Domo, Inc. adopted a Tax Benefits Preservation Plan to protect its net operating losses (NOLs) from a potential ownership change under Section 382 of the Internal Revenue Code. The plan includes the distribution of preferred stock purchase rights to Class A and Class B common stock holders of record as of August 4, 2026, which act as a poison pill mechanism to poison the company's stock. Domo, Inc. is a provider of cloud-based business intelligence and data management software solutions.

On July 22, 2026, Domo, Inc. entered into an Asset Purchase Agreement with Progress Software Corporation to sell substantially all of its assets and employees, excluding net operating loss (NOL) carryforwards, for approximately $400 million in cash. The transaction, approved by the board and majority stockholders, is expected to close by November 30, 2026. Domo will remain a publicly listed entity under a new name and ticker, retaining over $900 million in NOLs and approximately $246 million in net cash ($4.84 per share) after paying off its credit facility. To protect these tax attributes, Domo adopted a Tax Benefits Preservation Plan. The company intends to use the proceeds to monetize NOLs or return capital to shareholders. Domo operates in the software industry, providing an AI and data products platform for business intelligence and analytics.

Domo, Inc. held its 2026 Annual Meeting on July 14, 2026, with a quorum representing approximately 95.86% of the total voting power. Stockholders elected eight directors to one-year terms, including Joshua G. James, Carine S. Clark, Daniel Daniel, Jeff Kearl, Dan Strong, Renée Soto, David Jolley, and Ryan Wright. Additionally, shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending January 31, 2027, and approved the compensation of named executive officers on an advisory basis. Domo, Inc. is a cloud-based business intelligence software company.

Daren Thayne, Chief Technology Officer and Executive Vice President of Product, will resign from Domo, Inc. effective July 10, 2026, to pursue an external executive role. The resignation is not due to disagreements regarding company operations, policies, or practices. Due to ongoing negotiations regarding a potential transaction, the company does not intend to immediately name a successor, with management assuming his duties on an interim basis. Domo, Inc. is a cloud-based software company providing data integration and business intelligence solutions.

Domo, Inc. issued a press release on June 15, 2026, announcing its financial results for the fiscal quarter and year ended April 30, 2026. Domo, Inc. is a cloud-based business intelligence and data management platform provider.