Yes, The link clearly explains in "Executive Summary" that

"A remote code execution vulnerability exists when the Windows Print Spooler service improperly performs privileged file operations. An attacker who successfully exploited this vulnerability could run arbitrary code with SYSTEM privileges. An attacker could then install programs; view, change, or delete data; or create new accounts with full user rights."

and windows Server 2012, 2016 and Win 10, Version 1607 have been released, and needs to install these update.

for all other in conversation please go through the link and take necessary steps by verifying your current windows security updates table.