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State Employees’ Credit Union Transforms Member Experiences, Surpassing CSAT Goals in Just 6 Months with NiCE CXone Mpower

With NiCE’s AI-driven platform, SECU also streamlined operations, enhanced collaboration and achieved breakthrough efficiency

HOBOKEN, N.J.–(BUSINESS WIRE)–NiCE (Nasdaq: NICE) today announced that State Employees’ Credit Union (SECU), one of the largest credit unions in the U.S., serving over 2.8 million members, has transformed its member contact center experience and operational efficiency with NiCE CXone Mpower. By adopting an AI-driven, cloud-native platform, SECU has streamlined operations, enhanced workforce management, and leveraged automation to drive efficiency and improve service levels.

Facing limitations with legacy infrastructure, SECU turned to NiCE’s all-in-one platform to unify, automate, and optimize its contact center operations. The move enabled SECU to centralize service channels, enhance employee performance management, and implement real-time tracking for better decision-making and service delivery.

With CXone Mpower’s omnichannel capabilities and AI-driven automation, SECU has revolutionized its member service operations. The platform’s user-friendly interface has empowered agents with seamless access to critical information, improving productivity and responsiveness while reducing call volumes and wait times. Having AI-powered intelligence at their fingertips has been instrumental in helping SECU improve training, identify performance opportunities, and enhance the overall member experience. Moreover, the platform’s scalability ensures that SECU can integrate new AI and automation capabilities without disrupting existing infrastructure, enabling future growth.

Key Outcomes from SECU’s Transformation with CXone Mpower:

• Achieved 94%-member satisfaction and a net positive sentiment score since launch

• AI-driven call routing reduced wait times from 300 seconds to under 60 seconds

• 90% agent participation rate in AI-assisted workforce self-service tools

• Reduced manual administrative effort by 20%

NiCE’s Value Realization Services (VRS), played a key role in SECU’s transformation by providing expert guidance to tailor CXone Mpower to the credit union’s needs, ensuring seamless implementation and continuous optimization.

“The transformation with NiCE has been a game-changer for us,” said Jared Benesh, EVP of Member Experience at SECU. “We didn’t piecemeal solutions; we chose a single, complete platform and now we’re reaping the rewards. Since implementing CXone Mpower, we have achieved outstanding improvements and are ready to deliver even more exceptional experiences for members and agents with new capabilities and expanded AI-driven automation.”

“SECU’s success highlights the power of taking a platform approach to enhance experiences and drive business transformation,” said Barry Cooper, President, CX Division, NiCE. “Too many organizations fall victim to the ‘Frankenstack’—disparate solutions stacked together without cohesion. When AI and automation are layered onto fragmented systems, friction isn’t eliminated – in fact, it often amplifies it. SECU exemplifies how to do it right—by adopting a unified AI-powered platform, they have seen rapid results and are now well positioned to expand AI and automation for even greater impact.”

Looking ahead, SECU plans to expand its adoption of NiCE’s advanced AI and automation capabilities, including Autopilot and Voice Authentication, to further elevate member and employee experiences.

About SECU

A not-for-profit financial cooperative owned by its members and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 87 years. SECU is the second largest credit union in the United States with $53 billion in assets. It serves more than 2.8 million members through 275 branch offices, 1,100 ATMs, Member Services Support via phone, www.ncsecu.org, and the SECU Mobile App.

About NiCE

NiCE (NASDAQ: NICE) is transforming the world with AI that puts people first. Our purpose-built AI-powered platforms automate engagements into proactive, safe, intelligent actions, empowering individuals and organizations to innovate and act, from interaction to resolution. Trusted by organizations throughout 150+ countries worldwide, NiCE’s platforms are widely adopted across industries connecting people, systems, and workflows to work smarter at scale, elevating performance across the organization, delivering proven measurable outcomes.

Trademark Note: NiCE and the NiCE logo are trademarks of NICE Ltd. All other marks are trademarks of their respective owners. For a full list of NICE’s marks, please see: www.nice.com/nice-trademarks.

