Technology

Notice to the Annual General Meeting in Hexagon AB (publ)

Published

1 year ago

April 2, 2025

STOCKHOLM, April 2, 2025 /PRNewswire/ — The shareholders of Hexagon AB are invited to attend the Annual General Meeting (AGM) to be held at 17:00 CET on Monday 5 May 2025, at IVA Conference Center, Grev Turegatan 16, Stockholm.

The Board of Directors has, pursuant to Chapter 7, Section 4 a of the Swedish Companies Act (Sw. aktiebolagslagen) and the company’s Articles of Association, decided that shareholders shall be able to exercise their voting rights by postal voting before the General Meeting. Consequently, shareholders may choose to exercise their voting rights at the AGM by attending in person, through a proxy or by postal voting.

A. PARTICIPATION IN PERSON OR BY PROXY

Shareholders who wish to attend the AGM must:

firstly, be recorded as shareholders in the share register maintained by Euroclear Sweden AB on Thursday 24 April 2025, and

secondly, notify the company of their attendance no later than Monday 28 April 2025, according to the instructions below.

Notice of attendance to the Annual General Meeting can be given on Hexagon’s website, www.hexagon.com, or by post to: Hexagon AB, “Annual General Meeting”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden,
or by phone +46 8-402 92 21, on 28 April 2025 at the latest.

When giving notice of attendance, the shareholder must state their name, personal identity number/corporate identity number, address, telephone number (daytime) and shareholding.

For shareholders who wish to be represented by a proxy, an original proxy to act on behalf of the shareholder should be attached to the notice of attendance. A proxy form will be available on the company’s website www.hexagon.com and will be sent by post to shareholders that contact the company and state their address. Representatives of a legal entity should also send a copy of the registration certificate or similar documentation of authorisation.

B. PARTICIPATION BY POSTAL VOTING

Shareholders may exercise their voting rights through postal voting. Shareholders who wish to participate in the Annual General Meeting by postal voting must:

firstly, be recorded as shareholder in the share register maintained by Euroclear Sweden AB on Thursday 24 April 2025, and

secondly, notify the company by submitting a postal vote in accordance with the instructions below, so that the postal vote is received by Euroclear Sweden AB no later than Monday 28 April 2025.

A special form must be used for the postal vote. The postal voting form is available on the company’s website www.hexagon.com. A separate notification to the Annual General Meeting is not required as the postal voting form will be considered as a notification. Completed and signed postal voting forms can be sent by mail to Hexagon AB, “Annual General Meeting”, c/o Euroclear Sweden AB, P.O. Box 191, SE-101 23 Stockholm, Sweden, or by e-mail to GeneralMeetingService@euroclear.com. Completed and signed forms must be received by Euroclear Sweden AB no later than 28 April 2025. Shareholders may also cast their votes electronically through verification with BankID via Euroclear Sweden AB’s website https://anmalan.vpc.se/EuroclearProxy, by 28 April 2025 at the latest.

Shareholders may not submit special instructions or conditions with the postal vote. In such cases, the entire postal vote will be invalid. Further instructions and conditions can be found in the postal voting form and at https://anmalan.vpc.se/EuroclearProxy.

If the shareholder submits the postal vote by proxy, a written and dated power of attorney signed by the shareholder must be attached to the postal voting form. Proxy forms are available on the company’s website www.hexagon.com and will be sent on request to shareholders who state their postal address. If the shareholder is a legal person, a registration certificate or other authorization document must be attached to the form.

Please note that shareholders who wish to attend the Annual General Meeting in person or by proxy must notify the company in accordance with the instructions under the heading “Participation in person or by proxy” above. A notification of participation by postal voting is not sufficient for shareholders who wish to attend the Annual General Meeting in person or by proxy.

C. NOMINEE-REGISTERED SHARES

To participate in the AGM, shareholders with nominee-registered shares must – in addition to notification to the company of their attendance or submission of a postal vote – request their bank or broker to have the shares owner-registered with Euroclear Sweden AB, in order for the shareholder to be recorded in the share register. Such re-registration must be made by 24 April 2025 and the nominee should be notified in due time before this date. Re-registration requested by the shareholder in such time that the registration has been completed by the nominee no later than 28 April 2025 will be taken into account in the preparation of the share register.

