secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001704720-23-000081
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae amends management agreement; fee cut to 1.25% above $2.5B, termination fee reduced to $20M
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- Management fee reduced from 1.5% to 1.25% for Cost of Invested Capital over $2.5 billion.
- Base termination fee cut from ~$40M to $20M; $40M if triggered by third-party change of control.
- New Related Person Transaction Committee required to review affiliate transactions.
- Amended MSA has five-year initial term with automatic one-year renewals.
- Effective September 30, 2023; amends and restates prior 2019 agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472023000081/0001704720-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472023000081/cnne-20230930.htm
  HTML page:      https://secwatch.observer/filing/0001704720-23-000081

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