Item 2.02. Results of Operations and Financial Condition
On July 28, 2020, SS&C Technologies Holdings, Inc. (the "Company") announced its
financial results for the quarter ended June 30, 2020. The full text of the
press release issued in connection with the announcement is furnished as Exhibit
99.1 to this Current Report on Form 8-K. On July 28, 2020, the Company also
posted a Q2 2020 Earnings Results Presentation dated July 28, 2020, on the
Company's Investor Relations website at investor.ssctech.com.
The information in this Form 8-K (including Exhibit 99.1 and 99.2) shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
(the "Exchange Act") or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, except as expressly set forth by
specific reference in such a filing.
Item 8.01. Other Events
On July 28, 2020, the Company announced that its Board of Directors ("Board")
has authorized the renewal and increase of its stock repurchase program, which
will enable the Company to repurchase up to $750 million in the aggregate of the
Company's outstanding shares of common stock. This represents a $250 million
increase from the Company's previous stock repurchase program. Under the renewed
program, the Company's proposed repurchases may be made from time to time in one
or more transactions on the open market or in privately negotiated purchase
and/or through other legally permissible means, depending on market conditions
and in accordance with applicable rules and regulations promulgated under the
Securities Exchange Act of 1934, as amended. The timing and amount of any shares
repurchased will be determined by the Company's management based on its
evaluation of market conditions and other factors. Repurchases may also be made
under a Rule 10b5-1 plan, which would permit shares to be repurchased when the
Company might otherwise be precluded from doing so under insider trading laws.
The repurchase program may be suspended or discontinued at any time. Any
repurchased shares will be available for use in connection with the Company's
stock plans and for other corporate purposes. The Company's authority to
repurchase shares under the renewed program shall continue until the one-year
anniversary of the Board's authorization, unless terminated by the Board.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following exhibit relating to Item 2.02 shall be deemed to be furnished, and
not filed:
99.1 Press Release, issued by the Company on July 28, 2020.
99.2 Q2 2020 Earnings Presentation dated July 28, 2020.
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL
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