# EDGAR Filing Document

**Accession Number:** 0001131554
**File Stem:** 0001131554-25-000073
**Filing Date:** 2025-7
**Character Count:** 9183
**Document Hash:** 9fb715a7f452efe7b936a38ba8b74ec6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001131554-25-000073.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001131554-25-000073

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250724

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SYNCHRONOSS TECHNOLOGIES INC
- **CENTRAL INDEX KEY:** 0001131554
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 061594540
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40574
- **FILM NUMBER:** 251144568

**BUSINESS ADDRESS:**
- **STREET 1:** 200 CROSSING BOULEVARD
- **STREET 2:** 8TH FLOOR
- **CITY:** BRIDGEWATER
- **STATE:** NJ
- **BUSINESS PHONE:** 866-620-3940

**MAIL ADDRESS:**
- **STREET 1:** 200 CROSSING BOULEVARD
- **STREET 2:** 8TH FLOOR
- **CITY:** BRIDGEWATER
- **STATE:** NJ

?xml version='1.0' encoding='ASCII'? sncr-20250724

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

Date of report: **July 24, 2025**

**Synchronoss Technologies, Inc.**

(Exact Name of Registrant as Specified in its Charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40574** | **06-1594540** |
| (State or Other Jurisdiction | (Commission | (IRS Employer |
| of Incorporation) | File Number) | Identification No.) |

---

---

| | |
|:---|:---|
| **200 Crossing Boulevard, 8th Floor** | |
| **Bridgewater, New Jersey** | **08807** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(866) 620-3940**

**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:

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

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

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

☐&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 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:

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $.0001 par value | SNCR | The Nasdaq Stock Market, LLC |

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| | |
|:---|:---|
| **Item 8.01.** | **Other Events.** |

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On July 24, 2025, Synchronoss issued a press release announcing receipt of its expected 2020 CARES Act tax refund in the amount of $30.2 million. The Company indicated that the Internal Revenue Service has confirmed the total amount of the refund will be $33.9 million, including interest in the amount of $5.9 million, and that the last payment in the amount of $3.7 million should be received by the Company prior to Labor Day 2025. The Company has already paid down the term loan facility in the amount of $22.6 million, equaling 75% of the proceeds received to date, pursuant to the terms of the Credit Agreement, as amended. The press release is filed hereto as Exhibit 99.1 and is incorporated by reference herein.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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

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| | | |
|:---|:---|:---|
| **Exhibit<br>Number** | **Description** | **Filed Herewith** |
| 99.1 | <u>[Press Release of Synchronoss Technologies, Inc., dated July 24, 2025.](exh991pr7242025federaltaxf.htm)</u> | x |

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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.

Date: July 24, 2025

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| | |
|:---|:---|
| | **Synchronoss Technologies, Inc.**<br>/s/ Louis Ferraro |
| Name: | **Louis Ferraro** |
| Title: | **Chief Financial Officer** |

---

## Exhibit 99.1

**Exhibit 99.1**

![g397781mmi001a03.jpg](g397781mmi001a03.jpg)

**Synchronoss Technologies Announces Receipt of Federal CARES Act Tax Refund** 

*Received Refund Amount of $30.2 Million with Additional $3.7 Million Expected by Labor Day 2025*

*75% of Received Proceeds Have Been Used to Pay Down Existing Term Loan at Par, Per Prior Agreement*

**BRIDGEWATER, NJ – July 24, 2025 – Synchronoss Technologies Inc. ("Synchronoss" or the "Company") (Nasdaq: SNCR)**, a global leader and innovator in Personal Cloud platforms, today announced the receipt of the expected tax refund from the 2020 CARES Act. The Internal Revenue Service has confirmed the total amount of the refund will be $33.9 million, which includes $5.9 million of interest payment. Currently, the Company has received $30.2 million, of which 75% or $22.6 million, has already been used to pay down the existing term loan at par. The Internal Revenue Service has indicated that the final payment of $3.7 million should be received by the Company prior to Labor Day 2025.

Seventy-five percent of the total proceeds from the refund, totaling approximately $25.4 million after the receipt of the final payment, will pay down a portion of the $200 million term loan facility at par pursuant to the terms of the Credit Agreement. This will result in an annual interest savings of approximately $2.9 million at the current interest rate. After the payments have been applied to the term loan, the Company will have total debt of $173.4 million, cash of approximately $30 million and net debt of approximately $143 million. The Company has reduced its total debt by over $100 million dollars over the course of the last 4 years. Additionally, the Company expects to be eligible for a one-time 50-basis point interest rate step down on the first anniversary of the term loan pursuant to the terms of the Credit Agreement based on the improved debt leverage ratio.

The remainder of the refund proceeds will move to the balance sheet, providing the Company with additional operational flexibility to improve its capital structure and for investment in its Personal Cloud solution.

"After a lengthy period of anticipation, we are very pleased to announce that we have received the vast majority of our payment from the IRS with the remainder to be received before Labor Day. I want to thank our entire team for their diligence and effort across multiple quarters to make this happen, including our excellent partners at Grant Thornton," said Lou Ferraro, Chief Financial Officer of Synchronoss. "This payment allows us to not only improve our capital structure but also provides the Company with additional cash to pursue operational priorities. We anticipate that the free cash flow generated by our high-margin personal Cloud solutions business will allow for the continued improvement of our balance sheet. We are thankful to have reached a satisfactory conclusion to the process and look forward to providing more details on our next earnings call."

**About Synchronoss** 

Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at <u>www.synchronoss.com</u>.

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**Media Relations Contact:**<br>Domenick Cilea<br>Springboard<br><u>dcilea@springboardpr.com</u>

**Investor Relations Contact:**<br>Ryan Gardella<br>ICR for Synchronoss<br><u>SNCRIR@icrinc.com</u>

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