--- schema_version: "secwatch.filing_event.v1" accession: "0000950170-24-097477" form_type: "8-K/A" ticker: null cik: "0001752474" company_name: "KLDiscovery Inc." filed_at: "2024-08-15T23:59:59+00:00" generated_at: "2026-05-31T09:03:18.573656+00:00" event_type: "other_material" sentiment: "positive" materiality_score: 1.0 calibrated_materiality_score: 1.0 confidence: "high" source: SEC EDGAR --- # KLDiscovery completes restructuring; debentures exchanged for 96% equity; new $50M loan at 17% ## Summary - Convertible debentures exchanged for 96% of fully-diluted common stock; old equity holders diluted to 4%. - Entered $50M second-lien loan at 17% PIK interest; proceeds used to repay credit facility and transaction costs. - Term loan maturity extended 18 months to August 2027; rate increased 100 bps; commitment fee 0.75%. - Board reduced to 7 directors; MGG and OTPP each designate two; CEO Chris Weiler remains; new chair Michael Suchsland. - New certificate authorizes 2.5B Class A, 1B Class B-1, 1B Class B-2 shares with differentiated voting rights. ## SEC filing metadata - accession: 0000950170-24-097477 - form_type: 8-K/A - cik: 0001752474 - company_name: KLDiscovery Inc. - filed_at: 2024-08-15T23:59:59+00:00 - event_type: other_material - sentiment: positive - materiality_score: 1.0 - calibrated_materiality_score: 1.0 - confidence: high - sec_items: 3.02, 1.01, 1.02, 2.03, 5.03, 5.01, 5.02, 5.07, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/kldi-20240815.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950170-24-097477 - JSON: https://secwatch.observer/filing/0000950170-24-097477.json - Plain text: https://secwatch.observer/filing/0000950170-24-097477.txt ## Key facts - Executive change Michael Suchsland was appointed as Chairperson of the Board at KLDiscovery Inc.. - Action: selected - Role: Chairperson of the Board source text: the Board selected Michael Suchsland as the new Chairperson of the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Jill Frizzley resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Arjun Shah resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Dale Stohr was appointed as director at KLDiscovery Inc.. - Action: became - Role: director source text: Kevin Griffin, Lee Sienna, Dale Stohr, Mike Suchsland, Anthony Waszkiewicz and Christopher J. Weiler became the directors of the Company in accordance with the New Certificate and the New Stockholders Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Mike Suchsland was appointed as director at KLDiscovery Inc.. - Action: became - Role: director source text: Kevin Griffin, Lee Sienna, Dale Stohr, Mike Suchsland, Anthony Waszkiewicz and Christopher J. Weiler became the directors of the Company in accordance with the New Certificate and the New Stockholders Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Christopher J. Weiler resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Christopher J. Weiler was appointed as director at KLDiscovery Inc.. - Action: became - Role: director source text: Kevin Griffin, Lee Sienna, Dale Stohr, Mike Suchsland, Anthony Waszkiewicz and Christopher J. Weiler became the directors of the Company in accordance with the New Certificate and the New Stockholders Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Richard Williams resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Kevin Griffin resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Neal P. Goldman resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Ian Fujiyama resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Evan Morgan resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Lawrence Prior III resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Lee Sienna was appointed as director at KLDiscovery Inc.. - Action: became - Role: director source text: Kevin Griffin, Lee Sienna, Dale Stohr, Mike Suchsland, Anthony Waszkiewicz and Christopher J. Weiler became the directors of the Company in accordance with the New Certificate and the New Stockholders Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Anthony Waszkiewicz was appointed as director at KLDiscovery Inc.. - Action: became - Role: director source text: Kevin Griffin, Lee Sienna, Dale Stohr, Mike Suchsland, Anthony Waszkiewicz and Christopher J. Weiler became the directors of the Company in accordance with the New Certificate and the New Stockholders Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Lauren Tanenbaum resigned as member of the board of directors at KLDiscovery Inc.. - Action: resigned - Role: member of the board of directors source text: each of Ian Fujiyama, Jill Frizzley, Neal P. Goldman, Kevin Griffin, Evan Morgan, Lawrence Prior III, Arjun Shah, Lauren Tanenbaum, Christopher J. Weiler and Richard Williams resigned from his or her respective position as a member of the Company’s board of directors, and any committee thereof, effective as of the Closing evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - Executive change Kevin Griffin was appointed as director at KLDiscovery Inc.. - Action: became - Role: director source text: Kevin Griffin, Lee Sienna, Dale Stohr, Mike Suchsland, Anthony Waszkiewicz and Christopher J. Weiler became the directors of the Company in accordance with the New Certificate and the New Stockholders Agreement. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm - M&A Transactions KLDiscovery Inc. underwent a change of control involving the Debenture Holders (affiliates of Ontario Teachers’ Pension Plan Board and MGG Investment Group LP) (closed 2024-08-14). - Action: change of control - Counterparty: the Debenture Holders (affiliates of Ontario Teachers’ Pension Plan Board and MGG Investment Group LP) - Closing: 2024-08-14 source text: As a result of the consummation of the Debenture Exchange, a change in control of the Company occurred and the Debenture Holders acquired control of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1752474/000095017024097477/0000950170-24-097477-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.