10-Q/A: Thryv Holdings Files Amended 10-Q for Q1 2024 to Correct Officer Certifications

Thryv Holdings has filed an amendment to its Q1 2024 10-Q report to correct officer certifications, with no changes to the financial statements or other disclosures.

Summary

• Thryv Holdings, Inc. has filed an amendment to its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
• The amendment, filed on Form 10-Q/A, is to correct officer certifications required under Section 302 of the Sarbanes-Oxley Act of 2002.
• No financial statements have been included in this amended filing, and certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.
• The company has not updated the disclosures to reflect any events that occurred after the original filing on May 2, 2024.
• The amended report should be read in conjunction with the original 2024 Q1 Form 10-Q and subsequent filings with the SEC.

Sentiment

Score: 4

Explanation: The document indicates a need to correct a previous filing, which is a negative signal, but it is a procedural correction and not related to financial performance. The sentiment is therefore slightly negative.

Positives

• The company is taking steps to ensure compliance with regulatory requirements by correcting officer certifications.

Risks

• The need to amend the original filing suggests a potential weakness in internal controls or procedures related to officer certifications.
• The company has not updated the disclosures to reflect any events that occurred after the original filing on May 2, 2024, which could mean that the information is not fully up to date.

Management Comments

• Joseph A. Walsh, Chairman of the Board and Chief Executive Officer, and Paul D. Rouse, Chief Financial Officer, have certified the amended report.

Industry Context

This type of filing is a standard regulatory procedure for publicly traded companies to ensure compliance with SEC regulations and maintain accurate financial reporting.

Comparison to Industry Standards

• The need to amend a 10-Q for officer certifications is not typical, as most companies ensure these are correct in the initial filing.
• Other companies in the software and technology sector, such as Intuit or Adobe, typically do not require amendments for officer certifications, suggesting Thryv may have had an internal control issue.

Stakeholder Impact

• Shareholders may be concerned about the need for an amendment, but the company has taken steps to correct the issue.
• The amendment does not impact the financial results of the company.

Key Dates

Keywords

10-Q, amendment, officer certifications, Sarbanes-Oxley Act, financial reporting, Thryv Holdings, SEC filing