Donnelley Financial Solutions Files 2023 10-K

TL;DR

<b>Donnelley Financial Solutions filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

Donnelley Financial Solutions, Inc. (DFIN) filed a Annual Report (10-K) with the SEC on February 20, 2024. Filed 10-K for the fiscal year ended December 31, 2023. Company is incorporated in Delaware. Primary business address is 35 West Wacker Drive, Chicago, IL 60601. Business phone number is 800-823-5304. Standard Industrial Classification is SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380].

Why It Matters

For investors and stakeholders tracking Donnelley Financial Solutions, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of the company's financial performance, operations, and risk factors for the fiscal year 2023. Investors and analysts can use this report to assess the company's financial health, strategic direction, and potential future performance.

Risk Assessment

Risk Level: medium — Donnelley Financial Solutions, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, it does not immediately highlight any significant new risks or dramatic shifts in performance that would warrant a 'high' risk assessment without further analysis of the detailed financial statements and risk factors.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to identify any specific areas of concern or opportunity for Donnelley Financial Solutions.

Key Numbers

• 20231231 — Fiscal Year End (Conformed period of report)
• 20240220 — Filing Date (Filed as of date)
• 120 — Public Document Count (Document count)
• 800-823-5304 — Business Phone (Contact phone number)

Key Players & Entities

• Donnelley Financial Solutions, Inc. (company) — Filer name
• 35 WEST WACKER DRIVE (location) — Business address
• CHICAGO (location) — Business address city
• IL (location) — Business address state
• 60601 (location) — Business address zip
• 7380 (other) — Standard Industrial Classification
• DE (location) — State of incorporation
• 001-37728 (other) — SEC file number

FAQ

Industry Context

Donnelley Financial Solutions operates within the business services sector, specifically focusing on services related to financial markets and compliance.

Regulatory Implications

The filing is a 10-K, which is a mandatory annual report required by the U.S. Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the 'Business' section for details on DFIN's services and market segments.
2. Examine the 'Financial Statements and Supplementary Data' for a thorough understanding of the company's financial health.
3. Review the 'Risk Factors' section for potential challenges and uncertainties facing the company.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-20: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing provided for analysis. No prior filing data is available for comparison within this context.

Key Financial Figures

• $0.01 — ch registered Common Stock (Par Value $0.01) DFIN NYSE Securities registered

Filing Documents

• dfin-20231231.htm (10-K) — 4250KB
• dfin-ex10_42.htm (EX-10.42) — 32KB
• dfin-ex21_1.htm (EX-21.1) — 30KB
• dfin-ex23_1.htm (EX-23.1) — 4KB
• dfin-ex31_1.htm (EX-31.1) — 12KB
• dfin-ex31_2.htm (EX-31.2) — 12KB
• dfin-ex32_1.htm (EX-32.1) — 7KB
• dfin-ex32_2.htm (EX-32.2) — 7KB
• dfin-ex97_1.htm (EX-97.1) — 48KB
• img45597604_0.jpg (GRAPHIC) — 38KB
• img232904856_0.jpg (GRAPHIC) — 215KB
• 0000950170-24-017094.txt (&nbsp;) — 18942KB
• dfin-20231231.xsd (EX-101.SCH) — 2036KB
• dfin-20231231_htm.xml (XML) — 4412KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 12 Item 1B . Unresolved Staff Comments 23 Item 1C. Cybersecurity 23 Item 2.

Properties

Properties 25 Item 3.

Legal Proceedings

Legal Proceedings 25 Item 4. Mine Safety Disclosures 25 Part II Item 5. Market for Donnelley Financial Solutions, Inc.'s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26 Item 6. [Reserved] 27 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 28 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 42 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 43 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 43 Item 9A.

Controls and Procedures

Controls and Procedures 43 Item 9B. Other Information 45 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 45 Part III Item 10. Directors and Executive Officers of Donnelley Financial Solutions, Inc. and Corporate Governance 46 Item 11.

Executive Compensation

Executive Compensation 47 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 47 Item 13. Certain Relationships and Related Transactions and Director Independence 47 Item 14. Principal Accounting Fees and Services 47 Part IV Item 15. Exhibits, Financial Statement Schedules 48 Item 16. Form 10-K Summary 48 Index to Consolidated Financial Statements F- 1 Consolidated Financial Statements and Notes F- 2 Report of Independent Registered Public Accounting Firm F- 36 Exhibits E- 1

Signatures

Signatures 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS Donnelley Financial Solutions, Inc. and subsidiaries ("DFIN" or the "Company") has made forward-looking statements in this Annual Report on Form 10-K (the "Annual Report") within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. These statements are based on the beliefs and assumptions of the Company. Generally, forward-looking statements include information concerning possible or assumed future actions, events, or results of operations of the Company. These statements may include words such as "anticipates," "estimates," "expects," "projects," "forecasts," "intends," "plans," "continues," "believes," "may," "will," "goals" and variations of such words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance. These forward-looking statements are subject to a number of important factors, including those factors discussed in detail in Part I, Item 1A. Risk Factors of this Annual Report, in addition to those discussed elsewhere in this Annual Report, that could cause the Company's actual results to differ materially from those indicated in any such forward-looking statements. These factors include, but are not limited to: the volatility of the global economy and financial markets, and its impact on transactional volume; failure to offer high quality customer support and services; the retention of existing, and continued attraction of additional clients; failure to maintain the confidentiality, integrity and availability of systems, software and solutions as a result of a material breach of security or other performance issues; the growth of new technologies and changes in client demands, to which the Company may not be able to adequately adapt; the Company's inability to maintain client referrals; the comp

B USINESS

ITEM 1. B USINESS Company Overview DFIN is a leading global provider of innovative software and technology-enabled financial regulatory and compliance solutions. The Company provides regulatory filing and deal solutions via its software, technology-enabled services and print and distribution solutions to public and private companies, mutual funds and other regulated investment firms, to serve its clients' regulatory and compliance needs. DFIN helps its clients comply with applicable regulations where and how they want to work in a digital world, providing numerous solutions tailored to each client's precise needs. The prevailing trend is toward clients choosing to utilize the Company's software solutions, in conjunction with its tech-enabled services, to meet their document and filing needs, while at the same time shifting away from physical print and distribution of documents, except for when it is still regulatorily required or requested by investors. The Company serves its clients' regulatory and compliance needs throughout their respective life cycles. For its capital markets clients, the Company offers solutions that allow companies to comply with U.S. Securities and Exchange Commission ("SEC") regulations and support their corporate financial transactions and regulatory/financial reporting through the use of digital document creation and online content management tools; filing agent services, where applicable; solutions to facilitate clients' communications with their investors; and virtual data rooms and other deal management solutions. For investment companies, including mutual fund, insurance-investment and alternative investment companies, the Company provides solutions for creating, compiling and filing regulatory communications as well as solutions for investors designed to improve the access to and accuracy of their investment information. Technological advancements, regulatory changes, and evolving workflow preferences have led to the Company's

View Full Filing

View this 10-K filing on SEC EDGAR