Michael P. Kouzelos, an officer at CBIZ, Inc., has disposed of a significant number of shares following the company's recent merger. This transaction involves 389,718 shares of common stock, which were disposed of as part of the merger agreement with Viking ParentCo, Inc.

The disposal of shares is notable as it follows the merger agreement dated July 28, 2026, where Viking MergerCo, Inc. merged with CBIZ, with CBIZ continuing as the surviving entity. Each outstanding share of CBIZ was converted into a cash payment of $55.00 per share as part of the merger consideration.

Background

CBIZ, Inc. operates in the business services sector, specifically categorized under services-business services, NEC. The company is based in Independence, Ohio, and its stock trades under the ticker symbol CBZ. Recent filings indicate that the company has undergone significant changes, including its merger with Viking ParentCo.

What the Filing Says

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." This indicates a complete transition of ownership structure following the merger.

Impact

This transaction may affect various stakeholders, including shareholders and employees who held stock options or restricted stock units (RSUs). The filing notes that unvested RSUs held by Kouzelos were also converted into cash-settled RSU awards, reflecting the merger's impact on employee compensation structures.

What's Next

The filing does not say what happens next.