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 June 24, 2015. The report details the closing of a public offering of common stock and the entry into a material definitive underwriting agreement.
Key Financial Metrics and Transaction Details
- Transaction Type: Public offering of common stock.
- Shares Issued: 12,075,000 shares total (10,500,000 base shares plus 1,575,000 shares from the full exercise of the underwriters' option).
- Offering Price: $61.50 per share.
- Underwriters: Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc.
- Financial Metrics: The filing text does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the company's operations.
Material Changes
The primary material change is the increase in the company's share count and capitalization resulting from the issuance of 12,075,000 shares of Common Stock. The underwriters exercised their 30-day option to purchase the additional 1,575,000 shares in full.
Guidance, Outlook, and Risks
The filing does not contain management commentary on future guidance, outlook, or specific operational risks. The document focuses strictly on the execution of the underwriting agreement and the closing of the offering. Legal opinions regarding the issuance were provided by Davis Polk & Wardwell LLP.
Key Facts for Investor Verification
- Verify the total gross proceeds from the offering by multiplying 12,075,000 shares by the $61.50 offering price.
- Confirm the dilution impact on existing shareholders due to the issuance of 12,075,000 new shares.
- Review the full Underwriting Agreement (Exhibit 1.1) for details on underwriting discounts, commissions, and indemnification provisions.
- Check the press release (Exhibit 99.1) for the intended use of proceeds from the offering.