Tuchman Files 13D/A for TTEC Holdings

TL;DR

Tuchman filed a 13D/A for TTEC Holdings, Inc. - ownership update.

AI Summary

On September 30, 2024, Kenneth D. Tuchman, through KDT Family, LLLP and KDT Stock Revocable Trust, filed an amendment to Schedule 13D for TTEC Holdings, Inc. This filing indicates a change in beneficial ownership of the company's common stock. The filing was made by Kenneth D. Tuchman, who is associated with TTEC Holdings, Inc.

Why It Matters

This filing signals a potential shift in control or significant stake changes by a major shareholder, which could influence TTEC Holdings' stock performance and corporate strategy.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or significant shifts in major shareholder positions, potentially impacting stock price.

Key Numbers

• 20240930 — Filing Date (Indicates the date of the amendment filing.)

Key Players & Entities

• TTEC Holdings, Inc. (company) — Subject Company
• Kenneth D. Tuchman (person) — Filer
• KDT FAMILY, LLLP (company) — Group Member
• KDT STOCK REVOCABLE TRUST (company) — Group Member
• MANTUCKET CAPITAL MANAGEMENT CORP (company) — Group Member
• 0001140361-24-042264 (dollar_amount) — Accession Number

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securitie
• $6.85 — sh consideration at a purchase price of $6.85 per share of Common Stock (the "Proposa

Filing Documents

• ef20036457_formsc13da.htm (SC 13D/A) — 71KB
• ef20036457_ex99-1.htm (EX-99.1) — 9KB
• 0001140361-24-042264.txt ( ) — 81KB

Security and Issuer

Item 1. Security and Issuer.

of the 13D is hereby amended by amending and restating the last sentence thereof as follows

Item 1 of the 13D is hereby amended by amending and restating the last sentence thereof as follows: The principal executive offices of the Company are located at 6312 South Fiddler's Green Circle, Suite 100N, Greenwood Village, Colorado 80111.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

of the 13D is hereby supplemented to include the following information at the end of Item 3

Item 3 of the 13D is hereby supplemented to include the following information at the end of Item 3: The Reporting Persons have not obtained any financing commitment or agreed to any financing terms regarding the transactions contemplated by the Proposal (as defined below). Third party financing for the transactions contemplated by the Proposal is subject to negotiation, and the Reporting Persons can provide no assurances that they will be able obtain financing or negotiate definitive agreements with respect to financing on terms acceptable to them.

Purpose of Transaction

Item 4. Purpose of Transaction.

of the 13D is hereby supplemented to include the following information at the end of Item 4

Item 4 of the 13D is hereby supplemented to include the following information at the end of Item 4: On September 27, 2024, Mr. Tuchman delivered a non-binding proposal to the Board of Directors of the Company (the "Board") to acquire all of the outstanding shares of Common Stock not already owned by the Reporting Persons for cash consideration at a purchase price of $6.85 per share of Common Stock (the "Proposal"). In the Proposal, Mr. Tuchman indicated his expectation that the Board will establish and empower a special committee consisting solely of independent and disinterested directors (the "Special Committee") and delegate to the Special Committee the authority to evaluate and negotiate the Proposal and any other matters the disinterested members of the Board may determine to delegate to the Special Committee. The Proposal specifies that any Reporting Person's entrance into a binding agreement with respect to the Proposal will be conditioned upon, among other things, negotiation and execution of a mutually satisfactory binding agreement with respect to the Proposal, as well as the receipt by the Reporting Persons of equity and/or debt financing commitments in an amount and on terms acceptable to the Reporting Persons. The Proposal also states that the Reporting Persons will only pursue a transaction that is expressly conditioned on the procedures described in Kahn v. M&F Worldwide Corp . and its progeny under Delaware law. Any potential transaction would (among other things) have to be (1) approved by a fully empowered special committee consisting solely of independent and disinterested directors and (2) subject to a non-waivable condition requiring the approval of the holders of a majority of the outstanding shares of Common Stock that are not owned by the Reporting Persons or their affiliates and associates or Company executive management. The foregoing description of the Proposal does not purport to be complete and is qualified in its entirety by the fu

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the 13D is hereby amended and restated in its entirety as follows

Item 5 of the 13D is hereby amended and restated in its entirety as follows: (a) The information set forth on rows 11 and 13 of each of the cover pages of this 13D is incorporated herein by reference. To the knowledge of each of the Reporting Persons, none of the Covered Persons (as defined and identified in the initial 13D) owns beneficially pursuant to Rule 13d-3 of the Act any shares of Common Stock. (b) The information set forth in rows 7 through 10 of each of the cover pages of this 13D is incorporated herein by reference. (c) None of the Reporting Persons have effected any transactions in the Common Stock in the last sixty (60) days. (d) Not applicable. (e) Not applicable.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the 13D is hereby supplemented to incorporate by reference the information set forth in Item 4 above

Item 6 of the 13D is hereby supplemented to incorporate by reference the information set forth in Item 4 above.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits.

of the 13D is hereby supplemented by adding the following exhibit

Item 7 of the 13D is hereby supplemented by adding the following exhibit: Exhibit Number Description 99.1 Letter, dated September 27, 2024 from Kenneth D. Tuchman to the Board of Directors of TTEC Holdings, Inc.

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 30, 2024 KENNETH D. TUCHMAN By: /s/ Kenneth D. Tuchman Name: Kenneth D. Tuchman KDT STOCK REVOCABLE TRUST By: /s/ Kenneth D. Tuchman Name: Kenneth D. Tuchman Title: Sole Trustee KDT FAMILY, LLLP By: Mantucket Capital Management Corporation, its general partner By: /s/ Kenneth D. Tuchman Name: Kenneth D. Tuchman Title: Assistant Treasurer MANTUCKET CAPITAL MANAGEMENT CORPORATION By: /s/ Kenneth D. Tuchman Name: Kenneth D. Tuchman Title: Assistant Treasurer

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