secwatch.observer — SEC 8-K summary
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Issuer:     LIVEPERSON INC (LPSN)
CIK:        0001102993
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001102993-23-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

LivePerson amends WildHealth earnout; pays $12M cash, eliminates up to $120M stock earnout
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- LivePerson and WildHealth sellers amended merger agreement; earnout terms replaced with $12M cash payment (paid May 31, 2023) and contingent sale payment up to $23M.
- Previously, earnout was up to $120M in stock over 3-year performance period; now fully satisfied.
- $12M lump sum recorded in Q2 2023; preexisting $40.2M stock accrual eliminated.
- In event of future sale of WildHealth by May 2033, sellers get 30% of equity value, capped at $23M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1102993/000110299323000056/0001102993-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1102993/000110299323000056/lpsn-20230530.htm
  HTML page:      https://secwatch.observer/filing/0001102993-23-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer