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Clarivate Plc – ‘8-K’ for 12/1/22

On:  Thursday, 12/1/22, at 4:53pm ET   ·   For:  12/1/22   ·   Accession #:  1764046-22-171   ·   File #:  1-38911

Previous ‘8-K’:  ‘8-K’ on / for 11/15/22   ·   Next:  ‘8-K’ on 12/20/22 for 12/19/22   ·   Latest:  ‘8-K’ on / for 3/4/24   ·   1 Reference:  By:  Clarivate Plc – ‘S-3ASR’ on 12/1/22

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  As Of               Filer                 Filing    For·On·As Docs:Size

12/01/22  Clarivate Plc                     8-K:8,9    12/01/22  154:23M

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML    347K 
 2: EX-23.1     Consent of Expert or Counsel                        HTML     39K 
 3: EX-99.1     Miscellaneous Exhibit                               HTML   4.15M 
 9: R1          Cover                                               HTML     88K 
10: R2          Audit Information                                   HTML     44K 
11: R3          Consolidated Balance Sheets                         HTML    155K 
12: R4          Consolidated Balance Sheets (Parenthetical)         HTML     60K 
13: R5          Consolidated Statements of Operations               HTML    132K 
14: R6          Consolidated Statements of Comprehensive Income     HTML     67K 
                (Loss)                                                           
15: R7          Consolidated Statements of Comprehensive Income     HTML     44K 
                (Loss) (Parenthetical)                                           
16: R8          Consolidated Statements of Changes in Equity        HTML    155K 
17: R9          Consolidated Statements of Cash Flows               HTML    240K 
18: R10         Background and Nature of Operations                 HTML     53K 
19: R11         Basis of Presentation                               HTML     43K 
20: R12         Summary of Significant Accounting Policies          HTML    143K 
21: R13         Business Combinations                               HTML    182K 
22: R14         Assets Held for Sale and Divested Operations        HTML     44K 
23: R15         Accounts Receivable                                 HTML     63K 
24: R16         Leases                                              HTML    162K 
25: R17         Property and Equipment, Net                         HTML     53K 
26: R18         Other Intangible Assets, net and Goodwill           HTML    115K 
27: R19         Derivative Instruments                              HTML     60K 
28: R20         Fair Value Measurements                             HTML    128K 
29: R21         Accrued Expenses and Other Current Liabilities      HTML     59K 
30: R22         Pension and Other Post-Retirement Benefits          HTML    134K 
31: R23         Debt                                                HTML    112K 
32: R24         Revenue                                             HTML     81K 
33: R25         Shareholders' Equity                                HTML     61K 
34: R26         Employment and Compensation Arrangements            HTML    123K 
35: R27         Income Taxes                                        HTML    165K 
36: R28         Earnings per Share                                  HTML     74K 
37: R29         Other Operating Income, Net                         HTML     52K 
38: R30         Tax Receivable Agreement (Notes)                    HTML     42K 
39: R31         Product and Geographic Sales Information            HTML    122K 
40: R32         Commitments and Contingencies                       HTML     57K 
41: R33         Related Party and Former Parent Transactions        HTML     48K 
42: R34         Restructuring                                       HTML     92K 
43: R35         Quarterly Financial Data (Unaudited)                HTML     99K 
44: R36         Subsequent Events                                   HTML     42K 
45: R37         Summary of Significant Accounting Policies          HTML    198K 
                (Policies)                                                       
46: R38         Summary of Significant Accounting Policies          HTML     61K 
                (Tables)                                                         
47: R39         Business Combinations (Tables)                      HTML    169K 
48: R40         Accounts Receivable (Tables)                        HTML     53K 
49: R41         Leases (Tables)                                     HTML    112K 
50: R42         Property and Equipment, Net (Tables)                HTML     54K 
51: R43         Other Intangible Assets, net and Goodwill (Tables)  HTML    111K 
52: R44         Derivative Instruments (Tables)                     HTML     51K 
53: R45         Fair Value Measurements (Tables)                    HTML    108K 
54: R46         Accrued Expenses and Other Current Liabilities      HTML     59K 
                (Tables)                                                         
55: R47         Pension and Other Post-Retirement Benefits          HTML    137K 
                (Tables)                                                         
56: R48         Debt (Tables)                                       HTML     89K 
57: R49         Revenue (Tables)                                    HTML     88K 
58: R50         Employment and Compensation Arrangements (Tables)   HTML    101K 
59: R51         Income Taxes (Tables)                               HTML    169K 
60: R52         Earnings per Share (Tables)                         HTML     71K 
61: R53         Other Operating Income, Net (Tables)                HTML     52K 
62: R54         Product and Geographic Sales Information (Tables)   HTML    135K 
63: R55         Commitments and Contingencies (Tables)              HTML     45K 
64: R56         Restructuring (Tables)                              HTML     82K 
65: R57         Quarterly Financial Data (Unaudited) (Tables)       HTML     97K 
66: R58         Background and Nature of Operations - Sale of       HTML    103K 
                Stock (Details)                                                  
67: R59         Summary of Significant Accounting Policies -        HTML     51K 
                Restricted Cash and Concentration of credit risk                 
                (Details)                                                        
68: R60         Summary of Significant Accounting Policies - Other  HTML    121K 
                Information (Details)                                            
69: R61         Business Combinations - Narrative (Details)         HTML    187K 
70: R62         Business Combinations - Purchase Price Composition  HTML     75K 
                (Details)                                                        
71: R63         Business Combinations - Revenue and Net Loss        HTML     52K 
                Recognized (Details)                                             
72: R64         Business Combinations - Purchase Price Allocation   HTML    142K 
                (Details)                                                        
73: R65         Business Combinations - Intangible Assets Acquired  HTML    110K 
                (Details)                                                        
74: R66         Business Combinations - Pro Forma Information       HTML     51K 
                (Details)                                                        
75: R67         Business Combinations - Measurement Period          HTML     89K 
                Adjustments (Details)                                            
76: R68         Assets Held for Sale and Divested Operations        HTML     74K 
                (Details)                                                        
77: R69         Assets Held for Sale and Divested Operations -      HTML     58K 
                Summary of Assets and Liabilities Held for Sale                  
                Related to Divestment (Details)                                  
78: R70         Accounts Receivable (Details)                       HTML     71K 
79: R71         Leases - Narrative (Details)                        HTML     55K 
80: R72         Leases - Supplemental Balance Sheet Information     HTML     66K 
                (Details)                                                        
81: R73         Leases - Lease Cost (Details)                       HTML     53K 
82: R74         Leases - Supplemental Information (Details)         HTML     66K 
83: R75         Leases - Future Lease Payments (Details)            HTML     79K 
84: R76         Property and Equipment, Net (Details)               HTML     66K 
85: R77         Other Intangible Assets, net and Goodwill -         HTML     69K 
                Intangible Assets by Major Class (Details)                       
86: R78         Other Intangible Assets, net and Goodwill - Other   HTML     98K 
                Intangibles Narrative (Details)                                  
87: R79         Other Intangible Assets, net and Goodwill -         HTML     56K 
                Remaining Weighted-Average Amortization Period                   
                (Details)                                                        
88: R80         Other Intangible Assets, net and Goodwill -         HTML     63K 
                Estimated Amortization (Details)                                 
89: R81         Other Intangible Assets, net and Goodwill - Change  HTML     68K 
                in the Carrying Amount of Goodwill (Details)                     
90: R82         Other Intangible Assets, net and Goodwill -         HTML    115K 
                Goodwill Narrative (Details)                                     
91: R83         Derivative Instruments (Details)                    HTML     76K 
92: R84         Derivative Instruments - Changes in AOCI (Net of    HTML     53K 
                Tax) (Details)                                                   
93: R85         Fair Value Measurements - Narrative (Details)       HTML    104K 
94: R86         Fair Value Measurements - Changes in Private        HTML     52K 
                Placement Warrants Liabilities (Details)                         
95: R87         Fair Value Measurements - Changes in Level 3,       HTML     49K 
                Earnout (Details)                                                
96: R88         Fair Value Measurements - Assets and liabilities    HTML     80K 
                that were recognized at fair value on a recurring                
                basis (Details)                                                  
97: R89         Accrued Expenses and Other Current Liabilities      HTML     62K 
                (Details)                                                        
98: R90         Pension and Other Post-Retirement Benefits -        HTML     93K 
                Defined contribution plans (Details)                             
99: R91         Pension and Other Post-Retirement Benefits -        HTML     94K 
                Projected benefit obligations, the plan assets,                  
                and the funded status (Details)                                  
100: R92         Pension and Other Post-Retirement Benefits -        HTML     48K  
                Balance sheets presentation (Details)                            
101: R93         Pension and Other Post-Retirement Benefits -        HTML     52K  
                Accumulated benefit obligation (Details)                         
102: R94         Pension and Other Post-Retirement Benefits -        HTML     58K  
                Benefit costs (Details)                                          
103: R95         Pension and Other Post-Retirement Benefits -        HTML     50K  
                Periodic benefit cost assumptions (Details)                      
104: R96         Pension and Other Post-Retirement Benefits -        HTML     59K  
                Benefit obligations assumptions (Details)                        
105: R97         Pension and Other Post-Retirement Benefits - Plan   HTML     57K  
                assets (Details)                                                 
106: R98         Pension and Other Post-Retirement Benefits -        HTML     56K  
                Estimated pension benefit payments (Details)                     
107: R99         Debt - Summary of Debt (Details)                    HTML     81K  
108: R100        Debt - Senior Secured Notes due 2026 (Details)      HTML     81K  
109: R101        Debt - Summary of Redemption Prices (Details)       HTML     63K  
110: R102        Debt - The Credit Facilities (Details)              HTML    120K  
