Kathy A. Raffa has disposed of 8,412 shares of CBIZ, Inc. as part of a recent merger agreement. This transaction, filed on November 2, 2026, is significant as it highlights changes in ownership dynamics within the business services sector.

CBIZ, Inc., known for its business services, has been involved in a merger agreement with Viking ParentCo, Inc. and Viking MergerCo, Inc. Under the terms of the agreement, MergerCo merged with CBIZ, continuing as the surviving corporation and an indirect wholly owned subsidiary of Parent.

Background

CBIZ, Inc. operates within the business services sector, specifically classified under the Standard Industrial Classification (SIC) code for services-business services, NEC. The company is based in Independence, Ohio, and has undergone several name changes in its history, previously known as Century Business Services Inc and International Alliance Services Inc.

What the Filing Says

The filing indicates that Raffa disposed of 8,412 shares of common stock on November 2, 2026. The filing states, "Pursuant to the terms of the Agreement and Plan of Merger, each outstanding share of common stock... was canceled and converted into the right to receive $55.00 in cash per share, without interest." This suggests that the shares were sold as part of the merger's execution.

Impact

This transaction may affect various stakeholders, including shareholders of CBIZ and Viking ParentCo, as well as employees and clients of the newly formed entity. The merger could lead to changes in operational strategies and market positioning within the business services industry.

What's Next

The filing does not say what happens next.