[SCHEDULE 13D/A] TTEC Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

Amendment No. 4 to Schedule 13D discloses that Kenneth D. Tuchman and related entities collectively own 27,853,207 TTEC common shares, or 58.2 % of the outstanding 47.8 million shares. The ownership is split among KDT Family, LLLP (14.8 M, 30.9 %), KDT Stock Revocable Trust (6.55 M, 13.7 %), Mantucket Capital Management Corp. (14.8 M, 30.9 %) and Mr. Tuchman personally (6.53 M, 13.6 %).

The amendment’s key development is that on 31 Jul 2025 Mr. Tuchman withdrew his previously announced non-binding proposal to acquire the remaining TTEC shares he does not already own for $6.85 per share in cash. A copy of the withdrawal letter is attached as Exhibit 99.1. No other transactions occurred in the past 60 days and no new contractual arrangements were disclosed beyond the withdrawal.

While the reporting persons state they will continue to monitor their investment and may pursue future actions, the immediate effect is the removal of a potential take-private premium, leaving public shareholders dependent on fundamental performance rather than a buy-out catalyst.

Positive

• None.

Negative

• Withdrawal of the $6.85 per-share acquisition proposal eliminates an immediate liquidity event and potential premium for minority shareholders.
• Continued 58 % insider control may deter competing bids and reduces influence of public investors.

Insights

Equity Research Analyst

TL;DR – Withdrawal of $6.85 buy-out bid removes takeover premium; control remains with Tuchman (58 %).

The filing is negative for minority investors. A credible path to liquidity at a defined premium has vanished, yet the controlling shareholder still holds an effective majority, limiting alternative strategic outcomes. With no recent share purchases, Tuchman appears content to remain a passive controller for now. Unless a new offer emerges, the stock may retrace toward fundamental valuation multiples. Investors should reassess catalysts and discount a control premium.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

TTEC Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

89854H102

(CUSIP Number)

Kenneth D. Tuchman
5251 DTC Parkway, Suite 995,
Greenwood Village, CO, 80111
(303) 397-8100

Andrew J. Nussbaum
Wachtell, Lipton, Rosen & Katz, 51 W. 52nd Street
New York, NY, 10019
(212) 403-1000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/31/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 89854H102

1

Name of reporting person

TUCHMAN KENNETH D

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 6,526,401.00
8	Shared Voting Power 21,326,806.00
9	Sole Dispositive Power 6,526,401.00
10	Shared Dispositive Power 21,326,806.00

11

Aggregate amount beneficially owned by each reporting person

27,853,207.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

58.2 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(1) Consists of (i) 14,766,806 shares beneficially owned by Mr. Tuchman in his capacity as the controlling person of Mantucket Capital Management Corporation, the sole general partner of KDT Family, LLLP, (ii) 6,550,000 shares beneficially owned by Mr. Tuchman in his capacity as the sole trustee of KDT Stock Revocable Trust, and (iii) 10,000 shares beneficially owned by Mr. Tuchman's spouse. Mr. Tuchman disclaims beneficial ownership of all shares beneficially owned by his spouse. (2) Based on 47,833,188 shares of Common Stock outstanding as of May 1, 2025, according to information provided by TTEC Holdings, Inc., a Delaware corporation (the "Company").

SCHEDULE 13D

CUSIP No. 89854H102

1

Name of reporting person

KDT Stock Revocable Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 6,550,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 6,550,000.00

11

Aggregate amount beneficially owned by each reporting person

6,550,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

13.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

(1) Power is shared with its sole trustee, Kenneth D. Tuchman. (2) Based on 47,833,188 shares of Common Stock outstanding as of May 1, 2025, according to information provided by the Company.

SCHEDULE 13D

CUSIP No. 89854H102

1

Name of reporting person

KDT Family, LLLP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 14,766,806.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,766,806.00

11

Aggregate amount beneficially owned by each reporting person

14,766,806.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

30.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

(1) Power is shared with its sole general partner, Mantucket Capital Management Corporation, and Kenneth D. Tuchman, the controlling person of Mantucket Capital Management Corporation. (2) Based on 47,833,188 shares of Common Stock outstanding as of May 1, 2025, according to information provided by the Company.

