CSG Systems International Enters Material Definitive Agreement

TL;DR

CSG Systems just signed a big deal, filing an 8-K on 10/30/24.

AI Summary

CSG Systems International, Inc. announced on October 30, 2024, that it entered into a Material Definitive Agreement. The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits. The company is incorporated in Delaware and headquartered in Englewood, Colorado.

Why It Matters

This filing indicates a significant contractual development for CSG Systems International, Inc., which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement can introduce new risks related to contract terms, performance obligations, and potential liabilities.

Key Numbers

• 0-27512 — SEC File Number (Identifies the specific SEC filing for the company.)
• 47-0783182 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• CSG Systems International, Inc. (company) — Registrant
• October 30, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Englewood, Colorado (location) — Principal Executive Offices
• 303 200-2000 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, Par Value $0.01 Per Share CSGS The Nasdaq Stock Mar

Filing Documents

• csgs-20241030.htm (8-K) — 47KB
• csgs-ex99_1.htm (EX-99.1) — 11KB
• 0000950170-24-120311.txt ( ) — 173KB
• csgs-20241030.xsd (EX-101.SCH) — 24KB
• csgs-20241030_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. Summary of Material Definitive Agreement. CSG Systems International, Inc. ("CSG") currently generates a material portion of its revenues from Comcast Cable Communications Management, LLC, an affiliate of Comcast Corporation ("Comcast"), under a multi-year Master Subscriber Management System Agreement (the "Current Agreement"). The Current Agreement is scheduled to expire on December 31, 2025. For the second quarter ended June 30, 2024, CSG generated approximately 19% of its total revenues from Comcast. On October 30, 2024, CSG entered into an amendment to its Current Agreement with Comcast (the "Amended Agreement"). The key terms of the Amended Agreement are as follows: The Amended Agreement extends CSG's contractual relationship with Comcast through December 31, 2030. The fees to be generated under the Amended Agreement will be based primarily on monthly charges for SaaS and related services per Comcast residential customer account, and various other ancillary services based on actual usage. The Amended Agreement includes annual price escalators beginning in 2026 and certain of the per-unit fees include volume-based pricing tiers. CSG did not provide a renewal discount to Comcast in the Amended Agreement. The Amended Agreement contains certain financial commitments associated with the number of Comcast residential customer accounts that are to be processed on CSG's systems. CSG maintains the exclusive right to provide print and mail services to all Comcast residential customer accounts through the term of the Amended Agreement. The Amended Agreement contains certain rights and obligations of both parties, including the following key items: (i) the termination of the agreement under certain conditions; (ii) various service level commitments; and (iii) remedies and limitations on liabilities associated with specified breaches of contractual obligations. A copy of the Amended Agreement, with confid

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. The following information is furnished pursuant to Item 7.01 (Regulation FD Disclosure). This information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On November 4, 2024, CSG issued a press release announcing that it had entered into an Amended Agreement with Comcast. A copy of such press release is attached to this Form 8-K as Exhibit 99.1 and is incorporated into this section by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Press release of CSG Systems International, Inc. dated November 4, 2024 104 Cover Page Interactive Data File (embedded within Inline XBRL document)

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. CSG SYSTEMS INTERNATIONAL, INC. Date: November 4, 2024 By: /s/ Lori J. Szwanek Lori J. Szwanek Chief Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR