Amendment: SEC Form SC 13G/A filed by Rackspace Technology Inc.

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SC 13G/A 1 tm2428091d4_sc13ga.htm SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Amendment No. 4)*

 

Under the Securities Exchange Act of 1934
 

 

Rackspace Technology, Inc.

 

(Name of Issuer)
 

 

Common stock, par value $0.01 per share

 

(Title of Class of Securities)
 

 

750102105

 

(CUSIP Number)
 
  September 30, 2024  
(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AP Inception Co-Invest ML Borrower, L.P.

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

 69,609,000

 

7  sole dispositive power

 

 0 shares

 

8 

shared dispositive power

 

69,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

69,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

30.8%

 

12  type of reporting person (See Instructions)

 

PN

 

 

2 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AP Inception ML Borrower, L.P.

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

60,000,000 shares

 

7  sole dispositive power

 

 0 shares

 

8 

shared dispositive power

 

60,000,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

60,000,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

26.5%

 

12  type of reporting person (See Instructions)

 

PN

 

 

3 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AP Inception Co-Invest GP, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

69,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

69,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

69,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

30.8%

 

12  type of reporting person (See Instructions)

 

OO

 

 

4 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AP Inception Co-Invest ML GP, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

69,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

69,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

69,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

30.8%

 

12  type of reporting person (See Instructions)

 

OO

 

 

5 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Apollo Co-Investment Management, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

69,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

69,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

69,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

30.8%

 

12  type of reporting person (See Instructions)

 

OO

 

 

6 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AP Inception ML GP, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

60,000,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

60,000,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

60,000,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

26.5%

 

12  type of reporting person (See Instructions)

 

OO

 

 

7 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AP VIII Inception Holdings GP, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

60,000,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

60,000,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

60,000,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

26.5%

 

12  type of reporting person (See Instructions)

 

OO

 

 

8 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Apollo Management VIII, L.P.

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

60,000,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

60,000,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

60,000,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

26.5%

 

12  type of reporting person (See Instructions)

 

PN

 

 

9 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

AIF VIII Management, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

60,000,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

60,000,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

60,000,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

x
11  percent of class represented by amount in row (9)

 

26.5%

 

12  type of reporting person (See Instructions)

 

OO

 

 

10 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Apollo Management, L.P.

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

129,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

129,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

129,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11  percent of class represented by amount in row (9)

 

57.3%

 

12  type of reporting person (See Instructions)

 

PN

 

 

11 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Apollo Management GP, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

129,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

129,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

129,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11  percent of class represented by amount in row (9)

 

57.3%

 

12  type of reporting person (See Instructions)

 

OO

 

 

12 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Apollo Management Holdings, L.P.

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

129,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

129,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

129,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11  percent of class represented by amount in row (9)

 

57.3%

 

12  type of reporting person (See Instructions)

 

PN

 

 

13 

 

 

CUSIP No. 750102105    

 

1 

Name of Reporting PersonS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

Apollo Management Holdings GP, LLC

 

2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

 

(a) ¨

 

(b) ¨

3 

SEC USE ONLY

 

 

4 

CITIZENship or place of organization

 

Delaware

 

NUMBER OF SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH:
5  sole voting power

 

0 shares

 

6  shared voting power

 

129,609,000 shares

 

7  sole dispositive power

 

0 shares

 

8 

shared dispositive power

 

129,609,000 shares

 

9  aggregate amount beneficially owned by each reporting person

 

129,609,000 shares

 

10 

check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

¨
11  percent of class represented by amount in row (9)

 

57.3%

 

12  type of reporting person (See Instructions)

 

CO

 

 

14 

 

 

Item 1. (a) Name of Issuer

 

Rackspace Technology, Inc.

 

(b)Address of Issuer’s Principal Executive Offices

 

1 Fanatical Place

City of Windcrest

San Antonio, Texas 78218

 

Item 2.(a) Name of Person Filing

 

This statement is filed by (i) AP Inception Co-Invest ML Borrower, L.P. (“AP Co-Invest Borrower”); (ii) AP Inception ML Borrower, L.P. (“AP Borrower”); (iii) AP Inception Co-Invest GP, LLC (“AP Co-Invest”); (iv) AP Inception Co-Invest ML GP, LLC (“AP Co-Invest ML”); (v) Apollo Co-Investment Management, LLC (“Co-Investment Management”); (vi) AP Inception ML GP, LLC; (vii) AP VIII Inception Holdings GP, LLC (“AP VIII”); (viii) Apollo Management VIII, L.P. (“Management VIII”); (ix) AIF VIII Management, LLC (“AIF VIII LLC”); (x) Apollo Management, L.P. (“Apollo Management”); (xi) Apollo Management GP, LLC (“Management GP”); (xii) Apollo Management Holdings, L.P. (“Management Holdings”); and (xiii) Apollo Management Holdings GP, LLC (“Management Holdings GP”). The foregoing are collectively referred to herein as the “Reporting Persons.”

