other material
confidence high
sentiment neutral
materiality 0.55
Skillsoft updates 2022 Form 10-K to reflect SumTotal as discontinued operations after sale
Skillsoft Corp.
- Disposed 100% of Amber Holding Inc. (SumTotal) to Cornerstone OnDemand on August 15, 2022.
- SumTotal reclassified from reportable segment to discontinued operations for all periods presented.
- Updated Item 1, Item 7, and Item 8 of FY2022 10-K filed as Exhibit 99.1.
- No updates for events after FY2022 10-K filing; refer to subsequent SEC reports.