# EDGAR Filing Document

**Accession Number:** 0001721947
**File Stem:** 0001628280-25-034892
**Filing Date:** 2025-7
**Character Count:** 16399
**Document Hash:** a57e2e45cfe833750a19b54ce9620f31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-034892.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001628280-25-034892

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250715

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Cost Associated with Exit or Disposal Activities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250715

**DATE AS OF CHANGE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Jamf Holding Corp.
- **CENTRAL INDEX KEY:** 0001721947
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 823031543
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39399
- **FILM NUMBER:** 251123141

**BUSINESS ADDRESS:**
- **STREET 1:** 100 WASHINGTON AVE. S.
- **STREET 2:** SUITE 1100
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** 612-605-6625

**MAIL ADDRESS:**
- **STREET 1:** 100 WASHINGTON AVE. S.
- **STREET 2:** SUITE 1100
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** JUNO TOPCO, INC.
- **DATE OF NAME CHANGE:** 20171107

?xml version='1.0' encoding='ASCII'? jamf-20250715

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 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): July 15, 2025**

**JAMF HOLDING CORP.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39399** | **82-3031543** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| **100 Washington Ave S, Suite 900**<br>**Minneapolis, MN** | | **55401** |
| **(Address of principal executive offices)** | | **(Zip Code)** |

---

**(612) 605-6625**

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report.)**

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:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

☐ 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.

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which**<br>**registered** |
| **Common Stock, $0.001 par value** | **JAMF** | **The NASDAQ Stock Market LLC** |

---

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**Item 2.02. Results of Operations and Financial Condition.**

In connection with the strategic reinvestment plan (the "Plan") described further in Item 2.05 below, today, July 15, 2025, Jamf Holding Corp. (the "Company" or "Jamf") issued a press release that provided an update to its second quarter 2025 guidance. The full text of the press release is furnished herewith as Exhibit 99.1 and is incorporated in this Item 2.02 by reference.

This information is intended to be furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 2.05. Costs Associated with Exit or Disposal Activities.**

Today, July 15, 2025, the Company announced the Plan, which is intended to reduce operating costs, improve operating margins, allow for strategic reinvestment, and continue advancing the Company's ongoing commitment to profitable growth. The Plan is expected to impact approximately 6.4% of the Company's full-time employees.

The Company currently estimates that it will incur charges of approximately $11.0 million to $12.5 million in connection with the Plan, consisting of cash expenditures for notice period and severance payments, employee benefits, and related costs. The Company expects that the majority of the charges will be incurred in the third quarter of 2025 and that the execution of the Plan will be substantially complete by the end of the fourth quarter of 2025. The Company intends to exclude the charges associated with the Plan from certain of its non-GAAP financial measures.

Potential position eliminations in each country are subject to local law and consultation requirements, which may extend this process further in certain countries. The charges that the Company expects to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ from the estimates disclosed above. The Company may also incur charges and expenditures not currently contemplated due to unanticipated events that may occur in connection with the Plan.

**Forward-Looking Statements**

This Current Report on Form 8-K herewith contains "forward-looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, including, but not limited to, statements regarding statements regarding the Company's expectations for its financial and operating performance in the second quarter of 2025, the benefits Jamf anticipates from the Plan, the Plan's impact on Jamf's business and financial results, including with respect to Jamf's ability to achieve its growth and profitability goals, and Jamf's estimates of the amount and timing of charges that it expects to incur in connection with the Plan. The expectations expressed or implied in these forward-looking statements may not turn out to be correct. The forward-looking statements contained herein are also subject to additional risks, uncertainties, and factors, including those more fully described in Jamf's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Additional information is also set forth in Jamf's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, as well as the subsequent periodic and current reports and other filings that Jamf makes with the Securities and Exchange Commission from time to time. Moreover, Jamf operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained herein. The forward-looking statements included herein relate only to events as of the date hereof. Jamf undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

**Item 9.01. Financial Statements and Exhibits.**

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 99.1 | <u>[Press Release dated](pressrelease71525final.htm)[July 15, 2025](pressrelease71525final.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

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 hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | JAMF HOLDING CORP. | JAMF HOLDING CORP. |
| Date: July 15, 2025 | By: | /s/ Jeff Lendino |
|  | Name: | Jeff Lendino |
|  | Title: | Chief Legal Officer |

---

## Exhibit 99.1

**Jamf Announces Strategic Reinvestment Plan**

*Q2 2025 Financial Results Expected to Exceed High End of Guidance Ranges*

MINNEAPOLIS – July 15, 2025 – Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced a strategic reinvestment plan to help drive long-term growth, improve operational efficiency and enhance shareholder value.

