---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-211238"
form_type: "8-K"
ticker: null
cik: "0000814549"
company_name: "EBIX INC"
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:54:22.231730+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Ebix exits Chapter 11; common stock cancelled, new equity issued to Plan Sponsor

## Summary
- Existing common stock cancelled without consideration; 30.9M shares worthless.
- Plan Sponsor (Eraaya Lifespaces, Vikas Lifecare, Vitasta Software) receives 100% of reorganized equity.
- Board reconstituted: Robin Raina (CEO) and Dr. Vikas K. Garg; CFO Amit Kumar Garg resigned.
- Company will file Form 15 to deregister and cease SEC reporting; OTC Pink listing to end.
- Litigation Trust established with Broadbent Advisors; GUC Recovery Pool for General Unsecured Claims.

## SEC filing metadata
- accession: 0001193125-24-211238
- form_type: 8-K
- cik: 0000814549
- company_name: EBIX INC
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 1.03, 3.02, 3.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/d835884d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-211238
- JSON: https://secwatch.observer/filing/0001193125-24-211238.json
- Plain text: https://secwatch.observer/filing/0001193125-24-211238.txt

## Key facts
- Distress & Bankruptcy
  EBIX INC entered chapter 11.
  - Proceeding: chapter 11
  source text: On the Effective Date, the Plan became effective pursuant to its terms and the Debtors filed a Notice of Occurrence of Effective Date (the “ Effective Date Notice ”) with the Bankruptcy Court.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Rolf Herter departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Neil D. Eckert departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Pavan Bhalla departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Robin Raina departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Robin Raina was appointed as Director at EBIX INC.
  - Action: appointed
  - Role: Director
  source text: the board of directors of the Company (the “ Board ”) consists of the following two directors: Robin Raina and Dr. Vikas K. Garg.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Amit Kumar Garg resigned as Chief Financial Officer at EBIX INC.
  - Action: resigned
  - Role: Chief Financial Officer
  source text: In addition, Amit Kumar Garg resigned as Chief Financial Officer of the Company as of the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Elizabeth A. LaPuma departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Jill M. Krueger departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Hans U. Keller departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Priyanka Kaul departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Dr. Vikas K. Garg was appointed as Director at EBIX INC.
  - Action: appointed
  - Role: Director
  source text: the board of directors of the Company (the “ Board ”) consists of the following two directors: Robin Raina and Dr. Vikas K. Garg.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  George W. Hebard III departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
- Executive change
  Hans U. Benz departed as Director at EBIX INC.
  - Action: ceased
  - Role: Director
  source text: Robin Raina, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans U. Keller, George W. Hebard III, Priyanka Kaul, Elizabeth A. LaPuma, and Jill M. Krueger ceased to be directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm

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