Company: VEEV
Filing Date: 2025-08-18
Form Type: 8-K
Source: 0001393052-25-000058
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Company: VEEVA SYSTEMS INC
Filing Date: 2025-08-18
Form: 8-K
Item: Item 7.01
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Item 7.01. Regulation FD Disclosure.

On August 13, 2025, Veeva Systems Inc., a Delaware public benefit corporation (“ Veeva”), entered into a settlement agreement with IQVIA Inc. (“ IQVIA”) that resolves all ongoing litigations between Veeva and IQVIA (the “ Settlement Agreement”). As previously disclosed, Veeva and IQVIA have been involved in litigation since 2017. Under the terms of the Settlement Agreement, neither party will pay damages to the other party and both parties agree to dismiss with prejudice all claims and counterclaims currently pending. In connection with the Settlement Agreement, the parties have also entered into certain agreements to facilitate access to each other’s data and software to provide certain products and services to mutual customers. Pursuant to previously disclosed, outcome-based fee arrangements with certain law firms that represented us in our litigations with IQVIA, we will be making a one-time payment of approximately $31 million to such law firms in connection with settlement of the litigations.

The information in this Item 7.01 and Exhibit 99.1 attached to this Current Report on Form 8-K is being furnished under Item 7.01 of Form 8-K. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.