Director Rick L. Burdick filed a Form 4 with the SEC on November 2, 2026, reporting the cancellation of all his directly and indirectly held CBIZ, Inc. common stock following the closing of a merger in which each share was converted into the right to receive $55.00 in cash.

Key Highlights

  • Merger closed November 2, 2026: Viking MergerCo, Inc. merged with and into CBIZ, Inc., with CBIZ continuing as the surviving corporation and an indirect wholly owned subsidiary of Viking ParentCo, Inc.
  • Cash consideration: Each outstanding share of CBIZ common stock, par value $0.01 per share, was canceled and converted into the right to receive $55.00 in cash per share, without interest, according to the filing.
  • Direct holdings canceled: Burdick held 8,412 shares directly, which were disposed of at the merger effective time, leaving a post-transaction balance of 0 shares.
  • Indirect holdings canceled: Burdick also held 179,454 shares indirectly through a limited partnership, which were likewise disposed of, resulting in a post-transaction balance of 0 shares.
  • Merger Agreement dated July 28, 2026: The transaction was governed by the Agreement and Plan of Merger among CBIZ, Inc., Viking ParentCo, Inc., and Viking MergerCo, Inc., as disclosed in the filing.
  • Transaction code D: Both dispositions are reported under transaction code D, reflecting the cancellation of shares at the merger effective time.

CBIZ Director Rick L. Burdick Reports Full Share Cancellation Upon Merger Completion

According to the Form 4 filed on November 2, 2026, CBIZ, Inc. (NYSE:CBZ) director Rick L. Burdick reported the disposal of all common stock he beneficially owned, both directly and indirectly, as a result of the consummation of a merger. The filing states that Viking MergerCo, Inc. merged with and into CBIZ, Inc. pursuant to the Agreement and Plan of Merger dated July 28, 2026, by and among CBIZ, Inc., Viking ParentCo, Inc., and Viking MergerCo, Inc. Following the merger, CBIZ continued as the surviving corporation and became an indirect wholly owned subsidiary of Viking ParentCo, Inc.

The filing discloses that at the effective time of the merger, each outstanding share of CBIZ common stock, par value $0.01 per share, "was canceled and converted into the right to receive $55.00 in cash per share, without interest." Burdick's 8,412 directly held shares and 179,454 indirectly held shares, the latter owned through a limited partnership, were both disposed of under transaction code D on November 2, 2026. The post-transaction beneficial ownership in both cases is reported as 0 shares.

The Form 4 was signed by Jaileah X. Huddleston as Attorney-in-Fact for Rick L. Burdick and dated November 2, 2026. No derivative securities are reported in Table II of the filing, and no price is listed separately for the individual dispositions, as the cancellation occurred automatically pursuant to the merger terms.

What Was Disclosed

The filing reports that CBIZ director Rick L. Burdick's total beneficial ownership of CBIZ common stock, comprising 8,412 direct shares and 179,454 shares held through a limited partnership, was reduced to zero upon the November 2, 2026 merger closing, with each share canceled in exchange for $55.00 in cash.