---
schema_version: "secwatch.filing_event.v1"
accession: "0001023459-24-000078"
form_type: "8-K"
ticker: "SLP"
cik: "0001023459"
company_name: "Simulations Plus, Inc."
filed_at: "2024-06-12T23:59:59+00:00"
generated_at: "2026-06-01T04:46:15.946384+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Simulations Plus acquires Pro-ficiency for $100M cash; deal doubles TAM to $8B, expected accretive to FY2025 EPS

## Summary
- All-cash purchase of Pro-ficiency for $100M; funded from existing cash and investments; no debt retained after deal.
- Deal expected to be accretive to fiscal 2025 EPS; doubles total addressable market to $8B.
- Pro-ficiency provides simulation-enabled solutions for clinical and commercial drug development; expands Simulations Plus along drug development value chain.
- Michael Raymer, former Pro-ficiency CEO, appointed Business Unit President; base salary $325K, 15,000 stock options, up to 25% annual bonus.
- Transaction bonuses of $137,500 to CFO Will Frederick and $13,750 to President Brett Howell for their contributions to the acquisition.

## SEC filing metadata
- accession: 0001023459-24-000078
- form_type: 8-K
- ticker: SLP
- cik: 0001023459
- company_name: Simulations Plus, Inc.
- filed_at: 2024-06-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000078/0001023459-24-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000078/slp-20240611.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001023459-24-000078
- JSON: https://secwatch.observer/filing/0001023459-24-000078.json
- Plain text: https://secwatch.observer/filing/0001023459-24-000078.txt

## Key facts
- Executive change
  Michael Raymer was appointed as Business Unit President at Simulations Plus, Inc..
  - Action: appointed
  - Role: Business Unit President
  source text: on June 11, 2024, Michael Raymer, the chief executive officer of Pro-ficiency pre-Acquisition, was appointed as Business Unit President of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1023459/000102345924000078/0001023459-24-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.