BLUCORA, INC. (NASDAQ:BCOR) Files An 8-K Other EventsItem 8.01 Other Events.
BLUCORA, INC. (NASDAQ:BCOR) Files An 8-K Other Events
On November 28, 2016, Cambridge Information Group I, LLC (“CIG”) entered into a pre-arranged stock trading plan for the sale of up to 750,000 shares of common stock of Blucora, Inc. (the “Company”) in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the Company’s Insider Trading Policy. CIG beneficially owns 2,022,652 shares, representing approximately 4.8% of the Company’s outstanding shares, and Andrew Snyder, one of the Company’s directors, serves as the Chief Executive Officer of its managing member, Cambridge Information Group, Inc.
CIG advised the Company that the reason for the sale is to diversify CIG’s investments.
All sales of common stock under the trading plan will be disclosed publicly in accordance with applicable securities laws, rules and regulations through appropriate filings with the U.S. Securities and Exchange Commission.
In addition, the Company pre-cleared three donor advised funds established by Mr. Snyder and members of his family to sell up to an aggregate of 52,150 shares of the Company’s common stock. All proceeds from sales by the funds must be contributed to charitable organizations.
About BLUCORA, INC. (NASDAQ:BCOR)
Blucora, Inc. is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. Its Wealth Management segment distributes products and services through financial advisors. HD Vest provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients. Its Tax Preparation segment provides digital do-it-yourself tax preparation solutions for consumers, small business owners and tax professionals. TaxAct provides digital tax preparation solutions. It also offers a range of tax preparation solutions and online lead generation capabilities to enable the filing of over 60 million federal consumer tax returns. BLUCORA, INC. (NASDAQ:BCOR) Recent Trading Information
BLUCORA, INC. (NASDAQ:BCOR) closed its last trading session up +0.05 at 14.45 with 95,640 shares trading hands.
Blucora, Inc. is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. Its Wealth Management segment distributes products and services through financial advisors. HD Vest provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients. Its Tax Preparation segment provides digital do-it-yourself tax preparation solutions for consumers, small business owners and tax professionals. TaxAct provides digital tax preparation solutions. It also offers a range of tax preparation solutions and online lead generation capabilities to enable the filing of over 60 million federal consumer tax returns. BLUCORA, INC. (NASDAQ:BCOR) Recent Trading Information
BLUCORA, INC. (NASDAQ:BCOR) closed its last trading session up +0.05 at 14.45 with 95,640 shares trading hands.