Business Context and Reporting Period
This Form 8-K was filed by Donnelley Financial Solutions, Inc. on May 25, 2022, reporting the termination of a material definitive agreement. The registrant is incorporated in Delaware and trades on the NYSE under the symbol DFIN.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed relates to the terminated transaction:
- Nonrefundable Deposit Received: $210,000 (released to the Company prior to termination).
- Original Proposed Purchase Price: $12.5 million (for the Phoenix, Arizona property).
Material Changes
The primary material change is the termination of a Real Estate Sale Agreement dated August 20, 2021, between Donnelley Financial, LLC and HSG Acquisitions LLC. The agreement concerned the sale of the Company's property at 1500 N. Central Avenue, Phoenix, Arizona. The Buyer terminated the agreement on May 25, 2022, exercising its right to do so prior to receiving entitlements for the construction of a mixed-use retail and commercial building.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of general risks. The specific contingency addressed is the failure of the Buyer to secure necessary entitlements, which triggered the termination clause. No unusual items beyond the transaction termination are reported.
Investor Verification Checklist
- Verify the impact of the $210,000 deposit on the Company's current cash position.
- Confirm the current status and future disposition plans for the 1500 N. Central Avenue, Phoenix, Arizona property.
- Review subsequent filings for any new agreements regarding the Phoenix property.