CHELMSFORD, Mass., June 7, 2022
/PRNewswire/ -- Harte Hanks, Inc. (NASDAQ: HHS), a
global customer experience company, is set to join the Russell
Microcap® Index at the conclusion of the 2022 Russell indexes
annual reconstitution, effective after the US market opens on
June 27, according to a preliminary
list of additions posted June 3.
Membership in the Russell Microcap® Index, which remains in
place for one year, means automatic inclusion in the appropriate
growth and value style indexes. FTSE Russell determines membership
for its Russell indexes primarily by objective,
market-capitalization rankings and style attributes.
Harte Hanks CEO, Brian Linscott,
commented: "Being added to the Russell Microcap index, just a few
months after returning to a national exchange with our NASDAQ
uplisting, represents the culmination of our turnaround. This
achievement should expand our visibility and liquidity, exposing
Harte Hanks to index-focused investors."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets are benchmarked against
Russell's US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell Microcap® Index and the
Russell indexes reconstitution, go to the "Russell Reconstitution"
section on the FTSE Russell website.
About Harte Hanks:
Harte Hanks (NASDAQ: HHS) is a leading global customer
experience company whose mission is to partner with clients to
provide them with CX strategy, data-driven analytics and actionable
insights combined with seamless program execution to better
understand, attract, and engage their customers.
Using its unparalleled resources and award-winning talent in the
areas of Customer Care, Fulfillment and Logistics, and Marketing
Services, Harte Hanks has a proven track record of driving results
for some of the world's premier brands including Bank of America,
GlaxoSmithKline, Unilever, Pfizer, HBOMax, Volvo, Ford, FedEx,
Midea, Sony, and IBM among others. Headquartered in Chelmsford, Massachusetts, Harte Hanks has
over 2,500 employees in offices across the Americas, Europe and Asia
Pacific.
For more information visit hartehanks.com
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$20 trillion is currently benchmarked
to FTSE Russell indexes. For over 30 years, leading asset owners,
asset managers, ETF providers and investment banks have chosen FTSE
Russell indexes to benchmark their investment performance and
create ETFs, structured products and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
As used herein, "Harte Hanks" or "the Company" refers
to Harte Hanks, Inc. and/or its applicable operating
subsidiaries, as the context may require. Harte Hanks' logo and
name are trademarks of Harte Hanks.
Cautionary Note Regarding Forward-Looking Statements:
Our press release and related earnings conference call contain
"forward-looking statements" within the meaning
of U.S. federal securities laws. All such statements are
qualified by this cautionary note, provided pursuant to the safe
harbor provisions of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.
Statements other than historical facts are forward-looking and may
be identified by words such as "may," "will," "expects,"
"believes," "anticipates," "plans," "estimates," "seeks," "could,"
"intends," or words of similar meaning. These forward-looking
statements are based on current information, expectations and
estimates and involve risks, uncertainties, assumptions and other
factors that are difficult to predict and that could cause actual
results to vary materially from what is expressed in or indicated
by the forward-looking statements. In that event, our business,
financial condition, results of operations or liquidity could be
materially adversely affected and investors in our securities could
lose part or all of their investments. These risks, uncertainties,
assumptions and other factors include: (a) local, national and
international economic and business conditions, including (i) the
outbreak of diseases, such as the COVID-19 coronavirus, which has
curtailed travel to and from certain countries and geographic
regions, created supply chain disruption and shortages, disrupted
business operations and reduced consumer spending, (ii) market
conditions that may adversely impact marketing expenditures, (iii)
the impact of the Russia/Ukraine conflict on the global economy and our
business, including impacts from related sanctions and export
controls and (iv) the impact of economic environments and
competitive pressures on the financial condition, marketing
expenditures and activities of our clients and prospects; (b) the
demand for our products and services by clients and prospective
clients, including (i) the willingness of existing clients to
maintain or increase their spending on products and services that
are or remain profitable for us, and (ii) our ability to predict
changes in client needs and preferences; (c) economic and other
business factors that impact the industry verticals we serve,
including competition and consolidation of current and prospective
clients, vendors and partners in these verticals; (d) our ability
to manage and timely adjust our facilities, capacity, workforce and
cost structure to effectively serve our clients; (e) our ability to
improve our processes and to provide new products and services in a
timely and cost-effective manner though development, license,
partnership or acquisition; (f) our ability to protect our
facilities against security breaches and other interruptions and to
protect sensitive personal information of our clients and their
customers; (g) our ability to respond to increasing concern,
regulation and legal action over consumer privacy issues, including
changing requirements for collection, processing and use of
information; (h) the impact of privacy and other regulations,
including restrictions on unsolicited marketing communications and
other consumer protection laws; (i) fluctuations in fuel prices,
paper prices, postal rates and postal delivery schedules; (j) the
number of shares, if any, that we may repurchase in connection with
our repurchase program; (k) unanticipated developments regarding
litigation or other contingent liabilities; (l) our ability to
complete anticipated divestitures and reorganizations, including
cost-saving initiatives; (m) our ability to realize the expected
tax refunds; and (n) other factors discussed from time to time in
our filings with the Securities and Exchange Commission,
including under "Item 1A. Risk Factors" in our Annual Report on
Form 10-K for the year ended December 31, 2021 which was
filed on March 21, 2022. The forward-looking statements in
this press release and our related earnings conference call are
made only as of the date hereof, and we undertake no obligation to
update publicly any forward-looking statement, even if new
information becomes available or other events occur in the
future.
Investor Relations Contact:
Rob Fink
FNK IR
HHS@fnkir.com
646-809-4048
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SOURCE Harte Hanks, Inc.