Under the terms of the settlement, Deason will get 180,000 shares of Xerox’s preferred stock and 120,000 preferred shares of Conduent.

Deason owns 6.1% of Xerox stock and is the company’s largest individual investor and fourth-largest overall, according to Thomson Reuters data.

The Conduent business includes the operations of Dallas-based Affiliated Computer Services, the company that Deason founded and that was acquired by Xerox for $6.4 billion in 2010.