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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