Company: EVCM
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0001853145-25-000009
Chunk: 176

Company: EverCommerce Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 8
Chunk 176
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(24.26)Intellectual property migration— —— —(8,805)13.65Change in deferred state income tax rate633 (1.79)193 (0.44)(65)0.10US taxation of foreign income13 (0.04)1,512 (3.44)— —Goodwill impairment6,284 (17.80)— —— —Sale of fitness solutions(9,424)26.69— —— —Tax credits(546)1.55— —— —Other402 (1.14)1,103 (2.51)(57)0.09Income tax expense (benefit)$5,782 (16.38)%$1,639 (3.73)%$(4,680)7.26 %

Note 17. Commitments and ContingenciesThe Company has non-cancelable contractual purchase obligations incurred in the normal course of business to help deliver our services and products and provide support to our customers. These contracts with vendors primarily relate to software service, targeted mail costs, third party fulfillment costs and software hosting. Unrecognized future minimum payments due under these agreements are as follows (in thousands):Year Ended December 31,2025$12,544 20263,745 20272,625 20282,750 2029687 Thereafter— Total future minimum payments due$22,351 From time to time, the Company is involved in various lawsuits and legal proceedings which arise in or outside the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. Accruals for loss contingencies are recorded when a loss is probable, and the amount of such loss can be reasonably estimated. An adverse determination in one or more of these pending matters could have an adverse effect on the Company’s consolidated financial position, results of operations or cash flows.On January 31, 2024, plaintiff Vladimir Gusinsky Revocable Trust filed a putative class action lawsuit in the Court of Chancery of the State of Delaware against the Company, members of its Board of Directors (the “Board”) and the other parties to its sponsor stockholders agreement, dated June 30, 2021, Providence Strategic Growth II L.P., Providence Strategic Growth II-A L.P., SLA Eclipse Co-Invest, L.P., and SLA CM Eclipse