DHI Group Files 8-K on Exit Costs & Officer Changes

TL;DR

DHI Group filed an 8-K on Jan 13, 2025, covering exit costs and exec changes.

AI Summary

On January 13, 2025, DHI Group, Inc. filed an 8-K report detailing cost associated with exit or disposal activities, director/officer changes, and compensatory arrangements. The filing also includes Regulation FD disclosures and financial statements/exhibits. The company, formerly known as DICE HOLDINGS, INC., is incorporated in Delaware and headquartered in Centennial, Colorado.

Why It Matters

This filing provides insight into potential restructuring or operational changes within DHI Group, which could impact its future performance and strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates potential restructuring or disposal activities, which can introduce uncertainty and risk.

Key Numbers

• 001-33584 — SEC File Number (Identifies the company's filing with the SEC.)
• 20-3179218 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• DHI Group, Inc. (company) — Registrant
• DICE HOLDINGS, INC. (company) — Former Company Name
• January 13, 2025 (date) — Report Date
• Delaware (jurisdiction) — State of Incorporation
• Centennial, Colorado (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share DHX New York Stock Exchange
• $4.0 million — te annual cost savings of approximately $4.0 million to $6.0 million. The savings will begin
• $6.0 million — avings of approximately $4.0 million to $6.0 million. The savings will begin to be realized
• $2.2 million — imates that it will incur approximately $2.2 million in cash charges related to employee sev
• $315,000 — ll receive severance in the lump sum of $315,000 (less applicable tax withholdings and d
• $285,000 — ll receive severance in the lump sum of $285,000 (less applicable tax withholdings and d

Filing Documents

• dhx-20250113.htm (8-K) — 40KB
• strategicreorganziation.htm (EX-99.1) — 14KB
• image.jpg (GRAPHIC) — 15KB
• 0001393883-25-000007.txt ( ) — 218KB
• dhx-20250113.xsd (EX-101.SCH) — 2KB
• dhx-20250113_lab.xml (EX-101.LAB) — 24KB
• dhx-20250113_pre.xml (EX-101.PRE) — 14KB
• dhx-20250113_htm.xml (XML) — 3KB

05 Costs Associated with Exit or Disposal Activities

Item 2.05 Costs Associated with Exit or Disposal Activities On January 13, 2025, DHI Group, Inc. (the "Company") announced an organizational restructuring intended to streamline its operations, drive business objectives, and reduce operating costs. This includes a reduction of the Company's current workforce by approximately 8% primarily by consolidating team structure and mid-level management within product development. The restructuring is expected to generate annual cost savings of approximately $4.0 million to $6.0 million. The savings will begin to be realized immediately subsequent to the restructuring. As a result of the restructuring, the positions of Chief Revenue Officer and Chief Marketing Officer were eliminated. The Company estimates that it will incur approximately $2.2 million in cash charges related to employee severance and benefits and expects all of the $2.2 million to be future cash expenditures. All charges are expected to be recognized in the first quarter of 2025 while the related cash payments are expected to be substantially completed by the third quarter of 2025. The actions associated with the organizational restructuring are expected to be substantially complete by February 2025, subject to local law and consultation requirements. The estimates of the charges and expenditures that the Company expects to incur, as well as the estimated cost savings and the timing thereof, are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual amounts may differ materially from estimates. In addition, the Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur in connection with the restructuring. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 13, 2025, the Company announced the elimination of the position

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 13, 2025, the Company issued a press release announcing the organizational restructuring . The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information contained in Item 7.01 of this Current Report on Form 8-K, including the information in Exhibit 99.1 attached to this report, 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. Such information shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (a) Exhibits. EXHIBIT NO. DESCRIPTION 99.1 Press Release dated January 13, 2025 104 Cover Page Interactive Data File (embedded within the inline XBRL)

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K may contain "forward-looking statements" about the Company's future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this Current Report on Form 8-K include, but are not limited to, statements about the expected streamlining of the Company's operations to drive business objectives, the expected reduction in operating costs, the expected cost savings, the expected benefits of and timing of completion of the restructuring and the expected costs and charges of the restructuring. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company's restructuring efforts may adversely affect the Company's internal programs and the Company's ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company's restructuring efforts may negatively impact the Company's business operations and reputation with or ability to serve customers; the risk that the Company's restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 20

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. DHI GROUP, INC. Date: January 13, 2025 By: /S/ Art Zeile Name: Art Zeile Title: Chief Executive Officer EXHIBIT INDEX 99.1 Press Release dated January 13, 2025 104 Cover Page Interactive Data File (embedded within the inline XBRL)

View Full Filing

View this 8-K filing on SEC EDGAR