---
schema_version: "secwatch.filing_event.v1"
accession: "0001704720-23-000034"
form_type: "8-K"
ticker: "CNNE"
cik: "0001704720"
company_name: "Cannae Holdings, Inc."
filed_at: "2023-03-17T23:59:59+00:00"
generated_at: "2026-06-17T23:37:44.864923+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Cannae settles derivative suit for $6M; governance reforms and fee cuts

## Summary
- Settlement includes $6M cash payment to Cannae; court hearing set for June 8, 2023 to approve.
- Governance changes: creation of Related Person Transaction Committee and new policy.
- Management fee from Trasimene reduced from 1.5% to 1.25% for assets >$2.5B; termination fee capped.
- Cannae to receive 75.1% ownership in Trasimene's broker-dealer business.
- Settlement resolves claims over ISIP compensation, Ceridian IPO awards, and externalization.

## SEC filing metadata
- accession: 0001704720-23-000034
- form_type: 8-K
- ticker: CNNE
- cik: 0001704720
- company_name: Cannae Holdings, Inc.
- filed_at: 2023-03-17T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000034/0001704720-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000034/cnne-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704720-23-000034
- JSON: https://secwatch.observer/filing/0001704720-23-000034.json
- Plain text: https://secwatch.observer/filing/0001704720-23-000034.txt

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