8-K
filed August 5, 2024, 7:59 PM ET
ticker GTM
CIK 0001794515
earnings
confidence high
sentiment negative
materiality 0.80
ZoomInfo Q2 revenue down 6% to $291.5M; CFO Hyzer to depart Sept 6
ZoomInfo Technologies Inc.
2024-Q2 EPS reported
-$0.02
revenue$601,600,000
- Q2 revenue $291.5M (-6% YoY); GAAP net loss $0.07/diluted share; adjusted EPS $0.17.
- GAAP operating loss $20.0M; adjusted operating income $81.6M (-35% YoY); incremental $33M charges on collectibility change.
- CFO Cameron Hyzer to step down effective Sept 6; VP of FP&A Graham O'Brien named interim CFO; permanent search underway.
- Board appoints Domenic Maida and Owen Wurzbacher as independent directors; Todd Crockett resigns.
- Repurchased 10.8M shares at avg $13.65 for $147.4M; repriced credit agreement to S+175 saving ~$3M annually.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michael Graham O'Brien was appointed as Interim Chief Financial Officer at ZoomInfo Technologies Inc..
- Action
- assume
- Role
- Interim Chief Financial Officer
Exact text from the filing
In connection with Mr. Hyzer’s departure, Michael Graham O’Brien will assume the role of interim CFO and PFO, effective as of September 6, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Domenic Maida was appointed as Director at ZoomInfo Technologies Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On August 5, 2024, the Company announced the appointment of Domenic Maida and Owen Wurzbacher to its Board of Directors (“Board”), effective as of August 6, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Todd Crockett resigned as Director at ZoomInfo Technologies Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
These appointments follow the resignation of Todd Crockett, which was received and became effective July 30, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Owen Wurzbacher was appointed as Director at ZoomInfo Technologies Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
On August 5, 2024, the Company announced the appointment of Domenic Maida and Owen Wurzbacher to its Board of Directors (“Board”), effective as of August 6, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Cameron Hyzer departed as Chief Financial Officer at ZoomInfo Technologies Inc..
- Action
- depart
- Role
- Chief Financial Officer
Exact text from the filing
On August 5, 2024, the Company announced that the Board and Peter Cameron Hyzer, the Company’s Chief Financial Officer (“CFO”), have agreed that Mr. Hyzer will depart from his position as CFO and principal financial officer (“PFO”), effective as of September 6, 2024.
View on SEC.gov
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