D. AGENDA OF THE ANNUAL GENERAL MEETING

Proposal for agenda Opening of the Meeting.Election of Chairman of the Meeting.Preparation and approval of the voting list.Approval of the agenda.Election of two persons to check the minutes.Determination of compliance with the rules of convocation.Address by the President.Presentation of
(a)        the annual report and the auditors’ report, as well as the consolidated financial report and auditors’ report on the consolidated financial report for the financial year 2024,
(b)        a statement from the company’s auditor confirming compliance with the guidelines for the remuneration of senior executives that have applied since the preceding Annual General Meeting, and
(c)        the proposal of the Board of Directors for the dividend and statement thereon.Resolutions concerning
(a)        adoption of the income statement and balance sheet, and of the consolidated income statement and consolidated balance sheet, all as per 31 December 2024,
(b)        disposition of the Company’s profit as set forth in the balance sheet adopted by the Meeting and the record date for dividend distribution, and
(c)        discharge of the Board of Directors and the Managing Director from personal liability.Determination of the number of members and deputy members of the Board of Directors.Determination of the fees to be paid to the board members and auditors.Election of board members and auditors.Election of members of the Nomination Committee.Resolution on approval of remuneration report.Resolution on a performance based long term incentive programme
(Share Programme 2025/2028)Authorization for the Board of Directors on acquisition and transfer of own shares.Authorization for the Board of Directors to issue shares, convertibles and/or warrants.Closing of the Meeting.

Proposals for resolutions

Election of Chairman of the Meeting (item 2)
The Nomination Committee elected in anticipation of the 2025 Annual General Meeting, comprising Mikael Ekdahl (Melker Schörling AB), Jan Dworsky (Swedbank Robur fonder), Brett Watson (Infor) and Daniel Kristiansson (Alecta) has proposed that Ola Rollén be elected Chairman of the 2025 Annual General Meeting.

Proposal for resolution on dividend (item 9 b)

For the financial year 2024, the Board of Directors proposes that a dividend of EUR 0.14 per share be declared. Wednesday 7 May 2025 is proposed as the record date for the right to receive dividend. If the Annual General Meeting so resolves, the dividend is expected to be distributed by Euroclear Sweden AB starting on Wednesday 14 May 2025. Payment is made in EUR, provided that EUR can be received by the shareholder’s yield account; if not, payment will be distributed in SEK, whereby currency exchange is made in accordance with Euroclear Sweden AB’s applicable procedures.

Proposals regarding election of board members and auditor and fees (items 10-12)

The Nomination Committee proposes the following:

The number of Board Members shall be nine, without deputies.Directors’ fees shall be paid as follows: SEK 2,700,000 to the Chairman of the Board, SEK 2,000,000 to the vice Chairman of the Board and SEK 850,000 to each of the other Board Members elected by the Annual General Meeting who are not employed by the company. As remuneration for committee work, the chairman of the Remuneration Committee shall receive SEK 115,000 and each member of the Remuneration Committee SEK 85,000 and the chairman of the Audit Committee shall receive SEK 425,000 and member of the Audit Committee SEK 315,000.Re-election of Board Members Ola Rollén, Gun Nilsson, Sofia Schörling Högberg, Märta Schörling Andreen, Erik Huggers, Annika Falkengren and Ralph Haupter and new election of Björn Rosengren and Tomas Eliasson as ordinary Board Members. John Brandon and Brett Watson have declined re-election.Re-election of Ola Rollén as the Chairman of the Board and new election of Björn Rosengren as vice Chairman of the Board.Re-election of auditing firm PricewaterhouseCoopers AB as the company’s auditor for a period of one year, i.e., until the end of the Annual General Meeting 2026, in accordance with the recommendation from the Audit Committee, whereby it is noted that the auditing firm has notified that the authorised public accountant
Bo Karlsson will be appointed principally responsible auditor.Fees to auditor shall be payable according to contract.

Björn Rosengren (born 1959) has a long and diverse career in the business sector, most recently serving as CEO and Group President of ABB Ltd. Prior to this, Björn was the CEO of Sandvik, CEO of Wärtsilä and Deputy CEO of Atlas Copco. Björn is also an honorary doctor at the University of Vaasa and a board member of the World Childhood Foundation. Björn holds a Master of Science in Mechanical Engineering from Chalmers University of Technology. Björn is considered independent in relation to the company and its management as well as major shareholders of the company. Björn (including related natural and legal persons) owns 332,873 shares in the company.

Tomas Eliasson (born 1962) has extensive experience as a board member in several publicly listed companies. Currently, Tomas is a board member in Telia, Millicom International Cellular S.A, Boliden and Elekta, but Tomas has announced that he is leaving the Board of Directors of Millicom International Cellular S.A. in connection with the Annual General Meeting 2025. Tomas has previously served as CFO of Sandvik, Electrolux, Assa Abloy and Seco Tools. Tomas holds a Master of Science in Business and Economics from Uppsala University. Tomas is considered independent in relation to the company and its management as well as major shareholders of the company. Tomas (including related natural and legal persons) owns no shares in the company.

