Item 2.02 Results of Operations and Financial Condition

On May 14, 2020, KLDiscovery Inc. ("KLDiscovery" or the "Company") issued a press release reporting its financial results for the three months ended March 31, 2020. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished with this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

Forward Looking Statements

This Current Report on Form 8-K includes "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding KLDiscovery's future financial and business performance, attractiveness of KLDiscovery's product offerings and platform and the value proposition of KLDiscovery's products, are forward-looking statements. When used in this 8-K, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside KLDiscovery's management's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the impact of COVID-19; the inability to recognize the anticipated benefits of the business combination with Pivotal Acquisition Corp. ("Pivotal") which occurred in December 2019 (the "business combination"), which may be affected by, among other things, costs related to the business combination; KLDiscovery's ability to execute on its plans to develop and market new products and the timing of these development programs; KLDiscovery's estimates of the size of the markets for its solutions; the rate and degree of market acceptance of KLDiscovery's solutions; the success of other competing technologies that may become available; KLDiscovery's ability to identify and integrate acquisitions; the performance and security of KLDiscovery's services; potential litigation involving KLDiscovery; and general economic and market conditions impacting demand for KLDiscovery's services. Other factors include risks and uncertainties set forth in the "Risk Factors" in the Annual Report on the Form 10-K and any subsequent reports that KLDiscovery files with the SEC. KLDiscovery does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.



Exhibit No. Description
99.1          KLDiscovery Press Release, dated May 14, 2020  .





US-DOCS114747285.4

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