Forward-Looking Statements

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Mr. Cooper, are based on the current beliefs, expectations and assumptions of the management of NICE Ltd. (the “Company”). In some cases, such forward-looking statements can be identified by terms such as “believe,” “expect,” “seek,” “may,” “will,” “intend,” “should,” “project,” “anticipate,” “plan,” “estimate,” or similar words. Forward-looking statements are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of changes in general economic and business conditions; competition; successful execution of the Company’s growth strategy; success and growth of the Company’s cloud Software-as-a-Service business; rapid changes in technology and market requirements; the implementation of AI capabilities in certain products and services, decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties in making additional acquisitions ordifficulties or effectively integrating acquired operations; loss of market share; an inability to maintain certain marketing and distribution arrangements; the Company’s dependency on third-party cloud computing platform providers, hosting facilities and service partners; cyber security attacks or other security incidents; privacy concerns; changes in currency exchange rates and interest rates, the effects of additional tax liabilities resulting from our global operations, the effect of unexpected events or geo-political conditions, including those arising from political instability or armed conflict that may disrupt our business and the global economy; our ability to recruit and retain qualified personnel; the effect of newly enacted or modified laws, regulation or standards on the Company and our products and various other factors and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (the “SEC”). For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company’s reports filed from time to time with the SEC, including the Company’s Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609078778/en/

Corporate Media Contact

Christopher Irwin-Dudek, +1 201 561 4442, [email protected], ET

Investors

Marty Cohen, +1 551 256 5354, [email protected], ET

Omri Arens, +972 3 763 0127, [email protected], CET

KEYWORDS: United States North America New Jersey

INDUSTRY KEYWORDS: Professional Services Business Technology Software Artificial Intelligence Internet

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TriMas Appoints Thomas Snyder President and Chief Executive Officer

Experienced Packaging Industry Leader with a Track Record of Enhancing Shareholder Value

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–
TriMas (NASDAQ: TRS) today announced that Thomas J. Snyder has been appointed President and Chief Executive Officer, and to the TriMas Board of Directors, effective June 23, 2025. Mr. Snyder is succeeding Thomas Amato, the current President and Chief Executive Officer of the Company.

Mr. Snyder brings nearly 35 years of experience in the packaging industry, having served in several leadership positions at Silgan Holdings Inc., a global manufacturer of packaging solutions for consumer goods products. Most recently, he served as President of Silgan Containers LLC, from October 2007, managing close to $3 billion in sales, while driving significant sales, earnings and cash flow growth during his tenure. Prior to that, Mr. Snyder was Executive Vice President of Silgan Containers from July 2006 to October 2007 and Vice President – Sales and Marketing of Silgan Containers from July 2002 to July 2006. Earlier in his career, Mr. Snyder served in the roles of Director of Sales, National Account Manager, Materials Application Engineer and various operations management positions for Silgan Containers. Mr. Snyder obtained an M.B.A. from Pepperdine University and a B.S. in Packaging from Michigan State University.

“After a comprehensive search process, we are pleased to recruit someone of Thomas’ stature and experience to lead TriMas’ Packaging, Aerospace and Specialty Products groups,” commented Herbert K. Parker, TriMas Chairman of the Board. “Thomas is an engaging and highly accomplished packaging executive with a strong track record of driving performance. We believe TriMas will benefit from Thomas’ effective leadership style, operational management expertise and customer-centric approach. We are confident that under his leadership, TriMas will be well-positioned to enhance shareholder value and further elevate the quality of solutions and service we provide to our customers.”

“TriMas has a portfolio of market-leading products, great manufacturing capabilities and solid customer relationships to build upon for the future,” said Mr. Snyder. “I am excited to join the team. Based on my initial evaluation, I am confident we can identify and pursue significant opportunities to enhance future performance of the company, and I look forward to working together with our talented global team to achieve TriMas’ untapped potential.”

“The TriMas Board of Directors would like to thank Thomas Amato for his extended service while we conducted a comprehensive search to find a best-in-class CEO that was the right fit for TriMas,” concluded Mr. Parker.

About TriMas

TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,900 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.

Notice Regarding Forward-Looking Statements

Any “forward-looking” statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas’ business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; competitive factors; market demand; our ability to realize our business strategies; our ability to identify attractive acquisition candidates, successfully integrate acquired operations or realize the intended benefits of such acquisitions; pressures on our supply chain, including availability of raw materials and inflationary pressures on raw material and energy costs, and customers; the performance of our subcontractors and suppliers; risks and uncertainties associated with intangible assets, including goodwill or other intangible asset impairment charges; risks associated with a concentrated customer base; information technology and other cyber-related risks; risks related to our international operations, including, but not limited to, risks relating to tensions between the United States and China; government and regulatory actions, including, without limitation, climate change legislation and other environmental regulations, as well as the impact of tariffs, quotas and surcharges; changes to fiscal and tax policies; intellectual property factors; uncertainties associated with our ability to meet customers’ and suppliers’ sustainability goals and achieve our sustainability goals in alignment with our own announced targets; litigation; contingent liabilities relating to acquisition activities; interest rate volatility; our leverage; liabilities imposed by our debt instruments; labor disputes and shortages; the disruption of operations from catastrophic or extraordinary events, including, but not limited to, natural disasters, geopolitical conflicts and public health crises, the amount and timing of future dividends and/or share repurchases, which remain subject to Board approval and depend on market and other conditions; our future prospects; and other risks that are detailed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The risks described are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deemed to be immaterial also may materially adversely affect our business, financial position and results of operations or cash flows. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609341947/en/

Sherry Lauderback

VP, Investor Relations, Communications & Sustainability

(248) 631-5506

[email protected]

KEYWORDS: United States North America Michigan

INDUSTRY KEYWORDS: Packaging Engineering Chemicals/Plastics Aerospace Manufacturing Other Manufacturing

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Addus HomeCare Comments on Budget Approval for In-Home Care Rate Increases in Illinois and Texas Markets

FRISCO, Texas–(BUSINESS WIRE)–
Addus HomeCare Corporation (Nasdaq: ADUS), a provider of home care services, today provided an update on recent state legislature budget approvals for in-home care rate increases in the States of Illinois and Texas, and the expected impact on the Company’s operations in these markets.

On May 31, 2025, the State of Illinois finalized its fiscal 2026 budget with the inclusion of a 3.9% increase in the base hourly reimbursement rate to $30.80 per hour to sustain a minimum wage of $18.75 per hour for direct in-home care service workers. The state programs affected by this increase include the Illinois Department on Aging, Community Care Program (CCP); Illinois Department of Human Services, Home Services Program (HSP); and Illinois Department of HealthCare and Family Services, Managed Long-Term Service and Supports Program (MLTSS). The Company expects this rate increase will add approximately $17.5 million in annualized revenue for Addus, with margins consistent with its existing Illinois personal care business in the low 20%s and within the State of Illinois’s 77.0% requirement for caregiver wages and benefits. The Illinois rate increase will be effective January 1, 2026, subject to federal approval.

On June 3, 2025, the State of Texas finalized its fiscal 2026 budget with the inclusion of a 9.9% increase in the base hourly reimbursement rate to $17.13 per hour. The state programs affected by this increase include the Texas Health and Human Services Commission (HHSC), Community Attendant Services Program (CASP) and related programs. The Company expects to generate approximately $17.7 million in additional annualized revenue assuming implementation consistent with historical precedent of HHSC and the Texas Managed Health Plans, with margins expected to be largely consistent with its existing Texas personal care business just over 20% after caregiver wages are adjusted. The Texas rate increase will be effective September 1, 2025, subject to federal approval.