Proposal for election of members of the Nomination Committee (item 13)

Shareholders representing in total approximately 53 per cent of the number of votes in the company recommend that the AGM resolves as follows regarding the Nomination Committee in respect of the AGM 2026:

The Nomination Committee shall have four members.Re-election of Mikael Ekdahl (Melker Schörling AB), Jan Dworsky (Swedbank Robur fonder), Brett Watson (Infor) and Daniel Kristiansson (Alecta) as members of the Nomination Committee in respect of the Annual General Meeting 2026. The Chairman of the Board shall be co-opted to the Nomination Committee.Re-election of Mikael Ekdahl as Chairman of the Nomination Committee.In case a shareholder, whom a member of the Nomination Committee represents, is no longer one of the major shareholders of Hexagon, or if a member of the Nomination Committee is no longer employed by such shareholder, or for any other reason leaves the Committee before the Annual General Meeting 2026, the Committee shall be entitled to appoint another representative among the major shareholders to replace such member.

Resolution on approval of remuneration report (item 14)

The Board of Directors proposes that the Annual General Meeting resolves to approve the Board of Director’s report regarding compensation pursuant to Chapter 8,
Section 53 a of the Swedish Companies Act.

Proposal for resolution on a performance based long term incentive programme (Share Programme 2025/2028) (item 15)

The Board of Directors proposes that the General Meeting resolves on implementation of a performance based long-term share programme for 2025 (“Share Programme 2025/2028”) for the group management, division managers, senior executives and key employees within the Hexagon Group as follows.

The rationale for the proposal

The purpose of Share Programme 2025/2028 is to strengthen the Hexagon Group’s ability to retain and recruit competent employees, provide competitive remuneration and to align the interests of the shareholders with the interests of the employees concerned. Through a share-based incentive programme, the employees’ remuneration is tied to the company’s earnings and value growth and creates long-term incentives for the programme participants. In light of the above, the Board of Directors believes that the implementation of Share Programme 2025/2028 may have a positive effect on the long-term value growth of the Group and, consequently, that Share Programme 2025/2028 is beneficial to both the shareholders and the company.

Participants in Share Programme 2025/2028 and allocation

Share Programme 2025/2028 is proposed to include a maximum of approximately
2,000 senior executives and key employees within the Hexagon Group, who are divided into five groups: the President and CEO (“Group 1”), group management (“Group 2”), division managers (“Group 3”) and other senior executives and key employees (“Group 4” and “Group 5”). Invitation to participate in the programme shall be provided by Hexagon on or about 30 June 2025. Participation in Share Programme 2025/2028 requires that the participant, except for the President and CEO, has been employed by the Hexagon Group for at least twelve (12) months prior to the date of the offer.

Participants are offered to be allocated performance awards that may entitle to Series B shares according to the conditions set out below. The performance awards shall be based on a maximum value for each participant category. The maximum value for the participants in Group 1 will be 100 per cent of the participant’s annual base salary for 2025, for participants in Group 2, 50 per cent of the participant’s annual base salary for 2025, for participants in Group 3 and Group 4, 100 per cent of the participant’s annual base salary for 2025, and for participants in Group 5, 35 per cent of the participant’s annual base salary for 2025. The total sum of the maximum values of the performance awards thus defined for all participants will not exceed EUR 60 million, including social costs.

The share price used to calculate the number of shares to which the performance awards yields will be the volume-weighted average of the market price of Hexagon Series B shares on Nasdaq Stockholm during a period of five (5) trading days before the day the participants are offered to participate in the programme.

Performance condition

Allocated performance awards entitle to the receipt of Series B shares in the company provided that the performance condition related to the development of Hexagon’s earnings per share[1] during the measurement period 1 January 2025 until 31 December 2028 is fulfilled, where the last financial year during the measurement period is compared with the financial year preceding the measurement period, with reservation for any reduction in the number of shares in accordance with the terms of Share Programme 2025/2028. The target level for the performance-based condition shall be an increase in the company’s earnings per share during the financial year 2028 compared to the financial year 2024. If the target level is achieved, the participants shall be entitled to receive Series B shares in the company in accordance with the terms of Share Programme 2025/2028. The Board of Directors intends to present the fulfillment of the performance-based condition in the annual report for the financial year 2028.

Other conditions

In addition to the above conditions, the following shall apply for the performance awards.

