secwatch.observer — SEC 8-K summary
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Issuer:     ZoomInfo Technologies Inc. (GTM)
CIK:        0001794515
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001794515-24-000132
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ZoomInfo Q2 revenue down 6% to $291.5M; CFO Hyzer to depart Sept 6
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794515/000179451524000132/0001794515-24-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794515/000179451524000132/zi-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001794515-24-000132

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