Risk Factors Update Summary
- The Merger Agreement with Principal Stockholders may result in significant costs and expenses. The agreement values outstanding shares at $12.75 and $14.35 per share.
- The Company increased integrated solutions to over 80 HCM systems and ATS, with 55 integrated solutions and 50% order volume flow through these systems.
- The Company's consolidated assets at December 31, 2023, were 73% goodwill and intangible assets, down from 79% in 2022.
- The Company made the first annual payment under the TRA in February 2024, amounting to $27.2 million.
- The Company had an aggregate of $750 million outstanding under the Amended First Lien Term Loan Facility as of December 31, 2023, up from $699 million in 2022.
- The Company had a total liability of $211.5 million in connection with projected obligations under the TRA as of December 31, 2023, up from $210.5 million in 2022.
- The Company had 67 million shares of common stock outstanding as of December 31, 2023, down from 78 million in 2022.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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