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    INTU   US4612021034

INTUIT INC.

(INTU)
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INTUIT INC : Other Events, Financial Statements and Exhibits (form 8-K)

12/01/2021 | 04:06pm EST

ITEM 8.01 OTHER EVENTS.

On November 29, 2021, certain entities affiliated with Dan Kurzius, co-founder of Mailchimp (the "Selling Stockholders"), sold 1,548,700 shares (the "Shares") of Intuit Inc.'s (the "Company") common stock, par value $0.01 per share, in a registered public offering pursuant to the Company's Registration Statement on Form S-3 (File No. 333-239397) (the "Registration Statement") filed under the Securities Act of 1933, as amended, which Registration Statement became automatically effective upon filing on June 23, 2020. The Shares were sold pursuant to an Underwriting Agreement, dated November 29, 2021 (the "Underwriting Agreement"), among the Company, the Selling Stockholders and Goldman Sachs & Co. LLC. The 1,548,700 shares, which represent approximately 15.3% of the shares issued by the Company as partial consideration for the Company's acquisition of The Rocket Science Group LLC (d/b/a Mailchimp), were sold in order to satisfy certain tax obligations and for estate planning purposes. The Selling Stockholders received all of the net proceeds from the offering. The Company did not sell any shares of common stock in the offering and did not receive any proceeds from the offering.

The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by the full text of the Underwriting Agreement, a copy of which is filed herewith as Exhibit 1.1 and is incorporated by reference herein. A copy of the opinion of Latham & Watkins LLP relating to the legality of the issuance and sale of the Shares is filed herewith as Exhibit 5.1 and is incorporated by reference herein.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.


(d) Exhibits



Exhibit
Number       Exhibit Description

1.1            Underwriting Agreement, dated November 29, 2021, among Intuit Inc.,
             Goldman Sachs & Co. LLC and certain selling stockholders named
             therein.

5.1            Opinion of Latham & Watkins LLP

23.1           Consent of Latham & Watkins LLP (included in Exhibit 5.1)

104          Cover Page Interactive Data File (the cover page XBRL tags are
             embedded within the inline XBRL document)

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

© Edgar Online, source Glimpses

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