Commenting on the announcement, Dirk Allison, Chairman and Chief Executive Officer of Addus HomeCare, stated, “We are extremely pleased with the commitment to our services by both Illinois and Texas state leadership and the favorable results from their respective budget processes. In our personal care business, our services have continued to receive reimbursement support from many states where we operate. Illinois is our largest state market for personal care services, and, with the recent acquisition of Gentiva’s personal care operations, Texas now represents our second largest state market. We believe our services deliver real value to state Medicaid programs, and there is growing recognition of the benefits of home-based care as a preferred cost-effective care setting. We appreciate the support of the leadership of Illinois and Texas, and the commitment to provide this added funding, which will further enhance our ability to provide quality care.”

Forward-Looking Statements

Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may be identified by words such as “preliminary,” “continue,” “expect,” and similar expressions. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including discretionary determinations by government officials, the consummation and integration of acquisitions, transition to managed care providers, our ability to successfully execute our growth strategy, unexpected increases in SG&A and other expenses, expected benefits and unexpected costs of acquisitions and dispositions, management plans related to dispositions, the possibility that expected benefits may not materialize as expected, the failure of the business to perform as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare’s relationships with referral sources, increased competition for Addus HomeCare’s services, changes in the interpretation of government regulations, the uncertainty regarding the outcome of discussions with managed care organizations, changes in tax rates, the impact of adverse weather, higher than anticipated costs, lower than anticipated cost savings, estimation inaccuracies in future revenues, margins, earnings and growth, whether any anticipated receipt of payments will materialize, any security breaches, cyber-attacks, loss of data or cybersecurity threats or incidents, and other risks set forth in the Risk Factors section in Addus HomeCare’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2025, which are available at www.sec.gov. The financial information described herein and the periods to which they relate are preliminary estimates that are subject to change and finalization. There is no assurance that the final amounts and adjustments will not differ materially from the amounts described above, or that additional adjustments will not be identified, the impact of which may be material. Addus HomeCare undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, these forward-looking statements necessarily depend upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties, and other factors. Accordingly, any forward-looking statements included in this press release do not purport to be predictions of future events or circumstances and may not be realized.

About Addus HomeCare

Addus HomeCare is a provider of home care services that primarily include personal care services that assist with activities of daily living, as well as hospice and home health services. Addus HomeCare’s consumers are primarily persons who, without these services, are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Addus HomeCare’s payor clients include federal, state, and local governmental agencies, managed care organizations, commercial insurers, and private individuals. Addus HomeCare currently provides home care services to approximately 62,000 consumers through 260 locations across 23 states. For more information, please visit www.addus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609868045/en/

Brian W. Poff

Executive Vice President,

Chief Financial Officer

Addus HomeCare Corporation

(469) 535-8200

[email protected]

Dru Anderson

FINN Partners

(615) 324-7346

[email protected]

KEYWORDS: United States North America Illinois Texas

INDUSTRY KEYWORDS: Nursing Seniors Public Policy/Government Managed Care Health State/Local Consumer General Health Other Policy Issues

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Butterfly Network’s RoHS Lead Exemption Revocation Request Progresses to Stakeholder and Consultant Assessment

Oeko-Institut appointed for third-party evaluation; stakeholder consultation will run June 6, 2025 – August 1, 2025

BURLINGTON, Mass. & NEW YORK–(BUSINESS WIRE)–
Butterfly Network, Inc. (“Butterfly”, “the Company”) (NYSE: BFLY), a digital health company transforming care with handheld, whole-body ultrasound, today announced that the European Commission has officially initiated the review and stakeholder consultation period for the Company’s request to revoke Annex IV n. 14 of the European Commission’s Restriction of Hazardous Substances (RoHS) Directive – a temporary exemption historically granted for lead in single crystal piezoelectric materials for ultrasonic transducers.

Following Butterfly’s revocation submission in October 2024, the Commission has now appointed the Oeko-Institut as consultant to lead the technical assessment of the request, including a third-party evaluation. The stakeholder consultation questionnaire is open and will run from June 6, 2025 to August 1, 2025, allowing interested parties to submit feedback. A recommendation by the Oeko-Institut to the European Commission on the request is expected by Q2 of 2026. If favorable and after final adoption of the Delegated Act indicating the change of scope in the exemption, it will take 12 to 18 months for it to enter into legal force.

