Item 8.01 – Other Events
On January 28, 2021, Workday, Inc. (“Workday”) issued a press release announcing its entry into a definitive agreement (the “Purchase Agreement”) by and among Workday, its wholly-owned subsidiary, Workday Limited, Peakon ApS (“Peakon”) and certain other parties thereto. Pursuant to the Purchase Agreement, Workday Limited will, subject to the satisfaction of certain conditions and receipt of required regulatory approvals, acquire all of the outstanding capital shares of Pelican. A copy of the press release is attached hereto as Exhibit 99.1.
Forward-Looking Statements
This report contains “forward-looking statements” related to Workday, Peakon, and the acquisition of Peakon, by Workday. Statements other than statements of historical fact may be deemed to be forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements in this report include, among other things, statements about the potential benefits and effects of the proposed transaction; Workday’s plans, objectives, expectations and intentions, and the anticipated timing of closing of the proposed transaction. Risks include, but are not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all; (ii) failure to achieve the expected benefits of the transaction; (iii) Workday’s ability to implement its plans, objectives, and other expectations with respect to Peakon’s business and its ability to help drive employee engagement, improve organizational performance, foster an inclusive workplace culture, and support rapid change and growth; (iv) negative effects of the announcement or the consummation of the transaction on Workday’s business operations, operating results, or share price; (v) unanticipated expenses related to the acquisition; and (vi) other risks and factors described in our filings with the Securities and Exchange Commission (“SEC”), including our Form 10-Q for the fiscal quarter ended October 31, 2020, and our future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this report.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.