Performance awards shall be granted free of charge after the Annual General Meeting.Each performance award entitles the holder to receive one Series B share in the company free of charge approximately four (4) years after allotment of the award (vesting period), provided that the above performance condition has been met and that the holder has been employed by the Hexagon Group during the entire measurement period and is still employed at the time of the release of the interim report for the first quarter 2029. Exemptions to the requirement of employment during the entire measurement period up to and including the time of the release of the interim report for the first quarter 2029 may be granted by the Board of Directors in specific cases, including, but not limited to, a participant’s disability or retirement.The Board of Directors shall have the opportunity to make adjustments as a result of extraordinary events such as bonus issue, share split, rights issue, and/or other similar events.The performance awards are non-transferable and may not be pledged.The performance awards can be granted by the company or any other company within the Group.

Preparation and administration

The Board of Directors shall be responsible for preparing the detailed terms and conditions and administration of Share Programme 2025/2028, in accordance with the above mentioned terms and guidelines. To this end, the Board of Directors shall be entitled to make adjustments to meet foreign regulations or market conditions. The Board of Directors may also make other adjustments, including for example a right to resolve on a reduced allotment of shares, if significant changes in the Hexagon Group, or its operational environment, would, as assessed by the Board of Directors, result in a situation where the established terms and conditions for Share Programme 2025/2028 no longer are appropriate or reasonable.

In the event that the Board of Directors considers that the delivery of shares under Share Programme 2025/2028 cannot be achieved at a reasonable cost, with reasonable administrative efforts or due to specific market conditions, the Board of Directors shall have the right to make appropriate local adjustments to the programme or instead offer participants a cash settlement.

Scope and costs of the programme

Provided that the share price for the company’s Series B share at the time of allotment of performance awards under Share Programme 2025/2028 is SEK 114.55[2], Share Programme 2025/2028 will, in accordance with the principles and assumptions set out above, comprise maximum 5,333,000 Series B shares in total, which corresponds to approximately 0.2 per cent of the total outstanding shares in the company.

Provided that the performance condition is fully met, the total costs for Share Programme 2025/2028, in accordance with the principles and assumptions set out above, is estimated to a maximum of approximately EUR 60 million, allocated over the vesting period. Estimated social costs and administration costs for the programme are included in the amount.

In the event that the total costs of Share Programme 2025/2028 would exceed EUR 60 million, the total number of allocated Series B shares in Hexagon will be reduced so that the total costs of Share Programme 2025/2028 will not exceed this amount. Such reduction will be made pro rata in relation to the highest value for each participant category in accordance with the above.

Delivery of shares under Share Programme 2025/2028

To ensure the delivery of Series B shares under Share Programme 2025/2028, the company intends to enter into an agreement with a third party on terms in accordance with market practice, under which the third party shall, in its own name, acquire and transfer Series B shares in the company to the participants in accordance with Share Programme 2025/2028.

Preparation of the proposal

Share Programme 2025/2028 has been initiated by the Board of Directors of Hexagon and has been structured in consultation with external advisers. Share Programme 2025/2028 has been prepared by the Remuneration Committee and reviewed at meetings with the Board of Directors.

Previous incentive programmes in Hexagon

For a description of Hexagon’s other incentive programmes, Share Programme 2022/2025, Share Programme 2023/2026 and Share Programme 2024/2027, please see the company’s Annual Report 2024, note 30, and the company’s website www.hexagon.com. In addition to the programmes described therein, there are no other long term incentive programmes in Hexagon.

Resolution on authorization for the Board of Directors on acquisition and transfer of own shares (item 16)

Hexagon has previously, on the basis of authorization by the General Meeting, acquired own Series B shares for the purpose of using repurchased shares to give the Board of Directors the opportunity to adjust the company’s capital structure, to finance potential company acquisitions, and as a hedge for the company’s share-based incentive programmes. As of 1 January 2025, the company held 21,100,000 own Series B shares, corresponding to approximately 0.8 per cent of the total number of shares in the company. The Board of Directors makes the assessment that it remains advantageous for the company to continue to be able to use repurchased shares in order to adjust the company’s capital structure, on account of potential company acquisitions and for the company’s share-based incentive programmes.

