0001235802-21-000051.txt : 20210526
0001235802-21-000051.hdr.sgml : 20210526
20210526165310
ACCESSION NUMBER: 0001235802-21-000051
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210524
FILED AS OF DATE: 20210526
DATE AS OF CHANGE: 20210526
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ECMC Group, Inc.
CENTRAL INDEX KEY: 0001682002
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35628
FILM NUMBER: 21967055
BUSINESS ADDRESS:
STREET 1: 1 IMATION PLACE, BLDG 2, SUITE 392A
CITY: OAKDALE
STATE: MN
ZIP: 55128
BUSINESS PHONE: 651-325-3490
MAIL ADDRESS:
STREET 1: 1 IMATION PLACE, BLDG 2, SUITE 392A
CITY: OAKDALE
STATE: MN
ZIP: 55128
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Performant Financial Corp
CENTRAL INDEX KEY: 0001550695
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380]
IRS NUMBER: 200484934
STATE OF INCORPORATION: DE
BUSINESS ADDRESS:
STREET 1: 333 NORTH CANYONS PARKWAY
CITY: Livermore
STATE: CA
ZIP: 94551
BUSINESS PHONE: 925-960-4800
MAIL ADDRESS:
STREET 1: 333 NORTH CANYONS PARKWAY
CITY: Livermore
STATE: CA
ZIP: 94551
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2021-05-24
0
0001550695
Performant Financial Corp
PFMT
0001682002
ECMC Group, Inc.
111 WASHINGTON AVE SOUTH, SUITE 1400
MINNEAPOLIS
MN
55401
0
0
1
0
Common Stock
2021-05-24
4
J
0
300000
2.67
A
1485406
D
Common Stock Warrants (right to buy)
0.96
2021-05-24
4
A
0
515110
0
A
2021-05-24
2026-05-24
Common Stock
515110
515110
D
On May 24, 2021, the reporting person became entitled to receive 300,000 shares of Performant Financial Corporation ("Performant") common stock pursuant to a final settlement of an "earn out" provision in the Agreement for Purchase of LLC Membership Interests (the "Purchase Agreement") dated August 9, 2018, as amended on January 9, 2019 and May 24, 2021, by and among ECMC Holdings Corporation and Performant, pursuant to which Performant acquired all of the outstanding membership interests of Premiere Credit of North America, LLC. The number of shares constitutes a settlement of any future earn out rights under the Purchase Agreement pursuant to the Second Amendment to the Purchase Agreement dated May 24, 2021.
This warrant was acquired from Performant Financial Corporation in connection with and as a condition of a credit agreement dated as of August 7, 2017, as amended, between Performant Financial Corporation and ECMC Group, Inc.
/s/ Martin Scanlon, Chief Financial Officer
2021-05-25