Welcome to our dedicated page for Eplus SEC filings (Ticker: PLUS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ePlus Inc. filings document a Nasdaq-listed technology solutions provider with common stock registered under the Exchange Act. Recent Form 8-K reports cover operating results, GAAP and non-GAAP financial measures, quarterly cash dividends, and the presentation of discontinued operations after the completed sale of the company's domestic financing business.
The filings also record governance and capital-structure matters, including amended and restated bylaws, board and committee composition, director compensation references, annual meeting voting results, auditor ratification, executive-compensation advisory votes, and registration statement incorporation of recast financial information.
ePlus Inc. (PLUS) Chief Operating Officer Darren S. Raiguel filed a Form 4 covering transactions dated 30 June 2025.
- Internal share transfer: 14,179 common shares were moved from Raiguel’s personal account to the Darren S. Raiguel Trust for $0 consideration (transaction code J). Because the trust is revocable and the executive and his spouse are sole trustees and beneficiaries, his aggregate beneficial ownership is unchanged.
- New acquisition via ESPP: Raiguel purchased 81 shares under the company’s Employee Stock Purchase Plan at an average price of $61.285 (transaction code A).
Post-transaction, Raiguel owns 39,449 shares directly and 57,748 shares indirectly through the trust, totaling 97,197 shares. No derivative securities were reported. The filing represents a routine administrative transfer combined with a modest ESPP purchase and does not alter the executive’s overall economic exposure to ePlus Inc. stock.
ePlus inc. (NASDAQ: PLUS) has completed the previously announced divestiture of the bulk of its Financing Business segment. On June 30, 2025, the company sold 100% of the membership interests of Expo Holdings, LLC—its domestic financing subsidiaries—to Marlin Leasing Corporation for an up-front cash payment of approximately $180 million, subject to customary post-closing adjustments and potential earn-out and other payments. Ancillary agreements, including a transition services agreement, were executed to facilitate operational continuity for both parties.
The transaction was disclosed under Item 2.01 of this Form 8-K and formally announced via press release on July 1, 2025 (Exhibit 99.1). ePlus stated that it will update fiscal 2026 guidance on its next earnings call, signaling that the divestiture will materially affect future financial outlook. Required pro-forma financial statements will be filed within four business days.
Strategic implications:
- Provides immediate liquidity and balance-sheet flexibility through the $180 million cash inflow.
- Allows management to focus on the company’s core technology solutions segment.
- Introduces uncertainty regarding revenue mix and earnings power until updated guidance and pro-forma statements are released.
The forward-looking statements section cites risks tied to post-closing performance, earn-out realization and broader economic conditions. No earnings figures or segment financial contribution were included in the filing.
ePlus inc. (NASDAQ: PLUS) has signed a definitive agreement to divest the majority of its U.S. Financing Business to Marlin Leasing Corporation for approximately $180 million in cash, subject to customary closing adjustments. The sale will occur through the transfer of recently reorganised subsidiaries into Expo Holdings, LLC ("HoldCo"), 100% of which will be purchased by Marlin.
Transaction economics: the cash payment equals (i) estimated HoldCo book value as of 31-Mar-25, plus a $2.4 million premium, less transaction expenses. A post-closing true-up based on final book value will set the definitive Purchase Price. In addition, ePlus may receive (i) up to $2.96 million of "Holdback Premium" tied to lease-origination targets over the first 30 months and (ii) two separate earn-outs over three years:
- Lease Originations Earn-Out – capped at $10 million.
- Transaction Gains Earn-Out – uncapped, based on profitability of leases to U.S. federal entities.
Strategic terms & covenants: ePlus accepts a 3-year non-compete in U.S. financing activities related to the divested segment and a similar non-solicitation of HoldCo senior staff. Both parties provide customary representations, warranties and indemnities, each capped at the final Purchase Price and subject to deductibles, with fraud carve-outs.
Closing mechanics: key conditions include (i) all required governmental consents (HSR waiting period has already expired), (ii) no injunctions, (iii) accuracy of reps & warranties, (iv) retention of certain key executives and (v) absence of material adverse effect. Either party may terminate if the deal has not closed by 20-Dec-25. Management expects closing within 60 days.
Rationale & implications: The divestiture monetises a capital-intensive, lower-margin financing segment, injects immediate liquidity, and allows management to focus on higher-growth technology solutions and services. Future upside is preserved through premiums and earn-outs tied to origination volume and profitability under Marlin’s ownership. Risks include loss of diversified revenue streams, dependency on buyer performance for contingent consideration, and execution risk before closing.