In view of the above, the Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors to pass a resolution, on one or more occasions for the period up until the next Annual General Meeting, on acquisition and transfer of Series B shares in the company. Acquisition of shares may be made at a maximum of Series B shares so that the company’s holding does not exceed ten (10) per cent of all shares in the company at that time. Acquisitions of shares on Nasdaq Stockholm may only occur at a price within the share price interval registered at that time, where share price interval means the difference between the highest buying price and the lowest selling price. Transfer of Series B shares may be made at a maximum of ten (10) per cent of the total number of shares in the company. A transfer may be made with deviation from the shareholders’ preferential rights on Nasdaq Stockholm as well as to third parties in connection with acquisition of a company or a business. Compensation for transferred shares can be paid in cash, through an issue in kind or a set-off. Transfers of shares on Nasdaq Stockholm may only occur at a price per share within the share price interval registered at that time, where share price interval means the difference between the highest buying price and the lowest selling price. Transfer in connection with acquisitions may be made at a market value assessed by the Board of Directors.

The purpose of the authorizations is (i) to give the Board of Directors the opportunity to adjust the company’s capital structure and thereby contribute to increased shareholder value, (ii) to enable acquisition opportunities by financing acquisitions with the company’s own shares, and (iii) to ensure the company’s undertakings, due to share-related or share-based incentive programs (other than delivery of shares to participants in incentive programs), including social security costs.

The resolution according to this item requires approval from shareholders representing at least two-thirds of both the number of votes cast as well as the shares represented at the general meeting in order to be valid.

Resolution on authorization for the Board of Directors to issue shares, convertibles and/or warrants (item 17)

The Board of Directors proposes that the Annual General Meeting authorizes the Board of Directors during the period up until the next AGM to, on one or more occasions, with or without deviation from the shareholders’ preferential rights, and with or without provisions for contribution in kind, set-off or other conditions, resolve to issue Series B shares, convertibles and/or warrants (with rights to subscribe for or convert into Series B shares). By resolutions in accordance with the authorization, the number of shares may be increased by a number corresponding to a maximum of ten (10) percent of the number of outstanding shares in the company at the time when the Board of Directors first uses the authorization.

The purpose of the authorization and the reasons for a potential deviation from the shareholders’ preferential rights as set out above, is to ensure financing of acquisitions of companies, part of companies or businesses or to strengthen the company’s capital base and equity/assets ratio. Such issues may not require amendment of the Articles of Association applicable from time to time. In case of deviation from the shareholders’ preferential rights, issues by virtue of the authorisation shall be made on market conditions. In accordance with the conditions set out above, the Board of Directors shall also be authorized to resolve on other terms as considered necessary by the Board of Directors to carry out the issues.

The Board of Directors further proposes that the Managing Director, or anyone appointed by the Managing Director, shall have the right to make any adjustments that may be necessary in connection with the registration of the resolution with the Swedish Companies Registration Office (Sw: Bolagsverket).

E. AVAILABLE DOCUMENTS

The Annual Report and the auditor’s statement as well as the auditors’statement regarding whether the guidelines for the remuneration of senior executives have been complied with, the Board of Director’s remuneration report, the Board of Director’s complete proposal concerning items 15-17 together with related documents, as well as the Board of Director’s statement pursuant to Chapter 18, Section 4 and Chapter 19, Section 22 of the Swedish Companies Act will be kept available for the shareholders at the company’s headquarters in Stockholm no later than Monday 14 April 2025. Copies of the documents will be sent to those shareholders who request to receive such information and who have provided their address and will be available at the company’s website www.hexagon.com and at the Annual General Meeting.

F. SHAREHOLDERS’ RIGHT TO RECEIVE INFORMATION AT THE ANNUAL GENERAL MEETING

The Board of Directors and the Managing Director shall, if requested by a shareholder and the Board of Directors considers that it can be done without material damage to the company, provide information regarding issues that (i) may affect the assessment of an item on the agenda (ii) circumstances that may affect the assessment of the company’s or its subsidiaries’ financial position or information concerning (iii) the company’s relation with other companies within the group. Shareholders may send questions in advance by mail to Hexagon AB (publ), Box 3692, SE-103 59 Stockholm, Sweden or by e-mail to bolagsstamma@hexagon.com.

G. NUMBER OF SHARES AND VOTES IN THE COMPANY

The total number of shares in the company amounts to 2,705,477,888 of which 110,250,000 are shares of Series A (with 10 votes per share), and 2,595,227,888 are shares of Series B (with 1 vote per share). The total number of votes in the company amounts to 3,697,727,888. Hexagon AB (publ) holds 21,100,000 of its own Series B shares, corresponding to an equal number of votes, for which the company cannot exercise voting rights.

H. PROCESSING OF PERSONAL DATA

For information about the processing of your personal data, see https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf. If you have questions regarding Hexagon AB’s processing of your personal data, you can contact the company by email privacy@hexagon.com. Hexagon AB (publ) has corporate ID No. 556190-4771 and the Board of Directors’ registered office is in Stockholm, Sweden.