111: R103        Debt - Senior Unsecured Notes (2029) and Senior     HTML     94K  
                Secured Notes (2028) (Details)                                   
112: R104        Debt - Fair Value (Details)                         HTML     43K  
113: R105        Debt - Summary of Outstanding Borrowings (Details)  HTML     63K  
114: R106        Revenue - Disaggregated Revenues and Cost to        HTML     70K  
                Obtain a Contract (Details)                                      
115: R107        Revenue - Contract Balances and Transaction Price   HTML     62K  
                Allocated to the Remaining Performance Obligation                
                (Details)                                                        
116: R108        Revenue - Transaction Price Allocated to the        HTML     57K  
                Remaining Performance Obligation (Details)                       
117: R109        Shareholders' Equity (Details)                      HTML    213K  
118: R110        Employment and Compensation Arrangements -          HTML    284K  
                Narrative (Details)                                              
119: R111        Employment and Compensation Arrangements - Stock    HTML    104K  
                Option Activity (Details)                                        
120: R112        Employment and Compensation Arrangements -          HTML     61K  
                Assumptions (Details)                                            
121: R113        Employment and Compensation Arrangements - RSU      HTML     67K  
                activity (Details)                                               
122: R114        Employment and Compensation Arrangements - PSU      HTML     98K  
                activity (Details)                                               
123: R115        Employment and Compensation Arrangements - Private  HTML     55K  
                Placement Warrant (Details)                                      
124: R116        Income Taxes - Income tax (Benefit)/Expense on      HTML     78K  
                Income/(Loss)By Jurisdiction (Details)                           
125: R117        Income Taxes - Components of pre-tax loss           HTML     51K  
                (Details)                                                        
126: R118        Income Taxes - Reconciliation of the statutory tax  HTML     79K  
                rate to effective tax rate (Details)                             
127: R119        Income taxes - Tax effects of the significant       HTML     82K  
                components of temporary differences (Details)                    
128: R120        Income taxes - Balance Sheet Presentation           HTML     45K  
                (Details)                                                        
129: R121        Income taxes - Deferred tax assets and liabilities  HTML     62K  
                (Details)                                                        
130: R122        Income Taxes - Deferred Tax Valuation Allowance     HTML     47K  
                (Details)                                                        
131: R123        Income Taxes - Uncertain Tax Positions (Details)    HTML     69K  
132: R124        Earnings per Share - Narrative (Details)            HTML     50K  
133: R125        Earnings per Share (Details)                        HTML     92K  
134: R126        Other Operating Income, Net (Details)               HTML     50K  
135: R127        Tax Receivable Agreement (Details)                  HTML     47K  
136: R128        Product and Geographic Sales Information -          HTML     53K  
                Narrative (Details)                                              
137: R129        Product and Geographic Sales Information - Revenue  HTML     55K  
                by Segment (Details)                                             
138: R130        Product and Geographic Sales Information -          HTML    105K  
                Adjusted EBITDA by Segment (Details)                             
139: R131        Product and Geographic Sales Information - Revenue  HTML     56K  
                by Geography (Details)                                           
140: R132        Product and Geographic Sales Information - Assets   HTML     56K  
                by Geography (Details)                                           
141: R133        Product and Geographic Sales Information - Revenue  HTML     47K  
                by Product Group (Details)                                       
142: R134        Commitments and Contingencies - Contingencies       HTML    100K  
                (Details)                                                        
143: R135        Commitments and Contingencies - Unconditional       HTML     59K  
                Purchase Obligations (Details)                                   
144: R136        Commitments and Contingencies - Mandatory           HTML     44K  
                Convertible Preferred Share Dividends (Details)                  
145: R137        Related Party and Former Parent Transactions        HTML    102K  
                (Details)                                                        
146: R138        Restructuring (Details)                             HTML    114K  
147: R139        Quarterly Financial Data (Unaudited) (Details)      HTML     98K  
148: R140        Subsequent Events (Details)                         HTML    136K  
149: R9999       Uncategorized Items - _IXDS                         HTML     52K  
152: XML         IDEA XML File -- Filing Summary                      XML    301K  
150: XML         XBRL Instance -- clvt-20221201_htm                   XML   5.55M  
151: EXCEL       IDEA Workbook of Financial Reports                  XLSX    439K  
 5: EX-101.CAL  XBRL Calculations -- clvt-20221201_cal               XML    423K 
 6: EX-101.DEF  XBRL Definitions -- clvt-20221201_def                XML   2.33M 
 7: EX-101.LAB  XBRL Labels -- clvt-20221201_lab                     XML   4.20M 
 8: EX-101.PRE  XBRL Presentations -- clvt-20221201_pre              XML   3.23M 
 4: EX-101.SCH  XBRL Schema -- clvt-20221201                         XSD    441K 
153: JSON        XBRL Instance as JSON Data -- MetaLinks              871±  1.40M  
154: ZIP         XBRL Zipped Folder -- 0001764046-22-000171-xbrl      Zip   1.30M  


