Douglas Deason, Son of ACS Founder, Now Controls Over 22 Million Shares of Xerox. (XRX)

Douglas R. Deason, son of the late ACS founder Darwin Deason, has disclosed his substantial Xerox stock insider ownership through the DD Revocable Trust, which he now controls following his father’s passing. According to a recent Form 3 filing with the SEC, the trust holds 8.5 million shares of common stock, convertible preferred stock equal to 6.7 million common shares, and warrants for 7.6 million additional shares, giving Deason the potential to control over 22.9 million shares of Xerox stock. This disclosure of Douglas Deason holdings offers investors insight into insider stakes and highlights the potential influence of a major shareholder on Xerox’s corporate governance and strategic decisions.