---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-129321"
form_type: "8-K"
ticker: "CLVT"
cik: "0001764046"
company_name: "CLARIVATE PLC"
filed_at: "2022-12-22T23:59:59+00:00"
generated_at: "2026-06-21T00:09:35.036114+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Clarivate adopts tax benefits preservation plan to protect over $1.0B in NOLs

## Summary
- Board declared dividend of one preferred share purchase right per ordinary share payable Jan 1, 2023.
- Plan triggers at 4.9% ownership; existing 4.9%+ shareholders grandfathered but cannot acquire more.
- Rights become exercisable at $42 per share, entitling holder to purchase shares/units worth twice that.
- Plan expires Oct 31, 2023, unless earlier terminated or redeemed at $0.001 per right.
- As of Sep 30, 2022, Clarivate estimated U.S. federal NOL and interest carryforwards exceed $1.0 billion.

## SEC filing metadata
- accession: 0001104659-22-129321
- form_type: 8-K
- ticker: CLVT
- cik: 0001764046
- company_name: CLARIVATE PLC
- filed_at: 2022-12-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1764046/000110465922129321/0001104659-22-129321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1764046/000110465922129321/tm2233303d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-129321
- JSON: https://secwatch.observer/filing/0001104659-22-129321.json
- Plain text: https://secwatch.observer/filing/0001104659-22-129321.txt

## Key facts
- Governance Changes
  CLARIVATE PLC: Board approved Statement of Rights establishing Preferred Shares in connection with Tax Benefits Preservation Plan.
  - Change: charter amendment
  source text: In connection with the adoption of the Tax Benefits Preservation Plan referenced in Item 3.03 above, the Board of Directors approved the Statement of Rights establishing the Preferred Shares and the rights, preferences and privileges thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1764046/000110465922129321/0001104659-22-129321-index.htm

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