Service and Vendor Related Agreements
The Company is a party to a service agreement with CompuCom Systems, Inc. (CompuCom), an investment portfolio company of THLM. Pursuant to
the service agreement, CompuCom agrees to provide the Company with service desk and desk side support services. Pursuant to this arrangement, we made payments to CompuCom totaling $1.3 million, $2.3 million, $3.1 million, $5.0 million, and
$2.8 million for the nine months ended September 30, 2018, and 2017, and the years ended December 31, 2017, 2016 and 2015, respectively.
Other
Transactions
On July 23, 2018, Ronald F. Clarke was appointed to our Board of Directors. Mr. Clarke has been the chief executive
officer of FleetCor Technologies since August 2000 and chairman of its board of directors since March 2003. We provide services to FleetCor Technologies or one of its wholly owned affiliates through certain commercial arrangements entered into in
the ordinary course of business, which include: provision of Dayforce HCM services; reseller / referral arrangements whereby we resell / refer FleetCor Technologies services to its customers; and other administrative services. For these services, we
have recorded revenue of $0.2 million and $0.4 million for the nine months ended September 30, 2018 and 2017, respectively, and approximately $2.85 million for the year ended December 31, 2017. We are also a corporate charge card customer
of FleetCor Technologies. FleetCor Technologies receives a fee from the merchants from whom purchases are made on the FleetCor Technologies corporate charge card by us. In connection with charge card purchases made by us, FleetCor Technologies has
provided us with rebates of approximately $0.2 million for the year ended December 31, 2017.
We provide Dayforce and related services to The
Stronach Group, for which we recorded revenue of $0.2 million for the nine months ended September 30, 2018 and $0.2 million for the year ended December 31, 2016. Alon Ossip, the brother of David Ossip, was the chief executive
officer, and is currently a minority shareholder, of The Stronach Group.
We provide Dayforce and related services to FNF for which we recorded
revenue of $0.3 million, $0.4 million, $0.4 million, $0.3 million, and $0.5 million for the nine months ended September 30, 2018 and 2017 and the years ended December 31, 2015, 2016, and 2017, respectively. We are a party to
management agreements with FNF. See Management Agreements.
Immediately subsequent to our IPO on April 30, 2018, THL / Cannae
Investors LLC, one of our existing stockholders controlled by our Sponsors, purchased from us in a private placement $100.0 million of our common stock at a price per share equal to the initial public offering price. Based on the IPO price of $22.00
per share, 4,545,455 shares were issued in this private placement.
On April 27, 2017, the Company sold 11,627 unregistered shares of our
common stock for $199,993 in an exempt offering to Arthur Gitajn.
On March 30, 2016, the Company sold 16,802,143.963 shares of its senior
preferred stock, par value $0.01 per share, to Ceridian Holding II LLC at a price of $8.94 per share for an aggregate purchase price of $150,211,167. In connection therewith, Ceridian Holding II LLC sold 16,802,143.963 shares of its common stock to
the existing stockholders of Ceridian Holding LLC on a pro rata basis, including 5,305,499.441 shares to Cannae Holdings, LLC, formerly known as Fidelity National Financial Ventures, LLC, for $47,431,165; 3,701,844.855 shares to THL Fund VI Bridge
Corp for $33,094,493; 2,506,692.282 shares to THL Parallel Fund VI Bridge Corp. for $22,409,829; 437,868.792 shares to THL DT Fund VI Bridge Corp for $3,914,547; 3,847,452.908 shares to THL Equity Fund VI Investors (Ceridian) VI, L.P. for
$34,396,229; 111,856.823 shares to Brent Bickett for $1,000,000; 291,331.096 shares to OsFund, Inc. (of which David Ossip is a beneficial owner) for $2,604,500; and 27,964.206 shares to David Ossip for $250,000.
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