____________________________

Stockholm in April 2025
The Board of Directors
Hexagon AB (publ)

[1] Earnings per share is defined as the company’s earnings per share, excluding adjustments.
[2] Corresponding to the closing price on 18 March 2025 for Hexagon’s Series B share on Nasdaq Stockholm.

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/notice-to-the-annual-general-meeting-in-hexagon-ab–publ-,c4128664

The following files are available for download:

https://mb.cision.com/Main/387/4128664/3359246.pdf

Notice to Annual General Meeting 2025

View original content:https://www.prnewswire.com/news-releases/notice-to-the-annual-general-meeting-in-hexagon-ab-publ-302418083.html

SOURCE Hexagon

Technology

Electrosoft Celebrates 25 Years of Federal Cybersecurity Innovation and Impact

Published

32 minutes ago

April 21, 2026

Founding CEO Dr. Sarbari Gupta reflects on firm’s evolution and sets the course for its next chapter

RESTON, Va., April 21, 2026 /PRNewswire/ — Electrosoft Services, LLC, a leading provider of federal cybersecurity and digital transformation services, today announced its 25th anniversary, marking a quarter century of innovation and partnership in support of government missions. Founded in 2001 and led by its founding CEO, Dr. Sarbari Gupta, the company has grown from a small, focused team into a trusted partner on some of the federal government’s most consequential cybersecurity and digital engineering programs.

“I founded Electrosoft because I believed federal agencies deserved a cybersecurity partner that would grow with them through every shift in technology and every evolution in the threat environment. Twenty-five years in, that belief has only gotten stronger,” said Dr. Gupta. “What fills me with the most pride isn’t the milestone itself, but the trust we’ve built and the team that earned it.”

Electrosoft’s journey began with its first prime contract at NIST in 2001. Years later, company experts became named authors of NIST special publications on digital identity. That foundation has expanded into support for federal civilian and defense agencies such as DLA, USTRANSCOM, GSA, Treasury and HHS, as well as multiple-award vehicles including GSA OASIS+, DLA JETS 2.0, NIST CAPSS, Treasury PROTECTS and CISA DTSS.

Over the years, the company has been consistently recognized as a top workplace, fast-growing company and technology thought leader.

Recent milestones include several significant contract and contract vehicle wins from HHS, Treasury and CISA and a 2025 strategic investment from DigitalNet.ai that supports expanded capabilities in artificial intelligence while preserving the independent leadership and customer continuity that have defined the firm.

As Electrosoft enters its next chapter, the company’s integrated delivery model unifies cybersecurity, digital engineering and AI to meet the evolving demands of federal missions.

For more information, read Electrosoft’s 25th Anniversary newsletter.

About Electrosoft Services

Electrosoft is a cybersecurity, digital engineering and intelligent automation firm delivering secure, scalable solutions for federal agencies. With 25 years of experience, the award-winning company combines deep mission expertise with modern engineering practices to help agencies operate securely, modernize with confidence and accelerate operational performance. Electrosoft is headquartered in Reston, Virginia. www.electrosoft-inc.com

Press Contact
Jeanne Zepp
jzepp@electrosoft-inc.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/electrosoft-celebrates-25-years-of-federal-cybersecurity-innovation-and-impact-302748192.html

SOURCE Electrosoft Services, LLC

Technology

Almost 80% of Gen Z and Millennials Use ‘Survival Spending’

Published

32 minutes ago

April 21, 2026

New Survey from Beyond Finance and Operation HOPE reveals young Americans are focusing on immediate priorities and real-world decisions over long-term financial ideals

45% would use tax refunds for bills or debt, 77% rely on short-term financial strategies like Buy Now Pay Later for essentials, 39% are turning to AI to guide money decisions, and 73% want to know someone’s exact financial situation before the third date

CHICAGO and ATLANTA, April 21, 2026 /PRNewswire/ — Almost 80% of Gen Z and Millennials use ‘survival spending’ to get by in today’s economy with nearly half of Gen Z and Millennials indicating they would use a tax refund to cover bills or pay down debt, 77% relying on short-term financial strategies like Buy Now, Pay Later for essentials, and 39% turning to AI to guide money decisions. As part of its annual Financial Practice Week, Beyond Finance partnered with leading financial literacy nonprofit Operation HOPE to examine how young Americans are actually managing money, finding a clear break from traditional financial practice as they cope with the current economic landscape.

