Business Context and Reporting Period
This Form 8-K was filed by SS&C Technologies Holdings, Inc. on March 7, 2013, reporting events occurring on March 10, 2013. The registrant is a Delaware corporation and the parent company of SS&C Technologies, Inc.
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 a specific executive compensation arrangement.
Material Changes
The primary material change reported is the amendment of a stock option agreement for William C. Stone, Chairman of the Board and Chief Executive Officer. The option, originally granted on April 8, 2003, was amended to change the underlying security class while maintaining the share count and exercise price.
Management Commentary and Unusual Items
- Executive Compensation: On March 10, 2013, the Company and Mr. Stone entered into an Amended and Restated Stock Option Agreement.
- Option Details: The option covers 1,275,000 shares with an exercise price of $1.89 per share.
- Security Class Change: The option was amended to purchase Class A Non-Voting Common Stock instead of Common Stock.
- Exhibits: The full agreement is attached as Exhibit 10.1.
Investor Verification Checklist
- Verify the terms of the Amended and Restated Stock Option Agreement in Exhibit 10.1.
- Confirm the impact of the change from Common Stock to Class A Non-Voting Common Stock on voting rights and economic value.
- Review the 1998 Stock Incentive Plan to understand the original grant conditions.