CBIZ Terminates 2024 Credit Facility Following Merger Completion
CBIZ terminated its amended and restated credit agreement with Bank of America and other lenders upon the closing of its merger.
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CBIZ Benefits & Insurance Services Launches as Independent Company
CBIZ Benefits & Insurance Services has launched as a standalone entity backed by New Mountain Capital, operating independently of CBIZ, Inc. and Grant Thornton Advisors.
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Grant Thornton Advisors Completes Acquisition of CBIZ
Grant Thornton Advisors LLC has finalized its acquisition of CBIZ, Inc. in a transaction valued at $5 billion, creating a major U.S. professional services provider.
8-K filing — CBIZ, Inc. (CBZ)
Filed: 2026-11-02 AccNo: 0001193125-26-442819 Size: 254 KB Item 1.02: Termination of a Material Definitive Agreement Item 2.01: Completion of Acquisition or Disposition of Assets Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Item 3.03: Material Modifications to Rights of Security Holders Item 5.01: Changes in Control of Registrant Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 5.03: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
CBIZ Expects $15 Million in Additional Q3 Legal Expense
CBIZ, Inc. announced it expects to record a one-time legal expense of approximately $15 million, which will reduce its third-quarter net income by roughly $10.5 million after taxes.
CBIZ Identifies Additional One-Time Legal Expenses Of $15M; Additional Expense Will Not Affect Disclosed Adj Net Income, Adj Diluted EPS Or Adj EBITDA; Pending Acquisition By Affiliate Of Grant Thornton In U.S.; Expects Net Income Decrease Of $10.50M Net Of Tax
CBIZ (CBZ) Lags Q3 Earnings and Revenue Estimates
CBIZ reported quarterly earnings of $1.21 per share, missing the consensus estimate of $1.28, representing a -5.47% earnings surprise. Revenue also fell short at $702.24 million versus the estimated amount. Despite the miss, the company maintains a Zacks Rank #2 (Buy) rating due to favorable estimate revision trends. The Consulting Services industry ranks in the top 27% of Zacks industries.