The Hackett Group, Inc. Announces Preliminary Results of Its $40 Million Dutch Auction Tender Offer

Key Terms

tender offer financial

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

par value financial

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

depositary financial

A depositary is a financial institution that holds and safeguards financial assets, such as stocks or bonds, on behalf of investors. It ensures that ownership records are accurate and that transactions are processed securely. For investors, a depositary provides a trustworthy way to manage their investments, similar to a secure vault that keeps valuables safe and organized.

MIAMI--(BUSINESS WIRE)-- The Hackett Group, Inc. (NASDAQ: HCKT) (“Hackett” or the “Company”), a leading generative artificial intelligence (“Gen AI”) consultancy and executive advisory firm, today announced the preliminary results of its modified “Dutch auction” tender offer (the “Offer”) to purchase up to $40 million in value of its common stock, par value $0.001 per share (the “Common Stock”), which expired at 12:00 midnight, New York City time, at the end of the day on December 4, 2025.

Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the Offer, a total of 2,000,000 shares of Hackett’s Common Stock were properly tendered and not properly withdrawn at or below the purchase price of $20.00 per share, including shares that were tendered through notice of guaranteed delivery.

In accordance with the terms and conditions of the Offer, and based on the preliminary count by the depositary, Hackett expects to accept for purchase 2,000,000 shares of its Common Stock at a purchase price of $20.00 per share, for an aggregate cost of approximately $40 million, excluding fees and expenses relating to the Offer. Due to the oversubscription of the Offer and based on the preliminary proration factor provided by the depositary, Hackett expects that stockholders who properly tendered and did not properly withdraw shares of Common Stock in the Offer at or below $20.00 per share will have approximately 96.98% of their tendered shares purchased by Hackett (excluding conditional tenders, which will automatically be regarded as withdrawn because the condition of the tender has not been met). The 2,000,000 shares expected to be purchased in the Offer represent approximately 7.37 percent of Hackett’s currently issued and outstanding shares of Common Stock.

The number of shares expected to be purchased is preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary and is based on the assumption that all shares tendered through notice of guaranteed delivery will be delivered within the one trading day settlement period. The final number of shares to be purchased will be announced following the expiration of the guaranteed delivery period and completion by the depositary of the confirmation process. Payment for the shares accepted for purchase under the Offer will occur promptly thereafter.

Questions regarding the tender offer may be directed to BofA Securities, Inc. at (888) 803-9655 or to Georgeson LLC at (866) 989-5463.

About The Hackett Group, Inc.

The Hackett Group, Inc. (NASDAQ: HCKT) is a Gen AI strategic consulting and executive advisory firm that enables Digital World Class^® performance. Using AI XPLR^™ and ZBrain^™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.

Our expertise is grounded in unparalleled best practices insights from benchmarking the world’s leading businesses – including 97% of the Dow Jones Industrials, 90% of the Fortune 100, 70% of the DAX 40 and 51% of the FTSE 100.

Trademarks

The Hackett Group^®, quadrant logo, and Digital World Class^® are the registered marks of The Hackett Group^®.

Forward-Looking Statements

This press release contains “forward-looking statements,” including statements regarding the closing of the tender offer, the amount and the pricing of the tender offer, and other terms and conditions of the tender offer, that involve known and unknown risks, uncertainties and other factors that may cause actual results and other events to be materially different from those in the forward-looking statements. Factors that could impact such forward-looking statements include, among others, the impact of stock price volatility on the tender offer, the risk that the tender offer will not be completed on the terms described in this press release (including the purchase price and number of shares of Hackett common stock that Hackett expects to purchase pursuant to the tender offer) or at all, developments or changes in general economic or market conditions, developments or changes in the securities markets, developments or changes in our business, financial condition or cash flows, as well as other risks detailed in our Annual Report on Form 10-K for the most recent fiscal year as filed with the SEC. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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Investor Contact

Robert A. Ramirez

Chief Financial Officer

(305) 375-8005

rramirez@thehackettgroup.com

Source: The Hackett Group, Inc.