# EDGAR Filing Document

**Accession Number:** 0001752474
**File Stem:** 0000950170-23-001697
**Filing Date:** 2023-2
**Character Count:** 16152
**Document Hash:** f87e21065c51f6f69903fc190789391a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-001697.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0000950170-23-001697

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230202

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KLDiscovery Inc.
- **CENTRAL INDEX KEY:** 0001752474
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
- **IRS NUMBER:** 611898603
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38789
- **FILM NUMBER:** 23580756

**BUSINESS ADDRESS:**
- **STREET 1:** 9023 COLUMBINE ROAD
- **CITY:** EDEN PRAIRIE
- **STATE:** MN
- **ZIP:** 55347
- **BUSINESS PHONE:** 703-288-3380

**MAIL ADDRESS:**
- **STREET 1:** 9023 COLUMBINE ROAD
- **CITY:** EDEN PRAIRIE
- **STATE:** MN
- **ZIP:** 55347

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pivotal Acquisition Corp
- **DATE OF NAME CHANGE:** 20180910

?xml version="1.0" encoding="ASCII"? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

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**FORM** 8-K

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** February 02, 2023<br>

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KLDiscovery Inc.

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| Delaware | 001-38789 | 61-1898603 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 9023 Columbine Road  |  |  |
| Eden Prairie**,** Minnesota |  | 55347 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

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**Registrant's Telephone Number, Including Area Code:** 703 288-3380<br>

**(Former Name or Former Address, if Changed Since Last Report)**

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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))

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

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| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| N/A | N/A | N/A |

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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. ☐

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**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

On February 2, 2023, the Company announced that the Company's Board of Directors (the "Board") has elected Lawrence B. Prior III as Chair of the Board of Directors of KLDiscovery. Mr. Prior has been a member of the Board of Directors of KLDiscovery since March 2020. Mr. Prior replaces Donna Morea, who served as Chair of the Board since March 2020. Ms. Morea will remain on the Board of Directors until the effective date of her resignation on June 13, 2023. Ms. Morea's resignation is not the result of any disagreement with the Company or due to any matter relating to the Company's operations, policies, or practices. Arjun Shah has been appointed as Chair of the Audit Committee of the Board of Directors, replacing Mr. Prior.

Additionally, the Company announced that the Board has appointed Lloyd W. Howell, Jr. as a Class A director of the Company to fill a vacancy on the Board, with a term ending at the Company's 2023 annual meeting of stockholders. Mr. Howell Jr. previously served as Executive Vice President of Booz Allen, a consulting firm, following his retirement in 2022 and has previously served in various roles on its Leadership Team since 2007. The Board has determined that Mr. Howell, Jr. is an independent director under the Company's corporate governance guidelines. Mr. Howell, Jr. has been appointed to serve on the Compensation Committee of the Board of Directors.

Mr. Howell Jr. was designated by funds affiliated with The Carlyle Group to serve on the Board pursuant to the Stockholders' Agreement. There are no other transactions involving the Company and Mr. Howell, Jr. that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.

Mr. Howell Jr. will have the same director indemnification arrangement as the Company's other directors, the form of agreement for which was filed with the SEC on December 26, 2019 as Exhibit 10.13 to the Company's Current Report on Form 8-K.

**Item 7.01 Regulation FD Disclosure.**

Attached as Exhibit 99.1 to this Current Report on Form 8-K is a press release announcing the appointment of Mr. Howell Jr to the Board.

The information furnished under this Item 7.01, including the exhibit related thereto, is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("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, except as shall be expressly set forth by specific reference in such document.

**Item 9.01 Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits.

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | [<u>KLDiscovery Board of Directors Press Release, dated February 2, 2023</u>](kld-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**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.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **KLDiscovery Inc.** |
| Date: | February 2, 2023 | By:  | /s/ Christopher J. Weiler |
|  |  | Name:<br>Title: | Christopher J. Weiler<br>Chief Executive Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**KLDiscovery Names Lawrence B. Prior III, Chair of the Board, Adds Lloyd W. Howell Jr. to the Board of Directors**

**Eden Prairie, MN. — February 2, 2023 —** KLDiscovery Inc. ("KLDiscovery"), a leading global provider of data management, information governance, and eDiscovery, and advisory services solutions, today announced it has elected Lawrence B. Prior III as Chair of the Board of Directors of KLDiscovery and is adding Lloyd W. Howell Jr. to its Board of Directors.

Lawrence B. Prior III has been a member of the Board of Directors of KLDiscovery since March 2020. Since June 2018, Mr. Prior has served as an Operating Executive for The Carlyle Group, focused on the aerospace, defense, and government services sectors. He is based in Washington, DC and serves as the Chairman of the Board of Two Six Technologies and serves on the Board of CNSI. Mr. Prior also serves on the Board of Directors of Shift5, an operational technology data and cybersecurity company, and as an independent Non-executive Director of QinetiQ Group Plc (QQ-L), a leading science and engineering company operating primarily in the defense, security, and critical infrastructure markets. Mr. Prior was President and Chief Executive Officer of CSRA, Inc. from November 2015 to April 2018, which was acquired by General Dynamics. Previously, he was Executive Vice President and General Manager of CSC's North American Public Sector business, providing next-generation technology solutions and mission services to the U.S. Department of Defense, Intelligence Community, and FedCiv sectors. Before joining CSC, Mr. Prior held executive leadership positions at BAE Systems Inc., ManTech International, SAIC, LightPointe Communications, High Technology Solutions, the County of San Diego, and TRW. Earlier in his career, Mr. Prior worked as a professional staff member on the House Permanent Select Committee on Intelligence and served as an Intelligence Officer in the U.S. Marine Corps. Mr. Prior replaces Donna Morea, who served as Chair of KLDiscovery's Board since March 2020. Donna Morea will remain on the Board of Directors until June 13, 2023. Additionally, Arjun Shah will replace Mr. Prior as Chair of the Audit Committee of the Board of Directors.

