STOCK TITAN

Korn Ferry (NYSE: KFY) sets conditional Sept. 1 Auxey deal closing

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Korn Ferry entered into a Deed of Amendment on July 29, 2026 with Auxey Holdings (Lux) S.A.S., OMERS Administration Corporation, AMS Cayco Ltd. and others, modifying the Purchase and Sale Agreement dated June 27, 2026 for the planned acquisition of Auxey Holdco Limited.

The parties now expect the acquisition to occur on September 1, 2026, provided all closing conditions are satisfied or waived by August 27, 2026. If that deadline is not met, the amendment has no effect and the original agreement’s timing controls. Korn Ferry also cites risks such as possible termination of the agreement and delays in obtaining necessary regulatory approvals.

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Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Deed of Amendment date July 29, 2026 Date Korn Ferry and counterparties executed the Deed of Amendment
Original Purchase Agreement date June 27, 2026 Date of the original Purchase and Sale Agreement for the Auxey Holdco Limited acquisition
Target acquisition closing date September 1, 2026 Date when the Auxey Holdco Limited acquisition is expected to occur if conditions are met
Deadline to satisfy or waive conditions August 27, 2026 Latest date for all closing conditions to be satisfied or waived for the amendment to apply
Deed of Amendment financial
"entered into a Deed of Amendment with Auxey Holdings (Lux) S.A.S."
Purchase and Sale Agreement financial
"relating to that certain Purchase and Sale Agreement, dated as of June 27, 2026"
A purchase and sale agreement is a legally binding contract that spells out exactly what is being bought or sold, the price, who must do what, the timeline, and any conditions that must be met before the deal closes — like a detailed recipe and checklist for a transaction. Investors care because this document determines when ownership or assets change hands, what risks or obligations remain, and which conditions (financing, approvals, inspections) could delay, alter, or void the deal and therefore affect a company’s value and stock price.
forward-looking statements regulatory
"includes "forward-looking statements" within the meaning of the safe harbor provisions"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
regulatory approvals regulatory
"delays in obtaining or the inability to obtain, necessary regulatory approvals"
Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.
Private Securities Litigation Reform Act of 1995 regulatory
"within the meaning of the Private Securities Litigation Reform Act of 1995"

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FAQ

What change did Korn Ferry (KFY) make to the Auxey Holdco Limited acquisition timeline?

Korn Ferry agreed in a Deed of Amendment dated July 29, 2026 that the Auxey Holdco Limited acquisition is expected to occur on September 1, 2026, provided all closing conditions are satisfied or waived by August 27, 2026; otherwise the original timing terms apply.

What conditions affect the September 1, 2026 closing for Korn Ferry (KFY)’s Auxey acquisition?

The September 1, 2026 closing applies only if all closing conditions are satisfied or waived by August 27, 2026. If that does not occur, the Deed of Amendment is of no effect and the timing of the acquisition reverts to the original Purchase and Sale Agreement.

What risks does Korn Ferry (KFY) highlight regarding completion of the Auxey Holdco Limited acquisition?

Korn Ferry notes risks including events that could lead to termination of the Purchase Agreement, the inability to timely complete or complete the acquisition at all, delays in obtaining necessary regulatory approvals, and other risks and uncertainties described in its filings with the Securities and Exchange Commission.

Who are the main counterparties to Korn Ferry (KFY) in the Deed of Amendment for the Auxey acquisition?

Counterparties include Auxey Holdings (Lux) S.A.S., OMERS Administration Corporation, AMS Cayco Ltd., Rosaleen Blair, and Ocorian Limited acting as trustee of the Auxey Equity Plan Employee Trust and nominee for Management Beneficial Interest Sellers, along with Korn Ferry as buyer under the amended transaction.

Does Korn Ferry (KFY)’s communication about the Auxey acquisition constitute an offer or solicitation of securities?

No. The company states that this communication is not intended to and shall not constitute an offer to sell, a solicitation of an offer to sell, or a solicitation of an offer to buy any securities, clarifying it is purely informational about the Auxey Holdco Limited acquisition.
false 0000056679 0000056679 2026-07-29 2026-07-29
 
 

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 29, 2026

 

 

KORN FERRY

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-14505   95-2623879

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

1900 Avenue of the Stars, Suite 1225

Los Angeles, California 90067

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (310) 552-1834

 

 

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 (see General Instruction A.2. below):

 

 

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:

 

Title of Each Class

 

Trading

Symbol(s)

 

Name of Each Exchange

on Which Registered

Common Stock, par value $0.01 per share   KFY   New York Stock Exchange

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. ☐

 

 
 


Item 1.01

Entry into a Material Definitive Agreement.

On July 29, 2026, Korn Ferry, a Delaware corporation (the “Company”), entered into a Deed of Amendment (the “Amendment”) with Auxey Holdings (Lux) S.A.S., a company incorporated in the Grand Duchy of Luxembourg, OMERS Administration Corporation, a corporation continued pursuant to the Ontario Municipal Employees Retirement System Act, 2006, AMS Cayco Ltd., a company incorporated in the Cayman Islands and certain other parties, relating to that certain Purchase and Sale Agreement, dated as of June 27, 2026, among the parties (the “Purchase Agreement”). Pursuant to the Amendment, the parties have agreed that the acquisition of Auxey Holdco Limited (the “Acquisition”) will occur on September 1, 2026 provided that all conditions to closing are satisfied or waived by August 27, 2026. If the conditions to closing are not satisfied or waived by August 27, 2026, the Amendment will be of no effect and the timing of the closing of the Acquisition will be governed by the original terms of the Purchase Agreement.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Forward-Looking Statements

This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 concerning the Acquisition. Forward-looking statements may be identified by the use of words such as “target,” “anticipate,” “believe,” “expect,” “estimate,” “may,” “plan,” “outlook,” “project,” “will” or other similar expressions. Such forward-looking statements include, but are not limited to, statements relating to the target closing date for the Acquisition. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements. Such risks and uncertainties, many of which are outside of the control of the Company include, but are not limited to: (1) the occurrence of any event or change that could give rise to the termination of the Purchase Agreement; (2) the inability to timely complete or complete at all the Acquisition; (3) delays in obtaining or the inability to obtain, necessary regulatory approvals; and (4) other risks and uncertainties indicated from time to time in filings with the Securities and Exchange Commission by the Company. The Company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities.

 

Item 9.01

Financial Statements and Exhibits.

(d)   Exhibits

 

Exhibit 2.1    Deed of Amendment, dated as of July, 29, 2026, by and between Auxey Holdings (Lux) S.A.S., Omers Administration Corporation, AMS Cayco Ltd., Rosaleen Blair, Ocorian Limited, acting in its capacity as trustee of the Auxey Equity Plan Employee Trust and nominee on behalf of the Management Beneficial Interest Sellers, and Korn Ferry.
Exhibit 104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL (included as Exhibit 101).

 


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.

 

    KORN FERRY
    (Registrant)
Date: August 3, 2026    

/s/ Jonathan Kuai

    (Signature)
    Name:   Jonathan Kuai
    Title:   Chief People & Legal Officer

Filing Exhibits & Attachments

4 documents