Company: UIS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001104659-25-027313
Chunk: 79

Company: UNISYS CORP
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 79
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 is permissive, rather than mandatory, for any employee or agent of the Company or any person serving as a director, officer, employee or agent of another enterprise at the request of the Company (the “Indemnification Amendment”). Currently, Article X of our Restated Certificate of Incorporation could be interpreted as providing that the Company shall indemnify, to the fullest extent authorized by the DGCL, persons other than the Company’s directors and officers. We are proposing to amend Article X to clarify that indemnification and the advancement of fees for any person who is or was serving as an employee or agent of the Company or any person who is or was serving as a director, officer, employee or agent of another enterprise at the request of the Company is permissive, rather than mandatory. Article X would continue to provide for mandatory indemnification for our Company’s directors and officers, and would also clarify which employees qualify as “officers” entitled to mandatory indemnification rights. Our Board believes that clarifying that the indemnification rights for persons serving in these specified roles at other enterprises are permissive, rather than mandatory, will give the Company the flexibility to indemnify such persons only in appropriate cases. Our Board does not believe that the Indemnification Amendment will deprive deserving employees and agents (or other persons) of rights to indemnification because the Company will still be able to indemnify them for serving in such roles on a case-by-case basis by action of our Board, including through employment agreements, as appropriate. This approach is consistent with the provisions in our Restated Certificate of Incorporation regarding the indemnification rights of employees and agents of the Company not serving in such specified roles. Our Restated Certificate of Incorporation provides that employees and agents of the Company not serving in such specified roles may be indemnified, to the fullest extent permitted by the DGCL, by action of our Board. Additionally, we believe that the Indemnification Amendment will better align with our peers’ practices. We believe that many of our peers provide mandatory indemnification rights only for directors and officers in their capacities as such, but not for other persons such as employees or agents, in their governing documents. For these reasons, adopting the Indemnification Amendment is in the best interests of the Company and our stockholders. The affirmative vote of holders of a majority of the outstanding shares of common stock is needed to approve this proposal. If approved by the Company’s stockholders, an Amended and Restated Certificate of Incorporation reflecting the Indemnification Amendment