UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) April 23, 2015
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UNISYS CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 1-8729 38-0387840
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
801 Lakeview Drive, Suite 100
Blue Bell, Pennsylvania 19422
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(Address of Principal Executive Offices) (Zip Code)
(215) 986-4011
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
\ \ Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
\ \ Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
\ \ Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b)
\ \ Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On April 23, 2015, Unisys Corporation (the "Company") issued a news
release to report its financial results for the quarter ended March 31,
2015. The release is furnished as Exhibit 99 to this Current Report.
The information in this Item 2.02 and in Exhibit 99 attached hereto shall
not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liabilities
of that section. The information contained in this Item 2.02 and in the
accompanying Exhibit shall not be incorporated by reference into any
registration statement or other document filed with the Securities and
Exchange Commission by the Company, whether before or after the date
hereof, regardless of any general incorporation language in such filing,
except as shall be expressly set forth by specific reference in such
filing.
Item 2.05. Costs Associated with Exit or Disposal Activities.
In connection with organizational initiatives designed to create a more
competitive cost structure and rebalance the Company's global skill set
to take advantage of growth opportunities, the Company announced today
that it expects to recognize a pretax restructuring charge currently
estimated at approximately $300 million over the next several quarters.
The charge, which is principally related to headcount reductions, also
includes a reduction in the Company's facilities footprint, asset write-
downs and other expenses related to the cost reduction efforts. As a
result of these actions, the Company expects to reduce its worldwide
headcount by approximately 8%. The Company expects these actions to
result in annualized savings of approximately $200 million by the end of
2016.
Item 9.01. Financial Statements and Exhibits.
(d) The following exhibit is being furnished herewith:
99 News Release, dated April 23, 2015, of Unisys Corporation
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
UNISYS CORPORATION
Date: April 23, 2015 By: /s/ Janet B. Haugen
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Janet B. Haugen
Senior Vice President and
Chief Financial Officer
EXHIBIT INDEX
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Exhibit
No.
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99 News Release, dated April 23, 2015, of Unisys Corporation