What changed in this filing

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Item 1. Business

2023-03-01 compared with 2022-02-22 · 200 added, 118 removed, 91 unchanged (78% of the section changed)

Unisys Corporation, a Delaware corporation (Unisys, we, our, or the company), is a global information technology (IT) solutions company that delivers successful outcomes for the most demanding businesses and governments.

Unisys offerings include digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions.

In January 2021, the company changed its organizational structure to more effectively address evolving client needs.

As a result, our reportable segments are as follows:

• Digital Workplace Solutions (DWS), which provides solutions that transform digital workplaces securely and create exceptional end-user experiences;

• Cloud and Infrastructure Solutions (C&I), which provides solutions that drive modern IT service platforms, cloud applications development, intelligent services, and cybersecurity services;

• Enterprise Computing Solutions (ECS), which provides solutions that harness secure, continuous high-intensity computing and enable digital services through software-defined operating environments.

During 2021, the company completed three acquisitions to accelerate its pace of innovation and capitalize on growing and evolving markets.

In June and November, the company acquired Unify Square, Inc.

and, the Mobinergy group of companies, respectively, to advance the company’s experience-focused Digital Workplace Solutions set and to deliver higher-value solutions to its clients.

In December, the company acquired CompuGain LLC to enhance the company’s delivery of rapid and agile cloud migration, application modernization and data value realization to its clients.

These acquisitions align with the company’s strategy to invest in capabilities that complement its core solutions.

Principal Products and Services

We deliver advanced IT solutions to clients in our primary target markets:

Government (national governments, other than directly to the U.S.

federal government, and state and local governments globally), Commercial (e.g., travel and transportation and life sciences and healthcare), and Financial Services (e.g., commercial and retail banking).

We market our products and solutions primarily through a direct sales force.

Unisys Corporation, a Delaware corporation (Unisys, we, our, or the company), is a global information technology (IT) solutions company that powers breakthroughs for the world’s leading organizations.

Our clients rely on us to help solve many of their toughest business and technology challenges in highly complex, regulated and heterogeneous environments.

From our origins dating back to 1873 through the formation of Unisys in 1986, we have built a legacy of innovation and a reputation of trust.

Our solutions and services are provided through scaled, global delivery platforms which allow us to execute large-scale, rapid technology migration and modernization projects.

We have a long track record of delivering and integrating solutions to simplify and accelerate digital transformation.

In recent decades, the rise of the internet and new online platforms has led to an accelerated shift of enterprise and government transactions and interactions with customers, suppliers, employees, and citizens to digital channels.

At the same time, market incumbents have been challenged by cloud-native competitors pushing the pace of innovation.

Businesses and governments are also facing rising costs and complexity of managing enterprise infrastructure, data, security, and compliance.

The COVID-19 pandemic and a rapid shift to hybrid and remote work models have amplified these challenges.

During this time, customers and employees have increasingly come to expect seamless and personalized digital experiences.

Unisys partners with clients to transform the mission-critical systems that support their daily operations in this rapidly evolving digital age.

In 2022, we launched our new Unisys brand, which marked the most significant brand transformation for the company since 1986.

Our new brand is all about progress and embodies our entrepreneurial spirit and the aspirations we help our clients achieve.

It is about Unisys being the catalyst that pushes people and organizations to break through to the next big innovation.

Our Services and Solutions

Our global clients look to us to provide independent advisement, quality solutions, and essential capabilities to ensure their mission-critical projects succeed.

Our services may be delivered through standalone solutions or integrated solutions that may incorporate proprietary Unisys products, a Unisys-managed service offering, and/or solutions of our trusted partners.

We regularly collaborate with Unisys Alliance Partners, our global network of channel and alliance partners, to develop new joint solution offerings and may build, market and co-sell these joint solutions with our partners.

Our organizational structure aligns with our clients’ evolving needs, reflected in the following reportable segments:

• Digital Workplace Solutions

• Cloud, Applications & Infrastructure Solutions

• Enterprise Computing Solutions

Digital Workplace Solutions (DWS)

We help clients shape the future of their workplace – in-office, remote, or hybrid – to help employees be more efficient and productive, which improves retention, collaboration, and company performance.

We advise and execute the deployment, integration and management of enterprise technologies, applications, and data-driven management to orchestrate a seamless workplace experience.

We classify our solutions within DWS as either “Modern Workplace” or “Traditional Workplace.”

• Modern Workplace .

Proactive, experience-based digital solutions that transform technology support, employee experience, communications & collaboration, and device management.

We modernize technology support through hybrid virtual desktop, device subscriptions, and next generation service desk solutions.

