Results of TaskUs Special Meeting: Termination of Take-Private Transaction Expected

10/08/2025 – 02:45 PM

NEW BRAUNFELS, Texas – TaskUs, Inc. (Nasdaq: TASK), a player in outsourced digital services and next-generation customer experience solutions, announced today that its stockholders did not approve the proposed transaction agreement with a Blackstone affiliate and TaskUs’ co-founders, Bryce Maddock (CEO) and Jaspar Weir, at a special meeting. The vote fell short of the necessary threshold for approval.

As a result, TaskUs will not schedule another special meeting and plans to terminate the transaction agreement. The company will remain publicly traded, and its Class A common stock will continue to be listed on the Nasdaq under the ticker symbol TASK. This outcome signals a potential shift in strategy as TaskUs navigates an evolving market landscape.

Bryce Maddock commented, “We value the feedback received from our stockholders following the transaction announcement. We align with their confidence in TaskUs and are deeply committed to evolving our business to thrive in the age of artificial intelligence.” Maddock’s statement underscores the company’s strategic pivot towards incorporating more AI-driven solutions within its service offerings, a critical move given the increasing automation demands of its clientele.

The final voting results will be detailed in a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC). Importantly, the planned termination of the agreement carries no termination fee for either party. This detail suggests a mutual understanding and agreement to part ways without any contractual obligations related to a failed transaction.

TaskUs: At a Glance

TaskUs provides outsourced digital services and customer experience solutions, assisting clients in reputation management, brand protection, and growth. Leveraging a cloud-based infrastructure, TaskUs serves sectors with rapid growth such as social media, e-commerce, gaming, streaming media, food delivery, ride-sharing, technology, financial services, and healthcare. As of June 30, 2025, the company employed approximately 60,400 individuals across 30 global locations. TaskUs’ success hinges on its ability to adapt to the evolving demands of its clients, particularly in the realm of AI-driven solutions. The company faces the challenge of integrating AI into its existing services while also competing with other firms who are also aggressively pursuing AI-based solutions.

Forward-Looking Statements

This announcement contains forward-looking statements subject to risks and uncertainties, as defined in the Private Securities Litigation Reform Act of 1995. These include statements regarding the Company’s operations, financial performance, industry outlook, and the macroeconomic environment’s impact on its business. These statements are identifiable through terms like “outlook,” “believes,” “expects,” and similar expressions. These forward-looking statements are influenced by a variety of factors that could cause actual results to differ materially. These factors include, but are not limited to, client dependency, business loss risks, the failure to cost-effectively acquire new clients, service inadequacies, inability to anticipate market trends, AI utilization by the Company’s clients as well as TaskUs itself, data security breaches, employee retention challenges, fraudulent activities, global economic conditions, dependence on international operations, data privacy compliance, currency fluctuations, brand maintenance challenges, pricing pressures, reliance on key personnel, increases in employee expenses, the ability to attract and maintain a skilled workforce, and effectiveness in penetrating new markets. Other risks include reliance on technology, maintaining asset utilization, and the market volatility of Class A common stock.

Further details on potential risks can be found in TaskUs’s Annual Report on Form 10-K for the year ended December 31, 2024, and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, both filed with the SEC and accessible on its website. The company is not obligated to update or revise any forward-looking statements unless required by law.