Item 2.05 Costs Associated with Exit or Disposal Activities.
On
The Company estimates that in the first quarter of 2023 it will incur pre-tax
cash restructuring and related charges to its GAAP financial results of
approximately
The estimates of the charges and expenditures that the Company expects to incur in connection with the Plan, and the timing thereof, are subject to a number of assumptions and actual amounts may differ materially from estimates. In addition, the Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur, including in connection with the implementation of the Plan.
Item 7.01 Regulation FD Disclosure.
A letter to the Company's employees from
The information furnished in this Item 7.01 on this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K, and Exhibit 99.1 furnished herewith and incorporated by reference herein, contain forward-looking statements. Forward-looking statements can be identified by words such as "may," "will," "contemplates," "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods, or by the inclusion of forecasts or projections. Examples of forward-looking statements include, but are not limited to, statements regarding the timing of completion of the Plan, estimates of the charges and expenditures that the Company expects to incur in connection with the Plan, and the timing thereof, as well as the Company's intent to reduce operating costs, improve operating margins, and achieve profitable growth, and other statements regarding the Company's future prospects and growth, statements regarding the terms and execution of, estimated charges associated with, and other impacts of the Plan.
Forward-looking statements are based on the Company's current expectations and
assumptions regarding the Company's business, the economy and other future
conditions. Because forward-looking statements relate to the future, by their
nature, they are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict. As a result, actual results may
differ materially from those contemplated by the forward-looking statements.
Important factors that could cause actual results to differ materially from
those in the forward-looking statements include, but are not limited to: the
risk that the restructuring costs and charges may be greater than anticipated;
the risk that the Company's restructuring efforts may adversely affect the
Company's internal programs and the Company's ability to recruit and retain
skilled and motivated personnel, and may be distracting to employees and
management; the risk that the Company's restructuring efforts may negatively
impact the Company's business operations and reputation with or ability to serve
customers; the risk that the Company's restructuring efforts may not generate
their intended benefits to the extent or as quickly as anticipated; an outbreak
of disease, global or localized health pandemic or epidemic, or the fear of such
an event (such as the COVID-19 global pandemic), including the global economic
uncertainty and measures taken in response; the short- and long-term effects of
the COVID-19 global pandemic, including the pace of recovery or any future
resurgence; the ongoing hostility between
Additional factors or events that could cause actual results to differ from these forward-looking statements may emerge from time to time, and it is not possible for the Company to predict all of them. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, the Company's actual financial condition, results of operations, future performance and business may vary in material respects from the performance projected in these forward-looking statements.
For additional discussion of factors that could impact the Company's operational
and financial results, refer to the Company's Annual Report on Form 10-K for the
fiscal year ended
All information in this Form 8-K speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update this information, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Email toDefinitive Healthcare employees fromRobert Musslewhite , datedJanuary 12, 2023 (furnished herewith pursuant to Item 7.01) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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