We also provide employee experience solutions by leveraging our Unisys Unified Experience Management platform that integrates a managed service offering with our proprietary software and artificial intelligence to centralize identification and support to remediate future issues before they occur.

We also deliver communications and collaboration solutions for management and optimization of unified communications and collaboration (UCC) applications with governance and policy enforcement without hindering employee productivity.

Lastly, we deploy third-party unified endpoint management solutions for our clients, enabling central device management across the entire lifecycle for smartphones, tablets, laptops, and internet of things devices.

• Traditional Workplace .

Convenient, efficient technology support services provided at scale.

Our solutions in areas such as traditional service desk, device management, and field services help clients elevate employee experience and productivity while simultaneously reducing the cost of support.

Cloud, Applications & Infrastructure Solutions (CA&I)

We accelerate digital transformation in the critical areas of cloud migration and management as well as application and infrastructure modernization.

Our solutions accelerate hybrid and multi-cloud adoption and help our clients leverage the flexibility and efficiency of the cloud to deliver business growth.

Our technologists also build customized enterprise applications that effectively address our clients’ needs with long-term support to manage and evolve applications over time.

Our CA&I offerings integrate cybersecurity services to deliver highly secure environments.

We classify our solutions within CA&I as either “Digital Platforms and Applications” or “Infrastructure.”

• Digital Platforms and Applications (DP&A) .

Next generation cloud solutions for modern applications, data and analytics, cloud management, hybrid infrastructure, and cyber security.

We transform and manage enterprise applications by deploying a range of capabilities to refactor, rebuild, or rearchitect legacy applications for cloud environments.

We accelerate cloud data and analytics with solutions for modernizing, migrating, and managing data to unlock powerful insights and drive business performance.

We deliver cloud management with services that monitor and manage complex cloud environments to control costs and uphold compliance.

We provide hybrid infrastructure solutions such as IT estate modernization and cloud migration to shed legacy technology.

Lastly, we help clients streamline security environments and meet rapidly evolving security challenges.

• Infrastructure .

Traditional technology infrastructure management solutions spanning design, implementation, monitoring, automation, and management of dedicated on-premises or hosted infrastructure.

Enterprise Computing Solutions (ECS)

We deliver high-intensity software-defined operating environments and solutions in the cloud, and on premise.

We partner with clients to evolve compute architectures as part of digital transformation in industries including financial services, travel and transportation, and telecommunications, among others.

We classify our solutions within ECS as either “License and Support” or “Specialized Services and Next-Gen Compute.”

• Specialized Services and Next-Gen Compute (SS&C) .

This includes enterprise applications development services, managed technology services, workflow-based industry solutions, and computing innovation to enable workload execution in diverse environments.

We provide application services that help clients overcome large-scale transformation challenges by modernizing legacy applications and ecosystems for clients utilizing both ClearPath Forward ® and competitor compute environments.

We deploy specialized industry solutions for workflow analytics and optimization (e.g., freight management and distribution for transportation clients).

We also help clients explore and diversify computing capabilities in areas including serverless, edge, and quantum computing.

• License and Support (L&S) .

This includes ClearPath Forward and other Unisys IP-related licenses and associated support services.

ClearPath Forward is a secure, scalable software operating environment for high-intensity enterprise computing.

Other Solutions

We also provide clients with a wide range and variety of micro-market and business process solutions.

Through local market-savvy teams, we enable mission critical functions spanning digital mortgage processing for financial services clients, integrated portfolio and investment management for clients with large capital investments, and data aggregation and presentation solutions for public and local law enforcement agencies, among other solutions.

These solutions often involve a high level of customization, automation, and in many cases, technology and knowledge that is proprietary to Unisys.

Many of our business process solutions clients seek to meet requirements for 24x7 operations or to increase business flexibility and operational efficiency through process automation, especially for high-volume or labor and time-intensive workflows.

Next-Gen Solutions

We classify our Modern Workplace, DP&A, SS&C and certain micro-market solutions as our “Next-Gen solutions,” which we believe provide us a competitive advantage within the marketplace.

These solutions serve fast-growing segments of the IT services market where we believe we deliver strong product and service differentiation.

These value-added solutions may incorporate advanced technologies such as artificial intelligence, machine learning, hyper-automation, or quantum computing and encryption, among others.

We believe our Next-Gen solutions create significant cross-sell and up-sell opportunities with our existing clients as well as attract new clients to the Unisys platform of services.

We plan to continue to invest in our Next-Gen solutions to develop and deliver innovative products and services to effectively support our clients on their business transformation and modernization journeys.

We have developed a portfolio of proprietary platforms, enterprise software and technology products that support the delivery of our primary solutions.