‘8-K’   —   Current Report


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM  i 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  i December 1, 2022

 i CLARIVATE PLC
(Exact name of registrant as specified in its charter)
 i Jersey, Channel Islands
(State or other jurisdiction of incorporation or organization)
 i 001-38911N/A
(Commission File Number)
(I.R.S. Employer Identification No.)
 i 70 St. Mary Axe
 i London  i EC3A 8BE
 i United Kingdom
(Address of Principal Executive Offices)
Not applicable
(Zip Code)
( i 44)  i 207-433-4000
Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 i  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 i  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 i  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 i  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each classTrading Symbol(s)Name of each exchange on which registered
 i Ordinary Shares, no par value i CLVT i New York Stock Exchange
 i 5.25% Series A Mandatory Convertible Preferred Shares, no par value i CLVT PR A i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  i 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01. Other Events.

As previously disclosed in the Quarterly Report on Form 10-Q of Clarivate Plc (the “Company”) for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission (the "SEC") on November 8, 2022, the Company realigned its organizational structure and the composition of its reportable segments.

The Company is filing this Current Report on Form 8-K to update operating results for all periods covered in its Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”), filed with the SEC on March 10, 2022, in order to give effect to the change in reportable segments. Specific information subject to update is as follows:

Consent of Independent Registered Public Accounting Firm, attached as Exhibit 23.1 to this report and incorporated herein by reference; and

Part I, Item 1: Business, Part II, Item 7: Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Part II, Item 8: Financial Statements and Supplemental Data, included in Exhibit 99.1 to this report and incorporated herein by reference.

This Current Report on Form 8-K does not reflect events occurring after March 10, 2022, the date that the Company filed the 2021 Form 10-K, and does not modify or update the disclosures therein in any way, other than as required to incorporate the change in reportable segments described above and set forth in Exhibit 99.1 to this report. For information on developments regarding the Company since the filing of the 2021 Form 10-K, please refer to the Company’s reports filed with the SEC, including the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2022, June 30, 2022, and September 30, 2022 and other subsequent SEC filings.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
No.Description
23.1
99.1
104
The cover page from the Company's Current Report on Form 8-K dated December 1, 2022, formatted in Inline XBRL






SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


CLARIVATE PLC
By:
Name:
Title:
Executive Vice President & Chief Financial Officer


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:12/1/22
11/8/2210-Q,  8-K
9/30/2210-Q,  4
6/30/2210-Q,  4
3/31/2210-Q,  4,  8-K
3/10/2210-K,  8-K
12/31/2110-K,  4,  NT 10-K
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/01/22  Clarivate Plc                     S-3ASR     12/01/22    6:795K                                   Toppan Merrill/FA
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