SS&C Technologies Files 8-K on Financials and Other Events

Ticker: SSNC · Form: 8-K · Filed: 2024-07-25T00:00:00.000Z

Sentiment: neutral

Topics: 8-K, financial-condition, sec-filing

TL;DR

SS&C Tech filed an 8-K. Standard financial and event update.

AI Summary

On July 25, 2024, SS&C Technologies Holdings, Inc. filed an 8-K report. The filing primarily concerns the company's financial condition and other events, including the submission of financial statements and exhibits. No specific financial figures or significant operational updates were detailed in the provided excerpt.

Why It Matters

This filing indicates that SS&C Technologies is providing updates on its financial condition and other corporate events to the SEC, which is standard practice for publicly traded companies.

Risk Assessment

Risk Level: low — The filing is a routine 8-K report detailing financial condition and other events, without immediate significant new information or changes.

Key Players & Entities

FAQ

What is the primary purpose of this 8-K filing for SS&C Technologies Holdings, Inc.?

The primary purpose of this 8-K filing is to report on the company's Results of Operations and Financial Condition, as well as Other Events, including the submission of Financial Statements and Exhibits.

On what date was this 8-K filing made?

This 8-K filing was made on July 25, 2024.

What is the exact name of the registrant filing this report?

The exact name of the registrant is SS&C Technologies Holdings, Inc.

Where are SS&C Technologies Holdings, Inc.'s principal executive offices located?

SS&C Technologies Holdings, Inc.'s principal executive offices are located at 80 Lamberton Road, Windsor, CT 06095.

What is the Commission File Number for SS&C Technologies Holdings, Inc.?

The Commission File Number for SS&C Technologies Holdings, Inc. is 001-34675.

Filing Stats: 786 words · 3 min read · ~3 pages · Grade level 11.1 · Accepted 2024-07-25 16:14:46

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On July 25, 2024, SS&C Technologies Holdings, Inc. (the "Company") announced its financial results for the quarter ended June 30, 2024. The full text of the press release and earnings release presentation issued in connection with the announcement are furnished as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K. The information in this Form 8-K (including Exhibits 99.1 and 99.2) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (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 Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Other Events

Item 8.01. Other Events On July 25, 2024, the Company announced that as part of its capital allocation strategy to maximize stockholder value, its Board of Directors (the "Board") has authorized the renewal of the stock repurchase program, which will enable the Company to repurchase up to $1 billion in the aggregate of the Company's outstanding shares of common stock. Under the renewed program, the Company's proposed repurchases may be made from time to time in one or more transactions on the open market or in privately negotiated purchase and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company's stock plans and for other corporate purposes. The Company's authority to repurchase shares under the renewed program shall continue until the one-year anniversary of the Board's authorization, unless earlier terminated by the Board.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits The following exhibits relating to Item 2.02 shall be deemed to be furnished, and not filed: 99.1 Press Release, issued by the Company on July 25, 2024. 99.2 Q2 2024 Earnings Presentation dated July 25, 2024. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL SIGNATURE 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. SS&C TECHNOLOGIES HOLDINGS, INC. Date: July 25, 2024 By: /s/ Brian N. Schell Brian N. Schell Executive Vice President and Chief Financial Officer

View on Read The Filing