Ceridian Announces Sales of Common Stock Pursuant to Rule 144
June 09 2020 - 6:00AM
Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (NYSE:CDAY)
(TSX:CDAY), a global human capital management software company,
announced today that affiliates of Thomas H. Lee Partners, L.P.
(“THL”) and David Ossip, Chairman and Chief Executive Officer of
the Company, sold 5,217,344 and 500,000 shares of the Company’s
common stock, par value $0.01 per share (the “Common Stock”),
respectively, pursuant to Rule 144 of the Securities Act of 1933,
as amended. Prior to these sales, THL owned approximately 12.4
million shares of Common Stock. Prior to the exercise, the 500,000
shares of Common Stock exercised by David Ossip made up 5.1% of his
direct and indirect holdings of Common Stock, exchangeable shares,
and vested and unvested stock options and restricted stock units.
Proceeding the exercise, David Ossip holds 9,362,884 of Common
Stock, exchangeable shares, and vested and unvested stock options
and restricted stock units, or 6.4% of the Company’s Common Stock
outstanding as of June 8, 2020.
About Ceridian HCM Holding Inc.
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company.
Dayforce, our flagship cloud HCM platform, provides human
resources, payroll, benefits, workforce management, and talent
management functionality. Our platform is used to optimize
management of the entire employee lifecycle, including attracting,
engaging, paying, deploying, and developing people. Ceridian has
solutions for organizations of all sizes.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. These statements are
subject to risks and uncertainties. All statements other than
statements of historical fact or relating to present facts or
current conditions included in this press release are
forward-looking statements. Forward-looking statements give our
current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future
performance and business. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words
such as “anticipate,” “estimate,” “expect,” “project,” “seek,”
“plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,”
“likely,” “should,” and other words.
The forward-looking statements contained in this press release
are based on our current expectations and assumptions regarding our
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, our
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 regional, national or global
political, economic, business, competitive, market and regulatory
conditions and the following: the impact of the Coronavirus disease
2019, COVID-19, pandemic on our business, operations and financial
results; our inability to attain or to maintain profitability;
significant competition for our solutions; our inability to
continue to develop or to sell our existing Cloud solutions; our
inability to manage our growth effectively; the risk that we may
not be able to successfully migrate our Bureau customers to our
Cloud solutions or to offset the decline in Bureau revenue with
Cloud revenue; the decline or slower than expected development of
the market for enterprise cloud computing; failure of our efforts
to increase use of our Cloud solutions and our other applications
may not succeed; our failure to provide enhancements and new
features and modifications to our solutions; failure to comply with
the Federal Trade Commission’s ongoing consent order regarding data
protection; system interruptions or failures, including
cyber-security breaches, identity theft, or other disruptions that
could compromise our information; our failure to comply with
applicable privacy, security, data and financial services laws,
regulations and standards; changes in regulations governing
financial services, privacy concerns, and laws or other domestic or
foreign data protection regulations; the risk of loss caused by
customer failure to repay distribution of earned net wages and
associated tax amounts made on behalf of our customers for our
Dayforce Wallet or other services; our inability to successfully
expand our current offerings into new markets or further penetrate
existing markets; our inability to meet the more complex
configuration and integration demands of our large customers;
reductions in our customers’ employment levels or other overall
declines in the financial viability of our current and prospective
customers; the risk of our customers declining to renew their
agreements with us or renewing at lower performance fee levels; our
failure to manage our technical operations infrastructure; our
inability to maintain necessary third party relationships, and
third party software licenses or there are errors in the software
we license; our inability to protect our intellectual property
rights, proprietary technology, information, processes, and
know-how; our failure to keep pace with rapid technological changes
and evolving industry standards; general economic, political and
market forces beyond our control; or changes in laws and
regulations related to the Internet or changes in the Internet
infrastructure itself. Although we have attempted to identify
important risk factors, there may be other risk factors not
presently known to us or that we presently believe are not material
that could cause actual results and developments to differ
materially from those made in or suggested by the forward-looking
statements contained in this press release. If any of these risks
materialize, or if any of the above assumptions underlying
forward-looking statements prove incorrect, actual results and
developments may differ materially from those made in or suggested
by the forward-looking statements contained in this press
release.
Any forward-looking statement made by us in this press release
speaks only as of the date on which we make it. Factors or events
that could cause our actual results to differ may emerge from time
to time, and it is not possible for us to predict all of them. We
undertake no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by law.
Comparisons of results for current and any prior periods are not
intended to express any future trends or indications of future
performance, unless specifically expressed as such, and should be
viewed as historical data.
For more information, contact:
Jeremy JohnsonVice President, Finance and Investor
RelationsCeridian HCM Holding
Inc.1-844-829-9499investors@ceridian.com
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