Dayforce transfers pension obligations for 6,200 participants to Nationwide Life

Dayforce, Inc.

Dayforce entered a commitment agreement with Nationwide Life to transfer all defined benefit pension obligations via a group annuity contract.
The contract covers approximately 6,200 current and former U.S. employees; benefit amounts remain unchanged.
The transfer will be funded by Plan assets plus a ~$7M cash contribution from Dayforce.
Expects a one-time non-cash pre-tax pension settlement charge of ~$170M to $190M in Q3 2025.
Insurer makes irrevocable commitment to pay benefits from December 1, 2025 onward.

item 8.01

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