“We’re encouraged to see that the formal review of our revocation request is underway and grateful to the Commission and the Oeko-Institut for their attention to this matter,” said Joseph DeVivo, President, CEO & Chairman of Butterfly. “We remain optimistic about the opportunity to align ultrasound manufacturing with the EU’s broader circular economy and sustainability goals and modernize standards that better reflect today’s innovations in medical imaging.”

Input from relevant stakeholders is welcomed as part of the consultation process. Registration to receive updates or to get involved can be accessed here: https://rohs.exemptions.oeko.info/index.php?id=4

About Butterfly Network

Butterfly Network, Inc. (NYSE: BFLY) is a healthcare company driving a digital revolution in medical imaging with its proprietary Ultrasound-on-Chip™ semiconductor technology and ultrasound software solutions. In 2018, Butterfly launched the world’s first handheld, single-probe, whole-body ultrasound system, Butterfly iQ. The iQ+ followed in 2020, and the iQ3 in 2024, each with improved processing power and performance by leveraging Moore’s Law. The iQ3 earned Best Medical Technology at the 2024 Prix Galien USA Awards, a prestigious honor and one of the highest accolades in healthcare. Butterfly’s innovations have also been recognized by Fierce 50, TIME’s Best Inventions and Fast Company’s World Changing Ideas, among other achievements.

Butterfly combines advanced hardware, intelligent software, AI, services, and education to drive adoption of affordable, accessible imaging. Clinical publications demonstrate that its handheld ultrasound probes paired with Compass™ enterprise workflow software, can help hospital systems improve care workflows, reduce costs, and enhance provider economics. With a cloud-based solution that enables care anywhere through next-generation mobility, Butterfly aims to democratize healthcare by addressing critical global healthcare challenges. Butterfly devices are commercially available to trained healthcare practitioners in areas including, but not limited to, parts of Africa, Asia, Australia, Europe, the Middle East, North America and South America; to learn more about available countries, visit: https://www.butterflynetwork.com/choose-your-country.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609884142/en/

Media:

Liz Learned

Head of Communications, Butterfly

[email protected]

Butterfly Investors:

Heather Getz

Chief Financial and Operations Officers, Butterfly

[email protected]

KEYWORDS: United States North America New York Massachusetts

INDUSTRY KEYWORDS: Technology Medical Devices Semiconductor Health Technology Software Biotechnology Hardware Radiology Health Artificial Intelligence

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Opengear Unveils Integrated Support Platform to Empower Always-On Infrastructure

New integrated support model offers embedded protection, SLA-backed tiers, and simplified ownership — previewing at Cisco Live 2025

SAN DIEGO–(BUSINESS WIRE)–Opengear, a Digi International company (NASDAQ: DGII, www.digi.com) and provider of secure and Smart Out of Band™ management solutions, today announced a major transformation in how organizations buy, deploy, and maintain their network infrastructure.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250609348748/en/

Beginning this month, every new Opengear appliance will ship with five years of built-in hardware coverage and inclusive SLA-backed support. This shift turns support into a strategic asset, enabling IT leaders to plan more confidently, reduce risk, and simplify the path to network resilience.

“This marks a meaningful evolution in the way we support our customers,” said Patrick Quirk, President and General Manager, Opengear. “We’re delivering peace of mind through smarter coverage, flexible service options, and a consistent, long-term ownership experience. This is a foundational shift to help our customers scale resiliently and predictably.”

Built-In Support, Tailored for Modern IT

With today’s infrastructure under constant pressure to deliver uptime, Opengear’s support model takes the guesswork out of ownership and scales with operational needs.

• Five years, standard: Every new Opengear device comes with 5 years of hardware protection — no forms, no added cost, no surprises
• Two SLA-backed support tiers:
  • Foundation: 8×5 support, advanced hardware replacement, and guaranteed response SLAs
  • Premium: 24x7x365 coverage, accelerated escalation, senior technical experts, and — for enterprise customers — dedicated advocates and 60 hours of annual professional services
• Simplified purchasing: By requiring support on all new appliances and standardizing SKUs, Opengear eliminates quoting complexity and aligns long-term total cost of ownership (TCO)

See It First at Cisco Live 2025

Opengear will showcase its integrated support platform at Cisco Live 2025, June 8-12 in San Diego. Attendees are invited to:

• Connect with Opengear product leaders and spokespeople

• Explore how integrated support is embedded across Opengear appliances

• Learn about the differences between Foundation and Premium support tiers in live discussions and guided walkthroughs

Or you can visit www.opengear.com/support_solution/.

About Opengear

Opengear, a Digi International company, delivers secure, resilient access and automation to support critical IT infrastructure on the First Day, Worst Day, and Every Day. Through presence and proximity, Opengear solutions enable provisioning, orchestration, and remote management of network devices through innovative Lighthouse central management software and a wide range of appliances. Opengear solutions are trusted by global organizations across financial, digital communications, retail, and manufacturing sectors. The company is headquartered in Utah, with an R&D center in Brisbane, Australia. For more information, visit www.opengear.com/.

About Digi International

Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit www.digi.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609348748/en/

Opengear Media Contact

Peter Ramsay / Lora Metzner

Global Results Communications

[email protected]

+1 949.307.5908

KEYWORDS: North America United States Asia Pacific Europe Canada California

INDUSTRY KEYWORDS: Data Management Technology IOT (Internet of Things) Security Other Technology Software Networks Internet Mobile/Wireless Hardware Electronic Design Automation

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Opengear Unveils Integrated Support Platform to Empower Always-On Infrastructure.

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Schwab Asset Management Reduces Fees on Four Equity Index ETFs and Announces Mutual Fund Share Splits

WESTLAKE, Texas–(BUSINESS WIRE)–
Schwab Asset Management^®, the asset management arm of The Charles Schwab Corporation and the fifth-largest provider of ETFs¹, today announced the reduction of operating expense ratios (OERs) for four equity index ETFs along with forward share splits on six Schwab mutual funds. The ETF fee reductions, effective June 10, 2025, will make the cost of all Schwab equity and fixed income market cap-weighted index ETFs less than 10 basis points. The forward share splits include the Schwab 1000 Index^® Fund (SNXFX), which, nearly 35 years after launch, will return to a net asset value (NAV) more closely aligned to its initial share price of $10.

Schwab Equity Index ETFs’ Expense Ratio Changes

Name of Fund (Ticker)	Operating Expense Ratio Prior to June 10, 2025	Operating Expense Ratio After June 10, 2025
Schwab 1000 Index® ETF (SCHK)	0.05%	0.03%
Schwab International Equity ETF (SCHF)	0.06%	0.03%
Schwab International Small-Cap Equity ETF (SCHC)	0.11%	0.08%
Schwab Emerging Markets Equity ETF (SCHE)	0.11%	0.07%

“Schwab is proud to be a leader in democratizing investing, and we are constantly looking for new opportunities to make investing as accessible as possible,” said John Sturiale, Head of Product Management and Innovation, Schwab Asset Management. “Today, we’re taking another important step in advancing our commitment to providing investors with low-cost, high-quality building blocks for a well-diversified portfolio.”

Forward share splits increase the number of shares outstanding and decrease the NAV per share. The share splits will not alter the rights or change the total value of a shareholder’s investment, nor will they be a taxable event for shareholders. They are scheduled to occur on August 15, 2025, and will apply to shareholders of record on or about August 13, 2025.

Schwab Mutual Fund Share Splits

Name of Fund (Ticker)	Split Ratio
Schwab 1000 Index® Fund (SNXFX)	10-1 (Shareholders will receive ten shares in exchange for every one share they currently own)
Schwab U.S. Large-Cap Growth Index Fund (SWLGX)	8-1 (Shareholders will receive eight shares in exchange for every one share they currently own)
Schwab Total Stock Market Index Fund (SWTSX)	7-1 (Shareholders will receive seven shares in exchange for every one share they currently own)
Schwab S&P 500 Index Fund (SWPPX)	6-1 (Shareholders will receive six shares in exchange for every one share they currently own)
Schwab U.S. Mid-Cap Index Fund (SWMCX)	5-1 (Shareholders will receive five shares in exchange for every one share they currently own)
Schwab U.S. Large-Cap Value Index Fund (SWLVX)	4-1 (Shareholders will receive four shares in exchange for every one share they currently own)

These moves to increase accessibility for investors come on the heels of Schwab’s launch of National Investing Day on May 1, 2025. The day, which will be recognized annually, aims to raise awareness about the power of long-term investing and inspire more people to get invested and stay invested. Schwab’s efforts to reduce barriers to investing, raise awareness and provide robust investing education are all part of its enduring mission to help people reach their financial goals.

To learn more about Schwab Asset Management’s entire lineup of ETFs and mutual funds, visit www.schwabassetmanagement.com.

About Schwab Asset Management

One of the industry’s largest and most experienced asset managers, Schwab Asset Management offers a focused lineup of competitively priced ETFs, mutual funds and separately managed account strategies designed to serve the central needs of most investors. By operating through clients’ eyes, and putting them at the center of our decisions, we aim to deliver exceptional experiences to investors and the financial professionals who serve them. As of March 31, 2025, Schwab Asset Management managed approximately $1.4 billion on a discretionary basis and $33.8 billion on a non-discretionary basis. More information is available at www.schwabassetmanagement.com.

About Charles Schwab

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.

More information is available at www.aboutschwab.com. Follow us on X, Facebook, YouTube and LinkedIn.

Disclosures:

Investors should consider carefully information contained in the prospectus, or if available, the summary prospectus, including investment objectives, risks, charges and expenses. You can view and download a prospectus by visiting https://www.schwabassetmanagement.com/prospectus. Please read it carefully before investing.

Investment returns will fluctuate and are subject to market volatility, so that an investor’s shares, when redeemed or sold, may be worth more or less than their original cost. Unlike mutual funds, shares of ETFs are not individually redeemable directly with the ETF. Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV).

Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.

Schwab Asset Management^® is the dba name for Charles Schwab Investment Management, Inc., the investment adviser for Schwab Funds, Schwab ETFs, and separately managed account strategies. Schwab Funds are distributed by Charles Schwab & Co, Inc. (Schwab), Member SIPC. Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). Schwab Asset Management and Schwab are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation, and are not affiliated with SIDCO.

0625-0059

____________________

1 Source: Lipper, March 31, 2025.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609650185/en/

Christine Underhill

Charles Schwab

415-961-3790

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

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Halliburton to Optimize Remaining Potential of the UK North Sea in Collaboration With Repsol Resources UK

ABERDEEN, Scotland–(BUSINESS WIRE)–
Repsol Resources UK (OTC: REPYF) awarded Halliburton (NYSE: HAL) a 5-year contract to support the full well lifecycle on their platform assets in the UK North Sea.

Halliburton will provide subsurface technology, drilling and completion services, and digital solutions for major new developments. The company will deliver a rigless intervention framework that enables Repsol Resources UK to optimize well construction, production, and intervention to maximize plug and abandonment (P&A) operations.

“This collaboration between Halliburton and Repsol Resources UK marks a strategic milestone,” said Timothy Horsfall, vice president, Halliburton Europe. “The efforts to maximize the remaining potential of the UK North Seaalign withour focus to provide safe and reliable P&A operations.”

The two companies aim to establish an industry standard for innovation and economic growth. Halliburton’s services will support Repsol Resources UK’s decommissioning efforts in the region.

About Halliburton

Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.

About Repsol

Repsol UK is a North Sea operator, based in Aberdeen, Scotland, with interests in 43 fields, of which they operate 36, on the UK Continental Shelf with 11 offshore installations and two onshore terminals. Their assets include producing oil fields, major new developments and a number of assets that have ceased production or are approaching decommissioning.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250609305027/en/

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KEYWORDS: Texas Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Engineering Oil/Gas Manufacturing Energy Other Manufacturing Machinery

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