Stagwell Inc. Files 8-K: Corporate Update

TL;DR

Stagwell Inc. filed an 8-K on June 17th regarding corporate events as of June 13th. Check it out.

AI Summary

On June 13, 2024, Stagwell Inc. announced an "Other Event" filing with the SEC. The filing details relate to the company's operations and corporate structure, with specific information about its principal executive offices located at One World Trade Center, Floor 65, New York, NY 10007. The report was filed on June 17, 2024.

Why It Matters

This filing provides an update on Stagwell Inc.'s corporate activities and official reporting, which is important for investors to stay informed about the company's structure and operational details.

Risk Assessment

Risk Level: low — This filing is a routine corporate disclosure and does not appear to contain significant new risks or material adverse information.

Key Players & Entities

• Stagwell Inc. (company) — Registrant
• One World Trade Center, Floor 65, New York, NY 10007 (location) — Principal executive offices
• June 13, 2024 (date) — Date of Earliest Event Reported
• June 17, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 par value STGW NASDAQ Indicate by c
• $6.34 — p, Inc. ("Goldman Sachs") at a price of $6.34 per share, for an aggregate purchase pr
• $25,360,000 — are, for an aggregate purchase price of $25,360,000. The purchase price represents an appro

Filing Documents

• tm2417432d1_8k.htm (8-K) — 22KB
• 0001104659-24-072342.txt ( ) — 190KB
• stgw-20240613.xsd (EX-101.SCH) — 3KB
• stgw-20240613_lab.xml (EX-101.LAB) — 33KB
• stgw-20240613_pre.xml (EX-101.PRE) — 22KB
• tm2417432d1_8k_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On June 13, 2024, Stagwell Inc. (the "Company") repurchased a total of 4,000,000 shares of the Company's Class A common stock from certain affiliates of The Goldman Sachs Group, Inc. ("Goldman Sachs") at a price of $6.34 per share, for an aggregate purchase price of $25,360,000. The purchase price represents an approximately 5% discount to the closing price of the Class A common stock on June 12, 2024. The repurchase was made in a privately negotiated transaction pursuant to the Company's previously announced stock repurchase program. Following completion of the repurchase, Goldman Sachs held 12,981,022 shares of the Company's Class A common stock. The repurchased shares were retired by the Company. The repurchase reduced the number of shares of the Company's common stock outstanding by approximately 1.5%. As of June 13, 2024, following completion of the repurchase, the Company's outstanding common stock consisted of 112,346,046 shares of Class A common stock and 151,648,741 shares of Class C common stock.

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed by the undersigned hereunto duly authorized. Date: June 17, 2024 Stagwell Inc. By: /s/ Peter McElligott Peter McElligott General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR