Donnelley Financial Solutions Finalizes Termination of Pension Plan
Pension Plan Termination: Donnelley Financial Solutions successfully completed the termination of its primary defined benefit pension plan, which had been frozen since 2011, in the third quarter of 2025.
Settlement Process: The company settled the plan obligations through lump sum payments to participants and the purchase of a non-participating irrevocable group annuity contract, contributing $12.5 million to fully fund the plan.
Financial Impact: The plan settlement will result in a pre-tax non-cash settlement charge of approximately $83 million in the company's third quarter 2025 results, due to the recognition of unrealized accumulated losses.
Balance Sheet Changes: Following the settlement, the company removed a net liability of about $10 million from its balance sheet, reflecting a reduction of approximately $200 million in plan obligations against $190 million in plan assets.
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RAM Smid Composite Achieves 3.58% Return in Q4 2025, Outperforming Benchmark
- Quarterly Performance: The RAM Smid Composite achieved a return of 3.58% in Q4 2025, outperforming its benchmark, the Russell 2500 Value Total Return Index, which rose by 3.15%, indicating the effectiveness of the fund's investment strategy.
- New Investment Position: In Q4 2025, RAM Smid Composite initiated a new position in Donnelley Financial Solutions (NYSE:DFIN), reflecting confidence in the company's future growth potential.
- Software Sales Target: Donnelley Financial Solutions aims to derive 60% of its sales from software solutions by 2028, with accelerating SaaS momentum expected to drive revenue growth.
- Financial Performance Beats Expectations: Donnelley Financial Solutions reported a non-GAAP EPS of $0.86, beating estimates by $0.29, and revenue of $175.3 million, exceeding expectations by $5.6 million, showcasing the company's competitive strength in the market.

Donnelley Financial Solutions to Participate in 28th Annual Needham Growth Conference
- Management Participation: Donnelley Financial Solutions' CEO Dan Leib and CFO Dave Gardella will participate in a fireside chat at the 28th Annual Needham Growth Conference in New York on January 13, 2026, which is expected to attract investor attention and enhance the company's visibility.
- Live Webcast: The company will provide a link to the live webcast of the fireside chat on its Investor Relations homepage, enabling investors who cannot attend in person to access information, thereby enhancing interaction and transparency with stakeholders.
- Mission Reaffirmation: Donnelley Financial Solutions is committed to providing compliance and regulatory software and services that support complex capital market transactions and financial reporting, ensuring the company maintains its leadership position in compliance, further solidifying its market dominance.
- Workflow Efficiency Enhancement: By offering comprehensive solutions for investment company compliance needs, Donnelley aims to improve clients' workflow efficiency and enhance customer trust, which will drive long-term business growth.






