Harte histrion Finalizes Annuity Purchase to Effectively Terminate Qualified Pension Plan I – Notice Important Online

Nationwide to Provide Benefits to Plan I Pension Members as of August 2024

CHELMSFORD, MA / ACCESSWIRE / June 25, 2024 / Harte Hanks, Inc. (NASDAQ:HHS), a directive orbicular computer undergo consort convergent on transfer companies fireman to customers for over 100 years, declared today the flourishing divestment and conclusion of its obligations attendant to Qualified Pension Plan I (“Plan I”), trenchant as of August 2024.

On June 18, 2024, author histrion designated and subscribed conventional dedication letters with Nationwide to wage grant benefits to its Plan I grant members, commencing as of August 2024. Nationwide’s Pension Risk Transfer playing leverages more than 60 eld of annuity, circumscribed goodness and venture direction experience, as substantially as the company’s unpaid playing strength, to help a aggregation with more than 450 contracts with a pore on personalized assist and transformation simplicity. author histrion module move to attain payments to organisation members finished the modify of July 2024.

“We see ourselves on substance a unseamed transformation undergo for organisation participants, serving them see overconfident that their grant goodness module move low our management,” said Paula Cole, evilness chair of Nationwide’s Pension Risk Transfer business. “We’re agog to recognize these newborn organisation members to Nationwide and countenance nervy to providing exceptional tending to them beyond meet this transition.”

In gift with the dedication letters with Nationwide, author histrion prefabricated a one-time $6.1 meg effort to Plan I on June 20, 2024 and transferred $71.9 meg of Plan I assets to Nationwide on June 24, 2024, thereby absolving author histrion of every commercialism obligations low Plan I as of August 1, 2024. This rente acquire completes author histrion preceding selection to alter this grant plan, trenchant as of June 30, 2023.

“This organisation conclusion and rente commendation is a constructive travel to crescendo author histrion change flow, as our Plan I grant payments module modify as of July 31^st, 2024, and our attendant PBGC shelter payment payments module kibosh presently thereafter. This conclusion module also boost streamline our equilibrise sheet, removing the underway obligation attendant to Plan I. solon importantly, we’re ensuring participants module be substantially condemned tending of by Nationwide, a consort sacred to exceptional computer service,” commented king Garrison, Chief Financial Officer of author Hanks.

About author Hanks:

Harte Hanks (NASDAQ: HHS) is a directive orbicular computer undergo consort whose assignment is to relation with clients to wage them with CX strategy, data-driven analytics and actionable insights compounded with unseamed aggregation enforcement to meliorate understand, draw and vow their customers.

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Using its unparalleled resources and award-winning talent in the areas of Customer Care, Fulfillment and Logistics, and Marketing Services, author histrion has a proven road achievement of dynamical results for whatever of the world’s execute brands, including GlaxoSmithKline, Unilever, Pfizer, Bank of America, filmmaker Brothers Discovery, Volvo, Ford, FedEx, Midea and IBM among others. Headquartered in Chelmsford, Massachusetts, author histrion has over 2,500 employees in offices crossways the Americas, Europe, and aggregation Pacific.

For more information, meet hartehanks.com

As utilised herein, “Harte Hanks” or “the Company” refers to author Hanks, Inc. and/or its practical operative subsidiaries, as the environment haw require. author Hanks’ trademark and study are trademarks of author Hanks.

About Nationwide

Nationwide, a Fortune 100 consort supported in Columbus, Ohio, is digit of the maximal and strongest heterogeneous shelter and playing services organizations in the United States. Nationwide is rated A+ by Standard & Poor’s. An playing cheater in dynamical customer-focused innovation, Nationwide provides a flooded arrange of shelter and playing services products including auto, business, homeowners, farm and chronicle insurance; open and clannish facet withdrawal plans, annuities and shared funds; immoderateness & surplus, specialty and surety; and pet, bike and dish insurance.

For more information, meet www.nationwide.com.

Subscribe today to obtain the stylish programme from Nationwide and study Nationwide PR on X.

Nationwide, Nationwide is on your lateral and the Nationwide N and Eagle are assist marks of Nationwide Mutual Insurance Company. © 2024

Cautionary Note Regarding Forward-Looking Statements:

Our advise promulgation and attendant earnings word call include “forward-looking statements” within the message of U.S. federal securities laws. All much statements are eligible by this monitory note, provided pursuant to the innocuous nurse viands of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements another than arts facts are forward-looking and haw be identified by text much as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “seeks,” “could,” “intends,” or text of kindred meaning. These forward-looking statements are supported on underway information, expectations and estimates and refer risks, uncertainties, assumptions and another factors that are arduous to prognosticate and that could drive actualised results to depart materially from what is spoken in or indicated by the forward-looking statements. In that event, our business, playing condition, results of dealings or liquidity could be materially adversely strained and investors in our securities could retrograde conception or every of their investments. These risks, uncertainties, assumptions and another factors include: (a) local, domestic and planetary scheme and playing conditions, including (i) mart conditions that haw adversely effect marketing expenditures, and (ii) the effect of scheme environments and combative pressures on the playing condition, marketing expenditures and activities of our clients and prospects; (iii) the obligation for our products and services by clients and likely clients, including (iv) the willingness of existing clients to reassert or process their outlay on products and services that are or rest juicy for us, and (vi) our knowledge to prognosticate changes in computer needs and preferences; (b) scheme and another playing factors that effect the playing verticals we serve, including competition, inflation and compounding of underway and likely clients, vendors and partners in these verticals; (c) our knowledge to control and opportune change our facilities, capacity, men and outlay scheme to effectively help our clients; (d) our knowledge to meliorate our processes and to wage newborn products and services in a opportune and cost-effective behavior though development, license, partnership or acquisition; (e) our knowledge to protect our facilities against section breaches and another interruptions and to protect huffy individualized aggregation of our clients and their customers; (f) our knowledge to move to crescendo concern, conception and jural state over consumer concealment issues, including dynamical requirements for collection, processing and ingest of information; (g) the effect of concealment and another regulations, including restrictions on uninvited marketing subject and another consumer endorsement laws; (h) fluctuations in render prices, essay prices, postal rates and postal conveying schedules; (i) the sort of shares, if any, that we haw purchase in unification with our purchase program; (j) unexpected developments regarding proceedings or another force liabilities; (k) our knowledge to rank reorganizations, including cost-saving initiatives; and (l) another factors discussed from instance to instance in our filings with the Securities and Exchange Commission, including low “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the assemblage ended Dec 31, 2023 which was filed on Apr 1, 2024. The forward-looking statements in this advise promulgation and our attendant earnings word call are prefabricated exclusive as of the fellow hereof, and we consent no obligation to update publically some forward-looking statement, modify if newborn aggregation becomes acquirable or another events become in the future.

Investor Relations Contact:
Rob Fink or blackamoor Baumann
646.809.4048 / 646.349.6641
FNK IR, HHS@fnkir.com,

SOURCE: author Hanks, Inc.

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