Deluxe Corp 8-K, filed Jun 30, 2023
Deluxe Corp (DLX)
About this 8-K
Deluxe Corp filed this 8-K on June 30, 2023, reporting on events of June 26, 2023.
Items reported
- Item 1.01: Entered into a material agreement
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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SECTION 1 – REGISTRANT’S BUSINESS AND OPERATIONS
| Item 1.01 | Entry into a Material Definitive Agreement. |
As previously reported, on January 31, 2023, Deluxe Corporation, a Minnesota corporation (the “Company”), through its subsidiary, Deluxe Small Business Sales, Inc., a Minnesota corporation (“Seller”), entered into a Stock and Asset Purchase Agreement (as amended from time to time, the “Sale Agreement”) with HostPapa, Inc., an Ontario corporation (“Purchaser”), for the sale of all of the outstanding equity interests of certain subsidiaries of Seller and the sale of certain assets, and the assumption of certain liabilities, of Seller and certain of its affiliates related to the Company’s web hosting business. On June 26, 2023, Seller and Purchaser entered into an amendment to the Sale Agreement to reduce the base purchase price for the transaction from $42,000,000 to $35,950,000 by removing a $6,050,000 post-closing deferred payment that would have been payable to Seller 365 days after the closing date.
SECTION 8 – OTHER EVENTS
| Item 8.01 | Other Events. |
On June 29, 2023, the Company closed the transaction described in Item 1.01 above pursuant to the Sale Agreement.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DELUXE CORPORATION | ||
| Dated: June 29, 2023 | By: | /s/ Jeffrey L. Cotter |
| Name: | Jeffrey L. Cotter | |
| Title: | Senior Vice President, Chief Administrative Officer and General Counsel | |