---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-248482"
form_type: "8-K"
ticker: null
cik: "0000814549"
company_name: "EBIX INC"
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:41:52.074545+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-248482
- form_type: 8-K
- cik: 0000814549
- company_name: EBIX INC
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814549/000119312523248482/0001193125-23-248482-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814549/000119312523248482/d562344d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-248482
- JSON: https://secwatch.observer/filing/0001193125-23-248482.json
- Plain text: https://secwatch.observer/filing/0001193125-23-248482.txt

## Key facts
- Executive change
  Elizabeth LaPuma was appointed as Director at EBIX INC.
  - Action: appointed
  - Role: Director
  source text: On September 29, 2023, the Company announced the appointment of Jill Krueger and Elizabeth LaPuma, effective September 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312523248482/0001193125-23-248482-index.htm
- Executive change
  Jill Krueger was appointed as Director at EBIX INC.
  - Action: appointed
  - Role: Director
  source text: On September 29, 2023, the Company announced the appointment of Jill Krueger and Elizabeth LaPuma, effective September 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312523248482/0001193125-23-248482-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312523248482/0001193125-23-248482-index.htm

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