 

AP Co-Invest Borrower and AP Borrower each hold securities of the Issuer.

 

AP Co-Invest is the sole member of AP Co-Invest ML, which is the general partner of AP Co-Invest Borrower. AP VIII is the sole member of AP Inception ML GP, LLC, which is the general partner of AP Borrower. Management VIII is the manager of AP VIII. AIF VIII LLC is the general partner of Management VIII. Co-Investment Management is the manager of AP Co-Invest.

 

Apollo Management is the sole member-manager of each of Co-Investment Management and AIF VIII LLC. Management GP is the general partner of Apollo Management. Management Holdings is the sole member and manager of Management GP. Management Holdings GP is the general partner of Management Holdings.

 

(b)Address of Principal Business Office or, if none, Residence

 

The address of the AP Co-Invest Borrower, AP Borrower, AP Co-Invest, AP Co-Invest ML, Co-Investment Management, AP Inception ML GP, LLC, and AP VIII is 100 West Putnam Avenue, Greenwich, Connecticut 06830. The address of each of Management VIII, AIF VIII LLC, Apollo Management, Management GP, Management Holdings and Management Holdings GP is 9 West 57th Street, 41st Floor, New York, New York 10019.

 

15 

 

 

(c)Citizenship

 

AP Co-Invest Borrower, AP Borrower, AP Co-Invest, Management VIII, Apollo Management, and Management Holdings are each Delaware limited partnerships. AP Co-Invest ML, Co-Investment Management, AP Inception ML GP, LLC, AP VIII, AIF VIII LLC, Management GP, and Management Holdings GP are each Delaware limited liability companies.

 

(d)Title of Class of Securities

 

Common stock, par value $0.01 per share (the “Common Stock”).

 

(e)CUSIP Number

 

750102105

 

Item 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

Item 4.Ownership.

 

Beneficial ownership information is reported as of September 30, 2024.

 

(a)Amount beneficially owned:

 

AP Co-Invest Borrower   69,609,000 
AP Borrower   60,000,000 
AP Co-Invest   69,609,000 
AP Co-Invest ML   69,609,000 
Co-Investment Management   69,609,000 
AP Inception ML GP, LLC   60,000,000 
AP VIII   60,000,000 
Management VIII   60,000,000 
AIF VIII LLC   60,000,000 
Apollo Management   129,609,000 
Management GP   129,609,000 
Management Holdings   129,609,000 
Management Holdings GP   129,609,000 

 

AP Co-Invest, AP Co-Invest ML, Co-Investment Management, AP Inception ML GP, LLC, AP VIII, Management VIII, AIF VIII LLC, Apollo Management, Management GP, Management Holdings, and Management Holdings GP, and Messrs. Scott Kleinman, James Zelter, and Marc Rowan, the managers, as well as executive officers, of Management Holdings GP, each disclaim beneficial ownership of all shares of Common Stock included in this filing, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

 

16 

 

 

(b)Percent of class:

 

AP Co-Invest Borrower   30.8%
AP Borrower   26.5%
AP Co-Invest   30.8%
AP Co-Invest ML   30.8%
Co-Investment Management   30.8%
AP Inception ML GP, LLC   26.5%
AP VIII   26.5%
Management VIII   26.5%
AIF VIII LLC   26.5%
Apollo Management   57.3%
Management GP   57.3%
Management Holdings   57.3%
Management Holdings GP   57.3%

 

The percentages are based on 226,032,947 shares of Common Stock outstanding as of August 5, 2024, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed on August 9, 2024.

 

(c)Number of shares as to which the person has:

 

(i)Sole power to vote or to direct the vote:

 

0 for all Reporting Persons

 

(ii)Shared power to vote or to direct the vote:

 

AP Co-Invest Borrower   69,609,000 
AP Borrower   60,000,000 
AP Co-Invest   69,609,000 
AP Co-Invest ML   69,609,000 
Co-Investment Management   69,609,000 
AP Inception ML GP, LLC   60,000,000 
AP VIII   60,000,000 
Management VIII   60,000,000 
AIF VIII LLC   60,000,000 
Apollo Management   129,609,000 
Management GP   129,609,000 
Management Holdings   129,609,000 
Management Holdings GP   129,609,000 

 

(iii)Sole power to dispose or to direct the disposition of:

 

0 for all Reporting Persons

 

(iv)Shared power to dispose or to direct the disposition of:

 

AP Co-Invest Borrower   69,609,000 
AP Borrower   60,000,000 
AP Co-Invest   69,609,000 
AP Co-Invest ML   69,609,000 
Co-Investment Management   69,609,000 
AP Inception ML GP, LLC   60,000,000 
AP VIII   60,000,000 
Management VIII   60,000,000 
AIF VIII LLC   60,000,000 
Apollo Management   129,609,000 
Management GP   129,609,000 
Management Holdings   129,609,000 
Management Holdings GP   129,609,000 

 

17 

 

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ¨

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

 

Not applicable.

 

Item 8.Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9.Notice of Dissolution of Group.

 

Not applicable.

 

Item 10.Certification.

 

Not applicable.

 

[The remainder of this page is intentionally left blank.]

 

18 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: November 14, 2024

 

  AP Inception Co-Invest ML Borrower, L.P.
   
  By: AP Inception Co-Invest ML GP, LLC,
    its general partner
   
    By: AP Inception Co-Invest GP, LLC,
      its sole member
   
      By: /s/ James Elworth
      Name: James Elworth
      Title: Vice President
   
   
  AP Inception ML Borrower, L.P.
   
  By: AP Inception ML GP, LLC,
    its general partner
   
    By: AP VIII Inception Holdings GP, LLC,
      its sole member
   
      By: /s/ James Elworth
      Name: James Elworth
      Title: Vice President
   
   
  AP Inception Co-Invest GP, LLC
   
  By: /s/ James Elworth
  Name: James Elworth
  Title: Vice President
   
   
  AP Inception Co-Invest ML GP, LLC
   
  By: AP Inception Co-Invest GP, LLC,
    its sole member
   
    By: /s/ James Elworth
    Name: James Elworth
    Title: Vice President

 

19 

 

 

  Apollo Co-Investment Management, LLC
   
  By: /s/ James Elworth
  Name: James Elworth
  Title: Vice President
   
  AP INCEPTION ML GP, LLC
   
  By: AP VIII Inception Holdings GP, LLC,
    its sole member
   
    By: /s/ James Elworth
    Name: James Elworth
    Title: Vice President
   
  AP VIII Inception Holdings GP, LLC
   
  By: /s/ James Elworth
  Name: James Elworth
  Title: Vice President
   
  APOLLO MANAGEMENT VIII, L.P.
   
  By: AIF VIII Management, LLC,
    its general partner
   
    By: /s/ James Elworth
    Name: James Elworth
    Title: Vice President
   
  AIF VIII MANAGEMENT, LLC
   
  By: /s/ James Elworth
  Name: James Elworth
  Title: Vice President
   
  APOLLO MANAGEMENT, L.P.
   
  By: Apollo Management GP, LLC,
    its general partner
   
    By: /s/ James Elworth
    Name: James Elworth
    Title: Vice President
   

20 

 

 

  APOLLO MANAGEMENT GP, LLC
   
  By: /s/ James Elworth
  Name: James Elworth
  Title: Vice President
   
  APOLLO MANAGEMENT HOLDINGS, L.P.
   
  By: Apollo Management Holdings GP, LLC,
    its general partner
   
    By: /s/ James Elworth
    Name: James Elworth
    Title: Vice President
   
  APOLLO MANAGEMENT HOLDINGS GP, LLC
   
  By: /s/ James Elworth
  Name: James Elworth
  Title: Vice President

 

21 

 

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Recent Analyst Ratings for
$RXT

DatePrice TargetRatingAnalyst
11/7/2023$1.40Neutral
UBS
9/19/2023$3.50Mkt Perform → Outperform
Raymond James
7/25/2023$1.25 → $1.50Neutral → Sell
Citigroup
10/11/2022$9.00 → $5.00Outperform → In-line
Evercore ISI
8/16/2022$7.00 → $5.00Neutral → Underweight
JP Morgan
8/11/2022$9.00 → $7.00Outperform → Sector Perform
RBC Capital Mkts
8/10/2022Outperform → Mkt Perform
William Blair
8/10/2022Outperform → Mkt Perform
Raymond James
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$RXT
Press Releases

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  • Rackspace Technology to Announce First Quarter 2025 Earnings on May 8, 2025

    SAN ANTONIO, April 15, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter 2025 financial results after the market closes on Thursday, May 8, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 8, 2025) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology Launches OpenStack Flex Delivering Simple, Secure, Enterprise-grade On-demand Cloud Services

    SAN ANTONIO, April 10, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid and AI solutions company, today announced the launch of Rackspace OpenStack Flex, an Enterprise-ready, on-demand, shared cloud service providing secure and open Infrastructure-as-a-Service (IaaS). Rackspace OpenStack Flex service includes 24x7 expert support and fully monitored and maintained infrastructure to facilitate adoption and ongoing applications operations, helping to bridge the gap between dedicated and multi-tenant cloud solutions. "Rackspace OpenStack Flex makes managing workloads across the hybrid cloud landscape easier than ever. With our unified OpenStack-powered

