CCC Intelligent Solutions Holdings Inc. Files 8-K

Ticker: CCC · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1818201

Sentiment: neutral

Topics: financial-results, executive-changes, corporate-governance

TL;DR

CCC Intelligent Solutions Holdings Inc. filed an 8-K detailing financial results and executive changes.

AI Summary

CCC Intelligent Solutions Holdings Inc. filed an 8-K on October 4, 2024, reporting on its results of operations and financial condition. The filing also disclosed the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with details on compensatory arrangements for these officers.

Why It Matters

This filing provides crucial updates on the company's financial performance and significant changes in its leadership and executive compensation, which can impact investor decisions.

Risk Assessment

Risk Level: medium — The filing contains information about financial results and executive changes, which can introduce uncertainty and affect stock price.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to report on CCC Intelligent Solutions Holdings Inc.'s results of operations and financial condition, as well as to disclose changes in directors and officers and related compensation arrangements.

When was this 8-K filing submitted?

This 8-K filing was submitted on October 4, 2024.

What specific items are covered in this filing?

This filing covers Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers) and Item 5.07 (Submission of Matters to a Vote of Security Holders), and Item 8.01 (Other Events).

What was CCC Intelligent Solutions Holdings Inc.'s former company name?

CCC Intelligent Solutions Holdings Inc.'s former company name was Dragoneer Growth Opportunities Corp.

Where is CCC Intelligent Solutions Holdings Inc. headquartered?

CCC Intelligent Solutions Holdings Inc. is headquartered at 167 N. Green Street, 9th Floor, Chicago, Illinois, 60607.

Filing Stats: 901 words · 4 min read · ~3 pages · Grade level 12.8 · Accepted 2024-10-04 08:00:08

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. CCC Intelligent Solutions Holdings Inc. (the "Company") reaffirms its financial guidance for the third quarter of fiscal year 2024, as provided in a press release issued July 30, 2024, that was previously furnished as Exhibit 99.1 to the Company's Form 8-K filed with the Securities and Exchange Commission on July 30, 2024. The information in this Item 2.02 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Company is announcing today the retirement of Mary Jo Prigge and the departure of Michael Silva. As a result, the Company is consolidating their roles in order to streamline its operations in continued support of its customers and to deliver on our expected long-term growth. An executive search has been initiated to find a leader for this new consolidated role. Retirement of Mary Jo Prigge Mary Jo Prigge, Executive Vice President, Chief Service Delivery Officer of the Company notified the Company that she will retire from her role with the Company no later than December 31, 2024. We expect that, following her retirement from this role, Ms. Prigge will continue in a part-time advisory capacity to senior management. The Company thanks Ms. Prigge for her contributions and 26 years of service to the Company, its employees and its customers, and for her material contributions to CCC's successes, delivering operational excellence and a high net promoter score. De

Forward Looking Statements

Forward Looking Statements This Current Report on Form 8-K contains forward-looking statements that are based on beliefs and assumptions and on information currently available. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. We cannot assure you that the forward-looking statements in this report will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including risks related to management succession planning and those included under the header "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission ("SEC"), which can be obtained, without charge, at the SEC's website (www.sec.gov), and in our other filings with the SEC. The forward-looking statements in this report represent our views as of the date hereof. We anticipate that subsequent events and developments will cause our views to change.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CCC Intelligent Solutions Holdings Inc. Date: October 4, 2024 By: /s/ Brian Herb Name: Brian Herb Title: Executive Vice President, Chief Financial and Administrative Officer

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