Jamf's recent comprehensive systems update, spanning both front- and back-office operations, has provided enhanced insights into Jamf's business and growth opportunities. As a result, Jamf is embarking on a strategic reinvestment plan to support the continued success of the business. This plan includes strategic reallocation of resources to allow for investment in areas with the highest potential to fuel growth and drive additional operational leverage in the business. Two key focus areas are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.<u>Go-To-Market Enhancement</u>**

Jamf is taking steps to realign its go-to-market organization to allow for investment in areas that have the greatest opportunity for growth and align with our platform strategy via the Jamf for Mac, Jamf for Mobile, Jamf for K-12, and Jamf for SMB solutions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Enhance growth in Enterprise</u>: increasing investment and resources to support Enterprise customers, which deliver higher growth, stronger retention, and greater return on investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Simplify approach to SMB</u>: scaling through the channel while also developing a more automated customer solution and experience to deliver greater customer value and improve operational efficiency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.<u>AI Investments</u>**

In addition to the efficiencies experienced over the last year from deploying AI within the sales, product and customer success groups, Jamf is further accelerating investments in AI capabilities that improve the customer experience in the Jamf product platform and drive further productivity enhancements by accelerating delivery of AI- and automation-driven solutions across the entire organization.

In order to facilitate the strategic reinvestment plan, the Company will reduce its workforce by approximately 6.4%. The Company will reduce roles across its go-to-market and other functions to align with the strategic reinvestment plan, as well as reducing spans and layers throughout the organization.

Jamf currently estimates that it will incur charges of approximately $11.0 to $12.5 million in connection with the workforce reduction, consisting of cash expenditures for notice period and severance payments, employee benefits, and related costs. The Company expects that most of the charges will be incurred in the third quarter of 2025 and that the execution of the Plan will be substantially complete by the end of the fourth quarter of 2025. The Company intends to exclude the charges associated with the workforce reduction from certain of its non-GAAP financial measures.

**<u>Q2 2025 Financial Results Expected to Exceed High End of Guidance Ranges</u>**

Jamf expects to exceed the high end of the guidance ranges previously issued with respect to the second quarter of 2025. On May 6, 2025, the company issued the following guidance ranges for the second quarter of 2025:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total revenue of $167.5 to $169.5 million; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-GAAP operating income of $29.5 to $30.5 million.

The Company will provide more details regarding the strategic reinvestment plan and its financial impact on subsequent periods during its second quarter 2025 earnings call to be held on August 7, 2025.

------

**<u>Non-GAAP Financial Measures</u>**

This press release includes reference to non-GAAP Operating Income, a non-GAAP financial measure, which reflects operating income (loss) excluding certain non-operational or non-recurring items, including amortization expense, stock-based compensation, acquisition-related expense, payroll taxes related to stock-based compensation, system transformation costs, and other special or non-recurring items. Jamf believes that non-GAAP financial measures, may be helpful to investors because they provide consistency and comparability with Jamf's past financial performance, provide additional understanding of factors and trends affecting Jamf's business, and assist in comparisons with other companies, some of which use similar non-GAAP information to supplement their GAAP result. Non-GAAP Operating Income is presented for supplemental informational purposes only and should not be considered a substitute for operating income (loss) presented in accordance with GAAP. The principal limitation of non-GAAP financial measures is that they exclude certain expenses that are required by GAAP to be recorded in Jamf's financial statements. In addition, non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgment by Jamf's management about which expenses are excluded or included in determining these non-GAAP financial measures. Further, non-GAAP financial measures are not standardized. It may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names.

**<u>Forward-Looking Statements</u>**

This press release contains "forward looking statements" within the meaning of the federal securities laws that involve risks and uncertainties, including, but not limited to, statements regarding statements regarding the Company's expectations for its financial and operating performance in the second quarter of 2025, the benefits Jamf anticipates from the strategic reinvestment plan, the strategic reinvestment plan and its impact on Jamf's business and financial results, including with respect to Jamf's ability to achieve growth and profitability goals, and Jamf's estimates of the amount and timing of charges that it expects to incur in connection with the strategic reinvestment plan. The expectations expressed or implied in these forward-looking statements may not turn out to be correct. The forward-looking statements contained herein are also subject to additional risks, uncertainties, and factors, including those more fully described in Jamf's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Additional information is also set forth in Jamf's Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2025, as well as the subsequent periodic and current reports and other filings that Jamf makes with the Securities and Exchange Commission from time to time. Moreover, Jamf operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained herein. The forward-looking statements included herein relate only to events as of the date hereof. Jamf undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

**<u>About Jamf</u>**

Jamf's purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment designed to be enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com.

**Investor Contact**

Jennifer Gaumond

ir@jamf.com

**Media Contact**

Liarna La Porta

media@jamf.com

<br>