Every material Form 8-K CBIZ, Inc. has filed with the SEC since October 22, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On November 2, 2026, CBIZ completed its merger with a unit of Grant Thornton Advisors, and CBIZ is now a wholly owned subsidiary. Each outstanding share was cancelled and converted into the right to receive $55.00 in cash, and the company's common stock stopped trading on the NYSE. Shareholders no longer hold stock in the company, and the filing says the company intends to deregister its shares and suspend its reporting obligations.
Each share of common stock converted into the right to receive $55.00 in cash, without interest.
The transaction carried an enterprise value of $5 billion; approximately $5,235,000,000 was used to fund the merger, through equity and debt financing.
The company asked the NYSE to suspend trading before the open on November 2, 2026, and to file a Form 25 for delisting.
All directors resigned at the Effective Time, and Jim Peko was appointed chief executive officer of the Surviving Corporation.
CBIZ stockholders approved the Agreement and Plan of Merger with Viking ParentCo, Inc. at a virtual special meeting on October 27, 2026. Holders of 40,439,369 shares, or 73.6% of shares outstanding as of the September 16, 2026 record date, attended or were represented by proxy. The company expects the merger to close on or about November 2, 2026, after which it will be a wholly owned subsidiary of Parent.
Merger Agreement Proposal: 39,198,360 for, 1,180,759 against, 60,250 abstentions.
Merger-related compensation advisory vote, which is non-binding: 37,188,161 for, 3,130,664 against, 120,544 abstentions.
Adjournment proposal was not presented because there were sufficient votes to approve the merger agreement.
Expected closing date: on or about November 2, 2026.
CBIZ said that quarter-end closing work identified about $15 million of additional one-time legal expenses that were not in its October 19, 2026 results release. The company expects the charge to reduce net income by about $10.5 million after tax, to be reflected in its Form 10-Q for the quarter ended September 30, 2026, but not to change its adjusted net income, adjusted diluted EPS or adjusted EBITDA. Shareholders get a lower reported profit figure for the quarter, and the disclosure was made in connection with a potential debt financing tied to the pending acquisition of CBIZ by a Grant Thornton affiliate.
Additional one-time legal expenses of approximately $15 million identified after the October 19, 2026 results release
Expected reduction to net income of approximately $10.5 million, net of tax
Adjusted net income (loss), adjusted diluted EPS and adjusted EBITDA not affected, as the expense is added back as transactional legal and professional costs
To be reflected in the Form 10-Q for the quarter ended September 30, 2026; information was disclosed to prospective debt investors
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CBIZ, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →