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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material under §240.14a-12
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form
or Schedule and the date of its filing.
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Amount Previously Paid:
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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| 1. |
What was announced?
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We announced that the Company has entered into an agreement under which our Co-Founders Bryce Maddock and Jaspar Weir, in partnership with Blackstone, will acquire TaskUs and operate it as a private company.
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We expect the transaction will close in the second half of 2025, subject to customary closing conditions and approvals, including the receipt of required regulatory and stockholder approvals.
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What does it mean to become a private company?
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Following completion of the transaction, our common stock will no longer be listed on any public market.
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As we continue to seek to scale and grow, we believe that operating as a private company will allow us greater flexibility to make long-term investments in our business.
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While this will be a change in the Company’s ownership structure, our frontline-first culture and focus on serving clients won’t change.
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Until the transaction is completed, which we expect to occur in the second half of 2025, TaskUs remains a publicly traded company, and we are operating as usual.
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Why is TaskUs going private?
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This strategic transaction with the Buyer Group will enable TaskUs to make the long-term investments to better support both our own business and our clients as we scale and adapt in the AI age.
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Who is Blackstone and what will their role be moving forward?
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Blackstone is the world’s largest alternative asset manager and seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests.
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Following the close of the transaction, Blackstone’s partnership will equip TaskUs with additional flexibility and resources to make the long-term investments in AI capabilities that will be needed to enhance the customer value
proposition in the fast-changing environment brought upon by AI.
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| 5. |
What does this transaction mean for teammates?
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We believe this transaction will provide the Company and teammates with greater flexibility to support and deliver for our clients.
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However, this announcement is just the first step.
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Until the transaction closes, it remains business as usual, and our focus should be on serving our clients.
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Will there be changes to my day-to-day responsibilities?
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Until the transaction closes, this news has no impact on day-to-day responsibilities or reporting structure.
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As always, our focus should be on serving our clients.
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| 7. |
Will there be any changes to employee salaries, compensation or benefits as a result of this transaction? Will the bonus program for 2025 change?
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Nothing is changing today as a result of this announcement.
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There will be no change to the 2025 bonus program.
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Until the transaction closes, we will continue to operate under our current compensation and benefits programs.
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| 8. |
Will there be layoffs as a result of this transaction?
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Nothing is changing today as a result of this announcement.
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Until the close of the transaction, this news has no impact on our daily operations.
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As always, we will continue to evaluate the needs of our business to ensure that TaskUs is positioned to best serve our clients.
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| 9. |
How does this impact teams outside of the U.S.?
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Nothing is changing today as a result of this announcement.
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Until the close of the transaction, this news has no impact on our daily operations.
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| 10. |
What will Bryce and Jaspar’s roles be? What does this mean for the management team?
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Following the close of the transaction, Bryce and Jaspar will continue to serve in their roles as Chief Executive Officer and President, respectively.
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| 11. |
Will there be changes to TaskUs’ name or brand?
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We will continue to operate under the TaskUs name and brand.
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| 12. |
What happens to my Company stock?
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Upon closing of the transaction, TaskUs stockholders will be entitled to receive $16.50 per share in cash.
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All shares of TaskUs stock will be purchased in the transaction in exchange for the per-share sale transaction price.
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What will happen to TaskUs’ PSUs / RSUs / stock options?
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If you hold vested and unexercised stock options as of immediately prior to the closing of the transaction, such options will be cancelled and you will become entitled to receive a cash payment equal to the transaction consideration
of $16.50 per share, less the exercise price per share, multiplied by the number of shares subject to such option, which will be made through payroll shortly following closing. If you hold unvested options as of immediately prior to the
closing, such options will continue to remain outstanding and subject to the same terms and conditions as were applicable before closing (except for changes to terms rendered inoperative or no longer applicable due to TaskUs ceasing to
be a publicly traded company or for such other administrative or ministerial changes). Any options (whether vested or unvested) that you hold immediately prior to the closing that are underwater based on the transaction consideration of
$16.50 per share will be cancelled for no consideration.
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For any RSUs, PSUs or Options which have vested prior to the closing of the transaction, your shares will be purchased for $16.50 per share (less the strike price for Options). For all RSUs, PSUs or Options that have not vested prior
to the closing of the transaction, the awards will continue to vest into the now private company on generally the same terms as outlined in the original award agreement except that any underwater Options will expire at the closing.
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As an employee, can I continue to buy / sell TaskUs stock until close?
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Yes, you can continue to trade TaskUs stock, subject to the restrictions that are already in place.
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This transaction does not impose any additional restrictions on your ability to buy or sell TaskUs stock.
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We will continue to operate as a public company and employees are subject to all trading windows and restrictions until the transaction closes.
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If you have additional questions, please refer to the Company’s Securities Trading Policy and resources available regarding equity.
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| 15. |
What should I tell clients, vendors and suppliers if they ask me about this announcement?
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If clients / vendors / suppliers ask, you can tell them that nothing is changing today and share our excitement about the future of TaskUs and the opportunities we have to advance the Company’s AI capabilities and deliver even more
powerful solutions.
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| 16. |
What do I do if I am approached by media, an analyst or another third party?
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If you are contacted by the press, investors or another third party, please forward any inquiries to Trent Thrash, [REDACTED] and Ramya Kumaraswamy, [REDACTED], who
will handle on the Company’s behalf.
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| 17. |
What happens next?
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It’s important to note that we are not a private company today.
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We expect the transaction to close in the second half of 2025, subject to customary closing conditions and approvals, including the receipt of required regulatory and stockholder approvals.
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In the meantime, we remain a publicly traded company and will continue operating as usual.
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As always, our focus should be on serving our clients.
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We are committed to making this a seamless transition. We will keep you informed throughout this process.
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| 18. |
Who can I contact if I have questions?
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If you have additional questions, please reach out to your direct manager.
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