{"id":538828,"date":"2021-09-15T16:13:16","date_gmt":"2021-09-15T20:13:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/qualtrics-announces-completion-of-exchange-offer\/"},"modified":"2021-09-15T16:13:16","modified_gmt":"2021-09-15T20:13:16","slug":"qualtrics-announces-completion-of-exchange-offer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/qualtrics-announces-completion-of-exchange-offer\/","title":{"rendered":"Qualtrics Announces Completion Of Exchange Offer"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">PROVO, Utah<\/span> and <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">Sept. 15, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Qualtrics (NASDAQ: XM), the leader and creator of the Experience Management (XM) category, today announced the successful completion of an\u00a0exchange offer by Qualtrics to certain eligible employees of QAL Technologies Pty Ltd, a proprietary limited company organized in <span class=\"xn-location\">Australia<\/span> and a subsidiary of Qualtrics,\u00a0to exchange all of their outstanding cash-settled fixed value rights and all of their outstanding cash-settled rights that are linked to the value of SAP Ordinary Shares for unvested rights\u00a0(&#8220;Qualtrics RSUs&#8221;) to receive shares of Qualtrics Class A common stock. The exchange offer expired, as scheduled, at 11:59\u00a0p.m.,\u00a0Mountain\u00a0Time, on <span class=\"xn-chron\">September 10<\/span>, 2021\u00a0(or <span class=\"xn-chron\">3:59 p.m.<\/span>, Australian Eastern Time, on <span class=\"xn-chron\">September 11, 2021<\/span>).<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1311410\/Qualtrics_XM_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1311410\/Qualtrics_XM_Logo.jpg\" title=\"(PRNewsfoto\/Qualtrics)\" alt=\"(PRNewsfoto\/Qualtrics)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Pursuant to\u00a0the exchange offer, a total of 60\u00a0eligible employees elected to tender\u00a0and did not withdraw\u00a0their outstanding awards in the exchange offer,\u00a0and Qualtrics accepted for exchange awards\u00a0representing approximately 78.30% of the value of all\u00a0outstanding awards eligible to be tendered. Promptly following the expiration of the exchange offer,\u00a0all properly tendered awards were cancelled and, pursuant to the terms of the exchange offer and the 2021 Qualtrics International Inc. Employee Omnibus Equity Plan, Qualtrics granted 30,539 Qualtrics RSUs in exchange for the tendered awards.<\/p>\n<p>\n        <b>About Qualtrics<\/b>\n      <\/p>\n<p>Qualtrics, the leader and creator of the Experience Management (XM) category, is changing the way organizations manage and improve the four core experiences of business\u2014customer, employee, product and brand. Over 13,500 organizations around the world use Qualtrics to listen, understand and take action on experience data (X-data\u2122)\u2014the beliefs, emotions and intentions that tell you why things are happening, and what to do about it. The Qualtrics XM Platform\u2122 is a system of action that helps businesses attract customers who stay longer and buy more, engage employees who build a positive culture, develop breakthrough products people love and build a brand people are passionate about. To learn more, please visit qualtrics.com.<\/p>\n<p>\n        <b>Investor Relations: <br \/><\/b><br \/>\n        <span class=\"xn-person\">Steven Wu<\/span><br \/>\n        <br \/>Head of FP&amp;A and Investor Relations <br \/><a target=\"_blank\" href=\"mailto:investors@qualtrics.com\" rel=\"nofollow noopener\">investors@qualtrics.com<\/a><\/p>\n<p>\n        <b>Public Relations: <br \/><\/b><br \/>\n        <span class=\"xn-person\">Gina Sheibley<\/span><br \/>\n        <br \/>Chief Communications Officer <br \/><a target=\"_blank\" href=\"mailto:press@qualtrics.com\" rel=\"nofollow noopener\">press@qualtrics.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA08731&amp;sd=2021-09-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/qualtrics-announces-completion-of-exchange-offer-301378029.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/qualtrics-announces-completion-of-exchange-offer-301378029.html<\/a><\/p>\n<p>SOURCE  Qualtrics<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA08731&amp;Transmission_Id=202109151610PR_NEWS_USPR_____LA08731&amp;DateId=20210915\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire PROVO, Utah and SEATTLE, Sept. 15, 2021 \/PRNewswire\/ &#8212;\u00a0Qualtrics (NASDAQ: XM), the leader and creator of the Experience Management (XM) category, today announced the successful completion of an\u00a0exchange offer by Qualtrics to certain eligible employees of QAL Technologies Pty Ltd, a proprietary limited company organized in Australia and a subsidiary of Qualtrics,\u00a0to exchange all of their outstanding cash-settled fixed value rights and all of their outstanding cash-settled rights that are linked to the value of SAP Ordinary Shares for unvested rights\u00a0(&#8220;Qualtrics RSUs&#8221;) to receive shares of Qualtrics Class A common stock. The exchange offer expired, as scheduled, at 11:59\u00a0p.m.,\u00a0Mountain\u00a0Time, on September 10, 2021\u00a0(or 3:59 p.m., Australian Eastern Time, on September 11, 2021). Pursuant to\u00a0the exchange offer, a total &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qualtrics-announces-completion-of-exchange-offer\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Qualtrics Announces Completion Of Exchange Offer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-538828","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Qualtrics Announces Completion Of Exchange Offer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/qualtrics-announces-completion-of-exchange-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qualtrics Announces Completion Of Exchange Offer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire PROVO, Utah and SEATTLE, Sept. 15, 2021 \/PRNewswire\/ &#8212;\u00a0Qualtrics (NASDAQ: XM), the leader and creator of the Experience Management (XM) category, today announced the successful completion of an\u00a0exchange offer by Qualtrics to certain eligible employees of QAL Technologies Pty Ltd, a proprietary limited company organized in Australia and a subsidiary of Qualtrics,\u00a0to exchange all of their outstanding cash-settled fixed value rights and all of their outstanding cash-settled rights that are linked to the value of SAP Ordinary Shares for unvested rights\u00a0(&#8220;Qualtrics RSUs&#8221;) to receive shares of Qualtrics Class A common stock. The exchange offer expired, as scheduled, at 11:59\u00a0p.m.,\u00a0Mountain\u00a0Time, on September 10, 2021\u00a0(or 3:59 p.m., Australian Eastern Time, on September 11, 2021). 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