Highest-materiality recent filing
Grant Thornton to acquire CBIZ for $5.0B; Q2 EPS down 53%
Grant Thornton (backed by New Mountain Capital) to acquire CBIZ in all-cash deal, enterprise value $5.0B, or $55.00 per share.
CBIZ discloses material weaknesses, rescission offer for ESPP over-issuance of 481K shares
Up to 481,049 shares purchased in excess of ESPP authorization from Oct 2023 to Apr 2026; voluntary rescission offer with potential payments up to ~$20.2M.
CBIZ to be acquired for $55.00 per share in cash; $5.2B financing committed
Merger consideration of $55.00 per share in cash; Board unanimously approved and recommends adoption.
CBIZ shareholders elect directors, ratify auditor, approve say-on-pay at 2026 annual meeting
Directors Marabito and Young each elected with >38M votes for; broker non-votes ~5.9M.
CBIZ Q1 revenue up 1.3%, net income +31.6%; raises FY adjusted EPS outlook to $4.00-$4.10
Total revenue $849M (+1.3% YoY); Financial Services revenue up 2.1%.
CBIZ reports FY 2025 revenue $2.8B (+52%), adj. EPS $3.61 (+80%); guides FY 2026 higher
Full year total revenue $2.8B, up 52.1%; GAAP EPS $1.83 (+134.6%); adjusted EPS $3.61 (+79.6%).
CBIZ board authorizes 5M share repurchase program through March 2027
Board authorized up to 5M shares for repurchase program expiring March 31, 2027.
CBIZ President of Financial Services Chris Spurio to depart Jan 31, 2026
Chris Spurio will cease serving as President, Financial Services effective January 31, 2026.
CBIZ amends bylaws with majority voting, advance notice rules; sets 2026 meeting deadlines
Adopted majority-of-votes-cast standard for uncontested director elections; plurality for contested.
CBIZ Q3 revenue $693.8M (+58.1%); adjusted EPS $1.01 (+8.5%); guides FY adj. EPS $3.60-3.65
Total revenue $693.8M, up 58.1% YoY; net income $30.1M, down 14.1%; GAAP EPS $0.48, down 31.4%.
CBIZ reports Q2 2025 revenue $683.5M (+62.7% YoY), adj. EPS $0.95 (+63.8%)
Revenue $683.5M (+62.7% YoY); net income $41.9M (+111.9%); GAAP EPS $0.66 (+69.2%).
CBIZ shareholders elect three directors, ratify KPMG, approve executive compensation
Directors elected: Rick Burdick (36.6M for, 7.7M against), Jerome Grisko (43.9M for), Kathy Raffa (44.2M for).
CBIZ amends credit agreement to add Available Amount basket for share repurchases and investments
Second Amendment to credit agreement dated April 29, 2025 adds an Available Amount basket for Investments and Restricted Payments (including share repurchases).
CBIZ Q1 revenue up 69.5%, adjusted EPS $2.29; full-year guidance $2.8-2.95B
Total revenue $838M (+69.5% YoY); net income $122.8M (+59.7%); GAAP diluted EPS $1.91 (+24.8%).
CBIZ Q4 revenue up 40.5% on Marcum acquisition; 2025 adjusted EPS guidance $3.60-$3.65
Q4 revenue $460.3M (+40.5% YoY); same-unit revenue up 6.4%; Marcum acquisition closed Nov 1, 2024.
CBIZ raises executive pay after Marcum acquisition; PSU max payout increased to 300%
Grisko base $1M, LTI $5.2M; Spurio base $875k, LTI $1.8M; Kouzelos base $600k, LTI $1.22M.
CBIZ board renews share repurchase program, authorizes up to 5M shares through March 2026
Board reset share repurchase authorization to 5 million shares; program expires March 31, 2026.
CBIZ appoints Kathy Raffa as independent director; former Marcum D.C. managing partner
Appointment effective Jan. 15, 2025; board expands to ten directors.
CBIZ names Brad Lakhia as next CFO, succeeding retiring Ware Grove effective March 17, 2025
Brad Lakhia appointed SVP & CFO effective March 17, 2025; Ware Grove retiring after 24 years.
CBIZ completes $2.2B Marcum non-attest acquisition; pro forma revenue $2.7B
Aggregate consideration $2.2B, with $1.1B cash and ~14.3M shares of CBIZ common stock (valued at $76.84/sh).
CBIZ closes $2.3B acquisition of Marcum’s non-attest business, expects ~$2.8B combined revenue
Total consideration $2.3B: $637.6M cash to partners, $425.5M for obligations, plus 14.26M shares.
CBIZ Q3 revenue $438.9M (+6.9%), adjusted EPS $0.84 (+27%), reaffirms FY guidance
Revenue $438.9M (+6.9%), same-unit up 5.1%; net income $35.1M (+4.2%).
CBIZ shareholders approve stock issuance for Marcum LLP acquisition
Special Meeting held Oct 23, 2024; 89.2% of shares represented.
CBIZ agrees to buy Marcum in $2.3B cash-and-stock deal; Q4 2024 close
Total consideration ~$2.3B: ~$1.1B cash + ~14.4M shares at $76.84; expected close Q4 2024 subject to approvals.
CBIZ Q2 revenue up 5.4% to $420M; announces $2.3B Marcum acquisition
GAAP EPS $0.39, down 26.4% YoY; adjusted EPS $0.50, down 9.1% including $6.7M Marcum deal costs.
CBIZ stockholders elect four directors, ratify KPMG, approve Say-on-Pay at 2024 annual meeting
All four director nominees elected; votes for ranged from ~31.3M to ~40.7M.
CBIZ Q1 revenue $494.3M (+8.7%), GAAP EPS $1.53 (+6.3%), reaffirms FY24 guidance
Revenue $494.3M, up 8.7% YoY; same-unit revenue grew 5.9%.
CBIZ reports Q4 revenue up 11%, full-year GAAP EPS $2.39; guides FY2024 EPS $2.70-$2.75
Q4 revenue $327.5M (+11.0%); same-unit revenue up 6.8%; net loss $12.7M vs $11.5M loss a year ago.
Board authorized up to 5M shares in open market, privately negotiated, or 10b5-1 plans through March 31, 2025.
CBIZ Q3 2023 revenue $410.5M (+13%), GAAP EPS $0.67 (+26.4%), reaffirms FY guidance
Total revenue $410.5M (+13% YoY); same-unit revenue +8.3%. Net income $33.7M, GAAP diluted EPS $0.67 vs $0.53.
CBIZ Q2 revenue up 10.1% but EPS down 11.7%; raises full-year revenue guidance to 10-12%
Q2 revenue $398.5M (+10.1% YoY); same-unit revenue +4.1%; GAAP EPS $0.53 (down 11.7%).
CBIZ shareholders approve 1.5M share increase to 2019 Omnibus Incentive Plan
All three director nominees (Marabito, Young, Wiley) elected with >34M votes for each.
CBIZ Q1 revenue up 16.1%, GAAP EPS $1.44 (+30.9%), raises full-year outlook to high-end
Revenue $454.6M, +16.1% YoY; same-unit revenue +10.0%.
CBIZ announces retirement of directors DiMartino and Hudson; board to reduce to nine
Joseph S. DiMartino (served since 1997) and Sherrill W. Hudson (served since 2015) will retire at May 10, 2023 annual meeting.
CBIZ reports record FY2022 revenue of $1,412M (+27.8%); GAAP EPS $2.01 (+52.3%)
Q4 revenue $295.0M (+21.5%); same-unit revenue +10.1%.
CBIZ appoints Rodney Young as independent director, renews 5M share buyback
Rodney A. Young appointed independent director effective Feb 6, 2023; CEO of Delta Dental of Minnesota.
CBIZ reports Q3 revenue up 28.5%, EPS up 29.3%; raises full-year guidance
Revenue $363.3M, up 28.5% total and 12.3% same-unit vs Q3 2021.
CBIZ appoints Rick L. Burdick as independent Chairman following death of predecessor
Rick L. Burdick appointed independent Chairman of the Board, effective August 11, 2022.
CBIZ Q2 revenue up 29.9%, GAAP EPS $0.60; raises full-year guidance
Q2 revenue $362.0M (+29.9% YoY); same-unit +11.4%. GAAP EPS $0.60 vs $0.16; adjusted EPS $0.63 vs $0.50.
CBIZ shareholders re-elect three directors, ratify KPMG, approve say-on-pay
Rick L. Burdick, Jerome P. Grisko, Jr., and Benaree Pratt Wiley re-elected with 39.7M, 45.4M, and 39.5M votes for respectively.
CBIZ amends credit facility to $600M, up from $400M, with extended maturity
Total facility increased from $400M to $600M, with an accordion feature permitting an additional $200M.
CBIZ Q1 revenue up 30.3%, GAAP EPS $1.10, adj. EPS $1.18, reaffirms FY guidance
Total revenue $391.7M (+30.3% YoY); same-unit revenue up 9.6%; acquisitions contributed 20.7%.
CBIZ non-executive Chairman Steven L. Gerard dies unexpectedly; Board appoints interim lead
Steven L. Gerard, non-executive Chairman and board member since 2002, passed away on April 12, 2022.
CBIZ reports Q4 revenue up 15% to $242.8M; FY adj. EPS +16.9%; guides FY22 adj. EPS $1.99-$2.03
Full-year 2021 revenue $1,104.9M (+14.6%); same-unit revenue +7.7%.
CBIZ board authorizes up to 5M share buyback through March 31, 2023
Authorization renews existing 5M share repurchase program expiring March 31, 2022.
CBIZ provides M&A strategy update via presentation; no specific deals announced
Presentation discusses M&A strategy and recent acquisitions, released on January 12, 2022.
CBIZ acquires Marks Paneth LLP for $81.25M cash plus earnout; adds $138M revenue
Purchase price ~$81.25M cash at closing plus earnout up to $75.25M (cash & stock) based on performance.
CBIZ Q3 revenue +18.6% to $282.7M; raises FY 2021 guidance on strong demand and acquisitions
Q3 revenue $282.7M, up 18.6% YoY; same-unit revenue +8.3%; GAAP EPS $0.41 (+13.9%).
CBIZ appoints Richard T. Marabito to board, expanding to 11 directors
Board of Directors expanded from 10 to 11 members effective August 12, 2021.
CBIZ Q2 rev up 17.6%, adj EPS up 28.2%; raises FY revenue guidance to 10-12% growth
Revenue $278.6M (+17.6% YoY); same-unit revenue +10.5%. Adjusted EPS $0.50 (+28.2%).
On January 15, 2025, the Board of Directors (the "Board") of CBIZ, Inc. (the "Company") expanded the number of its directors to ten and appointed Ms. Kathy A. Raffa to serve as an independent director.
Directors Joseph S. DiMartino and Sherrill W. Hudson gave notice on March 16, 2023 of their intention to retire from the Board of Directors of CBIZ, Inc. effective at the expiration of their current terms on May 10, 2023.
Directors Joseph S. DiMartino and Sherrill W. Hudson gave notice on March 16, 2023 of their intention to retire from the Board of Directors of CBIZ, Inc. effective at the expiration of their current terms on May 10, 2023.
Effective February 6, 2023, the Board of CBIZ, Inc. (the “Company”) expanded the number of its directors to eleven and appointed Mr. Rodney A. Young to serve as an independent Director of CBIZ, Inc.
It is with great sadness and regret that CBIZ, Inc. announces that Steven L. Gerard, its non-executive Chairman of the Board and a board member since October of 2002, passed away unexpectedly on April 12, 2022
Effective August 12, 2021, the Board of CBIZ, Inc. (the “Company”) expanded the number of its directors to eleven and appointed Mr. Richard T. Marabito to serve as an independent Director of CBIZ, Inc.
Max materiality 1.00 · Median 0.75 · Most common event earnings