This ecosystem differentiates our offerings and may be sold as part of our solutions or, in some cases provided by our channel partners directly.

The primary elements of our proprietary ecosystem are:

• Unisys InteliServe TM .

An integrated suite of technologies for omnichannel support, advanced analytics, automation, artificial intelligence, machine learning and identity authentication that transforms traditional service desks into intelligent, user-centric experiences for the modern workplace.

• PowerSuite™

Communication and collaboration software that empowers enterprise IT teams to manage, optimize and secure multi-platform UCC environments from a unified set of dashboards.

PowerSuite integrates six key areas critical to UCC platform success:

user experience, administration and automation, governance, intelligent reporting, monitoring and security analytics.

• CloudForte ®

Available for hybrid and multi-cloud environments, CloudForte ® is a framework and platform that helps accelerate the secure movement of data and applications to the cloud, enhancing our CA&I capabilities.

It features an automated software-as-a-service platform to identify and provision private, public and hybrid cloud services, real-time analytics, and capabilities for industrial grade modernization of legacy applications.

• ClearPath Forward ®

A secure, scalable operating environment for high-intensity enterprise computing, ClearPath Forward ® is hardware-independent and provides a tested, integrated stack of software products that run on a range of modern, commonly-deployed Intel x86 server platforms and select virtualization environments.

Clients have the flexibility to deploy it either as an integrated system, as a private cloud via software services or in a public cloud, starting with Microsoft Azure.

Revenue from ClearPath Forward licenses and associated support services is reported within the ECS segment.

• Unisys Stealth ®

Unisys Stealth, a proprietary security software, enables trusted identities to access micro-segmented critical assets and safely communicate through encrypted channels.

It establishes user authentication, prevents lateral attacker movement and reduces data center, mobile and cloud attack surfaces.

Unisys Stealth ® reduces the cost and complexity of securing information and operation technology, allowing organizations to meet compliance and security mandates.

We market our products and solutions primarily through a direct sales force and a central marketing department focused on increasing awareness and visibility for our portfolio of services and solutions within the industry, including managing our relationships with industry analysts and consultants who can influence client decisions.

Complementing our direct sales force, we make use of a select group of resellers and alliance partners to market our services and product portfolio.

In many cases, we may jointly develop integrated solutions with our partners that we directly or jointly sell to our clients.

In certain countries, we market primarily through distributors.

Our principal services include digital workplace solutions, cloud and infrastructure solutions, enterprise computing solutions and business process solutions.

• In digital workplace solutions, we help our clients create the world’s leading digital workplace experiences by transforming their end-user experience to engage and retain employees;

increase collaboration and innovation;

and drive productivity and business growth.

• In cloud and infrastructure solutions, we help our clients achieve digital transformation by applying proven experience to solve the toughest business and technology challenges.

Our solutions accelerate hybrid and multi-cloud adoption and enable application modernization.

Our cybersecurity services drive more compliant and highly secure technology environments from strategy through implementation, operation and optimization.

• In enterprise computing solutions, we deliver high-intensity, cloud-based, software-defined operating environments and solutions.

We partner with clients to evolve compute architectures as part of digital transformation in industries ranging from financial services to travel and transportation to telecommunications.

In addition, we deliver a range of next-generation capabilities that make government service easily accessible and efficient, enable law enforcement to solve more cases in less time and enhance the integrity of our clients’ financial services processing and payment platforms.

Our clients and their customers benefit from proficient and effective 24x7 operations and continuous optimization of their mission-critical business processes.

We deliver these outcomes through platforms that include:

• Unisys InteliServe TM , a service solution that transforms traditional service desk into an intelligent, user-centric experience aligned with the needs of the modern digital workplace.

The service leverages the InteliServe platform, an integrated suite of technologies for omnichannel support, advanced analytics, automation, artificial intelligence, machine learning and identity authentication.

• Unisys CloudForte ® , a comprehensive suite of digital services to help accelerate the secure move of data and applications to the cloud.

The solution is available for hybrid and multi-cloud environments and includes the following features:

an automated software-as-a-service platform to identify and provision private, public and hybrid cloud services, real-time analytics, and capabilities for industrial-grade modernization of legacy applications.

• PowerSuite™ is our market-leading packaged software tool used by enterprise IT to monitor, analyze, troubleshoot and secure collaboration and communications multi-platform environments.

PowerSuite leverages patented AI/ML technology to proactively surface actionable insights and helps orchestrate and deliver effective, reliable and secure user experiences spanning both cloud and on-premises environments.

Leveraging the PowerSuite SaaS offering IT gains a real-time panoramic view of all collaboration and communications platforms, making it easy to troubleshoot and remediate infrastructure issues, benchmark the user experience both internally and externally and expedite responses to service interruptions and threats.

