ZoomInfo Files Routine 8-K for 'Other Event'

TL;DR

**ZoomInfo just dropped a routine 8-K, nothing major to see here, just standard compliance.**

AI Summary

ZoomInfo Technologies Inc. filed an 8-K on February 26, 2024, reporting an "Other Event" that occurred on February 24, 2024. The filing indicates no specific financial transactions or personnel changes, but rather a general update under Item 8.01, suggesting a routine disclosure without immediate material impact on the company's financials or operations. The company's business address is 805 Broadway Street, Suite 900, Vancouver, Washington 98660.

Why It Matters

This filing is a standard regulatory disclosure, indicating that ZoomInfo Technologies Inc. is maintaining compliance with SEC requirements, though it doesn't detail any specific newsworthy event.

Risk Assessment

Risk Level: low — The filing is for 'Other Events' without specific details, suggesting a routine disclosure with no immediate identifiable risks.

Key Players & Entities

• ZoomInfo Technologies Inc. (company) — Registrant
• February 24, 2024 (date) — Date of earliest event reported
• February 26, 2024 (date) — Filed as of date
• 805 Broadway Street, Suite 900, Vancouver, Washington 98660 (company) — Principal executive offices address
• 800-914-1220 (dollar_amount) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ZI The Nasdaq Stock Market
• $26 million — t set forth in the MOU is approximately $26 million to $29 million, based on the estimated
• $29 m — the MOU is approximately $26 million to $29 million, based on the estimated size of e
• $29 million — charges of approximately $26 million to $29 million to settle the Class Actions, with subst

Filing Documents

• zi-20240224.htm (8-K) — 26KB
• 0001794515-24-000041.txt ( ) — 154KB
• zi-20240224.xsd (EX-101.SCH) — 2KB
• zi-20240224_lab.xml (EX-101.LAB) — 24KB
• zi-20240224_pre.xml (EX-101.PRE) — 13KB
• zi-20240224_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. As previously disclosed, on April 15, 2021, a putative class action lawsuit was filed against ZoomInfo Technologies LLC, a subsidiary of ZoomInfo Technologies Inc. (the "Company" and, together with its subsidiaries, "ZoomInfo") in the United States District Court for the Northern District of Illinois (Eastern Division) (the "Illinois District Court") alleging ZoomInfo's use of Illinois residents' names in public-facing web pages violates the Illinois Right of Publicity Act (the "Illinois Class Action"). In addition, as previously disclosed, on September 30, 2021, a putative class action lawsuit was filed against the Company in the United States District Court for the Western District of Washington alleging ZoomInfo's use of California residents' names in public-facing web pages violates California statutory and common law regarding the right of publicity as well as misappropriation (the "California Class Action"). On February 24, 2024, ZoomInfo entered into a Memorandum of Understanding ("MOU") with plaintiffs in the Illinois Class Action containing material terms of settlement. The parties intend to enter into a settlement agreement on the terms set forth in the MOU that, if approved as described below, will resolve the Illinois Class Action, the California Class Action and similar, unfiled claims in the states of Indiana and Nevada (the Illinois Class Action, the California Class Action, and the similar unfiled claims in Indiana and Nevada are collectively referred to as the "Class Actions"). Under the terms of the MOU, ZoomInfo has agreed to pay an amount equal to 3% of the statutory damages to each eligible class member in the states of California, Illinois, Indiana, and Nevada. The estimated total settlement amount set forth in the MOU is approximately $26 million to $29 million, based on the estimated size of each state's settlement class, and the total settlement amount will be finalized based on confirmatory discovery, to be comple

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. ZoomInfo Technologies Inc. Date: February 26, 2024 By: /s/ Anthony Stark Name: Anthony Stark Title: General Counsel and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR