MAXIMUS, INC. amended Second Amendment to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., in its capacity as administrative agent, the loan parties party thereto and the other lenders and financial institutions party thereto valued at $325,000,000 (effective 2026-05-27).
“On May 27, 2026 (the “Amendment Date”), Maximus, Inc. (the “Company”) entered into the Second Amendment to Amended and Restated Credit Agreement (the “Amendment”) with JPMorgan Chase Bank, N.A., in its capacity as administrative agent, the loan parties party thereto and the other lenders and financial institutions party thereto, which amended that certain Amended and Restated Credit Agreement, dated as of May 30, 2024 (as amended by the First Amendment to Amended and Restated Credit Agreement, dated as of March 20, 2025, the “Credit Agreement), by and among the Company, as borrower, JPMorgan Chase Bank, N.A., in its capacity as administrative agent, collateral agent, an issuing lender and swing line lender, and the other lenders and financial institutions from time to time party thereto.”
Debt Financings
MAXIMUS, INC. incurred term loan of $325,000,000 with JPMorgan Chase Bank, N.A. at same terms as the existing term B loans.
“The Amendment provides for new term B loans in an aggregate principal amount of $325,000,000 (the “Tranche B-1 Term Loans”) in the form of an increase to the existing term B loans”
Earnings Releases
MAXIMUS, INC. reported the three and six months ended March 31, 2026 results: revenue $1.31 billion, EPS $1.80. Guidance raised.
“Maximus Reports Fiscal Year 2026 Second Quarter Results Raises earnings outlook and announces $400 million share repurchase program (Tysons, Va. - May 7, 2026 ) - Maximus (NYSE: MMS), a leading provider of government services, reported financial results for the three and six months ended March 31, 2026. Highlights for the second quarter of fiscal year 2026 include: • Revenue of $1.31 billion was consistent with our full fiscal year 2026 expectations, and compares to $1.36 billion for the prior year period. • Diluted earnings per share were $1.80 and adjusted diluted earnings per share were $2.07, compared to $1.69 and $2.01, respectively, for the prior year period.”
Governance Changes
MAXIMUS, INC.: Amended and restated by-laws to revise advance notice disclosure requirements for shareholder proposals, including stock ownership, derivative instruments, performance fees, and compliance certifications; also revised notice-of-meeting provisions and made technical changes (effective 2025-06-10).
“On June 10, 2025, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of Maximus, Inc. (the “Company”) approved and adopted Amended and Restated By-laws of the Company (as so amended and restated, the “By-laws”). The By-laws became effective immediately upon approval by the Board.”
Auditor Changes
MAXIMUS, INC. engaged KPMG LLP as its auditor.
“and (ii) the engagement of KPMG LLP (“KPMG”) to serve as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2025”
Auditor Changes
MAXIMUS, INC. dismissed Ernst & Young LLP as its auditor.
“approved (i) the dismissal of Ernst & Young LLP (“EY”), the Company’s current independent registered public accounting firm, effective as of the date hereof”
Earnings Releases
MAXIMUS, INC. reported three months ended March 31, 2024 results: revenue $1.35 billion, EPS $1.31. Guidance raised.
“reported financial results for the three and six months ended March 31, 2024. Highlights for the second quarter of fiscal year 2024 include: • Revenue increased 11.7% to $1.35 billion, compared to $1.21 billion for the prior year period. Organic growth was 12.6% and driven by expanded programs in the domestic segments and resumed Medicaid-related activities. •”
Shareholder Votes
MAXIMUS, INC. shareholders rejected Shareholder proposal regarding third party assessment on commitment to freedom of association and collective bargaining rights at the 2024-03-12 meeting.
“(d) Against a shareholder proposal regarding the commission of a third party assessment on the Company’s commitment to freedom of association and collective bargaining rights.”
Shareholder Votes
MAXIMUS, INC. shareholders approved Advisory vote on compensation of named executive officers at the 2024-03-12 meeting.
“(c) To approve, on an advisory basis, the compensation of the named executive officers, as disclosed in the compensation discussion and analysis, the compensation tables and any related material contained in the proxy statement.”
Shareholder Votes
MAXIMUS, INC. shareholders approved Ratify the appointment of Ernst & Young LLP as independent registered accounting firm for 2024 fiscal year at the 2024-03-12 meeting.
“(b) To ratify the appointment of Ernst & Young LLP as our independent registered accounting firm for our 2024 fiscal year.”
Shareholder Votes
MAXIMUS, INC. shareholders approved Election of eight directors for one-year terms expiring at the 2025 Annual Meeting at the 2024-03-12 meeting.
“(a) To elect Anne K. Altman, Bruce L. Caswell, John J. Haley, Jan D. Madsen, Richard A. Montoni, Gayathri Rajan, Raymond B. Ruddy and Michael J. Warren as directors for one-year terms expiring at the 2025 Annual Meeting of Shareholders.”
Teresa A. Weipert departed as General Manager, U.S. Federal Services at MAXIMUS, INC..
“On February 27, 2024, Maximus, Inc. (the “Company”) announced that Teresa A. Weipert, General Manager, U.S. Federal Services is departing the Company.”
Earnings Releases
MAXIMUS, INC. reported fiscal year 2024 results: EPS adjusted diluted earnings per share by $0.15. Guidance raised.
“The company is raising earnings and free cash flow guidance for fiscal year 2024. Adjusted operating income guidance is increasing by $15 million, adjusted diluted earnings per share by $0.15, and free cash flow by $10 million.”
Earnings Releases
MAXIMUS, INC. reported fiscal year and fourth quarter ended September 30, 2023 results: revenue Full year $4.90 billion; fourth quarter $1.26 billion, EPS Full year diluted $2.63; fourth quarter diluted $0.96. Guidance initiated.
“Highlights for the fourth quarter and full fiscal year 2023 include: • Full year revenue increased 5.9% to $4.90 billion, compared to $4.63 billion for the prior year. Organic growth was 7.1% and driven by higher volumes on key programs in the U.S. segments. Fourth quarter revenue grew 7.0%, or 7.4% on an organic basis. • Full year diluted earnings per share were $2.63, and adjusted diluted earnings per share were $3.83. Fourth quarter diluted earnings per share were $0.96, and adjusted diluted earnings per share were $1.29. Excluding the previously disclosed cybersecurity incident, adjusted earnings per share were $4.18 and $1.38 for the full year and fourth quarter, respectively, of fiscal year 2023. • Record contract backlog of $20.7 billion at September 30, 2023, or 4 times trailing twelve months revenue, and signed contract awards totaling $6.1 billion in fiscal year 2023. • A quarterly cash dividend of $0.30 per share payable on November 30, 2023, to shareholders of record on Nov”
Earnings Releases
MAXIMUS, INC. reported the three and nine months ended June 30, 2023 results: revenue $1.19 billion, EPS $0.50. Guidance reaffirmed.
“reported financial results for the three and nine months ended June 30, 2023. Highlights for the third quarter of fiscal year 2023 include: • Revenue increased 5.6% to $1.19 billion, compared to $1.13 billion for the prior year period. Organic growth was 6.7% and driven by higher volumes on key programs in the U.S. segments. • Diluted earnings per share were”
Earnings Releases
MAXIMUS, INC. reported the three and six months ended March 31, 2023 results: revenue $1.21 billion, EPS $0.52. Guidance reaffirmed.
“reported financial results for the three and six months ended March 31, 2023. Highlights for the second quarter of fiscal year 2023 include: • Revenue increased 2.5% to $1.21 billion, compared to $1.18 billion for the prior year period. Organic growth was 3.9% and driven by new or expanded programs in the U.S. segments. • Diluted earnings per share were”
Governance Changes
MAXIMUS, INC.: Updated advance notice provisions for shareholder nominations and proposals, including conforming to Rule 14a-19 and adjusting notice window (effective 2023-03-14).
“The By-laws amend Article I, Section 6 to reflect procedural updates related to the recently adopted Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as well as certain technical, conforming and clarifying changes in connection therewith. The By-laws also amend Article I, Section 6 and Section 7 to, among other things, change the “advance notice window” for shareholders to submit director nominations (other than pursuant to the Company’s proxy access by-law) and proposals (other than proposals submitted pursuant to Rule 14a-8 under the Exchange Act) to be voted on by shareholders at an annual meeting of shareholders to the period beginning on the 120th day and ending on the 90th day prior to the first anniversary of the preceding year’s annual meeting of shareholders”
Governance Changes
MAXIMUS, INC.: Added proxy access bylaw allowing shareholder groups with 3% ownership for 3 years to nominate directors (effective 2023-03-14).
“On March 14, 2023, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of Maximus, Inc. (the “Company”) approved and adopted Amended and Restated By-laws of the Company (as so amended and restated, the “By-laws”). The By-laws became effective immediately upon approval by the Board. Proxy Access Article I, Section 8 of the By-laws has been added to permit a shareholder, or a group of up to 20 shareholders, to nominate director candidates (and include such nominee(s) in the Company’s proxy materials) constituting up to the greater of two or 20% of the number of directors in office as of the last day on which the nomination notice can be delivered, provided that (i) such shareholder (or shareholder group) owns 3% or more of the Company’s outstanding common stock continuously for at least three years, and (ii) such shareholder (or shareholder group) and the nominee(s) satisfy certain procedural, eligibility and disclosure requirements se”
Shareholder Votes
MAXIMUS, INC. shareholders approved Advisory vote on frequency of say-on-pay votes at the 2023-03-14 meeting.
“To approve, on an advisory basis, how frequently shareholders will vote, on a non-binding advisory basis, to approve the compensation of the named executive officers. One Year Two Years Three Years Abstentions Broker Non-Votes 55,905,089 5,835 1,045,335 87,315 1,563,885”
Shareholder Votes
MAXIMUS, INC. shareholders approved Advisory vote on executive compensation at the 2023-03-14 meeting.
“To approve, on an advisory basis, the compensation of the named executive officers, as disclosed in the compensation discussion and analysis, the compensation tables and any related material contained in the proxy statement”
Shareholder Votes
MAXIMUS, INC. shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered accounting firm for fiscal 2023 at the 2023-03-14 meeting.
“To ratify the appointment of Ernst & Young LLP as our independent registered accounting firm for our 2023 fiscal year”
Shareholder Votes
MAXIMUS, INC. shareholders approved Election of eight directors for one-year terms expiring at the 2024 Annual Meeting at the 2023-03-14 meeting.
“to elect Anne K. Altman, Bruce L. Caswell, John J. Haley, Jan D. Madsen, Richard A. Montoni, Gayathri Rajan, Raymond B. Ruddy and Michael J. Warren for one-year terms expiring at the 2024 Annual Meeting of Shareholders”
David Francis departed as General Counsel at MAXIMUS, INC..
“David Francis, who has served as the General Counsel of Maximus since 1998, has announced his intention to retire at the end of 2023.”
Earnings Releases
MAXIMUS, INC. reported fiscal year 2023 results: revenue $4.85 billion to $5.0 billion, EPS $4.00 to $4.30 per share. Guidance raised.
“The company is raising revenue and earnings guidance for fiscal year 2023 following the restart of Medicaid redeterminations scheduled to begin in the third quarter. Fiscal year 2023 revenue is now expected to range between $4.85 billion and $5.0 billion with adjusted diluted earnings per share between $4.00 and $4.30 per share.”
Earnings Releases
MAXIMUS, INC. reported quarter ended December 31, 2022 results: revenue $1.25 billion, EPS $0.65.
“Highlights for the first quarter of fiscal year 2023 include: • Revenue increased 8.5% to $1.25 billion, compared to $1.15 billion for the prior year period. Organic growth was 10.3% and driven by new or expanded programs in all three segments. • Diluted earnings per share were $0.65, and adjusted diluted earnings per share were $0.94.”
Earnings Releases
MAXIMUS, INC. reported fiscal year ended September 30, 2022 results: revenue $4.63 billion, EPS $3.29. Guidance initiated.
“Revenue for fiscal year 2022 increased 8.9% to $4.63 billion, compared to $4.25 billion for the prior year.”
Theresa Golinvaux was appointed as Principal Accounting Officer at MAXIMUS, INC..
“Also effective December 1, 2021, Maximus appointed Theresa Golinvaux, age 47, as its Principal Accounting Officer.”
David Mutryn was appointed as Chief Financial Officer and Principal Financial Officer at MAXIMUS, INC..
“the Company appointed David Mutryn as its Chief Financial Officer and Principal Financial Officer to replace Richard Nadeau.”
Anne K. Altman was appointed as Vice Chair of the board of directors at MAXIMUS, INC..
“In addition, director Anne K. Altman was appointed Vice Chair of the board of directors.”
John J. Haley was appointed as independent, non-executive Chair at MAXIMUS, INC..
“The board of directors appointed John J. Haley as the independent, non-executive Chair to replace Mr. Pond as well as the Chair of the Compensation Committee.”
Peter B. Pond resigned as Chair of the Board at MAXIMUS, INC..
“On September 14, 2021, Peter B. Pond resigned from the Maximus board of directors.”
Thomas Romeo retired as U.S. Federal Services Segment General Manager at MAXIMUS, INC..
“Maximus previously disclosed the retirement of Thomas Romeo from his role as U.S. Federal Services Segment General Manager effective July 31, 2021.”
Richard J. Nadeau retired as Chief Financial Officer at MAXIMUS, INC..
“Maximus previously disclosed the planned retirement of its Chief Financial Officer, Richard J. Nadeau, effective November 30, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.