Our software products include:

• Unisys ClearPath Forward ® , a secure, scalable software operating environment for high-intensity enterprise computing capable of delivering Unisys security across multiple platforms.

The ClearPath Forward operating environment is hardware-independent and provides a tested, integrated stack of software products that run on a range of contemporary, commonly-deployed Intel x86 server platforms and select virtualization environments of the client’s choice.

Thus, ClearPath Forward provides clients with the flexibility to choose to deploy either as an integrated system, as a private cloud via software services or in a public cloud, starting with Microsoft Azure.

• Unisys Stealth ® security software, which enables trusted identities to access micro-segmented critical assets and safely communicate through secure, encrypted channels.

Stealth™ establishes user authentication, prevents lateral attacker movement and reduces data center, mobile and cloud attack surfaces and quickly isolates devices or users at the first sign of compromise.

Stealth also reduces the cost and complexity of securing information and operation technology such as industrial control systems, allowing organizations to meet compliance and security mandates.

Our industry solutions help law enforcement agencies solve crime;

social services case workers assist families;

travel and transportation companies manage freight and distribution;

and financial institutions deliver omnichannel banking.

Our direct sales force consists of a combination of global sales specialists focused on attracting new clients and cross-selling solutions, client specialists responsible for account retention and services growth, and client satisfaction and industry solution specialists responsible for supporting the specialized nature of some of our solutions and services within each of our segments.

To support collaboration and cross-selling across our global client teams, our incentive compensation structure is based on a combination of individual, operating segment, and overall company performance.

We also use a variety of shared commission structures to incentivize go-to-market collaboration.

The markets in which we operate are broad and rapidly evolving, encompassing a wide range of technologies, services and solutions aimed at helping organizations leverage technology to improve their operations and achieve their business objectives.

Organizations across the globe are harnessing technology to reimagine their businesses models and to create competitive advantages across the full spectrum of their businesses from how they interact with their clients and deliver products and services to how they develop and engage their employees.

In addition to the technical expertise required to implement digital

transformation efforts, our clients look to us for industry-specific subject matter expertise that will help them apply and implement our solutions to maximize the benefits.

We believe our portfolio of solutions is well-aligned with the markets we serve.

A few of the broader trends in the technology services and solutions market are as follows:

• Work of the Future .

Hybrid work has become the new standard of working.

However, organizations are challenged by the constantly evolving workforce dynamics and finding the right balance between flexibility, collaboration, corporate culture, employee morale, productivity, and financial results.

Organizations are urgently looking to technology solutions to help them facilitate a work-from-anywhere environment where collaboration, culture, and productivity are not sacrificed.

Unified communications as a service, modern device management, virtual desktop interface, and service desk proactive self-healing are just some of the technology organizations are implementing to enhance the overall workplace experience.

• Hybrid and Multi-Cloud adoption .

Organizations migrating workloads to the cloud are seeking flexibility in the form of hybrid and multi-cloud deployments.

This flexibility enables organizations to strike the most appropriate balance between resiliency, cost, scalability, and security for their data and applications.

Additionally, organizations expect their cloud service providers to understand their business model and industry and to provide a flavor of cloud implementation and application development that addresses specific challenges within the industries in which they operate.

• Proliferation of Data .

Due to advancements in technology and the widespread use of connected devices, social media, and the internet of things, vast amounts of data are being generated every day, and this trend is only expected to continue.

Next generation computing plays a crucial role in turning data into insights, as it provides the tools and infrastructure necessary for storing, processing, and analyzing large amounts of data.

Machine learning algorithms and artificial intelligence can be used to identify patterns and relationships within data sets, and natural language processing can be used to extract insights from unstructured text data.

• Process Automation .

In today’s economic environment, organizations are increasingly turning to technology solutions to automate repetitive, routine tasks and processes.

These solutions can take several forms - robotic process automation, artificial intelligence, or workflow automation - but they all center around improving efficiency and consistency, reducing costs, and reducing the amount of time employees spend on mundane, low-value tasks and processes.

• Cybersecurity remains a top priority .

Increased reliance on technology, growth of the internet, remote work adoption, increased cloud adoption, and the evolving sophistication of cyber attackers have all contributed to the proliferation of cyber-attacks.

Now more than ever, an organization’s security posture is critically important to its ongoing ability to operate successfully.

Organizations are placing a growing emphasis on end-to-end security, implementing cybersecurity solutions across the organizations from laptops, desktops, tablets, and sensors to servers, networks, and the cloud.

We deliver advanced IT solutions to some of the largest commercial and public sector clients around the world.

