Business Context and Reporting Period
This Form 8-K Current Report was filed by SS&C Technologies Holdings, Inc. and its subsidiary SS&C Technologies, Inc. on May 24, 2011. The filing addresses a specific corporate governance event regarding executive compensation arrangements rather than periodic financial performance.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to the amendment of a stock option agreement and does not contain financial statements or operational metrics.
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. On May 24, 2011, the Company entered into an Amended and Restated Stock Option Agreement with Mr. Stone. The amendment changed the underlying security of an existing option (originally granted May 31, 2001) from Common Stock to Class A Non-Voting Common Stock. The number of shares (637,500) and the exercise price ($0.78 per share) remained unchanged.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. The document strictly details the execution of the stock option amendment and lists the attached exhibit.
Investor Verification Checklist
- Verify the terms of the Amended and Restated Stock Option Agreement (Exhibit 10.1) to confirm the conversion to Class A Non-Voting Common Stock.
- Confirm the impact of the non-voting status on Mr. Stone's total voting power and control within the company.
- Review the original 1998 Stock Incentive Plan to understand the context of the 2001 grant.
- Check subsequent filings for any financial impact or accounting treatment related to this amendment.