Dayforce, Inc. Enters into Pension Plan Annuity Agreement

On September 11, 2025, Dayforce, Inc. entered into a commitment agreement with Nationwide Life & Annuity Insurance Company and Nationwide Life Insurance Company. This agreement involves the purchase of a nonparticipating single premium group annuity contract, which will transfer all of the Plan’s defined benefit pension obligations to the Insurer. The transfer is expected to be completed in the third quarter of 2025 and covers approximately 6,200 participants and beneficiaries. The Insurer will be solely responsible for paying the pension benefits of each Transferred Participant starting from December 1, 2025. The transaction will not affect the amount of benefits payable to the participants. The purchase will be funded by Plan assets and a $7 million cash contribution from the Company. As a result, the Company expects to recognize a one-time non-cash pre-tax pension settlement charge of approximately $170 million to $190 million in the third quarter of 2025.