secwatch.observer — SEC 8-K summary
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Issuer:     HARTE HANKS INC (HHS)
CIK:        0000045919
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000045919-24-000055
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Harte Hanks finalizes pension plan termination with $6.1M cash contribution, $71.9M asset transfer
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- On June 18, 2024, Harte Hanks signed commitment letters with Nationwide to provide pension benefits for Plan I members, effective August 2024.
- Harte Hanks made a $6.1M cash contribution and transferred $71.9M in plan assets to Nationwide, absolving future payment obligations.
- The termination eliminates ongoing pension payments after July 31, 2024 and reduces PBGC insurance premiums, improving cash flow.
- This completes the prior decision to terminate Plan I, effective June 30, 2023, and streamlines the balance sheet.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45919/000004591924000055/0000045919-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45919/000004591924000055/hhs-20240618.htm
  HTML page:      https://secwatch.observer/filing/0000045919-24-000055

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