Form 8-K

8-K — DXC Technology Co

Accession: 0001688568-26-000068

Filed: 2026-07-30

Period: 2026-07-25

CIK: 0001688568

SIC: 7374 (SERVICES-COMPUTER PROCESSING & DATA PREPARATION)

Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — dxc-20260725.htm (Primary)

EX-99.1 (dxcrelease.htm)

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8-K

8-K (Primary)

Filename: dxc-20260725.htm · Sequence: 1

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________________________________________

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): July 25, 2026

______________________________________________________________________________

DXC TECHNOLOGY COMPANY

(Exact name of registrant as specified in its charter)

______________________________________________________________________________

Nevada 001-38033 61-1800317

(State or Other Jurisdiction

of Incorporation) (Commission

File Number) (I.R.S. Employer

Identification No.)

20408 Bashan Drive, Suite 231

Ashburn, Virginia 20147

(Address of Principal Executive Offices and Zip Code)

Registrant’s telephone number, including area code: (703) 972-7000

Not Applicable

(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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, $0.01 par value per share DXC The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of President, Global Infrastructure Services

On July 25, 2026, Mr. Chris Drumgoole notified DXC Technology Company (the “Company”) of his decision to resign as President, Global Infrastructure Services, effective July 30, 2026. Mr. Drumgoole’s decision to resign was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. No separation or compensatory arrangements have been entered into in connection with Mr. Drumgoole's resignation.

Appointment of President, DXC

On July 30, 2026, the Company announced that it has appointed Paul J. Taylor to serve as President, DXC effective

August 10, 2026.

Mr. Taylor, age 55, brings more than 25 years of leadership experience across technology, financial services, and investment management. He most recently served as Chief Executive Officer of HUB Platform Technology Partner Ltd., a technology-enabled operating platform for the asset management industry, from June 2021 through May 2026. Prior to that, Mr. Taylor served as a Partner at IHS Markit from March 2015 through June 2021. Earlier in his career, Mr. Taylor was Chief Executive Officer and Partner of Eclectica Asset Management.

In connection with Mr. Taylor’s appointment as President, DXC, Mr. Taylor will receive compensation that includes an annual base salary of £769,820 (derived from a U.S. dollar base salary of $1,000,000) and annual bonus eligibility with a target amount of 200% of base salary. Mr. Taylor will also be eligible to receive equity awards each fiscal year with an initial target value equal to 900% of base salary. Mr. Taylor will receive a prorated long-term incentive award for fiscal year 2027 based on his start date. In addition, Mr. Taylor will receive a one-time inducement equity award with a grant-date value of $3.75 million, designed to bridge the difference between the prorated fiscal year 2027 long-term incentive award and a full-year target long-term incentive opportunity. Forty percent of the inducement award will be granted in the form of restricted stock units ("RSUs"), vesting in three equal annual installments on the first three anniversaries of the grant date, subject to continued employment. Sixty percent of the inducement award will be granted in the form of performance-based restricted stock units ("PSUs"). The terms and conditions of the prorated fiscal year 2027 long-term incentive award and the inducement award comprising RSUs and PSUs will generally be consistent with those applicable to the fiscal year 2027 equity awards granted to the Company's other senior executive officers. In the event of a termination without Cause by the Company prior to the full vesting of the prorated fiscal year 2027 long-term incentive award and the inducement award, Mr. Taylor will receive prorated accelerated vesting of the RSUs and prorated continuation of the PSUs, with the prorated PSUs vesting based on actual performance following completion of the performance period. Mr. Taylor will also be eligible to participate in employee benefit plans and programs maintained by the Company, including the Company’s Severance Plan for Senior Management and Key Employees and will receive certain additional benefits customary for United Kingdom-based executives as well as certain additional benefits appropriate to the seniority of his role.

The foregoing description of Mr. Taylor's compensation arrangements is qualified in its entirety by reference to the employment agreement between the Company and Mr. Taylor, which the Company expects to file as an exhibit to a future periodic report.

Item 7.01 Regulation FD Disclosure.

On July 30, 2026, the Company issued a press release in connection with the appointment of Mr. Taylor and the resignation of Mr. Drumgoole. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

This information provided under this Item 7.01, including Exhibit 99.1, is “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or the Securities Act of 1933 if and to the extent such subsequent filing specifically references the information incorporated by reference herein.

All statements in this Item 7.01 that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent the Company’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors many of which are outside the Company’s control. These factors could cause actual results to differ materially from such forward-looking statements. For a written description of these factors, see the section titled “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2026, and any subsequent report filed with the SEC. The Company disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise, except as required by law.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Press Release issued on July 30, 2026.

104

Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

SIGNATURES

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.

