TTEC Holdings, Inc. Enters Material Definitive Agreement
Ticker: TTEC · Form: 8-K · Filed: Nov 5, 2024 · CIK: 1013880
| Field | Detail |
|---|---|
| Company | Ttec Holdings, INC. (TTEC) |
| Form Type | 8-K |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $45,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, new-contract
Related Tickers: TTEC
TL;DR
TTEC signed a big deal, details TBD.
AI Summary
On November 5, 2024, TTEC Holdings, Inc. announced the entry into a Material Definitive Agreement. The filing does not provide specific details on the agreement, dollar amounts, or parties involved, but it indicates a significant event for the company.
Why It Matters
This filing signals a significant new contract or partnership for TTEC Holdings, Inc., which could impact its future revenue and business operations.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing creates uncertainty about the nature and impact of the agreement.
Key Players & Entities
- TTEC Holdings, Inc. (company) — Registrant
- November 5, 2024 (date) — Date of Report
FAQ
What is the nature of the Material Definitive Agreement entered into by TTEC Holdings, Inc.?
The filing does not specify the nature of the Material Definitive Agreement.
Who are the other parties involved in this Material Definitive Agreement?
The filing does not disclose the names of the other parties to the agreement.
What is the effective date of this Material Definitive Agreement?
The filing indicates the date of the earliest event reported is November 5, 2024, which is also the date of the report.
Are there any financial implications or dollar amounts associated with this agreement mentioned in the filing?
No specific dollar amounts or financial implications are detailed in this filing.
What specific item information is being reported under the 8-K filing?
The filing reports under 'Entry into a Material Definitive Agreement' and 'Other Events'.
Filing Stats: 637 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-11-05 17:00:12
Key Financial Figures
- $0.01 — Common stock of TTEC Holdings, Inc., $0.01 par value per share TTEC NASDAQ Ind
- $45,500,000 — lorado not-for-profit organization, for $45,500,000, subject to certain customary adjustmen
Filing Documents
- tm2427578d1_8k.htm (8-K) — 29KB
- 0001104659-24-114375.txt ( ) — 199KB
- ttec-20241105.xsd (EX-101.SCH) — 3KB
- ttec-20241105_lab.xml (EX-101.LAB) — 33KB
- ttec-20241105_pre.xml (EX-101.PRE) — 22KB
- tm2427578d1_8k_htm.xml (XML) — 4KB
01
Item 1.01 Entry into a Material Definitive Agreement. On November 5, 2024, TTEC Holdings, Inc., through its wholly-owned subsidiary, TTEC Services Corporation (collectively, "TTEC" or "Company"), entered into a definitive agreement to sell and subsequently closed the sale of a real estate asset located at 9197 S. Peoria Street, Englewood, Colorado 80112 ("Englewood Building") to Catholic Health Initiatives Colorado, a Colorado not-for-profit organization, for $45,500,000, subject to certain customary adjustments, payable at closing. The Englewood Building was previously used by TTEC as its principal executive offices/place of business ("Principal Place of Business") and was not used in business operations. The Company intends to use the proceeds from the sale to reduce the Company's outstanding balance under its revolving line of credit.
01 Other
Item 8.01 Other Events. Suspension of Dividend On November 4, 2024, the Company's Board of Directors suspended the Company's semi-annual cash dividend as part of its ongoing shift to prioritize debt reduction associated with strategic acquisitions and other investments in the business. The Board expects to review the dividend suspension in the future to determine, in light of facts and circumstances at that time, whether and when to reinstate the cash dividend. Location of the Principal Place of Business In connection with the sale of the Englewood Building, TTEC announced that it plans to move its Principal Place of Business from Colorado to Texas, U.S.A., effective January 1, 2025. The Denver Center for Experience and Innovation, which currently serves as the Company's temporary Principal Place of Business will remain at its current Greenwood Village, Colorado location. TTEC will continue to do business in Colorado, as it has done since 1992. 2 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TTEC Holdings, Inc. (Registrant) Date: November 5, 2024 By: /s/ Margaret B. McLean Margaret B. McLean General Counsel & Chief Risk Officer 3