---
schema_version: "secwatch.filing_event.v1"
accession: "0001704720-23-000094"
form_type: "8-K"
ticker: "CNNE"
cik: "0001704720"
company_name: "Cannae Holdings, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:17:58.405234+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cannae repurchases 2.7M shares, records $134M impairments on System1 and Sightline

## Summary
- Repurchased 2.7M shares at avg $19.06, returning $52M; board approved additional 10M share authorization.
- Recorded $63.9M impairment on System1 (SST) and $70M impairment on Sightline Payments in Q3 2023.
- D&B Q3 revenue $589M (above consensus $579M); adj. EBITDA $235M; organic constant-currency growth 4.8%.
- Ceridian: sold 1M CDAY shares for $67M; raised FY guidance; Q3 revenue $377.5M (+19.6%).
- Alight Q3 revenue $813M (+8.4%); adj. EBITDA $158M; $2.7B of 2024 revenue under contract.

## SEC filing metadata
- accession: 0001704720-23-000094
- form_type: 8-K
- ticker: CNNE
- cik: 0001704720
- company_name: Cannae Holdings, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000094/0001704720-23-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000094/cnne-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001704720-23-000094
- JSON: https://secwatch.observer/filing/0001704720-23-000094.json
- Plain text: https://secwatch.observer/filing/0001704720-23-000094.txt

## Key facts
- Earnings Releases
  Cannae Holdings, Inc. reported financial results for third quarter of 2023.
  - Period: third quarter of 2023
  - Result: reported results
  source text: On November 7, 2023, Cannae Holdings, Inc. (the "Company") issued a press release announcing its financial results for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1704720/000170472023000094/0001704720-23-000094-index.htm

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