XML 37 R24.htm IDEA: XBRL DOCUMENT v3.25.2
SUBSEQUENT EVENTS
 6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

(17)SUBSEQUENT EVENTS

As previously disclosed in the Company’s press release of September 30, 2024, TTEC founder, Chairman and Chief Executive Officer, Kenneth Tuchman sent to the Company’s Board of Directors (the “Board”) the unsolicited, preliminary, non-binding proposal to take the Company private at a proposed purchase price of $6.85 per share, subject to various conditions (“Non-Binding Proposal”). The Board established a special committee consisting of independent directors to evaluate the Non-Binding Proposal. On July 31, 2025, the Board received a letter from Mr. Tuchman, advising that due to market conditions, he has decided not to pursue the Non-Binding Proposal. Mr. Tuchman beneficially owns approximately 58% of the Company’s common stock, as set forth in Amendment No. 4 to Schedule 13D filed with the SEC by Mr. Tuchman and certain entities affiliated with Mr. Tuchman on August 1, 2025.