Rackspace Technology, INC 8-K filings

Rackspace Technology announces a $250 million at-the-market equity distribution agreement and extends its receivables securitization facility to 2029, while also providing preliminary Q2 2026 results and updating its FY26 outlook.

Rackspace Technology, Inc. announced the results of its 2026 Annual Meeting of Stockholders, including the election of directors and ratification of its independent auditor.

Rackspace Technology and AMD have signed a definitive agreement to deploy 30 MW of AMD AI compute across Rackspace's global data centers, aiming to create a new category of governed enterprise AI infrastructure.

Rackspace Technology is realigning its workforce, cutting approximately 15% of its global employees to accelerate its AI transformation and de-emphasize legacy services.

Rackspace Technology announced its first quarter 2026 financial results, showing a 2% year-over-year revenue increase to $678 million, alongside a strategic Memorandum of Understanding with AMD to develop governed enterprise AI infrastructure.

Rackspace Technology, Inc. announced the resignation of Director Betsy Atkins from its Board, effective March 31, 2026, with no stated disputes.

Rackspace Technology reports mixed Q4 and full-year 2025 results, with public cloud growth offsetting private cloud declines, alongside an optimistic 2026 outlook.

Rackspace Technology reported third quarter 2025 results, showing reduced net losses and strong cash flow despite a slight year-over-year revenue decline.

Rackspace Technology, Inc. reported the resignations of director Vikram Mahidhar and President Srinivas Koushik, effective late September 2025.

Rackspace Technology, Inc. filed an amendment to disclose the financial terms of former CEO Amar Maletira's separation agreement, including significant severance and equity vesting.

Rackspace Technology announced the appointment of Gajen Kandiah as its new Chief Executive Officer, effective September 3, 2025, succeeding Amar Maletira.

Rackspace Technology, Inc. announced the immediate resignation of director Shashank Samant, reducing its Board size from ten to nine members.

Rackspace Technology reported a 3% revenue decrease to $666 million in Q2 2025, but saw a 34% increase in Non-GAAP Operating Profit to $27 million.

Rackspace Technology, Inc. announced that all proposals, including the election of four Class II Directors, ratification of KPMG LLP as auditors, and advisory approval of executive compensation, were passed by stockholders at its 2025 Annual Meeting.

Rackspace Technology reported first quarter 2025 results, exceeding expectations for profit and EPS, while revenue saw a slight year-over-year decrease.

Rackspace Technology dismisses PricewaterhouseCoopers LLP (PwC) and appoints KPMG LLP as its new independent registered public accounting firm following a competitive bid process.

Rackspace Technology reports a 5% decrease in fourth-quarter revenue and a 7% decrease in full-year revenue for 2024, but highlights record-breaking quarterly sales bookings and 14% year-over-year growth in fiscal 2024 bookings.

Rackspace Technology has announced changes to its board of directors and executive leadership team, including the appointment of a new director with AI expertise, while also reaffirming its financial guidance for the fourth quarter of 2024.

Rackspace Technology's third-quarter results show a year-over-year revenue decrease of 8%, but bookings grew double digits, with Public Cloud achieving a record quarter.

Rackspace Technology's Q2 2024 results show a revenue decline of 8% year-over-year, but a return to net income and improved operating loss.

Rackspace Technology held its annual meeting on June 14, 2024, where stockholders elected directors, ratified the accounting firm, approved executive compensation, and amended the equity incentive plan.

Rackspace Technology's first quarter 2024 revenue declined by 9% year-over-year to $691 million, but exceeded the high end of guidance, with a significant net loss due to non-cash impairment charges.

Rackspace Technology reaffirmed its previously issued financial guidance for the quarter ending March 31, 2024, and completed a significant debt exchange, reducing its outstanding secured notes by over 90%.

Rackspace Technology reports strong early participation in its exchange offer for its 3.50% First-Priority Senior Secured Notes due 2028, with 73.1% of outstanding notes tendered.

Rackspace Technology successfully exchanged or purchased for cancellation over 97% of its outstanding term loans through private and public exchanges.

Rackspace Technology is offering to exchange existing senior secured notes for new notes and cash, while also offering a funding opportunity for new term loans.

Rackspace Technology is launching exchange offers for its existing term loans and senior secured notes, aiming to restructure approximately $1 billion of debt.

Rackspace Technology successfully closed a private debt exchange, eliminating over $375 million in debt and securing $275 million in new funding, while also planning a public exchange offer.

Rackspace Technology has appointed Mark Gross to its Board of Directors, filling the vacancy left by the unexpected passing of Thomas Cole.

Rackspace Technology has appointed Mark Marino as its new Chief Financial Officer, effective January 12, 2024, following the resignation of Naushaza 'Bobby' Molu.