Lloyd W. Howell Jr. served as Chief Financial Officer of Booz Allen Hamilton, a consulting firm, from July 1, 2016 until, having announced his intention to retire in October 1, 2022, he retired on December 31, 2022. Mr. Howell was previously an Associate in Goldman Sachs' Investment Banking Division from 1993 to 1995 before moving to Booz Allen where he became a member of the Strategy & Organization (S&O) Capability team focused on defense market clients, specifically, Navy/Marine Corps, Army, and the Office of the Secretary of Defense. In 2000, he was elected Vice President and served as S&O's Capability Leader from 2005 to 2009. He then led the financial services account in the civil market until 2013. Mr. Howell has previously served as a member of Booz Allen's Leadership Team since 2007. Mr. Howell's corporate board memberships include Moody's Corporation (NYSE: "MCO"), GE Healthcare (Nasdaq: "GEHC") which went public in January 2023 and, previously, Integra LifeSciences (NASDAQ: "IART"). He is also a member of the Washington Economics Club and is a Trustee at the University of Pennsylvania. Mr. Howell holds a Bachelor of Science degree in electrical engineering from the University of Pennsylvania. He received the BEYA Award for Professional Achievement in 2010 and was named Black Engineer of the Year in 2011. Mr. Howell has been appointed to serve on the Compensation Committee of the Board of Directors.

"We would like to thank Donna for her term as Chair of our Board of Directors following our merger with Pivotal Acquisition Corp in December 2019 and leading us through the COVID-19 pandemic. We are delighted with the appointment of Larry as the new Chair of our Board of Directors," said Christopher Weiler, Chief Executive Officer of KLDiscovery. "Larry has been a valuable member of our Board since March 2020 and has chaired the Audit Committee with skill and insight. Larry has excellent knowledge of the information technology industry with many years of senior management experience."

Weiler continued, "We are also excited about the appointment of Lloyd to our Board of Directors. With Lloyd's appointment, we have demonstrated our commitment to the future by strengthening our Board with successful, highly experienced individuals with strong business and financial experience. Our management team will benefit from their expertise."

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**Exhibit 99.1**

KLDiscovery's Board members are: Chair of the Board Lawrence B. Prior III, Donna Morea, Christopher Weiler, Ian Fujiyama, Kevin Griffin, Evan Morgan, Richard Williams, Lauren Tanenbaum, Arjun Shah, and Lloyd W. Howell Jr.

**<u>About KLDiscovery</u>**

KLDiscovery provides technology-enabled services and software to help law firms, corporations, government agencies and consumers solve complex data challenges. The company, with offices in 25 locations across 16 countries, is a global leader in delivering best-in-class eDiscovery, information governance and data recovery solutions to support the litigation, regulatory compliance, internal investigation and data recovery and management needs of our clients. Serving clients for over 30 years, KLDiscovery offers data collection and forensic investigation, early case assessment, electronic discovery and data processing, application software and data hosting for web-based document reviews, and managed document review services. In addition, through its global Ontrack Data Recovery business, KLDiscovery delivers world-class data recovery, email extraction and restoration, data destruction and tape management. KLDiscovery has been recognized as one of the fastest growing companies in North America by both Inc. Magazine (Inc. 5000) and Deloitte (Deloitte's Technology Fast 500) and CEO Chris Weiler was recognized as a 2014 Ernst & Young Entrepreneur of the Year™. Additionally, KLDiscovery is a Relativity Certified Partner and maintains ISO/IEC 27001 Certified data centers around the world. For more information, please email info@kldiscovery.com or visit www.kldiscovery.com.

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

This press release includes "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding the date until which Ms. Morea will remain on the Board, the KLDiscovery's commitment to the future and expected benefits to our management team are forward-looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside KLDiscovery's management's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: KLDiscovery's ability to execute on its plans to develop and market new products and the timing of these development programs; KLDiscovery's estimates of the size of the markets for its solutions; the rate and degree of market acceptance of KLDiscovery's solutions; the success of other competing technologies that may become available; KLDiscovery's ability to identify and integrate acquisitions; the performance and security of KLDiscovery's services; potential litigation involving KLDiscovery; and general economic and market conditions impacting demand for KLDiscovery's services, including as a result of the impact of COVID-19. Other factors include risks and uncertainties set forth in the "Risk Factors" in Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 17, 2022 and any subsequent reports that KLDiscovery filed with the SEC. KLDiscovery does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

**Media Contact**:<br>Krystina Jones<br>888-811-3789<br>krystina.jones@kldiscovery.com

**Investor Contact:** 

Dawn Wilson

(703) 520-1498

dawn.wilson@kldiscovery.com

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