The research challenges the idea that younger generations are abandoning financial responsibility. Instead, it shows a generation actively adapting, making decisions that prioritize immediate needs, flexibility, and informed tradeoffs. While 7 in 10 say wealth-building feels out of reach, their actions tell a more defining story: Financial strategy today is less about getting ahead and more about staying in control. From how they allocate income to how they seek advice — including 73% who want full financial transparency before the third date — Gen Z and Millennials are building financial practices grounded in adaptability, prioritization, and real-world decision-making.

These additional findings follow recent Financial Literacy Month news on the rise of ‘survival spending,’ and give us a closer look at how Gen Z and Millennials are actually managing money, making tradeoffs, and navigating financial decisions day to day.

A Shift Toward Immediate Financial Priorities

Tax refunds used for survival, not splurging: 45% would put the money toward bills or debt, and less than 4% would spend it on travel or leisure.

‘Survival spending’ has become a financial strategy: Nearly 77% report using tactics like Buy Now, Pay Later for essentials, reflecting a shift toward short-term financial management.

Side hustles are now part of the baseline financial plan: 71% say additional income is necessary just to keep up.

Experiences over savings: 59% say spending on meaningful experiences today feels more practical than saving for long-term goals that seem increasingly out of reach, with 65% feeling uncertain whether traditional retirement planning will deliver real security.

Redefining Financial Practices

Peer-to-Peer learning on the rise: Financial practice is becoming more social. Gen Z is now more likely to consult social media experts (24%) than they are their parents (21%) to refine their money strategies.

Financial silence is waning: The practice of “financial silence” is disappearing, with 73% of respondents wanting to know someone’s exact financial situation before the third date.

The Rise of Real-Time Financial Decision-Making

AI is becoming a financial co-pilot: 39% are already using AI to budget or inform financial decisions, often running “what if” scenarios before taking action.

Hybrid decision-making is emerging as the norm: Many are combining AI insights with human advice, creating more personalized, responsive approaches to money management.

Digital tools are reshaping engagement: 16% use apps that gamify saving and spending, reinforcing financial habits through continuous interaction.

“Gen Z and Millennials aren’t failing at money. The system they inherited has changed, and they’re responding in real time,” said Dr. Erika Rasure, chief financial wellness advisor at Beyond Finance. “What we’re seeing is a generation shifting from long-term financial ideals to daily financial practices, such as using windfalls to stabilize, leaning on tools like AI to make decisions, and prioritizing what’s immediately within their control. That adaptability isn’t a weakness — it’s a new form of financial resilience.”

Despite these challenges, younger generations remain highly engaged, adapting their behaviors and redefining what financial success looks like in today’s environment.

“Every generation must answer the economic test of its time, and this generation is no different. Gen Z and Millennials are not walking away from success. They are searching for a model that speaks to their lived reality, their struggle, and their hope. The old rules alone cannot carry them where they need to go. We must give them something deeper than theory. We must restore their sense of unlimited possibility, backed with vision, tools, and a pathway. At Operation HOPE, we believe financial literacy is the new civil rights issue of our time. And our calling is to help this generation move from uncertainty to confidence, from surviving to thriving, and from financial stress to lasting wealth—so they can build not just a living, but a future,” said John Hope Bryant, founder, chairman, and CEO of Operation HOPE.

Redefining Hope for a New Financial Reality

Held during the last week of Financial Literacy Month, Beyond Finance’s Financial Practice Week is an initiative designed to help people reconnect with their financial power by building personalized, emotionally grounded practices. To examine your money mindset further, explore a money management guide from Beyond Finance and then take Operation HOPE’s quizzes, AI video training, and micro-courses.

This survey was commissioned by Beyond Finance in collaboration with Operation HOPE, and conducted by QuestionPro, a third-party research company, from March 16 – 18, 2026, with a collective sample of 2,000 Millennial (born 1981 to 1996) and Gen Z adults (born 1997-2008) Americans. An executive summary of the findings can be found here. Full research findings are available upon request.

About Beyond Finance

Beyond Finance, LLC, is the nation’s largest debt consolidation company. In its commitment to providing clients with a personalized approach to move beyond debt, Beyond Finance provides simple and transparent solutions that help consumers lower their eligible monthly payments, reduce the impact of interest, and reach a debt-free life sooner. Beyond Finance holds an A+ rating with the Better Business Bureau and has been awarded with multiple recognitions for its commitment to clients: Organization of the Year – The Business Intelligence Group’s Excellence in Customer Service Award, Gold Stevie Award for Outstanding Customer Service Department, Banking Tech Award – Financial Wellness Champion, Best In Biz Gold Award for top Customer Service Team, and 3 ConsumerAffairs’ “Buyer’s Choice Awards.” Beyond Finance has offices in Chicago, Atlanta, and Houston. For more information, visit BeyondFinance.com.

