Item 7.01 Regulation FD Disclosure. OnJanuary 4, 2021 , Avantax Wealth Management ("Avantax"), the wealth management division ofBlucora, Inc. (the "Company"), issued a press release announcing thatHK Financial Services has been rebranded Avantax Planning PartnersSM. A copy of Avantax's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Investors, the media, and others interested in the Company should note that the Company announces material information using filings with theSecurities and Exchange Commission (the "SEC"), press releases issued by the Company or its subsidiaries, public conference calls, webcasts, the Company's website (www.blucora.com), the websites of the Company's subsidiaries (www.avantaxwealthmanagement.com and www.taxact.com), and the Company's investor page (www.blucora.com/investors). The information in these channels could be deemed to be material information and may include forward-looking statements. As a result, the Company encourages its investors, the media and others interested in the Company to review the information posted on these channels. These channels may be updated from time to time on the Company's website. The information in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) is being furnished pursuant to Item 7.01 and shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No Description 99.1 Press Release datedJanuary 4, 2021 . 104.1 Cover Page Interactive Data File (embedded within the Inline XBRL Document).
Safe Harbor Statement Under the Private Securities and Litigation Reform Act This report contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as "believes," "estimates," "should," "could," "would," "plans," "expects," "intends," "anticipates," "may," "forecasts," "future," "will," "projects," "predicts," "potential," "continues," "target," "outlook" and similar expressions and variations. Actual results may differ significantly from management's expectations due to various risks and uncertainties including, but not limited to: the impact of the coronavirus pandemic on the Company's results of operations and its business, including the impact of the resulting economic and market disruption and the extension of tax filing deadlines and other related relief; the Company's ability to effectively implement its future business plans and growth strategy; the Company's ability to effectively compete within its industry; the Company's ability to attract and retain financial professionals, qualified employees, clients, and customers, as well as its ability to provide strong customer/client service; the Company's ability to close, finance, and realize all of the anticipated benefits of acquisitions, as well as its ability to integrate the operations of recently acquired businesses, and the potential impact of such acquisitions on the Company's existing indebtedness and leverage; the Company's future capital requirements and the availability of financing, if necessary; the Company's ability to meet its current and future debt service obligations, including the Company's ability to maintain compliance with its debt covenants; downgrade of the Company's credit ratings; the Company's ability to generate strong performance for its clients and the impact of the financial markets on its clients' portfolios; the impact of new or changing legislation and regulations (or interpretations thereof) on the Company's business, including the Company's ability to successfully address and comply with such legislation and regulations (or interpretations thereof) and increased costs, reductions of revenue, and potential fines, penalties or disgorgement to which the Company may be subject as a result thereof; risks, burdens, and costs, including fines, penalties or disgorgement, associated with the Company's business being subjected to regulatory inquiries, investigations or initiatives; risks associated with legal proceedings, including litigation and regulatory proceedings; the Company's ability to manage leadership and employee transitions, including costs and time burdens on management and the Company's board of directors related thereto; political and economic conditions and events that directly or indirectly impact the wealth management and tax preparation industries; the Company's ability to respond to rapid technological changes, including its ability to successfully release new products and services or improve upon existing products and services; the compromising of confidentiality, availability or integrity of
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information, including cyberattacks; the Company's expectations concerning the
revenues it generates from fees associated with the financial products that it
distributes; risks related to goodwill and other intangible asset impairment;
the Company's ability to develop, establish, and maintain strong brands; risks
associated with the use and implementation of information technology and the
effect of security breaches, computer viruses, and computer hacking attacks; the
Company's ability to comply with laws and regulations regarding privacy and
protection of user data; the Company's ability to maintain its relationships
with third-party partners, providers, suppliers, vendors, distributors,
contractors, financial institutions, industry associations, and licensing
partners, and the Company's expectations regarding and reliance on the products,
tools, platforms, systems, and services provided by these third parties; the
Company's beliefs and expectations regarding the seasonality of its business;
the Company's assessments and estimates that determine the Company's effective
tax rate; and the Company's ability to protect its intellectual property and the
impact of any claim that the Company has infringed on the intellectual property
rights of others. A more detailed description of these and certain other factors
that could affect actual results is included in the Company's filings with the
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