Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Curtis Campbell departed as President of TaxAct and Blucora Software at AVANTAX, INC..
- Action
- ceased to be an executive officer
- Role
- President of TaxAct and Blucora Software
Exact text from the filing
Curtis Campbell, the President of TaxAct and Blucora Software, transferred to an affiliate of Buyer and ceased to be an executive officer of the Company.
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Mary Zappone departed as Director at AVANTAX, INC..
- Action
- not stand for reelection
- Role
- Director
Exact text from the filing
Steven Aldrich and Mary Zappone notified the Company on December 19, 2022 of their intention not to stand for reelection at the 2023 annual meeting of the Company’s stockholders
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Aldrich departed as Director at AVANTAX, INC..
- Action
- not stand for reelection
- Role
- Director
Exact text from the filing
Steven Aldrich and Mary Zappone notified the Company on December 19, 2022 of their intention not to stand for reelection at the 2023 annual meeting of the Company’s stockholders
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
AVANTAX, INC. completed a disposition involving Franklin Cedar Bidco, LLC, an affiliate of Cinven for $720 million in cash (closed 2022-12-19).
- Action
- disposition
- Counterparty
- Franklin Cedar Bidco, LLC, an affiliate of Cinven
- Consideration
- $720 million in cash
- Closing
- 2022-12-19
Exact text from the filing
On December 19, 2022, Blucora, Inc., a Delaware corporation (the “ Company ”), completed the previously announced sale of its tax software business to Franklin Cedar Bidco, LLC, a Delaware limited liability and an affiliate of Cinven (“ Buyer ”), in accordance with that certain Stock Purchase Agreement, dated as of October 31, 2022 (the “ Purchase Agreement ”), by and among the Company, TaxAct Holdings, Inc. (f/k/a Avantax Holdings, Inc.), a Delaware corporation and a direct subsidiary of the Company (“ TaxAct ”), Buyer and DS Admiral Bidco, LLC, a Delaware limited liability company, for an aggregate purchase price of $720 million in cash, subject to customary purchase price adjustments (the “ Transaction ”).
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