Our public sector clients primarily consist of state and local and non-U.S.

governments and agencies, as well as global not-for-profit organizations.

Overall, our commercial clients are well-diversified across sectors;

although certain of our industry computing and business process solutions have a more concentrated client base, particularly in the areas of travel and transportation, financial services, energy, and healthcare.

In 2022, no single client accounted for more than 10% of our revenue.

Competitive Landscape

We operate in a highly competitive market that is affected by rapid change in technology in the information services and technology industries.

We face competition from many domestic and foreign companies.

Our primary competitors are systems integrators, consulting and other professional services firms, outsourcing providers, infrastructure services providers, computer hardware manufacturers and software providers.

We compete primarily on the basis of service quality, product performance, technological innovation, price, and reputation, among other factors.

We believe that our continued investment in enhancing and expanding our Next-Gen solution portfolio through our build/partner/buy strategy, coupled with investment in our go-to-market capabilities, will have a favorable impact on our competitive position.

F or more information on the competitive risks we face, see “Risk Factors” (Part I, Item 1A of this Form 10-K).

Our growth strategy is focused on increasing the value we create for our clients, which we believe will ultimately enable us to achieve our financial objectives of improving our revenue growth, margins, and free cash flow.

We create value for our clients by delivering innovative solutions tailored to meet the needs of each client by leveraging our platforms and processes that include both internal products and technology that are either proprietary to Unisys or draw from best of breed solutions embedded in our partner ecosystem.

In that spirit, we continually evolve our solutions to enable our clients to continue making breakthroughs, optimizing their processes and furthering our mission to grow through our clients’ successes.

We are investing in increasing the awareness and penetration of our Next-Gen solutions in order to build relationships with analysts, third party advisors as well as new and existing clients to expand our relationships with all go-to-market parties.

We are also committed to growing our partner ecosystem to ensure we are able to deliver or integrate with the latest technology, applications, and platforms.

Our solutions are supported by our delivery organization, which provides comprehensive, mission-critical services that address the evolving needs of our clients who operate in complex, highly regulated industries worldwide.

We continually work to optimize our global workforce and delivery model, which is a critical component to achieving the speed and cost needs of our clients in today’s marketplace.

Finally, our associates are at the core of everything we do.

We are committed to developing, evolving and upskilling our global associate workforce as the catalysts that drive our ability to relentlessly reimagine the status quo.

Unisys purchases components and supplies from a number of suppliers around the world.

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As of January 31, 2023, Unisys owns over 455 active U.S.

patents and over 45 active patents granted in ten non-U.S.

patents and over 35 active patents granted in eight non-U.S.

jurisdictions.

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Unisys also maintains 24 U.S.

trademark and service mark registrations, and over 480 additional trademark and service mark registrations in seventy-four non-U.S.

trademark and service mark registrations, and over 340 additional trademark and service mark registrations in seventy non-U.S.

jurisdictions as of January 31, 2023.

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Seasonality generally has not resulted in material quarterly revenue changes.

No single client accounted for more than 10% of our revenue in the year ended December 31, 2021.

Changes in timing or terms of renewals from client to client can lead to fluctuations in software license revenue from period to period since accounting rules require that software license revenue be recognized when the license term begins.

At December 31, 2022, firm order backlog was $2.9 billion, compared to $3.0 billion at December 31, 2021.

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Although we believe that this backlog is firm, we may, for commercial reasons, allow the orders to be canceled, with or without penalty.

Our business is affected by rapid change in technology in the information services and technology industries and aggressive competition from many domestic and foreign companies.

Principal competitors are systems integrators, consulting and other professional services firms, outsourcing providers, infrastructure services providers, computer hardware manufacturers and software providers.

We compete primarily on the basis of service, product performance, technological innovation, and price.

We believe that our continued focused investment in enhancing and expanding our solution portfolio through our build/partner/buy strategy , coupled with investment in our go-to-market capabilities, will have a favorable impact on our competitive position.

F or more information on the competitive risks we face, see “Risk Factors” (Part I, Item 1A of this Form 10-K).

Environmental Matters

Our capital expenditures, earnings and competitive position have not been materially affected by compliance with federal, state and local laws regulating the protection of the environment.

Capital expenditures for environmental control facilities are not expected to be material in 2022 and 2023.

Human Capital

At December 31, 2021, the company employed approximately 16,300 professionals of which 18% are located in the United States and 82% are located in other countries around the world.

At December 31, 2022, we employed approximately 16,200 professionals, of which 16% are located in the United States and 84% are located in other countries around the world.

Our associates ensure our success, and we are committed to providing a productive, ethical, diverse and safe working environment for each and every one of them.

We welcome associates of all ethnicities, races, ages, religions, abilities, genders and sexual orientations.

