EVERTEC, Inc. Files 8-K: Material Agreement and Financials
Ticker: EVTC · Form: 8-K · Filed: Aug 21, 2025 · CIK: 1559865
| Field | Detail |
|---|---|
| Company | Evertec, Inc. (EVTC) |
| Form Type | 8-K |
| Filed Date | Aug 21, 2025 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.01, $787 million, $144 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financials, 8-k
Related Tickers: EVTC
TL;DR
EVERTEC signed a big deal, filing 8-K with financials.
AI Summary
On August 18, 2025, EVERTEC, Inc. entered into a material definitive agreement. The filing also includes information regarding Regulation FD disclosures and financial statements, with exhibits. The company is incorporated in Puerto Rico and its principal executive offices are located in San Juan.
Why It Matters
This filing indicates a significant new agreement for EVERTEC, Inc., which could impact its future financial performance and strategic direction.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks and opportunities that may affect the company's financial health and stock performance.
Key Players & Entities
- EVERTEC, Inc. (company) — Registrant
- August 18, 2025 (date) — Date of earliest event reported
- Puerto Rico (location) — State of incorporation
- San Juan, Puerto Rico (location) — Address of principal executive offices
FAQ
What type of material definitive agreement did EVERTEC, Inc. enter into?
The filing states that EVERTEC, Inc. entered into a 'Material Definitive Agreement' but does not specify the nature of the agreement in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on August 18, 2025.
Where are EVERTEC, Inc.'s principal executive offices located?
EVERTEC, Inc.'s principal executive offices are located at Cupey Center Building, Road 176, Kilometer 1.3, San Juan, Puerto Rico.
What is EVERTEC, Inc.'s fiscal year end?
EVERTEC, Inc.'s fiscal year ends on December 31.
What is the SEC file number for EVERTEC, Inc.?
The SEC file number for EVERTEC, Inc. is 001-35872.
Filing Stats: 1,948 words · 8 min read · ~6 pages · Grade level 15.6 · Accepted 2025-08-21 06:50:22
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share EVTC New York Stock
- $787 million — regate purchase price of approximately R$787 million (the " Transaction "), representing app
- $144 million — tion "), representing approximately USD $144 million at current exchange rates, subject to c
Filing Documents
- evtc-20250818.htm (8-K) — 51KB
- projectauto-sharepurchasea.htm (EX-2.1) — 662KB
- release-autoannouncementdr.htm (EX-99.1) — 10KB
- image_0.jpg (GRAPHIC) — 21KB
- 0001559865-25-000039.txt ( ) — 970KB
- evtc-20250818.xsd (EX-101.SCH) — 2KB
- evtc-20250818_lab.xml (EX-101.LAB) — 22KB
- evtc-20250818_pre.xml (EX-101.PRE) — 13KB
- evtc-20250818_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Share Purchase Agreement On August 18, 2025, Evertec Brasil Informtica S.A. (" Evertec BR "), a wholly-owned subsidiary of EVERTEC, Inc. (" Evertec " or the " Company "), entered into a Share Purchase Agreement and Other Covenants (the " SPA "), dated as of August 20, 2025, by and among Evertec BR, Tecnobank Tecnologia Bancria S.A., a corporation duly constituted and existing in accordance with the Laws of the Federative Republic of Brazil (" Tecnobank "), and certain shareholders of Tecnobank party thereto (the " Sellers "). Pursuant to the terms of, and subject to the conditions specified in, the SPA, Evertec BR will purchase a total of 7,628,470 common shares of Tecnobank from the Sellers for an aggregate purchase price of approximately R$787 million (the " Transaction "), representing approximately USD $144 million at current exchange rates, subject to customary adjustments. The Transaction is expected to be funded with the Company's existing liquidity. Following the consummation of the Transaction, Evertec BR will hold a 75% ownership stake in Tecnobank on a fully diluted basis. The Transaction is expected to close in the fourth quarter of 2025, subject to the satisfaction or waiver of customary closing conditions, including, among other things: (i) the absence of any order or legal requirement preventing, restricting, suspending, prohibiting, or making illegal the consummation of the Transaction, or any claims seeking or requesting any such order or legal requirement, (ii) final approval of the Transaction by the Brazilian antitrust authorities ( Conselho Administrativo de Defesa Econmica ) (" CADE "); (iii) the accuracy of the representations and warranties of each party; (iv) the fulfillment of each party's obligations and commitments under the SPA; and (v) the absence of a Material Adverse Effect (as defined in the SPA). Evertec BR and the Sellers have made customary representations and warrantie
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 21, 2025, Evertec issued a press release announcing the Transaction, which is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Note : The information contained in this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed "filed" for 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, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the " Securities Act "), except as expressly set forth by specific reference in such a filing.
Forward-Looking Statements
Forward-Looking Statements Certain statements in this Current Report on Form 8-K constitute "forward-looking statements" within the meaning of, and subject to the protection of, the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements contained in this Current Report on Form 8-K other than statements of historical facts, including, without limitation, statements regarding the Transaction, the anticipated benefits thereof, the timing of the Transaction closing and the parties' entrance into the shareholders' agreement, are forward-looking statements. Words such as "believes," "expects," "anticipates," "intends," "projects," "estimates," and "plans" and similar expressions of future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. Various factors that could cause actual future results and other future events to differ materially from those estimated by management include, but are not limited to: failure to satisfy one or more conditions to closing of the Transaction; the inability to achieve the expected benefits of the Transaction; the loss of personnel or customers in connection with the Transaction; any delays in obtaining regulatory approvals; and the important factors set forth under "Part 1, Item 1A. Risk Factors," in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on March 3, 2025, as any such factors may be updated from time to time in the Company's filings with the SEC. The Company undertakes no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless it is required to do so by law.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Number Exhibit 2.1#^ Share Purchase Agreement and Other Covenants, dated as of August 20, 2025 99.1* Press Release titled "Evertec to Acquire Controlling Stake in Tecnobank, a Fintech Company in Brazil", dated August 21, 2025* 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) # Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the Securities and Exchange Commission upon request. ^ Pursuant to Item 601(b)(10), information in this exhibit identified by brackets is confidential and has been excluded because it (i) is not material and (ii) is the type of information that the registrant treats as private or confidential. *Furnished herewith.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EVERTEC, Inc. (Registrant) Date: August 21, 2025 By: /s/ Joaqun A. Castrillo-Salgado Joaqun A. Castrillo-Salgado Chief Financial Officer EXHIBIT INDEX Number Exhibit 2.1#^ Share Purchase Agreement and Other Covenants, dated as of August 20, 2025 99.1* Press Release titled "Evertec to Acquire Controlling Stake in Tecnobank, a Fintech Company in Brazil", dated August 21, 2025* 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) # Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished to the Securities and Exchange Commission upon request. ^ Pursuant to Item 601(b)(10), information in this exhibit identified by brackets is confidential and has been excluded because it (i) is not material and (ii) is the type of information that the registrant treats as private or confidential. *Furnished herewith.