Ebix enters forbearance agreement with lenders, defaults acknowledged; board appoints two independent directors

EBIX INC

Forbearance period from Sept 29 to Nov 15, 2023; lenders will not exercise remedies for specified defaults.
Acknowledged existing defaults and potential defaults; default interest accrues at Base Rate + Applicable Margin + 2%.
Milestone: by Oct 31, 2023, Ebix must agree with required lenders on amendment or alternative repayment transaction.
Milestone: by Oct 31, deliver carve-out plan and transition service agreement for sale of certain US assets.
Board expanded from 8 to 10; appointed independent directors Jill Krueger and Elizabeth LaPuma effective Sept 29.

item 1.01 item 5.02 item 5.03 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Elizabeth LaPuma

Director

EBIX INC

Effective: 2023-09-29
Filed: October 2, 2023, 7:59 PM ET

On September 29, 2023, the Company announced the appointment of Jill Krueger and Elizabeth LaPuma, effective September 29, 2023.

Appointed

Jill Krueger

Director

EBIX INC

Effective: 2023-09-29
Filed: October 2, 2023, 7:59 PM ET

On September 29, 2023, the Company announced the appointment of Jill Krueger and Elizabeth LaPuma, effective September 29, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Elizabeth LaPuma was appointed as Director at EBIX INC.

Action: appointed
Role: Director

Exact text from the filing

On September 29, 2023, the Company announced the appointment of Jill Krueger and Elizabeth LaPuma, effective September 29, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jill Krueger was appointed as Director at EBIX INC.

Action: appointed
Role: Director

Exact text from the filing

On September 29, 2023, the Company announced the appointment of Jill Krueger and Elizabeth LaPuma, effective September 29, 2023.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

EBIX INC: Amendment to Section 3.02 of Amended and Restated Bylaws expanding the size of the Board from eight to ten members (effective 2023-09-29).

Change: bylaw amendment
Effective: 2023-09-29

Exact text from the filing

On September 29, 2023, the Board approved an amendment to Section 3.02 of the Company’s Amended and Restated Bylaws. The amendment expands the size of the Board from eight to ten members and became effective on September 29, 2023.

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-23-248482

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