Harte Hanks Finalizes Annuity Purchase To Effectively Divest And Terminate Its Obligations Related To Pension Plan I, Effective As Of August 2024.
Portfolio Pulse from Benzinga Newsdesk
Harte Hanks, Inc. (NASDAQ:HHS) has finalized the divestment and termination of its obligations related to Qualified Pension Plan I, effective August 2024. Nationwide will provide benefits to Plan I pension members starting August 2024.
June 25, 2024 | 12:47 pm
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Harte Hanks has successfully divested and terminated its obligations related to Qualified Pension Plan I, effective August 2024. This move is likely to improve the company's financial health by reducing long-term liabilities.
The divestment and termination of pension obligations will likely reduce Harte Hanks' long-term liabilities, improving its financial health. This is a positive development for investors as it may lead to better financial performance and stability.
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