secwatch.observer — SEC 8-K summary
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Issuer:     EBIX INC (—)
CIK:        0000814549
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001193125-24-211238
Event type: other_material
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 1.03, 3.02, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/0001193125-24-211238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814549/000119312524211238/d835884d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-211238

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