ZoomInfo Appoints New CEO, Scott Arnold

TL;DR

ZoomInfo just named Scott Arnold as CEO, replacing Henry Schuck who's now Executive Chairman. Big leadership shakeup!

AI Summary

ZoomInfo Technologies Inc. announced on July 30, 2024, that its Board of Directors has appointed Scott Arnold as the new Chief Executive Officer, effective immediately. Arnold, who previously served as the company's President, will also join the Board of Directors. He succeeds Henry Schuck, who will transition to the role of Executive Chairman. This leadership change is effective as of July 30, 2024.

Why It Matters

This is a significant leadership transition for ZoomInfo, with a new CEO taking the helm and the former CEO moving to an Executive Chairman role, which could signal strategic shifts.

Risk Assessment

Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and execution, impacting investor confidence.

Key Players & Entities

• ZoomInfo Technologies Inc. (company) — The company filing the report.
• Scott Arnold (person) — Newly appointed Chief Executive Officer and Board Member.
• Henry Schuck (person) — Former Chief Executive Officer, now Executive Chairman.
• July 30, 2024 (date) — Effective date of the leadership changes.

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ZI The Nasdaq Stock Market

Filing Documents

• zi-20240730.htm (8-K) — 32KB
• zi-8kex991x20240805.htm (EX-99.1) — 339KB
• zi-8kex992x20240805.htm (EX-99.2) — 16KB
• zi-8kex993x20240805.htm (EX-99.3) — 14KB
• image.jpg (GRAPHIC) — 6KB
• image1.jpg (GRAPHIC) — 6KB
• image2a.jpg (GRAPHIC) — 6KB
• 0001794515-24-000132.txt ( ) — 588KB
• zi-20240730.xsd (EX-101.SCH) — 2KB
• zi-20240730_lab.xml (EX-101.LAB) — 22KB
• zi-20240730_pre.xml (EX-101.PRE) — 13KB
• zi-20240730_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On August 5, 2024, ZoomInfo Technologies Inc. (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this current report and is incorporated herein by reference. The information contained in Item 2.02 of this current report, including the press release furnished as Exhibit 99.1 hereto, is being furnished and 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, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Board of Director Updates On August 5, 2024, the Company announced the appointment of Domenic Maida and Owen Wurzbacher to its Board of Directors ("Board"), effective as of August 6, 2024. Mr. Maida will serve on the Board's Privacy, Security, and Technology Committee and Mr. Wurzbacher will serve on the Board's Nominating and Corporate Governance and Compensation Committees. These appointments follow the resignation of Todd Crockett, which was received and became effective July 30, 2024. Mr. Crockett's decision was not caused, in whole or in part, by a disagreement with the Company or the Board. Mr. Wurzbacher will serve as a Class I director with a term expiring at the Company's Annual Meeting of Stockholders in 2027 and Mr. Maida will serve as a Class III director with a term expiring at the Company's Annual Meeting of Stockholders in 2026. Messrs. Wurzbacher and Maida will each participate in the Company

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On August 5, 2024, the Company issued a press release announcing the resignation of Mr. Crockett and the appointment of Messrs. Wurzbacher and Maida to the Board. A copy of the press release is furnished herewith as Exhibit 99.2 to this Report and incorporated herein by reference. On August 5, 2024, the Company issued a press release announcing the transition of Mr. Hyzer from his role as CFO and the appointment of Mr. O'Brien as interim CFO, effective as of September 6, 2024. A copy of the press release is furnished herewith as Exhibit 99.3 to this Report and incorporated herein by reference. The information under Item 7.01 of this Report, including Exhibits 99.2 and 99.3 attached hereto, is furnished and shall not be deemed "filed" for purposes of Section 18 of 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 Exchange Act or Securities Act, except as expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press release dated August 5, 2024 announcing ZoomInfo Technologies Inc.'s second quarter 2024 financial results 99.2 Press release dated August 5, 2024 announcing ZoomInfo Technologies Inc. Board Changes 99.3 Press release dated August 5, 2024 announcing ZoomInfo Technologies Inc. Leadership Changes 104 Cover Page Interactive Data File (embedded within the 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. ZoomInfo Technologies Inc. Date: August 5, 2024 By: /s/ P. Cameron Hyzer Name: P. Cameron Hyzer Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR