SERVICEMASTER GLOBAL HOLDINGS,INC. (NYSE:SERV) Files An 8-K Other Events
Item 8.01. Other Events.

On July 26, 2017, ServiceMaster Global Holdings, Inc. (the “Company”) issued a press release announcing that the Company intends to separate its American Home Shield (“AHS”) business from the Company’s Terminix and Franchise Services Group businesses by means of a tax-free spinoff of the AHS business to Company shareholders, resulting in two publicly traded companies.

The Company also announced the appointment of Nikhil M. Varty, 52, as Chief Executive Officer of the Company and as a member of the board of directors of the Company, in each case effective as of July 26, 2017, and that Mr. Robert F. Gillette ceased to hold the position of Chief Executive Officer of the Company on such date.

The Company also disclosed preliminary financial information for its fiscal quarter ended June 30, 2017, along with an update on guidance for its fiscal year ending December 31, 2017.

A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

SERVICEMASTER GLOBAL HOLDINGS INC Exhibit
EX-99.1 2 serv-20170726xex99_1.htm EX-99.1 072617 Exhibit 99.1 New CEO Exhibit 99.1 For further information contact:  Investor Relations: Brian Turcotte 901.597.3282 [email protected]   Media: Peter Tosches 901.597.8449 [email protected]   ServiceMaster Announces Intention to Spin Off American Home Shield and the Appointment of Nikhil Varty as Chief Executive Officer  Separation Provides Both ServiceMaster and American Home Shield the Opportunity to Realize Their Respective Growth Potential and Deliver Enhanced Long-Term Value for Shareholders  Mr. Varty Brings Significant Operational Expertise and Proven Track Record of Executing Strategic Priorities  MEMPHIS,…
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About SERVICEMASTER GLOBAL HOLDINGS,INC. (NYSE:SERV)

ServiceMaster Global Holdings, Inc. is a holding company. The Company is a provider of essential residential and commercial services. Its services include termite and pest control, home warranties, disaster restoration, janitorial, residential cleaning, furniture repair and home inspection. The Company operates through three segments: Terminix, American Home Shield and the Franchise Services Group. The Terminix segment provides termite and pest control services to residential and commercial customers and distributes pest control products. Terminix specializes in protection against termite damage, rodents, insects and other pests. The American Home Shield segment provides home warranties for household systems and appliances. The Company’s Franchise Services Group segment consists of the ServiceMaster Restore (disaster restoration), ServiceMaster Clean (janitorial), Merry Maids (residential cleaning), Furniture Medic (furniture repair) and AmeriSpec (home inspection) businesses.