Business Context and Reporting Period
This Form 8-K is filed by Thryv Holdings, Inc. on August 10, 2026. The report addresses corporate governance and compensation matters following a recently announced restructuring of the Company. The primary focus is the modification of executive and employee incentive plans to align with revised second-half 2026 business priorities.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current report regarding a change in compensatory arrangements and does not contain financial statement data.
Material Changes
The Company terminated its 2026 Short-Term Incentive Plan (2026 STIP) and replaced it with the H2 2026 Short-Term Incentive Plan (the "Bridge Plan"), effective July 1, 2026. This change was necessitated by a restructuring that altered the Company's second-half business plan and operating priorities. Key modifications include:
- Performance Period: Reduced from the full year 2026 to the period of July 1, 2026, through December 31, 2026.
- Target Opportunity: Prorated to 50% of the annual target opportunity under the original 2026 STIP.
- Targets: Updated to reflect the revised business plan and operating priorities.
Guidance, Outlook, and Risks
Management commentary indicates that the original 2026 STIP targets, approved in December 2025, were no longer appropriate due to the restructuring. The Bridge Plan is designed to align incentives with the new strategic direction for the remainder of the fiscal year. The filing does not provide specific forward-looking financial guidance or discuss new material risks beyond the operational shift implied by the restructuring.
Investor Verification Checklist
- Verify the specific financial performance targets set in the new Bridge Plan (Exhibit 10.1) to understand the revised operational goals.
- Review the details of the "recently announced restructuring" referenced in the filing to assess the scope of the business plan changes.
- Confirm the impact of the plan termination on the compensation of Named Executive Officers.
- Check subsequent filings for any financial results that reflect the impact of the restructuring on the second half of 2026.