SS&C Technologies Holdings Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by SS&C Technologies Holdings, Inc. on November 23, 2015, covering events that occurred on November 19, 2015. The filing addresses changes to the Board of Directors and related compensatory arrangements.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes rather than financial performance.
Material Changes
- Director Departure: Allan M. Holt retired as a Class III director, and the Board accepted his resignation on November 19, 2015.
- Director Election: The Board elected Smita Conjeevaram as a Class III director to serve until the 2016 Annual Meeting of Stockholders.
- Compensatory Arrangement: Ms. Conjeevaram was granted an option to purchase 21,250 shares of common stock. The exercise price was set at $73.88 per share, matching the closing price on the grant date. The option was 100% vested immediately upon grant.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary on operations, risks, contingencies, or unusual items. The document is limited to the disclosure of the director transition and the associated stock option grant.
Key Facts for Investor Verification
- Confirmation of the effective date of Allan M. Holt's retirement and Smita Conjeevaram's election.
- Verification of the stock option grant details: 21,250 shares at $73.88 per share with immediate 100% vesting.
- Review of the attached Press Release (Exhibit 99.1) for additional context on the Board composition changes.