We welcome qualified associates and do not discriminate on any legally protected characteristics.

We are committed to our culture of Diversity, Equity and Inclusion (DEI) not only as the “right thing to do,” but also as a business imperative.

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Based on our continued efforts to improve diverse representation, women now make up 33% of our workforce globally and associates from Underrepresented Ethnic Groups (UREG) make up 31% within the U.S.

Although we are proud of our progress, there is more work to do to build a more diverse workforce.

Although we are proud of our progress, the ultimate goal is to create a belonging culture, and we continue to focus on efforts to increase the diverse representation in our workforce.

In addition to our efforts focused on representation, understanding our associates’ perspectives and experiences - their engagement - is critical to our success.

Each year we measure associate engagement and develop action plans to improve based on feedback.

This year, more than 80% of our associates participated in the survey with 7 out of 10 associates indicating they are engaged.

Fostering an inclusive culture is a key component of engagement and 80% of associates indicated they “feel comfortable being themselves at work.” Our DEI initiatives are supported by our Inclusion and Diversity Council, which consists of 20 associates from around the world and includes several working groups that focus on specific aspects of issues including diversity, race and ethnicity, disability and gender equity.

The Inclusion and Diversity Council’s vision is to build and nurture a better, more inclusive culture at Unisys.

Since 2020, the Council has sponsored multiple new Associate Impact Groups, which are associate-led groups that provide support, career development, and professional networking for their members.

The company recognizes that continuous learning and professional development are key factors in our success.

We offer a range of development programs and opportunities that focus on leadership/management, information technology skills, regulatory compliance, diversity, anti-harassment, ethics, cybersecurity, ethics and more.

This year, more than 80% of our associates participated in the survey with 75% of participating associates indicating they are engaged.

Fostering an inclusive culture is a key component of engagement and 81% of participating associates indicated they “feel comfortable being themselves at work.” Our DEI initiatives are supported by our Diversity, Equity and Inclusion Council, which consists of more than 15 associates from around the world who work to ensure that the DEI strategy truly reflects the needs of our associates.

Since 2020, we have launched several Associate Impact Groups, which are associate-led groups that provide support, career development, and professional networking for their members.

These groups focus mainly on underrepresented groups at Unisys and are centered on gender, race and ethnicity, LGBTQ+, veterans and people with disabilities.

We recognize that continuous learning and professional development are key factors for our success.

We offer a range of development programs and opportunities that focus on leadership/management, digital transformation skills, information technology skills, cybersecurity, regulatory compliance, diversity, anti-harassment, ethics and more.

We are committed to the health, safety, and wellness of our employees.

We provide our associates a wide range of offerings in this regard through a range of benefits and resources including health and welfare benefits, flexible time-off and employee assistance programs.

Our safety programs include education, safe work practice guides, monitoring, and corrective actions to make sure that we are keeping every associate safe.

In addition, we regularly conduct compliance validation reviews and use third-party assessments at our locations to ensure compliance to established company best practices and country-specific environmental, health, and safety regulations.

In fact, we have maintained a perfect safety record over the past decade with zero violations of environmental, health or safety regulations.

We also promote a culture of ethics and integrity through our Code of Ethics and Business Conduct, policies, and training and all associates must adhere to the company’s Code.

We provide our associates a wide range of offerings through a range of benefits and resources including health and welfare benefits, flexible time-off and employee assistance programs.

We also promote a culture of ethics and integrity through our Code of Ethics and Business Conduct, policies, and training and all associates must adhere to our Code.

We assess risk using data analytics, an annual risk assessment, investigations, and other compliance-related initiatives.

Available Information

Our Investor web site is located at www.unisys.com/investor.

Through our web site, we make available, free of charge, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as soon as reasonably practicable after this material is electronically filed with or furnished to the U.S.

We also make available on our web site our Guidelines on Significant Corporate Governance Issues, the charters of the Audit and Finance Committee, Compensation and Human Resources Committee, Nominating and Corporate Governance Committee and Security and Risk Committee of our board of directors, and our Code of Ethics and Business Conduct.

Our investor website is located at www.unisys.com/investor.

Through our website, we make available, free of charge, our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as soon as reasonably practicable after this material is electronically filed with or furnished to the U.S.

We also make available on our website our Guidelines on Significant Corporate Governance Issues, the charters of the Audit and Finance Committee, Compensation and Human Resources Committee, Nominating and Corporate Governance Committee and Security and Risk Committee of our board of directors, and our Code of Ethics and Business Conduct.

This information is also available in print to stockholders upon request.

We do not intend for information on our web site to be part of this Annual Report on Form 10-K.

