrd, Erroll B. Davis, Jr., Jeannie Diefenderfer, Kim Fennebresque, Carol Flaton, Matthew Hart, Fred Hochberg, Jacob Katz, Nichelle Maynard-Elliott and Thomas Sabatino, Jr.
Todays filing reflects continued progress towards a combination between Xerox and HP, stated John Visentin, vice chairman and chief
executive officer of Xerox. By nominating a slate of 12 independent, highly qualified candidates for election to HPs Board, we are giving HP stockholders an opportunity to have a board that will act in their best interests and consider
any and all opportunities to create value. We urge them to take advantage of this opportunity.
Mr. Davis commented, Xerox
has assembled an exceptional slate of nominees with extensive executive and board leadership experience. I am humbled to be part of this group and, if elected, look forward to serving HP stockholders and exploring all potential options to maximize
HPs long-term value.
About Erroll B. Davis, Jr.
Erroll B. Davis, Jr. has held several senior, high-profile positions in the private and public sectors. He was president, chief executive officer and chairman
of Alliant Energy Corporation, which he helped form by merging WPL Holdings with two other public utility companies.