---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-090231"
form_type: "8-K"
ticker: "ABM"
cik: "0000771497"
company_name: "ABM INDUSTRIES INC /DE/"
filed_at: "2021-07-08T23:59:59+00:00"
generated_at: "2026-06-30T06:44:54.170751+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ABM agrees to $140M settlement of California overtime class action; $110M reserve in Q3

## Summary
- Settlement of consolidated Bucio case for $140M, covering meal period, travel expense, and split shift claims from 2002-2013.
- Company to record $110M additional reserve in fiscal Q3 2021, supplementing $30M previously reserved.
- No admission of wrongdoing; settlement subject to court approval; final payments after approval.
- Full-year adjusted income guidance unchanged; GAAP guidance to be updated with Q3 results.
- Trial scheduled for July 12 avoided; legacy timekeeping system not in use since 2013.

## SEC filing metadata
- accession: 0001104659-21-090231
- form_type: 8-K
- ticker: ABM
- cik: 0000771497
- company_name: ABM INDUSTRIES INC /DE/
- filed_at: 2021-07-08T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/771497/000110465921090231/0001104659-21-090231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/771497/000110465921090231/tm2121488d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-090231
- JSON: https://secwatch.observer/filing/0001104659-21-090231.json
- Plain text: https://secwatch.observer/filing/0001104659-21-090231.txt

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