We do not intend for information on our website to be part of this Annual Report on Form 10-K.

INFORMATION ABOUT OUR EXECUTIVE OFFICERS

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Altabef 63 Chair and Chief Executive Officer

Thomson 53 Executive Vice President and Chief Financial Officer

Thomson 54 President and Chief Operating Officer

Debra McCann 50 Executive Vice President and Chief Financial Officer

Dwayne Allen 61 Senior Vice President, Solution Innovation and Architecture and Chief Technology Officer

Katie Ebrahimi 53 Senior Vice President and Chief Human Resources Officer

Kenney 70 Senior Vice President, General Counsel and Secretary

Lisa Madion 51 Senior Vice President, Corporate Services

Matthew Newfield 50 Senior Vice President and Chief Security and Infrastructure Officer

Teresa Poggenpohl 61 Senior Vice President and Chief Marketing Officer

Claudius Sokenu 55 Senior Vice President, General Counsel and Secretary and Chief Administrative Officer

Shalabh Gupta 61 Vice President and Treasurer

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There is no family relationship among any of the above-named executive officers.

The By-Laws provide that the officers of Unisys shall be elected annually by the Board of Directors and that each officer shall hold office for a term of one year and until a successor is elected and qualified, or until the officer’s earlier resignation or removal.

Our Corporate By-Laws provide that the officers of Unisys shall be elected annually by the Board of Directors and that each officer shall hold office for a term of one year and until a successor is elected and qualified, or until the officer’s earlier resignation or removal.

Altabef has served as Chair of the Board of Directors since 2018 and as Chief Executive Officer since 2015.

He also served as President of the Company from 2015 to March 2020 and as President since December 2021.

He also served as President of the Company from 2015 to March 2020 and from December 2021 to May 2022.

Prior to joining Unisys in 2015, Mr.

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was acquired by Oracle Corporation.

He previously served as President and Chief Executive Officer of Perot Systems Corporation from 2004 until 2009, when Perot Systems was acquired by Dell, Inc.

He previously served as President and Chief Executive Officer, and a member of the board of directors, of Perot Systems Corporation from 2004 until 2009, when Perot Systems was acquired by Dell, Inc.

Thereafter, Mr.

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Altabef is a member of the Boards of Directors of NiSource Inc.

and Petrus Trust Company, L.T.A., and the Board of Merit Energy Company, LLC, a member of the President’s National Security Telecommunications Advisory Committee, where he has served as co-chair of its Cybersecurity Moonshot subcommittee, and a trustee of the Committee for Economic Development (CED) of The Conference Board, where he serves as co-chair of the CED’s Technology and Innovation Committee.

and Petrus Trust Company, L.T.A., and the Advisory Board of Merit Energy Company, LLC.

He is also a member of the President’s National Security Telecommunications Advisory Committee, where he has served as co-chair of its Cybersecurity Moonshot subcommittee, and a trustee of the Committee for Economic Development (CED) of The Conference Board, where he serves as co-chair of the CED’s Technology and Innovation Committee.

He previously served as Senior Advisor to 2M Companies, Inc.

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Altabef has been an executive officer since 2015.

Thomson has been Chief Financial Officer since 2019 and has served as Executive Vice President since April 2021 after having served as Senior Vice President since 2019.

Upon the hiring of a new Chief Financial Officer, Mr.

Thomson will become President and Chief Operating Officer of the company.

Prior to becoming Chief Financial Officer, Mr.

Thomson has been President and Chief Operating Officer since May 2022.

Prior to this role, Mr.

Thomson served as Chief Financial Officer since 2019 and as Executive Vice President since 2021 after having served as Senior Vice President since 2019.

Thomson served as Vice President and Corporate Controller from 2015 to 2019.

1 unchanged sentence

from 2010 until 2015, and he previously held the same position at Towers Perrin from 2007 until the consummation of that firm’s merger with Watson Wyatt in 2010.

He also served as principal accounting officer of Towers Watson from 2012 until October 2015.

He also served as principal accounting officer of Towers Watson from 2012 until 2015.

Prior to that, Mr.

3 unchanged sentences

Thomson has been an executive officer since 2015.

Allen has been Senior Vice President, Solution Innovation and Architecture and Chief Technology Officer since April 2021.

McCann has been Executive Vice President and Chief Financial Officer since May 2022.

Prior to joining Unisys, Ms.

McCann was at Dun & Bradstreet, Inc.

from 2009 until 2022, where she most recently served as Treasurer and Senior Vice President, Investor Relations and Corporate Financial Planning and Analysis from 2020 to 2022.

Prior to Dun & Bradstreet, Ms.

McCann held leadership roles at Cegedim and AT&T, Inc.

