On August 10, 2021 GP Strategies Corporation (the "Company") received
notification from the staff of the Securities and Exchange Commission ("SEC")
that the previously disclosed investigation has concluded as it relates to the
Company. The SEC staff notified the Company that it does not intend to recommend
an enforcement action against the Company based on the information the SEC has
to date.
GP Strategies Corporation is a workforce transformation solutions company. The Company provides custom workforce performance solutions for all levels of an organization. Its solutions include business consulting, leadership development, learning strategies and solutions, managed learning services, sales solutions, technology implementation and adoption solutions, and technical services. It works with clients primarily in the automotive, financial services, defense and aerospace, and technology industries including Global Fortune 500 and other commercial customers across other industries. The Company operates through three geographic segments: North America, Europe Middle East Africa (EMEA) and Emerging Markets (Latin America and Asia Pacific countries). It provides workforce transformation services categorized into three primary solution sets: Organizational Performance Solutions (OPS), Technical Performance Solutions (TPS) and Automotive Performance Solutions (APS).