CDAY Ceridian HCM Holding Inc

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 10, 2023

Ceridian HCM Holding Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware	001-38467	46-3231686
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
3311 East Old Shakopee Road, Minneapolis, MN		55425
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s Telephone Number, Including Area Code: (952) 853-8100

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common stock, $0.01 par value		CDAY		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

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Item 7.01 Regulation FD Disclosure.

On November 10, 2023, Ceridian HCM Holding Inc., a Delaware company (the “Company”), issued a press release (the “Press Release”) announcing that it had filed a Form 12b-25 Notification of Late Filing for its third quarter 2023 Form 10-Q with the Securities and Exchange Commission (“SEC”) on November 9, 2023. Subsequent to the filing of the Form 12b-25, the Company issued the Press Release to reflect additional information related to the delayed Form 10-Q filing. Due to an SEC closure on November 10, 2023 for the Veteran’s Day holiday, the Form 12b-25 became public on November 13, 2023.

 

A copy of the furnished press release of the Company on November 10, 2023 is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release dated as of November 10, 2023.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

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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.

		CERIDIAN HCM HOLDING INC.
		By:		/s/ Noémie C. Heuland
		Name:		Noémie C. Heuland
		Title:		Executive Vice President, Chief Financial Officer

Date: November 13, 2023

 

 

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Exhibit 99.1

Ceridian Files Form 12b-25

Minneapolis, MN and Toronto, ON November 10, 2023 - Ceridian HCM Holding Inc. (“Ceridian”) (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced that it filed a Form 12b-25 Notification of Late Filing for its third quarter 2023 Form 10-Q with the Securities and Exchange Commission (“SEC”), on November 9, 2023, which will become public on November 13, 2023, due to the Veteran’s Day holiday.

As previously disclosed in Ceridian’s earnings press release furnished as an exhibit to the Current Report on Form 8-K filed with the SEC on November 1, 2023, Ceridian recently discovered an error in the presentation of one Canadian bank account balance within “customer funds” and “customer funds obligations” and related items on its consolidated balance sheets and in its net cash provided by financing activities within its consolidated statements of cash flows. There was an understatement of customer funds within current assets and a corresponding understatement of customer funds obligations within current liabilities on Ceridian’s consolidated balance sheets.

As a result, Ceridian reviewed its internal control over financial reporting (“ICFR”) and concluded that two material weaknesses in its ICFR existed with respect to (i) its control designed to assess the proper presentation of cash and cash equivalents for its Canada customer funds for financial reporting purposes; and (ii) its risk assessment process related to controls over certain Professional Services and Powerpay revenue accounts.

Ceridian has performed additional analyses and other procedures to conclude there was no material misstatement of the Company’s previously issued financial statements, nor was there any effect on Ceridian’s third quarter 2023 results or fiscal year 2023 guidance.

Ceridian expects to remediate each ICFR matter by the end of the year.

Ceridian intends to file its third quarter 2023 Form 10-Q when the SEC’s EDGAR filing system reopens on Monday, November 13, 2023, and also intends to concurrently file amended versions of its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, 2023 and June 30, 2023.

 

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Forward-Looking Statements

This press release contains forward-looking statements that involve several risks and uncertainties. Statements that are not historical facts, and our expectations, hopes, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements in this press release include statements relating to the timely filing of the Form 10-Q for the fiscal quarter ended September 30, 2023. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events but not all forward-looking statements contain these identifying words. Forward-looking statements are based on management’s beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

This press release should be read in conjunction with the most recent reports Ceridian files with the SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on Ceridian’s website and are available from Ceridian without charge. Any forward-looking statement made by Ceridian in this press release speaks only as of the date on which it is made.

About Ceridian HCM Holding Inc.

Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company. Dayforce®, the flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. The Dayforce platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes.

Source: Ceridian HCM Holding Inc.

For more information, contact:

Matthew Wells

Investor Relations

1-844-829-9499

investors@ceridian.com

 

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Document and Entity Information	Nov. 10, 2023
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Nov. 10, 2023
Entity Registrant Name	Ceridian HCM Holding Inc.
Entity Central Index Key	0001725057
Entity Emerging Growth Company	false
Entity File Number	001-38467
Entity Incorporation State Country Code	DE
Entity Tax Identification Number	46-3231686
Entity Address, Address Line One	3311 East Old Shakopee Road
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55425
City Area Code	952
Local Phone Number	853-8100
Entity Information, Former Legal or Registered Name	Not Applicable
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common stock, $0.01 par value
Trading Symbol	CDAY
Security Exchange Name	NYSE

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