secwatch.observer — SEC 8-K summary
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Issuer:     INTUIT INC. (INTU)
CIK:        0000896878
Form:       8-K
Filed at:   2021-11-01T23:59:59+00:00
Accession:  0001193125-21-314683
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intuit completes $12B acquisition of Mailchimp with cash and stock
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- Total consideration approx. $12B: $5.7B cash, 10.1M shares valued at ~$6.3B, plus RSUs.
- Cash portion funded by $4.7B term loan under new $5.7B credit facility ($4.7B term + $1B revolver).
- Mailchimp provides customer engagement platform; integration with QuickBooks planned to create end-to-end customer growth platform.
- Credit agreement replaces prior $1.4B facility; matures Nov 2024 (term) and Nov 2026 (revolver).
- Intuit also granted $200M retention RSUs to Mailchimp employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/896878/000119312521314683/0001193125-21-314683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/896878/000119312521314683/d147355d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-314683

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