2017 Financial Press Releases

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06/26/17Joe Tautges Appointed Chief Financial Officer for CDK Global
HOFFMAN ESTATES, Ill., June 26, 2017 (GLOBE NEWSWIRE) -- CDK Global (Nasdaq:CDK) today announced that its Board of Directors has appointed Joe Tautges to serve as CDK’s new chief financial officer, effective August 9, 2017. Tautges brings 20 years of experience leading global finance, accounting and operations teams for large technology, consumer products and business consulting companies.   Tautges most recently served as CFO of the $18 billion Enterprise Services segment of Hewlett Packar... 
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06/21/17Amy Byrne Joins CDK Global as Chief Human Resources Officer
HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--Jun. 21, 2017-- CDK Global (Nasdaq:CDK) today announced that Amy Byrne recently joined the company as executive vice president and chief human resources officer. Amy brings nearly 25 years of experience leading large global HR teams across talent, compensation and benefits, diversity, labor relations, and organizational engagement. Most recently, Amy was with Avon Products, Inc. where she led the human resources or... 
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06/07/17CDK Global Declares Regular Quarterly Cash Dividend
HOFFMAN ESTATES, Ill., June 07, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of CDK Global, Inc. (Nasdaq:CDK) has declared a regular quarterly cash dividend of $0.14 per share payable on June 30, 2017 to shareholders of record at the close of business on June 20, 2017. About CDK Global With more than $2 billion in revenues, CDK Global (Nasdaq:CDK) is a leading global provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent indus... 
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05/25/17CDK Global Announces CFO Transition
HOFFMAN ESTATES, Ill., May 25, 2017 (GLOBE NEWSWIRE) -- CDK GLOBAL (Nasdaq:CDK) announced today that Chief Financial Officer, Al Nietzel, is leaving the Company to pursue other interests, effective May 31, 2017.  CDK’s Executive Vice President, General Counsel and Secretary, Lee Brunz, will serve as interim CFO, while retaining his other duties, until a new CFO is appointed.  Mr. Brunz previously served as head of finance and controller for Cobalt Holding Company, a predecessor company of CDK.... 
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05/24/17CDK Global to Acquire Auto/Mate Dealership Systems
Advances CDK’s Commitment to Dealers Brings Advanced Technology Solutions to More Dealers for a Better Consumer Experience CHICAGO & ALBANY, N.Y.--(BUSINESS WIRE)--May 24, 2017-- CDK GLOBAL (Nasdaq:CDK) and Auto/Mate Dealership Systems today announced that they have entered into a definitive agreement whereby CDK will acquire Auto/Mate, a privately held company that provides a suite of DMS (Dealer Management Systems) products and ... 
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05/15/17CDK Global Announces Entry into an Accelerated Share Repurchase Agreement to Repurchase $350 Million of its Common Stock
HOFFMAN ESTATES, Ill., May 15, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (“CDK”) announced today its entry into an accelerated share repurchase (“ASR”) agreement with Bank of America Merrill Lynch (“BofAML”) to purchase $350 million of CDK’s common stock. Under the terms of the ASR agreement, CDK will make a $350 million payment to BofAML on May 16, 2017 and will receive from them on the same day an initial delivery of approximately 4.5 million shares of CDK’s common stock. The final number of... 
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05/15/17CDK Global Partner Program Reaches Milestone of Connecting 300 Partner Application Providers with Dealers
HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--May 15, 2017-- CDK Global (Nasdaq:CDK) today announced that it now offers a marketplace of 300 partner application providers as part of its rapidly expanding CDK Global Partner Program. The CDK Partner Program provides data and workflow integration to a wide range of approved partners, third parties, OEMs and automotive dealers. CDK reached this milestone with the recent addition of 42 new partners and 55 new ... 
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05/10/17CDK Global Announces Pricing of its $600,000,000 4.875% Senior Notes Due 2027
HOFFMAN ESTATES, Ill., May 10, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (“CDK”) announced today that it priced $600,000,000 aggregate principal amount of its 4.875% Senior Notes due 2027, representing an increase of $100,000,000 from the previously announced size (the “Notes”). The offering is expected to close on May 15, 2017 subject to customary closing conditions. The Notes will mature on June 1, 2027. The Notes have been offered to qualified institutional buyers pursuant to Rule 144A unde... 
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05/08/17CDK Global Announces Proposed Private Offering of $500 Million of Senior Notes
HOFFMAN ESTATES, Ill., May 08, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) (“CDK”) announced today that it intends, subject to market and other conditions, to offer $500.0 million aggregate principal amount of senior notes (the “Notes”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. CDK expects to use the net proceeds... 
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05/02/17CDK Global Reports Third Quarter Results and Updates FY 2017 Outlook
Revenues Rise 3%, 4% on a Constant Currency Basis GAAP Earnings per Share Rise 56%, Adjusted Earnings per Share Rise 55% Increases Fiscal Year Forecast:  GAAP Earnings per Share to Rise 33% - 35%, Adjusted Earnings per Share to Rise 38% - 40% HOFFMAN ESTATES, Ill., May 02, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) today announced its third quarter fiscal 2017 financial results and raised its earnings outlook for fiscal 2017. Third Quarter Fiscal 2017 Results Year-over-yea... 
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04/11/17CDK Global to Announce Third Quarter Fiscal 2017 Financial Results on May 2, 2017
HOFFMAN ESTATES, Ill., April 11, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) is scheduled to release its financial results for the fiscal third quarter ending March 31, 2017 before the opening of the Nasdaq on Tuesday, May 2, 2017. CDK will also be hosting a conference call at 7:30 a.m. CT on May 2, 2017 to discuss the results for the fiscal quarter. Brian MacDonald, President and Chief Executive Officer, Al Nietzel, Chief Financial Officer, and Taze Rowe, Vice President, Treasur... 
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03/28/17New research reveals different words seal the deal with different types of car buyers
Women want drive and luxury, Gen-X lured by power and performance. HOFFMAN ESTATES, Ill., March 28, 2017 /PRNewswire/ -- New research released today by CDK Global, a leading global provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent industries, reveals that all potential car buyers are not alike when it comes to language that entices them. In fact, according to the fourth edition of the company's Language of Closers series, dif... 
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02/02/17CDK Global Reports Second Quarter Results and Updates FY 2017 Outlook; Provides Return of Capital and Leverage Targets through Calendar Year 2019
GAAP EPS Rises 28% to $0.55; Adjusted EPS Rises 45% to $0.64 HOFFMAN ESTATES, Ill., Feb. 02, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) today announced its second quarter fiscal 2017 financial results, updated its earnings outlook for fiscal 2017 and provided return of capital and leverage targets through calendar year 2019. Second Quarter Fiscal 2017 Results Year-over-year highlights are below: Second Quarter Fiscal 2017 Results   GAAP   Adjusted ... 
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01/18/17CDK Global Declares Regular Quarterly Cash Dividend
HOFFMAN ESTATES, Ill., Jan. 18, 2017 (GLOBE NEWSWIRE) -- The Board of Directors of CDK Global, Inc. (Nasdaq:CDK) has declared a regular quarterly cash dividend of $0.14 per share payable on March 29, 2017 to shareholders of record at the close of business on March 1, 2017. About CDK Global With more than $2 billion in revenues, CDK Global (Nasdaq:CDK) is a leading global provider of integrated information technology and digital marketing solutions to the automotive retail and adjacent indu... 
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01/13/17CDK Global Completes Return of $1 Billion of Capital to Shareholders
Expects to Discuss Next Steps With Respect to Return of Capital on Second Quarter Fiscal 2017 Financial Results Conference Call on February 2, 2017 HOFFMAN ESTATES, Ill., Jan. 13, 2017 (GLOBE NEWSWIRE) -- CDK Global, Inc. (Nasdaq:CDK) today announced it has timely completed its plan to return $1 billion of capital to its shareholders by the end of calendar year 2016. During the second quarter of fiscal 2017 ending December 31, 2016, the company returned a total of $370 million through a co... 
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