SCHEDULE 13D

CUSIP No. 89854H102

1

Name of reporting person

Mantucket Capital Management Corporation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 14,766,806.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 14,766,806.00

11

Aggregate amount beneficially owned by each reporting person

14,766,806.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

30.9 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

(1) Consists of 14,766,806 shares beneficially owned by Mantucket Capital Management Corporation in its capacity as the sole general partner of KDT Family, LLLP. (2) Based on 47,833,188 shares of Common Stock outstanding as of May 1, 2025, according to information provided by the Company.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: TTEC Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 5251 DTC Parkway, Suite 995, Greenwood Village, COLORADO , 80111.
Item 4.	Purpose of Transaction
	Item 4 of the 13D is hereby supplemented to include the following information at the end of Item 4: On July 31, 2025, Mr. Tuchman delivered a letter to the Board of Directors of the Company withdrawing his previously disclosed non-binding proposal to acquire all of the outstanding shares of Common Stock not already owned by the Reporting Persons for cash consideration at a purchase price of $6.85 per share of Common Stock. A copy of the letter is filed as Exhibit 99.1 to this Amendment. The Reporting Persons will continue to review their investment in the Company on a continuing basis and may in the future take or propose to take such actions with respect to their investment in the Company as they deem appropriate.
Item 5.	Interest in Securities of the Issuer
(a)	The information set forth on rows 11 and 13 of each of the cover pages of this 13D is incorporated herein by reference. To the knowledge of each of the Reporting Persons, none of the Covered Persons (as defined and identified in the initial 13D) owns beneficially pursuant to Rule 13d-3 of the Act any shares of Common Stock.
(b)	The information set forth in rows 7 through 10 of each of the cover pages of this 13D is incorporated herein by reference.
(c)	None of the Reporting Persons have effected any transactions in the Common Stock in the last sixty (60) days.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the 13D is hereby supplemented to incorporate by reference the information set forth in Item 4 above.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the 13D is hereby supplemented by adding the following exhibit: Exhibit Number Description 99.1 Letter, dated July 31, 2025 from Kenneth D. Tuchman to the Board of Directors of TTEC Holdings, Inc.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

TUCHMAN KENNETH D

Signature:	/s/ Kenneth D. Tuchman
Name/Title:	Kenneth D. Tuchman
Date:	08/01/2025

KDT Stock Revocable Trust

Signature:	/s/ Kenneth D. Tuchman
Name/Title:	Kenneth D. Tuchman/Sole Trustee
Date:	08/01/2025

KDT Family, LLLP

Signature:	/s/ Kenneth D. Tuchman
Name/Title:	Kenneth D. Tuchman/Assistant Treasurer
Date:	08/01/2025

Mantucket Capital Management Corporation

Signature:	/s/ Kenneth D. Tuchman
Name/Title:	Kenneth D. Tuchman/Assistant Treasurer
Date:	08/01/2025

FAQ

How much of TTEC (symbol: TTEC) does Kenneth D. Tuchman now control?

The reporting persons collectively own 27,853,207 shares, or 58.2 % of the outstanding common stock.

What happened to the previously announced $6.85 buy-out offer for TTEC?

Mr. Tuchman withdrew the non-binding proposal on 31 Jul 2025, as disclosed in Item 4 and Exhibit 99.1.

Did the reporting persons buy or sell TTEC shares during the last 60 days?

No. The filing states that no transactions were effected in the past 60 days.

Will Tuchman consider future strategic actions regarding TTEC?

The filing says the reporting persons will continue to review their investment and may take future actions as deemed appropriate.

What percentage of TTEC shares is held by KDT Family, LLLP?

KDT Family, LLLP holds 14,766,806 shares, representing 30.9 % of the class.