Manhattan Associates, Inc. (MANH) SEC Filings & Earnings Calls

Securities litigation

“On February 25, 2025, an alleged Company shareholder filed a putative class action lawsuit... alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act.” · word for word

Macroeconomic uncertainty

“While we remain cautious about the global economy, including with respect to macroeconomic uncertainty and global instability resulting from the military conflict involving the United States, Israel, and Iran and the ongoing war between Russia and Ukraine.” · word for word

Global macro volatility remains a headwind, but company expresses confidence in momentum.

“While mindful of the continued global macro volatility, we are confident in our business momentum” · word for word

Restructuring may indicate underlying cost pressures or strategic shift, though guidance reaffirmed.

“leveraging increased operational efficiencies and allowing it to focus investments on key strategic priorities”

Dilution risk to existing shareholders from expanded equity plan.

“First Amendment increases the number of shares ... by an additional 3,000,000 shares”

Securities class action litigation

“On February 25, 2025, an alleged Company shareholder filed a putative class action lawsuit... alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.” · word for word

Macroeconomic uncertainty and global instability

“While we remain cautious about the global economy, including with respect to macroeconomic uncertainty and global instability resulting from the military conflict involving the United States, Israel, and Iran and the ongoing war between Russia and Ukraine.” · word for word

Extended sales cycles for large cloud subscriptions

“We believe that, given the mission critical nature of our software, combined with a challenging global macro environment, our current sales cycles for large cloud subscriptions in our target markets could be extended.” · word for word

Effective tax rate increase

“Our effective tax rate was 28.8% and 18.5% for the three months ended March 31, 2026 and 2025, respectively. The increase... is due to a decrease of stock-based compensation benefits.”

GAAP EPS declined due to higher equity-based compensation and restructuring costs.

“GAAP diluted earnings per share for Q1 2026 was $0.82 compared to $0.85 in Q1 2025” · word for word

Services Revenue Decline Due to Customer Budget Constraints

“Our full year 2025 global consulting services revenue decreased 4% year-over-year as customer budgetary constraints caused some of our services work to shift to future periods, which negatively impacted our professional services revenue.” · word for word

Stock Price Volatility Impacting Executive Retention

“The closing market price of the Company’s Common Stock on December 31, 2025, was $173.31, representing a 36% decrease since December 31, 2024... the Compensation Committee approved mid-year RSUs (50% service-based and 50% performance-based) to employees (including NEOs and excluding CEOs) of an additional 25% value on the 2025 annual awards, with performance” · word for word

Key Person / CEO Succession Risk

“Effective February 12, 2025, (i) Eric Clark succeeded Eddie Capel as President and Chief Executive Officer of the Company... On February 26, 2026, the Company announced that Dennis Story will retire as the Company’s Executive Vice President, Chief Financial Officer, and Treasurer, effective at the close of business on March 31, 2026.” · word for word

CFO transition risk; loss of long-tenured CFO with 20 years of experience

“Dennis Story has served as CFO since March 2006; retirement effective March 31, 2026.”

Litigation risk from securities class action and derivative lawsuits

“In February and April 2025, two putative securities class action lawsuits were filed against us. Then, on September 22, 2025, a shareholder derivative lawsuit was filed against us.” · word for word

Stock price volatility and unpredictable quarterly results

“The trading price of our common stock could be subject to wide fluctuations in response to various factors, including: global macro-economic contraction impacting demand for supply chain solutions; quarterly variations in operating results.” · word for word

License revenue declined from $5.5M to $2.6M YoY, indicating shift to cloud.

“License revenue was $2.6 million for Q4 2025, compared to $5.5 million for Q4 2024” · word for word

Securities class action litigation

“On February 25, 2025, an alleged Company shareholder filed a putative class action lawsuit... alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.” · word for word

Derivative litigation

“On September 22, 2025, a purported Company shareholder, Patrick Ayers, filed a shareholder derivative lawsuit... alleging violations of the federal securities laws, breach of fiduciary duty, waste, and unjust enrichment.” · word for word

Macroeconomic uncertainty impacting demand

“We remain cautious regarding the current turbulent global macro environment, which could impact our performance.” · word for word