Item 8.01 Other Events

On December 30, 2021, Ceridian HCM Holding Inc., a Delaware corporation (the "Company"), irrevocably elected to settle its conversion obligations in connection with any 0.25% Convertible Senior Notes due 2026 (the "Notes") submitted for conversion on or after January 1, 2022 or at maturity with a combination of cash and shares of the Company's common stock. In accordance with the foregoing, the Company has notified the holders of the Notes and Wells Fargo Bank, National Association, the Trustee and Conversion Agent for the Notes, that the Settlement Method (as defined in the Indenture, dated as of March 5, 2021 (the "Indenture")) for all Notes submitted for conversion with a Conversion Date (as defined in the Indenture) on or after January 1, 2022 shall be Combination Settlement (as defined in the Indenture). Generally, under this settlement method, the conversion value will be settled in cash in an amount no less than the principal amount being converted, and any excess of the conversion value over the principal amount will be settled, at the Company's election, in cash or shares of the Company's common stock.

Please refer to the Indenture for a more complete description of the conversion procedures relating to the Notes, the consideration due upon a conversion of the Notes and when such consideration must be delivered by the Company. A copy of the Indenture was filed as Exhibit 4.1 to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 5, 2021.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses