8-K
filed October 8, 2021, 7:59 PM ET
ticker CCSI
CIK 0001866633
other material
confidence high
sentiment neutral
materiality 0.70
Consensus Cloud completes spin-off from Ziff Davis, issues $805M in senior notes
Consensus Cloud Solutions, Inc.
- Completed separation from Ziff Davis on Oct 7, 2021; distributed 80.1% of CCSI shares to ZD shareholders at 1:3 ratio.
- Issued $305M 6.0% senior notes due 2026 and $500M 6.5% senior notes due 2028 in connection with spin-off.
- Jeremy Rossen resigned as President and director; Vithya Aubee resigned as director; four new directors appointed.
- Scott Turicchi named CEO and Interim CFO; John Nebergall COO; Steve Emberland appointed VP, Controller.
- Adopted 2021 Equity Incentive Plan, ESPP, and director compensation: $50K annual cash retainer plus $200K equity.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Turicchi was appointed as Chief Executive Officer and Interim Chief Financial Officer at Consensus Cloud Solutions, Inc..
- Action
- appointed
- Role
- Chief Executive Officer and Interim Chief Financial Officer
Exact text from the filing
Effective October 7, 2021, the individuals listed below have been confirmed and/or appointed, to serve in the following positions: • Scott Turicchi, Chief Executive Officer and Interim Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Vithya Aubee resigned as Director at Consensus Cloud Solutions, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Jeremy Rossen and Vithya Aubee resigned as directors of the Company’s board of directors (the “Board”), effective October 7, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeremy Rossen resigned as President at Consensus Cloud Solutions, Inc..
- Action
- resigned
- Role
- President
Exact text from the filing
Jeremy Rossen also resigned as President of the Company, effective October 7, 2021.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Pamela Sutton-Wallace was appointed as Director at Consensus Cloud Solutions, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective October 7, 2021, the Board appointed the following four directors (in addition to Scott Turicchi and Stephen Ross, each of whom continues to serve as a director of the Company): Douglas Bech, Elaine Healy, Nate Simmons and Pamela Sutton-Wallace.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Douglas Bech was appointed as Director at Consensus Cloud Solutions, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective October 7, 2021, the Board appointed the following four directors (in addition to Scott Turicchi and Stephen Ross, each of whom continues to serve as a director of the Company): Douglas Bech, Elaine Healy, Nate Simmons and Pamela Sutton-Wallace.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Elaine Healy was appointed as Director at Consensus Cloud Solutions, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective October 7, 2021, the Board appointed the following four directors (in addition to Scott Turicchi and Stephen Ross, each of whom continues to serve as a director of the Company): Douglas Bech, Elaine Healy, Nate Simmons and Pamela Sutton-Wallace.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nate Simmons was appointed as Director at Consensus Cloud Solutions, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
Effective October 7, 2021, the Board appointed the following four directors (in addition to Scott Turicchi and Stephen Ross, each of whom continues to serve as a director of the Company): Douglas Bech, Elaine Healy, Nate Simmons and Pamela Sutton-Wallace.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steve Emberland was appointed as Vice President, Controller at Consensus Cloud Solutions, Inc..
- Action
- appointed
- Role
- Vice President, Controller
Exact text from the filing
• Steve Emberland, Controller
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeremy Rossen resigned as Director at Consensus Cloud Solutions, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
each of Jeremy Rossen and Vithya Aubee resigned as directors of the Company’s board of directors (the “Board”), effective October 7, 2021.
View on SEC.gov
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