DXC TECHNOLOGY COMPANY

Dated: July 30, 2026 By: /s/ Matthew Fawcett

Name: Matthew Fawcett

Title: Executive Vice President, General Counsel and Secretary

EX-99.1

Filename: dxcrelease.htm · Sequence: 2

Document

Exhibit 99.1

DXC Announces Leadership Appointments to Accelerate Its AI-Centric Future

Paul Taylor named President of DXC; Dan Gray to lead Global Infrastructure Services

ASHBURN, Va., July 30, 2026 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced a series of leadership appointments effective immediately that position the next generation of AI-centric leadership at the forefront of the company and further streamline the organization for customers, partners, and employees.

Paul Taylor has been named President of DXC Technology, assuming the role from Raul Fernandez, who continues as Chief Executive Officer. In addition, Dan Gray has been appointed President of Global Infrastructure Services (GIS). Ramnath Venkataraman, President of Consulting & Engineering Services (CES), and Ray August, President of Insurance Software & Business Process Services (ISB), will continue to lead their businesses, with all three offering presidents reporting to Taylor. Chris Drumgoole, currently President of GIS, will depart DXC to take on an elevated leadership role outside the company and will join as a founding member of DXC's newly formed CEO Advisory Council.

The appointments build on the announcement of Holly Grant as President, AI Innovation and Strategy & LabX, DXC’s AI-native product incubation work and AI Platforms Engine, and a key growth driver of the company’s Fast Track strategy. Together, these moves mark a deliberate step in building the company's AI-centric future.

“These appointments put new AI-centric leadership front and center at DXC and accelerate our dual Core and Fast Track strategy,” said Raul Fernandez, Chief Executive Officer, DXC Technology. “Paul’s entrepreneurial mindset is exactly what we need to unify our commercial and operating organizations so we can fully leverage our world-class technology and execute with greater speed, accountability and customer focus. He will enable us to deliver even greater value for our customers as they transform their businesses. Paul and Dan, together with Holly Grant, who was announced earlier this week as President, AI Innovation and Strategy & LabX, each bring a proven ability to build, simplify and deliver at scale. Together, they will accelerate the momentum we’ve created for our customers, with our partners, and for our people. I also want to congratulate Chris on earning an exciting new opportunity and thank him for his years of dedicated service and leadership. I’m proud of what he has accomplished and pleased he will continue to contribute as a founding member of our new CEO Advisory Council.”

Paul Taylor — President, DXC Technology

As President, Taylor will lead DXC’s global operating business with end-to-end responsibility for customer growth, commercial execution, operational performance, profitability, and delivery across the company’s approximately $13 billion business, with commercial accountability across both DXC’s Core and Fast Track strategies. His remit spans DXC’s five geographic markets and its three global offering businesses, Global Infrastructure Services, Consulting & Engineering Services, and Insurance Software & Business Process Services. Bringing these organizations together under a single operating leader strengthens accountability, simplifies decision-making, and enables faster execution, allowing DXC to deliver greater value and innovation for customers around the world.

Taylor brings more than 30 years of technology and commercial leadership experience including in financial markets and enterprise technology. He was a partner at IHS Markit through a period of significant profitable growth and scale, culminating in its sale to S&P Global. Most recently, he founded and led HUB, an AI-driven financial technology business acquired by OSTTRA, where AI agents and workflow automation were central to the company’s operating model.

“DXC has an exceptional customer base, great people with deep technical capabilities, and a unique opportunity to help many of the world’s largest organizations modernize and transform through AI,” said Taylor. “By bringing our markets and global offerings together under one operating organization, we can move faster, execute more effectively, and deliver greater value for our customers. Our focus will be on driving sustainable revenue growth, strengthening customer partnerships, delivering operational excellence, and creating measurable business outcomes for our customers. I’m excited to work alongside our teams around the world as we build on DXC’s strengths and unlock the next phase of value creation for our customers, employees, and shareholders.”

Chris Drumgoole — CEO Advisory Council

Drumgoole, who has led GIS as President, will depart DXC to take on a leadership role outside the company after many years of dedicated service. During his tenure, Drumgoole built a strong foundation for the GIS business and its customers. He will remain closely connected to DXC as a member of the CEO Advisory Council, where he will continue to advise Fernandez and members of the leadership team.

Dan Gray — President, Global Infrastructure Services

Gray is a senior DXC leader who has spent nineteen years at the company leading technology strategy and delivery for some of the company’s largest global customers in addition to enterprise IT as deputy CIO.

Most recently, as Vice President and Chief Technology Officer for GIS, he led Global Technical Customer Operations, a team of more than 45,000 technology professionals delivering infrastructure, cloud, cybersecurity, mainframe, workplace, and business process services for many of the world's largest enterprises. In that role, he co-led and provided technical leadership for the build and deployment of DXC OASIS, helping take the platform from concept to production in just over a year. As President of GIS, Gray will work closely with Taylor to sharpen the organizations’ focus, accelerate growth through the adoption of AI powered services, and help DXC’s customers realize greater value from the mission-critical systems and services they depend on every day.

About DXC Technology

DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations — helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world's most complex technology estates. Learn more on dxc.com.

Forward-Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute "forward-looking statements." These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved.

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