About Operation HOPE, Inc.

Since 1992, Operation HOPE has been moving America from civil rights to “silver rights” with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $4.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information visit OperationHOPE.org. Follow the HOPE conversation on Twitter, Facebook, Instagram, or LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/almost-80-of-gen-z-and-millennials-use-survival-spending-302747513.html

SOURCE Beyond Finance

Technology

Sidekick Health Expands Its Intelligent Care Platform with MSK, Advancing Its Solutions for Rising Risk and Multi-Condition Care Complexity

Published

32 minutes ago

April 21, 2026

The new program joins 24+ conditions plus medication support in one platform, giving health plans and employers a single solution for their most complex and costliest populations

NEW YORK, April 21, 2026 /PRNewswire/ — Sidekick Health, a digital health innovation company, today announced the launch of its musculoskeletal (MSK) health program and pain management support. These new, clinician-backed resources are available alongside 24+ conditions spanning cardiometabolic, oncology, behavioral health, women’s health, inflammation and immunology, discharge management, and medication support — all within a single platform.

More than half of Americans live with two or more chronic conditions, and MSK is one of the most common, affecting more than one in three adults and accounting for nearly 10% of national medical spending — insufficient MSK intervention can lead to overutilization, surgery, and opioid dependence. Importantly, MSK conditions don’t happen in a silo. With the launch of this program, Sidekick is positioned to support MSK and pain alongside cardiovascular disease, diabetes, mental health and menopause, delivering a multi-condition approach that’s designed to address rising risk, utilization, and ultimately the total cost of care.

“MSK has been one of the most consistent asks from health plan partners and their members. This launch aims to close that gap and positions us to better address the needs of our payer partners and their members — from multi-condition management to medication support to physical rehabilitation — in one solution.” said Travis Parkinson, President, Healthcare & Life Sciences, Sidekick Health.

The program approaches MSK support and rehabilitation from multiple angles, both physical and mental. It aims to transform how individuals manage MSK pain by shifting focus to functional restoration, while the pain management support layer combines cognitive behavioral therapy (CBT), mindfulness, and pain neuroscience education, designed to help members reduce medication reliance and build lasting self-management skills.

It was built from the ground up in collaboration with doctors of physical therapy (DPTs), clinical experts, and practicing clinicians, and incorporates key elements targeting rising risk, utilization, and quality metrics for health plans, multi-condition complexity for employers, and cost of care across all stakeholders:

Fall-risk mitigation with targeted exercises supporting joint and muscle health and strength that scale to meet member abilityPelvic floor support aimed to address lower back and hip pain and improve bladder controlPain management support available alongside MSK and other conditions, vital as patients work toward ending the cycle of disability, easing emotional distress, and improving quality of life

The program was developed in collaboration with MOBĒ, a whole-person condition management company, whose health plan and employer clients will have access to the program at launch through MOBE Missions, powered by Sidekick’s platform.

“What makes MSK particularly complex to support is how it interacts with other conditions and treatments. Approximately 75% of MOBĒ participants have an MSK condition, live with four or more chronic conditions, and utilize three or four more chronic medications from multiple prescribers, making integrated, cross-condition support a necessary feature for safe and sustained improvement,” said Leslie Helou PharmD, Senior Vice President of Health Outcomes Strategy at MOBĒ.

Most health plans are managing rising risk and complexity — in their growing proportion of multi-chronic health profiles and care management workflows. Sidekick’s platform simplifies this complexity and delivers real-time risk signals to deliver against organizational, clinical, and financial priorities.

“We’ve built a companion that can follow a person through their entire health journey — not just the condition they were most recently diagnosed with. Adding MSK isn’t a feature update. It’s just one more step as we deliver the intelligent care infrastructure health plans have been asking for.” said Tryggvi Thorgeirsson, co-founder and CEO, Sidekick Health.

About Sidekick Health

Sidekick Health is an intelligent care company. Its AI-powered solutions span cardiometabolic, musculoskeletal, oncology, behavioral health, women’s health, hospital discharge management, and inflammation and immunology conditions, and deliver lifestyle, medication, and care management support. Sidekick works with health insurers, employers, and pharmaceutical companies, and develops regulated prescription digital therapeutics designed to improve patient outcomes, enhance clinical efficiency, and reduce the cost of care.

Media Contact
Manda Bertrand
Press@sidekickhealth.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/sidekick-health-expands-its-intelligent-care-platform-with-msk-advancing-its-solutions-for-rising-risk-and-multi-condition-care-complexity-302748222.html

SOURCE Sidekick Health