McCann has been an executive officer since May 2022.

Allen has been Senior Vice President, Solution Innovation and Architecture and Chief Technology Officer since 2021.

Prior to joining Unisys, Mr.

4 unchanged sentences

Allen began his career at Marriott International.

Allen has been an executive officer since April 2021.

Allen has been an executive officer since 2021.

Ebrahimi has been Senior Vice President and Chief Human Resources Officer since 2018.

5 unchanged sentences

Ebrahimi has been an executive officer since 2018.

Kenney has been Senior Vice President, General Counsel and Secretary since 2013.

Prior to joining Unisys, he had been with NEC Corporation of America, the North American subsidiary of global technology company NEC Corporation, since

1999, serving most recently as Senior Vice President, General Counsel and Corporate Secretary (2004-2013).

Kenney has been an executive officer since 2013.

Kenney will be leaving the company effective March 31, 2022.

Madion has been Senior Vice President, Corporate Services since January 2021.

Madion served as Vice President, Global Operations and Strategy for Enterprise Solutions from 2016 to December 2020 after joining Unisys in 2015 as Director of Operations, Strategy and Planning for the U.S.

and Canada region of the Enterprise Solutions organization.

Prior to joining Unisys, she was Chief of Staff for the Travel and Transportation organization of Dell Services, and Chief of Staff for the Technical Sales Specialist team in Dell’s Infrastructure, Cloud and Computing line of business.

Prior to that, Ms.

Madion held other management roles at Dell Services with increasing responsibilities.

Madion has been an executive officer since January 2021.

Newfield has been Senior Vice President and Chief Security and Infrastructure Officer since January 2021.

Newfield joined Unisys in 2018 as Chief Information Security Officer.

Newfield currently serves on the Board of Directors of the National Technology Security Coalition.

Prior to joining Unisys, he was Director of Global Managed Security Services for IBM and was the Business Unit Information Security Officer and Global Process Officer for IBM’s Security Services Organization from 2014 to 2018.

Prior to IBM, Mr.

Newfield held senior security leadership roles at Cybertrust, RSA and DDC Advocacy.

Newfield has been an executive officer since January 2021.

Poggenpohl has been Senior Vice President and Chief Marketing Officer since May 2021.

Prior to joining Unisys, Ms.

Poggenpohl ran a consulting firm, Poggenpohl Consulting, which she founded in 2020.

Poggenpohl has been Senior Vice President and Chief Marketing Officer since 2021.

Prior to joining Unisys, she ran a consulting firm, Poggenpohl Consulting, which she founded in 2020.

Poggenpohl served as the Chief Marketing and Communications Officer for North America at Accenture from 2017 to 2020.

1 unchanged sentence

Poggenpohl held senior leadership positions within Accenture for more than twenty years.

Poggenpohl has been an executive officer since May 2021.

Poggenpohl has been an executive officer since 2021.

Sokenu has been Senior Vice President, General Counsel and Secretary since May 2022 and Chief Administrative Officer since October 2022.

Prior to joining Unisys, he served as Senior Vice President, Global Deputy General Counsel and Chief of Staff to the General Counsel at Cognizant Technology Solutions Corporation from 2020 to 2022.

Prior to that, Mr.

Sokenu served as Deputy General Counsel, Global Head of Litigation, Investigations, and Ethics & Compliance at Andeavor.

Prior to going in-house, Mr.

Sokenu was an equity partner with two AmLaw 100 law firms, Shearman & Sterling LLP and Arnold & Porter LLP, and an associate and partner at Mayer Brown.

Earlier in his career, he served in the Honors Program at the U.S.

Securities and Exchange Commission’s Division of Enforcement, first as a staff attorney before concluding his government service as senior counsel.

Sokenu has been an executive officer since May 2022.

Gupta has been Vice President and Treasurer since 2017.

5 unchanged sentences

Gupta has been an executive officer since 2017.

Mannix has been Vice President, Chief Accounting Officer and Corporate Controller since December 2021.

Mannix joined the company in September 2018 as Global Assistant Controller and was elected Vice President and Corporate Controller in December 2019.

Mannix has been Vice President, Chief Accounting Officer and Corporate Controller since 2021.

Mannix joined the company in 2018 as Global Assistant Controller and was elected Vice President and Corporate Controller in 2019.

Prior to joining Unisys, she served as Head of Risk & Compliance Finance at FIS, an international provider of financial services technology and outsourcing services, from 2015 to 2018.

4 unchanged sentences

Mannix was an auditor at Grant Thornton LLP and a staff accountant at Haefele Flanagan.

Mannix has been an executive officer since December 2021.

Mannix has been an executive officer since 2021.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business