secwatch.observer — SEC 8-K summary
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Issuer:     ZoomInfo Technologies Inc. (GTM)
CIK:        0001794515
Form:       8-K
Filed at:   2021-09-07T23:59:59+00:00
Accession:  0001794515-21-000268
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZoomInfo board approves elimination of UP-C structure, move to single-class common stock
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- Board unanimously approved eliminating UP-C structure; all shareholders will hold single-class common stock with one vote per share.
- Target completion in Q4 2021; expects reduced complexity, lower compliance costs, and eligibility for index inclusion.
- Expects to record net assets exceeding $800M from OpCo unit conversion, with deferred tax assets and TRA liabilities over 15-20 years.
- Q2 2021 revenue $174M (+57% YoY); record >1,100 customers with $100K+ annual contract value.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794515/000179451521000268/0001794515-21-000268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794515/000179451521000268/zi-20210907.htm
  HTML page:      https://secwatch.observer/filing/0001794515-21-000268

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer