Thryv Holdings, Inc. 8-K

What Happened Thryv Holdings, Inc. (THRY) reported that on January 5, 2026 its Compensation Committee approved one-time cash retention bonuses for certain critical employees, including three named executive officers: Grant Freeman (President), John Wholey (Chief Operations & Customer Success Officer & Executive VP), and Lesley Bolger (Chief Legal Officer & Human Resources). Each eligible executive will receive a retention bonus equal to 50% of their annual base salary, payable in two installments contingent on continued employment and satisfactory performance.

Key Details

• Approval date: January 5, 2026; affected executives: Grant Freeman, John Wholey, Lesley Bolger.
• Bonus amount: 50% of each NEO’s annual base salary, paid in two installments (Retention Bonus Payments).
• Payment timing: First payment = 60% of the retention bonus, payable after August 31, 2026 (no later than 60 days after that date); second payment = 40%, payable after August 31, 2027 (no later than 60 days after that date).
• Conditions: Payments are subject to continued employment and satisfactory performance through each payment date; Form of Retention Agreement is filed as an exhibit.

Why It Matters This filing documents targeted retention pay for senior leaders, which can affect Thryv’s cash outflows and compensation expense in 2026 and 2027 if the executives remain employed and meet performance requirements. For investors, the item signals the company’s effort to retain key management but does not disclose specific dollar amounts beyond the 50%-of-salary formula.