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    Computer Software: Programming Data Processing
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  • Rackspace Technology Announces Rackspace AI Business, A Comprehensive AI-Ready Platform Engineered to Optimize Enterprise AI Workloads

    SAN ANTONIO, March 25, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced Rackspace AI Business, a versatile, secure and high-performance AI-optimized hybrid cloud platform that targets customers with AI training and inferencing requirements to unlock the full potential of AI.  In today's rapidly evolving business landscape, enterprises face unprecedented challenges in deploying and scaling their AI initiatives. The complexity of managing AI workloads across diverse environments, coupled with the need for specialized infrastructure and expertise, has become a significant barrier to realizing the full pot

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$RXT
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$RXT
Insider Purchases

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Insider Trading

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Leadership Updates

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  • Investor Group Announces Slate of Highly Qualified, Independent Director Candidates and Proposed Management Team for Norfolk Southern Corporation

    Introduces Eight-Member Slate with Deep Experience in Governance, Finance, Legislative and Regulatory Affairs, Strategic Transformations, Transportation and the Railroad Sector Proposes Jim Barber, a Proven Transportation Network Leader and Former Executive at UPS, as CEO and Jamie Boychuk, a Career Railroader and Former Executive at CSX, as COO Introduces "Network of the Future" Strategy Offering Path to Significant Value Creation Releases Presentation Entitled "The Case for Leadership, Safety and Strategy Changes at Norfolk Southern" That is Downloadable at www.MoveNSCForward.com Ohio-based Ancora Holdings Group, LLC, its affiliates and the other participants in its solicitation (

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  • Rackspace Technology Appoints Experienced and Seasoned Executive Mark Gross to Board of Directors

    SAN ANTONIO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid, multicloud technology solutions company, today announced the appointment of Mark Gross to its Board of Directors. Gross is an experienced and dynamic leader with over 25 years of broad-based experience, financial expertise, and deep insight into leading business transformations. Gross succeeds Thomas Cole, who unexpectedly passed away over the recent holiday season. "We were fortunate to find Mark, a seasoned executive with financial expertise and broad business experience to complement our current Board. We look forward to his guidance, helping to further solidify our market po

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    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology Promotes Mark Marino to Chief Financial Officer

    SAN ANTONIO, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end, hybrid multicloud technology solutions company, today announced the appointment of Mark Marino as Chief Financial Officer (CFO), effective immediately. Marino previously served as the Company's Chief Accounting Officer and succeeds Naushaza "Bobby" Molu. Molu resigned his position to pursue a new opportunity in the UK, where he resides. He will remain with Rackspace Technology in an advisory role through late February to ensure a seamless transition. "I am delighted to welcome Mark as our CFO," said Amar Maletira, Chief Executive Officer. "Having worked with Mark since I joined Rackspa

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    Computer Software: Programming Data Processing
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$RXT
Financials

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  • Rackspace Technology to Announce First Quarter 2025 Earnings on May 8, 2025

    SAN ANTONIO, April 15, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT), a leading end-to-end hybrid cloud and AI solutions company, today announced that it will release its first quarter 2025 financial results after the market closes on Thursday, May 8, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (May 8, 2025) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news

    $RXT
    Computer Software: Programming Data Processing
    Technology
  • Rackspace Technology Reports Fourth Quarter and Full Year 2024 Results

    Fourth Quarter Revenue of $686 million, down 5% Year-over-Year; 2024 Revenue of $2,737 million, down 7% Year-over-YearFourth Quarter Private Cloud Revenue of $269 million, down 6% Year-over-Year; 2024 Private Cloud Revenue of $1,055 million, down 13% Year-over-YearFourth Quarter Public Cloud Revenue of $417 million, down 4% Year-over-Year; 2024 Public Cloud Revenue of $1,683 million down 3% Year-over-YearFourth Quarter Cash Flow From Operating Activities of $54 million SAN ANTONIO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology, Inc. (NASDAQ:RXT), a leading end-to-end, hybrid cloud and AI solutions company, today announced results for its fourth quarter and year ended December

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    Computer Software: Programming Data Processing
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  • Rackspace Technology to Announce Fourth Quarter 2024 Earnings on February 20, 2025

    SAN ANTONIO, Texas, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ:RXT) a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced that it will release its fourth quarter 2024 financial results after the market closes on Thursday, February 20, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (February 20, 2025) at 5:00 PM ET to discuss the Company's financial results. Interested parties may access the conference call as follows: To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following

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    Computer Software: Programming Data Processing
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$RXT
Large Ownership Changes

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